Entrepreneur and Venture Capitalist Co

SAN MARINO, Calif., Aug. 16 /PRNewswire/ Edmund H. Shea, Jr., an entrepreneur and pioneering venture capital investor who led one of the nation’s top tunneling companies and co founded Shea Homes, one of the largest homebuilders in the country, died Aug. 13 at his San Marino home. He was 80. (Photo: (Photo: The cause of death was pulmonary fibrosis. During the 1960s, Mr. Shea pioneered venture investing and provided early stage capital for Hambrecht Quist, which became a prominent technology investment banking firm based in San Francisco. Over the next 40 years, Mr. Shea made early investments in hundreds of start up companies including Activision, Adobe, Altera Corporation, Brocade, Compaq Computer, Genentech, Affymax, America West Airlines, AES Corporation, and Peet’s Coffee Tea. a company that he funded in 2000, successfully completed its initial public offering on the New York Stock Exchange last month.

Trained as an engineer at the Massachusetts Institute of Technology, Mr. Shea did not fit the stereotype of a venture capitalist. He invested only his own and his family’s capital and so could be a particularly flexible and patient investor. He usually explored Silicon Valley solo, lugging a canvas bag stuffed with papers to meet entrepreneurs one on one and quiz them gently about their ideas and business plans. “Although Ed personally directed a very large venture capital investment portfolio, he did it without the usual cadre of MBA underlings,” said William Brody, President of the Salk Institute in La Jolla California, president emeritus of Johns Hopkins University and formerly CEO of Resonex, a venture startup. “He did his own due diligence and formed his own judgments.” Mr. Shea often said he “invested in people, before technology.” Bill Hambrecht, co founder of Hambrecht Quist noted: “He never ignored the human element in any decision, and was always willing to take a chance on people with character.”

Mr. Shea’s relationship with Robert A. Kotick, who engineered the turnaround of Activision, the electronic games company, typified his investing style. Although he appreciated Activision’s business plan, he was convinced Mr. Kotick and his partner Brian Kelly had the character and ability to make Activision successful. “When I called him on the phone the day of the closing, he called out to his assistant to pick up the phone, then he said, ‘I have to pick up the dry cleaning, then I need to go to the dog groomer and get the dog and, oh, can you wire Bobby Kotick a million and a half dollars,'” Mr. Kotick said. “I’m not sure I was even first on his list that day.” The investment was very successful, as Activision grew into an electronic games giant with a $13 billion market capitalization. remained close to both young entrepreneurs. was one of my mentors,” Mr. Kotick added.

Mr. Shea had a long relationship with Hambrecht Quist and served as a director until shortly before it was acquired by Chase Bank in 1998. Mr. Hambrecht said, “Ed was a great partner of mine in every sense of the word, for over 42 years. He listened with an open mind to almost any idea, but kept a sense of discipline and business judgment that so often became the ‘ballast’ in our decision process.” In 1958, together with his cousin John F. Shea and his brother Peter O. Shea, Mr. Shea formed J. Shea Co., Inc. as a successor to their family’s construction business, which their grandfather had begun in 1881 as a plumbing contractor in Portland. The predecessor Shea companies had principal roles in the construction of iconic American public works like the Hoover Dam and the Golden Gate and San Francisco Bay Bridges.

During the 1960s and 1970s Mr. Shea personally managed some of J. F. Metro systems. J. F. Shea Construction remains among the country’s premier underground contractors. active public works projects include two major subway jobs in New York City: the extension of the No. 7 line from Times Square to the Javits Center and the Second Avenue subway. Last year, it completed the last segment of Metropolitan Water District’s Inland Feeder Project, a tunnel through the San Bernardino mountains. During the late 1960s J. F. Shea began a homebuilding business that became Shea wholesale nhl jerseys Homes in 1974. Since its inception, Shea Homes has built and sold more than 85,000 homes in California, Arizona, Colorado, Washington, Nevada, and Florida. magazine in 2008 ranked Shea Homes as the largest for profit private homebuilder in the United States. The Shea family also owns and operates Shea Properties, which develops, owns and manages commercial real estate including shopping centers, apartments and office buildings in Colorado, Arizona and California. Edmund Hill Shea, Jr. was born August 15, 1929 in Portland, Oregon. In his early years, he lived in the San Francisco Bay Area where his father supervised the construction work on the piers for the Golden Gate Bridge. In 1935, his family returned to Los Angeles. graduated from Loyola High School in 1947. degree in Civil Engineering in 1952. He served in the United States Air Force for two years, which included a stint in electrical school. He later credited that experience for giving him the education he needed to appreciate the value of the integrated circuit and other technological innovations that he invested in beginning in the 1970s. Mr. Shea began work in the construction business in the early 1950s on several reservoir jobs in cheap jerseys from china Southern California in partnership with his cousin John. They moved on to the Hills Creek Diversion tunnel in Oregon and then to the Clear Creek Tunnel, a nine mile tunnel in Northern California that brought water from the Trinity River through mountains to the Whiskeytown Power Plant and reservoir. After the completion of the Clear Creek Tunnel, they began operating their generation’s version of J. wholesale nfl jerseys from china F. Shea Co., with his brother Peter Shea. He actively supported all levels of Catholic education from inner city Catholic elementary schools to the Jesuit School of Theology at Berkeley. insisted most of his philanthropy remain private since he subscribed to the view that gifts wouldn’t qualify as charity if anyone knew about them. He served on boards for Loyola Marymount University and Loyola High School, both in Los Angeles, the Santa Catalina School in Monterey, California and Mayfield Senior School in Pasadena.

