Word: draper
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With all that has been going on, venture capitalists were sure to follow. There are 20 venture-capital firms with offices in Fairfax County alone. They include Draper Atlantic and Friedman Billings Ramsey. Fairfax County firms obtained $327 million in venture capital during the first quarter of 2000, well above the pace of almost $1 billion for all of 1999. Meanwhile, more than 150 foreign businesses, including giants like Cable & Wireless and Hitachi Data Systems, have parachuted into Fairfax County, and the Fairfax County government has established offices in London, Tokyo and Frankfurt. Says Alan Merten, president of George Mason...
...device). Other subjects have included woman investors, venture-capital funding, the political battle over high-tech immigration policy, e-commerce, wiring at the Pentagon and spreading the dotcom wealth in northern Virginia. "Shannon is absolutely the No. 1 tech reporter in Washington," says Christie Hart, marketing manager at the Draper Atlantic venture-capital firm in Reston, Va. "She takes all the high-tech jargon, the acronyms, the slang, and makes it readable and understandable." Born in New York City and raised in Maryland, Henry studied English at Boston University and got a master's degree in journalism and public policy...
...Draper lacks the common touch, he makes up for it in chutzpah. "I'm a freedom fighter," he says, explaining why he is bankrolling a campaign to pass an initiative that would require the state to offer a $4,000 annual voucher to any parent, rich or poor, to send a child to private school. The measure, which will be on California's November ballot, is likely to spark the most heated and expensive proposition campaign in the U.S., with vigorous opposition from Governor Gray Davis, the California Teachers Association, PTAs and groups such as the California Business Roundtable...
This week Draper, a prominent Bush fund raiser, will launch the campaign for the proposition with a $4,000-a-head cocktail party at his home in a wealthy community outside San Francisco, along with rallies in San Diego, Los Angeles, Fresno and Sacramento. Overseeing the effort are Joe Gaylord, longtime strategist for Newt Gingrich, and Pat Rosenstiel, a former Midwest political director for Steve Forbes. But few if any big names are expected to high-five with Draper at his campaign podiums. So far, such school-choice advocates as financier Ted Forstmann and Wal-Mart heir John Walton...
...Draper's initiative is different from Florida's voucher law, signed by Governor Jeb Bush but now under court challenge. The initiative would not target low-income families or subpar schools. "If it were for just one type of person, it would mean more bureaucracy," he says. Draper's polls show that an across-the-board voucher has more chance of passage. Indeed, Bishop Charles Blake, of the West Angeles Church of God in Christ, where Draper met with pastors, endorses the measure, which would be a boon to his 230-pupil Christian academy. But the Rev. Cecil Murray...