The firm, founded in 1996 and based in Menlo Park, California, focuses on investing in information technology and telecommunications companies in the United States. They typically invest in a company's first round of financing and continue to make follow-on investments as the company grows. Draper Richards believes that the information technology sector, including software, communications, Internet, and high value-added electronic components, offers large and fast-growing markets for new companies. Some of their notable portfolio companies include Skype, OpenTable, and SquareTrade.