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Mark Stevens (venture capitalist)

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Mark Stevens
Stevens in 2017
Born
Mark Anthony Stevens

(1960-02-17) February 17, 1960 (age 65)
Los Angeles County, California, U.S.
NationalityAmerican
Alma materUniversity of Southern California (BA, BS, MS)
Harvard University (MBA)
OccupationVenture capitalist
Known forPartner, Sequoia Capital
Board member ofNvidia
Spouse
Mary Virginia Mathews
​
​
(m. 1993)​
Children3

Mark Anthony Stevens[1][2] (born February 17, 1960) is an American billionaire venture capitalist, and a partner at S-Cubed Capital in Menlo Park, California. He was previously with Intel and Sequoia Capital.[3] He is on the board of Nvidia,[4] and a part owner of the Golden State Warriors of the National Basketball Association.

Early life and education

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Stevens was born in Los Angeles County, California to Richard Stevens, a U.S. Navy veteran and an environmental test engineer at Hughes Aircraft Company, and Italian American[5] Carmela Larocca, a former Administrative assistant at Hughes Aircraft Company. Stevens has a sister.[6][7] He grew up in Culver City, California, and graduated from Culver City High School.[8] He earned a Bachelor of Science in Electrical Engineering and Bachelor of Arts in Economics, both in 1981, and a Master of Science degree in Computer engineering in 1984, from the University of Southern California.[9] He earned an MBA from Harvard Business School in 1989. During his time at USC, Stevens was a member of the Phi Kappa Psi fraternity.[10]

Career

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Stevens joined Intel in 1982, then a mid-sized company about to capitalize on the PC boom. He joined as a technical salesperson and worked in a variety of marketing and sales roles while also earning his master's degree in computer engineering from USC.[8][11] He left in 1987 to pursue an MBA at Harvard Business School.[11]

In 1989, Stevens became a partner at Sequoia Capital and began to concentrate on semiconductor, software, and systems-related investments. Over the years, he became a rising star on Forbes magazine's Midas List of top 100 venture capitalists, climbing as high as 10th place. He served as a director of at least 12 companies during this time.[12]

Stevens was previously one of the five voting partners at Sequoia Capital who were jointly responsible for some of the high-tech industry's most successful investments: Google, Yahoo!, Nvidia, YouTube, and others. He is the founder and a partner of S-Cubed capital.[13]

Philanthropy

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In 2004, Stevens and his wife Mary donated $22 million to the University of Southern California and to help found the USC Stevens Institute for Technology Commercialization to advance engineering within the USC Viterbi School of Engineering. It was later renamed USC Stevens Center for Innovation, having expanded its scope to include other disciplines.[citation needed]

In 2015, Stevens and his wife donated $50 million to endow and name the USC Mark and Mary Stevens Neuroimaging and Informatics Institute.[14][15] The institute's goal is to enhance knowledge of brain science through the application of imaging and information technologies. In 2017, the institute received FDA clearance for clinical use of the first seven-Tesla MRI scanner in North America.[16] In 2019, the institute, along with the Michael J. Fox Foundation for Parkinson's Research, announced the addition of more than 108 terabytes of RNA sequencing data to its open access portal associated with the Parkinson's Progression Markers Initiative.[17]

Stevens is a member of the USC Viterbi School of Engineering Board of Councilors[18] and, since 2001, the USC Board of Trustees.[19] He previously served on the board of trustees of the Menlo School in Menlo Park, California.[20]

Mark and his wife Mary Stevens are also signatories of The Giving Pledge (their pledge page) which was started by Warren Buffet and Bill Gates. They note on their own charitable website that they are just getting started with their giving.

Golden State Warriors

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Stevens became an investor in the Golden State Warriors of the NBA in 2013 by purchasing shares formerly held by Vivek Ranadive.[21][22] He was ejected from Oracle Arena during Game 3 of the 2019 NBA Finals, after an altercation with Kyle Lowry of the Toronto Raptors.[23][24][25] The Warriors, as well as the league, eventually banned Stevens for a year from all games, arenas, and team activities. He was also fined $500,000 for the incident.[26][27] Stevens reached out to Lowry and attempted to directly apologize to him along with other members of the Raptors and Warriors organizations and he expressed gratitude to those who accepted his calls.[28] A 2016 New York Times analysis of the team's value suggested it had more than doubled from Stevens’ 2013 investment.[29]

Personal life

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Stevens is married to Mary Virginia Mathews. The couple have 3 children together, and currently reside in Atherton, California.[2][9][30]

