Bill Hambrecht

William R. Hambrecht
Born1935 (age 88–89)
EducationPrinceton University, AB, History
OccupationInvestment banker
SpouseSally R. Hambrecht
Children5

William R. Hambrecht (born 1935) is an American investment banker and chairman of WR Hambrecht + Co which he founded in 1998. He helped persuade Google to use an Internet-based auction for their initial public offering (IPO) in 2004, instead of a more traditional method using banks and other financial companies to find buyers. He is credited with popularizing this "OpenIPO" model, using Dutch auctions to allow anyone, not just investing insiders, to buy stock in an IPO, potentially raising more money for startups. Some of the companies he has helped have an IPO like this include Overstock.com, Ravenswood Winery, Andover.net, and Salon.com.[1][2]

Hambrecht is also credited as one of the first major investment bankers to recognize the value of technology and biotech companies, helping to take Apple Computer, Genentech, and Adobe Systems public in the 1980s with his earlier San Francisco-based company Hambrecht & Quist, which he founded in 1968 and which also backed the IPOs of Netscape, MP3.com, and Amazon.com. The firm was bought by Chase Manhattan in 1999.[3] In 1997, he sponsored the foundation of BOOM Securities (H.K.) Limited.[4]

Hambrecht is a 1957 graduate of Princeton University, where he received an A.B. in History. He has been listed as one of the top political donors in the country, giving mostly to Democratic candidates, and credits Nancy Pelosi, whom he met in the 1970s, with inspiring him to get involved in politics.[5]

Hambrecht is on the board of trustees of the American University of Beirut,[6] Lebanon.[7] He was on the Motorola board of directors from 2008 to 2011 and the AOL Inc. board of directors from December 2010 to February 2011.[8]

  1. ^ "2006 Fast 50". fastcompany.com. 20 December 2006. Retrieved 2007-05-30.
  2. ^ Young, Eric (2007-05-30). "Investment banker Hambrecht plans pro football league". San Francisco Business Times.
  3. ^ Scherer, Michael (2001-03-05). "William R. Hambrecht (with Sally)". Mother Jones. Archived from the original on 2007-09-26. Retrieved 2018-07-09.
  4. ^ "About BOOM, a Hong Kong Online Stock Broker".
  5. ^ McCormick, Erin & Sandalow, Marc (2006-04-03). "Pelosi mines 'California gold' for Dems nationwide". San Francisco Chronicle.
  6. ^ "Home". aub.edu.lb.
  7. ^ "Board of Trustees, AUB, Lebanon". Archived from the original on 2008-03-27. Retrieved 2008-05-23.
  8. ^ Meet AOL’s BOD: Tim Armstrong May Be Youthful, but His Directors-To-Be Aren’t