PALO ALTO, CA -- (MARKET WIRE) -- 05/15/08 -- Alan Marty is a new managing general partnerat Legacy Venture, a community of more than 200 philanthropists,foundations and select non-profits using venture-capital investments andcollaborative learning to address urgent global needs."Alan's wisdom, experience, and investment judgment are a perfect additionto Legacy as we build on our early success," said Chris Eyre, managinggeneral partner. "Venture capital is rapidly evolving into an internationaleffort with many emerging investment opportunities in areas such as cleantech and consumer. Alan's experience in many new sectors and acrossdifferent investment stages is ideal for us at this point of ourdevelopment."
Russ Hall, co-founding managing general partner, added: "Alan's activeinvolvement in service is a direct match with Legacy's mission of growingphilanthropy. His ability to be immediately effective across the full rangeof Legacy's activities is a huge boost. As philanthropic organizations seekto fill the gap left by constrained government budgets, Alan's experiencesat the highest levels of government will be very useful."
Marty brings investment, technology and philanthropic perspectives toLegacy Venture. Throughout his career, he has been involved with early oremerging technologies, helping determine the technological and businessviability 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 engagedprivate investors to develop the commercial launch vehicles needed toreplace the NASA space shuttle. While at JPMorgan Partners, Marty led thenanotechnology venture investment program. At Hewlett-Packard, he wasgeneral manager of the multi-national integrated circuit business.Following the spinoff of Agilent Technologies from HP, Marty became generalmanager of the microdisplay business, an early entrant into commercializednanotechnology in consumer electronics.
Early in his career, Marty was an associate professor in materials scienceat Silliman University and later received a Presidential appointment in theprestigious White House Fellow program. Marty received his bachelor'sdegree in materials science from Iowa State University. At StanfordUniversity, he received both a master's in business administration from theGraduate School of Business and a master's from the Graduate School ofEducation.
About Legacy Venture
Since its founding in 1999, Legacy Venture has raised five funds, andmanages well over half a billion dollars from individuals, foundations andselect not-for-profits. Legacy aims to amplify philanthropy in two ways.First, the organization expands charitable contributions throughinvestments in premier venture capital funds. Second, Legacy creates acollaborative community of philanthropists who learn from one another.
Distributions of stock of Google (YouTube), Seagate, PayPal, Netflix andmany other successful companies have fueled the philanthropy of Legacy'sinvestors, who intend that all distributions go to each investor's favoritephilanthropic causes. Collaborative and individual philanthropy havesupported causes in the fields of education (e.g., New Schools VentureFund, DonorsChoose.org, Eastside College Prep), environment (e.g.,Environmental Entrepreneurs, The Nature Conservancy, Natural ResourcesDefense Council, Environmental Defense Fund), world poverty (e.g., Unitus,Grameen Bank, Acumen Fund), human health and dignity (e.g., CARE, InnocenceProject, Interplast, Lucile Packard Children's Hospital, Human RightsWatch) and many other areas.
For more information, please visit the website at www.legacyventure.com.
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