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Burt and Deedee McMurtry graduated from Rice University in 1956 and moved to the Bay Area in 1957 after Burt’s fifth year at Rice. Burt joined Sylvania in its Microwave Tube Division and began part-time graduate work at Stanford University. He received an MSEE degree in 1959 and a PhD in 1962. He continued to work for Sylvania (which became GTE) until 1969, when he joined Jack Melchor in starting a venture capital business. He was involved full time in the venture capital business until 1995. He was also a founder of VC partnerships Institutional Venture Associates (IVA) and Technology Venture Investors (TVI). Portfolio companies included Adaptec, Altera, Compaq, Intuit, KLA-Tencor, Linear Technology Corporation, Microsoft, NBI, Nellcor, PMC Sierra, Quantum, ROLM Corporation, SpectraLink, Sun Microsystems, Synopsys, Triad Systems Corporation, VeriFone, and Visio.
Deedee McMurtry is an active volunteer, a trustee of the American Conservatory Theater (ACT) in San Francisco, and is involved with arts advisory committees at Stanford.
Burt served seventeen years on the Rice University board, eleven years on the Stanford University board (the last four as chairman, ending July 1, 2008,) and seven years on the board of the Carnegie Institution of Washington. They have two children and four grandchildren.