Washington Business Journal: Venture capital legend and Valhalla founder Art Marks dies
By Andy Medici – Staff Reporter, Washington Business Journal
Valhalla Partners co-founder and former New Enterprise Associate general partner Arthur “Art” Marks loved a lot of things — the University of Michigan, fly fishing, tulips and sailing, to name a few. He also loved the process.
Marks, who died Tuesday at the age of 74, helped use his commitment to processes and operations to professionalize and scale a still wild venture capital industry when he joined NEA in 1984, said those who remember his work.
Frederick said Marks was “unique and opinionated,” an assessment backed by local executive coach Glen Hellman (also known as “Mr. Cranky”), who met Marks in 1988 when Hellman was a sales manager for Progress Software and Marks was on the board. Hellman later became vice president at Call Technologies and pitched Marks for an investment — which he did.
“He was a great board member, smart, insightful and gruff. He was the original Mr. Cranky,” Hellman said. “He knew his stuff, he was well connected, he was smart, arrogant, difficult to deal with and yet an incredible asset to D.C.”