Mark Ein
{{Short description|American businessman (born 1964)}}
{{Use mdy dates|date=January 2025}}
{{Infobox person
| name = Mark Ein
| image = Mark Ein (2024 DC Open) 01.jpg
| alt =
| caption = Ein at the 2024 DC Open
| birth_date = {{birth date and age|1964|12|31}}
| birth_place = Chevy Chase, Maryland, U.S.
| birth_name = Mark David Ein
| education = {{ubl|University of Pennsylvania (BS)|Harvard University (MBA)}}
| occupation = {{hlist|Venture capitalist|sports entrepreneur}}
| organizations = {{ubl|Federal City Council|World Economic Forum|Gridiron Club|President's Export Council}}
| title = {{ubl|Owner|Washington Kastles (WTT)|Washington City Paper|CEO|Venturehouse Group|Capitol Investment|DC Open|Limited partner|Washington Commanders (NFL)}}
| boards = {{ubl|Kastle Systems|United States Tennis Association (USTA)}}
| spouse = {{marriage|Sally Stiebel|2013}}
| children =
| awards = {{ubl|Key to D.C.|Mid-Atlantic Tennis Hall of Fame|Outstanding Public Service in Professional Sports|Washington Business Hall of Fame}}
}}
Mark David Ein (born December 31, 1964) is an American venture capitalist and sports entrepreneur. He owns the Washington City Paper and is a limited partner of the Washington Commanders of the National Football League (NFL). Ein earned a degree in economics from the Wharton School at the University of Pennsylvania in 1987 and an MBA from Harvard Business School (HBS) in 1992.
An enthusiast of tennis, he founded the World TeamTennis (WTT) team Washington Kastles in 2008 and has chaired the DC Open tournament since 2019. Ein also serves as chairman of the President's Export Council and is a member of the Federal City Council, World Economic Forum, and Gridiron Club.
Early life
Ein was born on December 31, 1964, in Chevy Chase, Maryland.{{cite web |author1=Politico Staff |date=December 31, 2018 |title=BIRTHDAY OF THE DAY: Mark Ein, founder and CEO of Capitol Investment Corp and Venturehouse Group |url=https://www.politico.com/story/2018/12/31/playbook-birthday-mark-ein-1077176 |access-date=July 23, 2023 |website=Politico}}{{cite web |title=Mark Ein ATP Tour profile |url=https://www.atptour.com/en/players/mark-ein/e797/bio |access-date=July 23, 2023 |website=ATP Tour}}{{cite news |last=Elfin |first=David |date=July 6, 2015 |title=Q&A with the Owners of the Philadelphia 76ers, New Jersey Devils and Washington Kastles |url=https://moco360.media/2015/07/06/bethesda-interview-josh-harris-mark-ein/ |url-status=live |archive-url=https://web.archive.org/web/20230322212422/https://moco360.media/2015/07/06/bethesda-interview-josh-harris-mark-ein/ |archive-date=March 22, 2023 |access-date=March 22, 2023 |website=MoCo360}} He earned a degree in economics from the Wharton School in 1987 and an MBA from Harvard Business School in 1992. Ein is a member of the Phi Delta Theta fraternity. {{cite web |title=Dinner and Discussion w/Mark Ein |url=https://hcdc.clubs.harvard.edu/article.html?aid=422 |access-date=July 23, 2023 |website=Harvard Club of Washington DC}}
Career
Ein worked for The Carlyle Group, Brentwood Associates, and Goldman Sachs before founding Venturehouse Group in 1999.{{cite web |title=Mark Ein - Chairman |url=https://www.kastle.com/leadership/mark-d-ein/ |website=kastle.com |access-date=July 23, 2023}}{{cite web |last1=Kangarloo |first1=Kasra |title=The many lives of Mark Ein (Video) |url=https://www.bizjournals.com/washington/print-edition/2015/07/24/the-many-lives-of-mark-ein.html |website=American City Business Journals |publisher=Washington Business Journal |access-date=July 30, 2023}} A lifelong enthusiast of tennis, Ein founded the Washington Kastles of World TeamTennis (WTT) in 2008 and is a board member of the United States Tennis Association (USTA). He earned an ATP ranking of 1098 at age 46 after playing in a few ATP doubles tennis tournaments.{{cite web |last1=Lynn |first1=Carter |title=Wharton grad Mark Ein continues to make impact in D.C. sports world |url=https://www.thedp.com/article/2021/02/mark-ein-dc-sports-penn-washington-justice |website=The Daily Pennsylvanian |access-date=July 27, 2023}} Ein bought the Washington City Paper in 2017 and became chairman and CEO of the DC Open tennis tournament in 2019.{{cite news |last1=Gregg |first1=Aaron |title=Local businessman Mark Ein to buy Washington City Paper for undisclosed sum |url=https://www.washingtonpost.com/news/capital-business/wp/2017/12/21/local-businessman-mark-ein-to-buy-washington-city-paper-for-undisclosed-sum/ |newspaper=The Washington Post |access-date=July 23, 2023}}{{cite web |title=Citi Open Spotlight with Mark Ein |url=https://www.usta.com/en/home/stay-current/midatlantic/citi-open-spotlight-with-mark-ein.html |website=usta.com |access-date=July 23, 2023}} He is the chairman of the board for Kastle Systems, a security company, and CEO of Capitol Investment Corp. Ein founded the Washington Justice of the esports Overwatch League in 2018.{{Cite web|url=http://www.espn.com/esports/story/_/id/24579713/sources-overwatch-league-add-dc-hangzhou-china-teams|title=Sources: Overwatch League to add D.C. and Hangzhou, China, teams|last=Wolf|first=Jacob|date=September 4, 2018|website=ESPN|access-date=December 3, 2018}} Ein became a Washington Business Hall of Fame laureate in 2018.{{cite web |last1=Milk |first1=Leslie |date=November 19, 2018 |title=Here Are the Washington Business Hall of Fame Laureates for 2018 |url=https://www.washingtonian.com/2018/11/19/here-are-the-washington-business-hall-of-fame-laureates-for-2018/ |access-date=August 7, 2023 |website=Washingtonian}}
