Bill Hambrecht has been in the securities business since 1958. He cofounded the San Francisco-based investment bank Hambrecht & Quist in 1968. Noted for its focus on the technology sector, H&Q was the pioneer of Silicon Valley’s venture capital industry. Hambrecht resigned from H&Q in December 1997 to form WR Hambrecht + Co, which has introduced a new “Dutch auction” technique that has increased the amount that companies can raise through flotations. He is currently a director of Motorola Inc. and is on the advisory council to the J. David Gladstone Institutes. He graduated from Princeton University in 1957 and was inducted to the American Academy of Arts and Sciences in October 2006.