In 2001, the UC Irvine Graduate School of Management awarded its Lifetime Achievement Award to Mr. Shea, his brother, and his cousin for “their strong business ethics, leadership, and long term contributions to the construction, real estate, and property management industries.” In 2003, Loyola High School awarded him its Cahalan Award for his outstanding achievements and for remaining true to the Ignatian ideals.

Mr. Shea is survived by his brothers Peter of Newport Beach, and Henry of Stockton, CA and by his sisters Margaret Deneher of Newport Beach, and Mary Elizabeth Callaghan of Los Angeles, by Mary Shea, his wife of 52 years; by six children: Colleen Morrissey of Pacific Palisades; Edmund H. Shea III of Charlotte, NC; Mary McConnell of Pasadena; Kathleen High of San Marino; Timothy T. Shea of Santa Barbara; Ellen Dietrick of Newport Beach; and by 14 grandchildren. His daughter Maureen wholesale jerseys china predeceased him in 1985. at St. Andrew’s Church, 311 N. Raymond, Pasadena. Andrew’s Church, followed by a reception.Articles Connexes:

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Everything was much better than any company I’ve encountered so far. I’ve been doing a lot of work on my home and everyone I have used except for ProHome Services has been varying degrees of incompetence. ProHome has been the nicest, most pleasant, and most informative people that have worked on my home yet. This was a pleasure. Everything was better than I would have expected from anybody doing a job for me.

Joan Golobay – Sharon

ProHome Services is, by far, the most professional, honest + detail oriented company with whom I have ever dealt. From the initial meeting to the end of the project, ProHome made sure all aspects of the job were accomplished. Everything was put in writing so there was never a question as to their responsibility. The workmen were highly skilled and arrived at 7:30 every morning and didn’t leave until after dark. The property was always left in immaculate condition. If it was ever necessary to contact ProHome, my calls were always promptly returned. I would not hesitate to recommend ProHome for any project + will definitely use them again. Thank you Pro Home Services!

Karen Parker – Framingham

They were fabulous. I was satisfied with everything, especially their overall quality. I’d like to recognize Eric, Brad and Lo for their exceptional service.

Ahnie Mondolfi – Waltham

ProHome is world class. It was a pleasure dealing with people who want to please customers. They offered solutions to problems they ran into and communication was great throughout the project. It is hard to believe that I don’t have a single criticism, but I couldn’t have more pleased and highly recommend Prohome services for any job!

ProHome was the most polite, respectful & responsive contractor I have ever used. The job site was always kept immaculate, including preparing for hurricane Sandy, when ProHome returned during the storm to ensure everything was tight. The staff was awesome to deal with and very respectable at all times. The workmanship was excellent and they honored every discussion (very rare). Pro Home exceed all my expectations and has already earned the the highest compliment (referral to family).

Stephen DiNisco – Newton

I can’t say enough about this company! They did everything they said they would and more! They are hard-working, skilled, and very professional. All the little things that are in the back of your head? They took care of those too, every single one! Most of all, I love the results! My house used to be a sad sight and now it looks fantastic – it’s like have a NEW HOUSE!

Mary Motew – Bolton

We are very happy with the way that our home looks from before. We have received many compliments from our neighbors and friends. We cannot thank ProHome Services enough for the great work that they accomplished. Work was completed in the amount of time that was said, in a neatly manner.

Words cannot express our gratitude to ProHome Services for the diligence of their workers.

John Pacheco – Stoneham

The crew did a great job. Any problems along the way were quickly resolved to our satisfaction. The project did take a bit more time than expected, but it was due to the weather and not the crew. They even worked in the rain on several days and put in long hours on others. They called me several times to do an inspection as they progressed. I would recommend ProHome to anyone needing their services.

