PALO ALTO, CA -- 05/15/08 --
Alan Marty is a new managing general partner
at Legacy Venture, a community of more than 200 philanthropists,
foundations and select non-profits using venture-capital investments and
collaborative learning to address urgent global needs.
"Alan's wisdom, experience, and investment judgment are a perfect addition
to Legacy as we build on our early success," said Chris Eyre, managing
general partner. "Venture capital is rapidly evolving into an international
effort with many emerging investment opportunities in areas such as clean
tech and consumer. Alan's experience in many new sectors and across
different investment stages is ideal for us at this point of our
development."
Russ Hall, co-founding managing general partner, added: "Alan's active
involvement in service is a direct match with Legacy's mission of growing
philanthropy. His ability to be immediately effective across the full range
of Legacy's activities is a huge boost. As philanthropic organizations seek
to fill the gap left by constrained government budgets, Alan's experiences
at the highest levels of government will be very useful."
Marty brings investment, technology and philanthropic perspectives to
Legacy Venture. Throughout his career, he has been involved with early or
emerging technologies, helping determine the technological and business
viability of promising scientific breakthroughs such as semiconductors,
nanotech and rocket science for his organizations.
Most recently, Marty was the venture capitalist for NASA, where he engaged
private investors to develop the commercial launch vehicles needed to
replace the NASA space shuttle. While at JPMorgan Partners, Marty led the
nanotechnology venture investment program. At Hewlett-Packard, he was
general manager of the multi-national integrated circuit business.
Following the spinoff of Agilent Technologies from HP, Marty became general
manager of the microdisplay business, an early entrant into commercialized
nanotechnology in consumer electronics.
Early in his career, Marty was an associate professor in materials science
at Silliman University and later received a Presidential appointment in the
prestigious White House Fellow program. Marty received his bachelor's
degree in materials science from Iowa State University. At Stanford
University, he received both a master's in business administration from the
Graduate School of Business and a master's from the Graduate School of
Education.
About Legacy Venture
Since its founding in 1999, Legacy Venture has raised five funds, and
manages well over half a billion dollars from individuals, foundations and
select not-for-profits. Legacy aims to amplify philanthropy in two ways.
First, the organization expands charitable contributions through
investments in premier venture capital funds. Second, Legacy creates a
collaborative community of philanthropists who learn from one another.
Distributions of stock of Google (YouTube), Seagate, PayPal, Netflix and
many other successful companies have fueled the philanthropy of Legacy's
investors, who intend that all distributions go to each investor's favorite
philanthropic causes. Collaborative and individual philanthropy have
supported causes in the fields of education (e.g., New Schools Venture
Fund, DonorsChoose.org, Eastside College Prep), environment (e.g.,
Environmental Entrepreneurs, The Nature Conservancy, Natural Resources
Defense Council, Environmental Defense Fund), world poverty (e.g., Unitus,
Grameen Bank, Acumen Fund), human health and dignity (e.g., CARE, Innocence
Project, Interplast, Lucile Packard Children's Hospital, Human Rights
Watch) and many other areas.
For more information, please visit the website at www.legacyventure.com.