See also

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References

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  1. ^ "Venture Capitalist Gives $22-Million Gift to USC". Los Angeles Times. Los Angeles, California. November 13, 2004. p. B4 – via Newspapers.com.{{cite news}}: CS1 maint: url-status (link)
  2. ^ a b "Mathews/Stevens". The Oregonian. Portland, Oregon. January 2, 1993. p. C12 – via Newspapers.com.{{cite news}}: CS1 maint: url-status (link)
  3. ^ Stein, Marc (June 6, 2019). "Warriors Minority Owner Barred for a Year After Shoving Toronto's Kyle Lowry". The New York Times. Retrieved October 7, 2019.
  4. ^ "Forbes profile: Mark Stevens". Forbes. Retrieved 2 March 2020.
  5. ^ "Stefano Larocca". Venice Vanguard. Vol. 36, no. 140. Venice, California. November 23, 1959. p. 2 – via California Digital Newspaper Collection.{{cite news}}: CS1 maint: url-status (link)
  6. ^ "Carmela Stevens Obituary (2011) - Atherton, CA - Los Angeles Times". Legacy.com. Retrieved 2025-05-19.
  7. ^ "Stevens Richard Obituary (1928 - 2020) - Los Angeles, CA - Los Angeles Times". Legacy.com. Retrieved 2025-05-19.
  8. ^ a b Di Rado, Alicia (4 December 2017). "Mark Stevens' Trojan Success Story - USC Trojan Family Magazine".{{cite web}}: CS1 maint: url-status (link)
  9. ^ a b Amobi, Chinyere (2024-06-05). "Venture capitalist Mark Stevens returns to USC Board of Trustees". USC Today. University of Southern California. Retrieved 2025-05-19.{{cite web}}: CS1 maint: url-status (link)
  10. ^ "National Leadership Award". 16 April 2019.
  11. ^ a b "Interview with Mark Stevens, General Partner, Sequoia Capital". socalTECH (whch owns "socaltech.com". March 30, 2007. Archived from the original on March 26, 2014. Retrieved October 7, 2019.
  12. ^ "Mark Stevens".
  13. ^ "S:Cubed Capital |". Scubedcap.com. Retrieved 2015-10-15.
  14. ^ "$50 million gift names the USC Mark and Mary Stevens Neuroimaging and Informatics Institute | USC News". News.usc.edu. 25 March 2015. Retrieved 2015-10-15.
  15. ^ "Atherton couple donates $50M to USC brain research project". 25 March 2015.
  16. ^ "Ultra-high-field brain scanner receives FDA approval for clinical use". Los Angeles, California: University of Southern California's Health Sciences (which owns "hscnews.usc.edu"). 30 October 2018.{{cite web}}: CS1 maint: url-status (link)
  17. ^ "Parkinson's database gets massive dose of RNA".
  18. ^ "Leadership". USC Viterbi | School of Engineering. Retrieved 2019-05-23.
  19. ^ "Trustees | Board of Trustees | USC". boardoftrustees.usc.edu. Retrieved 2019-05-23.
  20. ^ "Menlo School". 26 August 2020.
  21. ^ "Mark Stevens Joins Golden State Warriors Ownership Group". NBA.com.
  22. ^ "Report: Golden State Warriors' value has grown to $800 million". 18 August 2013.
  23. ^ Feiner, Lauren (2019-06-06). "Tech investor and part Warriors owner Mark Stevens was the person who shoved Raptors' Kyle Lowry". CNBC. Retrieved 2019-06-06.
  24. ^ Rapp, Timothy. "LeBron James Calls out Warriors Part-Owner Mark Stevens for Kyle Lowry Push". Bleacher Report. Retrieved 2019-06-06.
  25. ^ Stein, Marc (2019-06-06). "Warriors Minority Owner Barred for Shoving Toronto's Kyle Lowry". The New York Times. ISSN 0362-4331. Retrieved 2019-06-06.
  26. ^ Charania, Shams (2019-06-06). "The NBA and Warriors have banned Warriors investor Mark Stevens from NBA games for one year and fined him $500,000 for altercation with Raptors All-Star Kyle Lowry". @ShamsCharania. Archived from the original on June 7, 2019. Retrieved 2019-06-07.
  27. ^ Shelburne, Ramona (2019-06-06). "The NBA AND the Warriors have banned Mark Stevens for 1 year & fined him $500k for shoving Kyle Lowry last night.pic.twitter.com/Csqwi2Lb7Q". @ramonashelburne. Archived from the original on June 7, 2019. Retrieved 2019-06-07.
  28. ^ "Owner apologizes".
  29. ^ Schoenfeld, Bruce (March 30, 2016). "What Happened When Venture Capitalists Took Over the Golden State Warriors". The New York Times. Retrieved October 7, 2019.
  30. ^ Wood, Barbara (March 26, 2015). "Atherton couple's $50 million donation is part of pledge to give away half their wealth". The Almanac (Menlo Park). Menlo Park, California.{{cite news}}: CS1 maint: url-status (link)
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