Franklin Pitcher Johnson Jr.

Despite that, according to him, he has learned a lot of things from his father, "My dad taught me to shake hands with my opponents after the race, win or lose.

[1] Johnson and his friend, Bill Draper, decided to co-found a venture capital company in Palo Alto.

[1] He said that as a rough estimate, of every 10 companies that he helped fund, one would return 20 or more times the investment, 3 or 4 doubled it, and the rest didn't lose nor win money, and they had to be sold, sometimes with losses and sometimes ending even.

[2] He taught a class in entrepreneurship and venture capital for 12 years at The Stanford Graduate School of Business, beginning in 1979 and he remained active in the faculty through 2009.

[2][3] During his period of teaching at the Stanford Graduate School of Business Johnson gave a paper "The Entrepreneurial Climate" to the American Chamber of Commerce in Paris in 1982.