MARKS, Arthur of Potomac, MD passed away peacefully at his home on January 15th. He was born in Detroit, MI on October 1, 1944. Art is survived by his wife of 25 years, Nancy Casey and his children, Joshua, Michael, Samantha and Spencer.
He was the caring brother of Gene, David (Camille) and Irene (Graham Bass), a beloved son of the late Theodore and Rose B. Marks. Art received a Masters of Business Administration with high distinction (Baker Scholar) from the Harvard University Graduate School of Business, attended Stanford Law School and completed a Bachelor of Science in Industrial Engineering from the University of Michigan. Art began his career at Baxter Labs working in marketing, sales and finance before joining General Electric (GE).
Art was General Manager of the GE X-ray business where he formed a multi-billion dollar joint venture with Yokogawa. Art was Senior Vice President and President of Software Products Operations at GE Information Services. Art joined New Enterprise Associates (NEA) as a General Partner where he was responsible for developing NEA’s technology practice and involved in over 60 portfolio companies.
In 2000, Art founded Valhalla Partners as Managing General Partner. Art practiced venture capital for 35 years. He regarded entrepreneurs as modern-day heroes.
Art mentored and developed management teams. He was legendary for being both a great listener and a strategic thinker, turning problems on their head and finding solutions to challenges. Art served on numerous corporate boards and volunteered his time to many educational institutions, serving on the boards of University of Michigan Engineering School, Harvard Business School Board of Advisors, Stanford Law School and Venture Philanthropy Partners.
Art was the Chairman of the Mid-Atlantic Venture Association. Art had numerous passions including, fly fishing, photography, sailing, military history and gardening. He transformed his home into a paradise for birds, bees, butterflies and people.
Family was of great importance to him. A memorial service will be held at 11:00am on Friday, January 18th at his home in Potomac MD. Funeral services will be handled by Sagel Bloomfield Danzansky Goldberg Funeral Care.
The burial will be held at Garden of Remembrance in Clarksburg, MD. His family is sitting Shiva from 3:00pm until sunset. In lieu of flowers, the family asks that you make a donation to Project Healing Waters Fly Fishing.
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