Michael Isabella – Worcester

We appreciate your professionalism and especially your follow through on reimbursing us for the damaged tire.

Michael Maholchic – Milton

Good job overall. Very courteous and responsive to questions or issues.

Fred Conrad – Sherborn

Our experience with ProHome Services was such a positive one when our roof was replaced, that we called them back to replace our vinyl siding with HardiPlank. We cannot say enough positive things about our experience. We have lived in 13 homes around the country and have worked with many companies on various projects inside and outside on previous homes. ProHome Services is by far in the top 2 of companies we have worked with over the past 36 years. Eric and his father run a company they can be proud of.

Patty Griesemer – Needham

Team Joelcio (Edwin and Vagner) rock. They all took great care of us + our concerns plus made our house look 100% better. Don’t get me started on Osvaldo! I’d adopt him in a New York second! The best.

Lisa Ceremsak – Cambridge

Eric and the crew did an amazing job on our 80 year old Dutch Colonial. Very meticulous in the paint and carpentry skills. Very friendly with a great eye for detail. EXTREMELY HAPPY

Kevin & Mini Simpson – Jamaica Plain

Eric provided us with a timely quote that met our needs and his staff was able to start quickly after we agreed to the work. They worked diligent to get the job done. They came up with a good approach to our gutter installation problem. We hope to use them for more work in the future.

Peter Jones and Julie Flaherty – Lexington

My house needed a major overdue, outside shingles were really faded. I called Pro Home. Eric came to the house and suggested the Hardie Siding. My house looks like new, they replaced a lot of rotted wood  they are very thorough. I love my house they did such a great job, they showed up each day and I never had to call, which is an important element to construction. Great Company!!

Jill Lavash – Hopedale

I was very satisfied with the work on our house. They scheduled us and completed the job in a timely manner. They cleaned up the job site each day and minimized disruptions; I am very satisfied with the workmanship as well. ProHome was reliable and a good value. I would use them again for other jobs.

Robert D. McArthur – Framingham

Pro Home did a fantastic job. Eric was very clear through the estimating process. Changing orders were minimal and we had no disagreements. The work was very professional. The job site was kept neat and safe. The workers were courteous; they worked consistently and with superb focus. Communication and organization were superior. Eric was very responsive and accessible. My wife is extremely pleased with the results; I give this contractor my highest recommendation.

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Bob and Lynn Murray – Dover

Fast, courteous. Great job!

Tea Forte – Concord

Thanks so much!!

Dustin Janson & Windy Black – Cambridge

The PRO word really matches them well. They do well on their job, never compromise with the weather. Very precise to make your house presentable. TWO THUMBS UP!!!

Ali & Tonette Jalinous – Burlington

Eric and his crew we hired to paint 3 rooms in our new house. We needed the work done quickly and Eric didn’t hesitate to say yes I can do that. The 2 bedrooms had old wallpaper that needed to come down and even with heat he was able to complete the job in time. In fact, we were so pleased with the results; we had Eric paint the bathroom as well.

Francesca Infantine – Brookline

Despite the surprise heavy rainstorm, the crew worked hard into the evening to complete the job in one day. They were very courteous, and did an incredible job cleaning up once the job was done. THANK YOU!

Megan Markov & Nathaniel Higgs – Brighton

ProHome , Is by far the nicest, most professional crew I’ve ever worked with on our rental property. We are thrilled with the finished product, the work was so good we kept adding more projects, wed get one project done and then other parts of the house would look bad in comparison so then we had to do those jobs. We kept getting fair and good quotes so we kept going. Our house looks amazing Thank you Eric, Claiton and all the others.

Julie Matheson – Somerville

I have respect for the work ethic and skills of the tradesman and management. The quality of work and precision cuts was very good. Eric was good to work with and very responsive, I was really impressed when the supervisor and trades worked in a rain storm to re-frame the front bay window after unexpectedly finding internal frame damage. Please don’t hesitate to contact me for help as a reference.

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Craig and Holly Lauer – Bolton

From the start we could tell, Eric and the ProHome experience would be a great one. It was a pleasure getting to know the crew and working with Eric. When we first met Eric it was a very hot and sunny day yet he stayed and answered all our questions and documented all we spoke of. A very thorough process, rightfully so as we were expending a large but tight budget for the job. The crew was great. They were always courteous and professional. When additional water damage was identified it was priced and fixed quickly putting us back on track in one days time. Even the small details were talked about first then fixed perfectly to our satisfaction. Linda and I are very happy with ProHome and would highly recommend anyone needing their expert services.

Scott & Linda Davidge – Blackstone