Last week, several Phoenix-area news outlets reported that former San Francisco Giants pitcher Tim Lincecum sold his Paradise Valley mansion. But who actually bought the home of the two-time Cy Young winner?
None other than Phoenix-area tech entrepreneur and startup investor Mario Martinez II, who purchased the home with $3 million in cash.
The Startup AZ Foundation co-founder and board chairman, Mrtnz Ventures managing director and #yesphx startup movement co-creator has done well for himself after selling his Chandler-based sales and marketing tech company 360 Vantage LLC in 2013 when he was just 30 years old.
Martinez sold his 100-employee company to IMS Health Inc. of Danbury, Connecticut, for an undisclosed price.
Martinez and his wife, Kelly, recently bought the 11,000-square-foot mansion, which features an indoor sports court with retractable batting cage, an indoor waterfall, home theater and floor-to-ceiling views of Camelback Mountain.
With a big emphasis on helping the local startup community, Martinez has committed 1 percent of his venture portfolio to the Startup AZ Foundation, while encouraging other companies to follow suit.
StartupAZ Foundation, a component fund of the nonprofit Arizona Community Foundation, is a new startup nonprofit foundation that began in February that aims to support the local ecosystem and get other companies to commit to helping out as well. Martinez is the seed funder for the foundation.
Pledge 1% is a corporate philanthropy movement dedicated to making the community a key stakeholder in every business, and StartupAZ Foundation is bringing this movement to Phoenix’s startup scene.
“I’ve made a lot of sacrifices along the way, but you can’t give up,” said Martinez, who is married to his high school sweetheart and has two children. “Success is not free. You have to recognize it takes a lot of work and effort.”
As the Invest Southwest chairman who organized the third annual Venture Madness startup competition in February, Martinez put up $100,000 of his own money to invest in the final four companies. NuvOX Pharma, a Tucson biotech company, beat out 63 startups to win the early-stage business competition in Scottsdale.
Martinez has also invested in several other local companies, including ClearVoice Inc., the Phoenix-based content marketing software startup, which raised $1.2 million in its seed round in February; and ReplyBuy, a Scottsdale startup that allows event-goers to buy tickets with a text message, which closed on an additional $2 million in its seed round in October.
“I enjoy spending time to help startups unlock their growth,” Martinez said in an October Startup Grind Phoenix talk. “I’m sticking with what I know.”
He also sits on the boards of ReplyBuy, Pinnacle Transplant Technologies, the Arizona Hispanic Chamber of Commerce and Narrable.
Besides his work with #yesphx, Martinez is also a part of the Team AZ business collaboration group.