Jack McDonald is The Stanford Investors Professor in the Graduate School of Business at Stanford University. He is a recognized expert in private and public equity investing and has served as the Vice Chairman of the Board of Governors for the National Association of Securities Dealers (NASD), which has operated the NASDAQ Stock Market. He currently serves on the boards of mutual funds managed by Capital Research and Management Company and of a number of other companies. He has been an advisor on venture capital and limited partner of InterWest Partners and Partech International. Jack has taught investment and corporate finance at the Columbia and Harvard Business Schools, and Stanford Graduate School of Business since 1968.