In 2023, president Joe Biden appointed Ein to chair the President's Export Council, a group within the International Trade Administration that serves as a national trade advisory committee.{{cite web |title=President Biden Announces Key Appointments to Boards and Commissions |url=https://bidenwhitehouse.archives.gov/briefing-room/statements-releases/2023/02/28/president-biden-announces-key-appointments-to-boards-and-commissions-18/ |website=The White House |date=February 28, 2023 |access-date=July 23, 2023}} He is also a member of the Federal City Council, World Economic Forum, and the Gridiron Club.{{cite news |title=Current Members |url=https://www.federalcitycouncil.org/about-us/membership/current-members/ |access-date=August 7, 2023 |website=Federal City Council}} The same year, he was a part of an investment group led by Josh Harris that bought the Washington Commanders of the National Football League (NFL) for $6.05 billion.{{cite news |last1=Maske |first1=Mark |last2=Jhabvala |first2=Nicki |title=NFL owners approve sale of Commanders from Daniel Snyder to Josh Harris |url=https://www.washingtonpost.com/sports/2023/07/20/washington-commanders-sale/ |newspaper=The Washington Post |access-date=July 21, 2023 |date=July 20, 2023}}{{cite press release |author= |title=Josh Harris Announces Acquisition of Washington Commanders |url=https://www.commanders.com/news/josh-harris-announces-acquisition-of-washington-commanders |location= |publisher=Washington Commanders |agency= |date=July 21, 2023 |access-date=July 21, 2023}}{{cite news |last1=Jhabvala |first1=Nicki |title=The Commanders sale was so complicated, it was 'like 20 deals in one' |url=https://www.washingtonpost.com/sports/2023/07/20/josh-harris-rales-commanders-owners/ |newspaper=The Washington Post |access-date=July 23, 2023 |date=July 20, 2023}} He and Harris have been close friends since elementary school; they attended Wharton and Harvard Business School together and shared beach houses during their time on Wall Street.{{cite news |last1=Jhabvala |first1=Nicki |date=July 23, 2023 |title=How Josh Harris's Washington roots inspired him to buy the Commanders |url=https://www.washingtonpost.com/sports/2023/07/23/josh-harris-commanders-owner/ |access-date=July 23, 2023 |newspaper=The Washington Post}}
| class="wikitable sortable" width="auto"
|+ Notable properties owned ! scope="col"|Team ! scope="col"|Notes |
| scope=rowgroup | Washington Kastles
| World TeamTennis team |
|---|
| scope=rowgroup | Washington City Paper |
| scope=rowgroup | Washington Justice
| Overwatch League team; league folded in 2023 |
| scope=rowgroup | DC Open
| Tennis tournament; chairman and CEO |
| scope=rowgroup | Washington Commanders
| National Football League team; limited partner |
Personal life
File:Commanders Harvest Feast (53347709034).jpg at a Washington Commanders charity event for Thanksgiving, 2023]]
Ein is Jewish; his mother is a Holocaust survivor.{{cite news |last1=Schwartzman |first1=Paul |date=January 30, 2018 |title=A tennis team, mansions and now an alt-newsweekly: A tycoon's new project |url=https://www.washingtonpost.com/local/dc-politics/a-tennis-team-mansions-and-now-an-alt-newsweekly-a-tycoons-new-project/2018/01/29/e315e944-feff-11e7-9d31-d72cf78dbeee_story.html |access-date=July 23, 2023 |newspaper=The Washington Post}} He was an executive producer of the 2008 documentary film Kicking It. In 2001, he purchased the home of Katharine Graham in the Georgetown district of Washington, D.C. for $8 million following her death. He never resided in it and put up for sale in 2024.{{Cite news |last=Williamson |first=Elizabeth |date=July 23, 2024 |title=Why Katharine Graham's Washington Home Has Sat Vacant for 22 Years |url=https://www.nytimes.com/2024/07/23/us/politics/katharine-graham-house-georgetown.html |access-date=July 25, 2024 |work=The New York Times |language=en-US |issn=0362-4331}}
Ein married Sally Stiebel in September 2013.{{cite news |title=Mark Ein weds Sally Stiebel: An A-list bachelor finally finds his bride |url=https://www.washingtonpost.com/news/reliable-source/wp/2013/09/22/mark-ein-weds-sally-stiebel-the-a-list-bachelor-finally-finds-his-bride/ |newspaper=The Washington Post |date=September 22, 2013}} The wedding included a live performance of Y.M.C.A. by the Village People and was attended by over 350 guests, including Mark Warner, Ted Leonsis, Raul Fernandez, Vernon Jordan, Valerie Jarrett, Debra Lee, Gene Sperling, Larry Summers, David Bradley, Adrian Fenty, Jack Evans, Murphy Jensen, Sam Kass, Capricia Marshall, and Mitchell Rales. They spent their honeymoon at Lake Como in Italy and reside in Georgetown.
In 2009, D.C. mayor Adrian Fenty presented Ein with the key to the city for his success with the Washington Kastles.{{cite web |last1=Bland |first1=Jacque |date=August 26, 2009 |title=Key-sponsored team given key to the city |url=https://www.washingtonexaminer.com/key-sponsored-team-given-key-to-the-city |access-date=July 23, 2023 |website=Washington Examiner}} He was inducted into the USTA Mid-Atlantic Tennis Hall of Fame in 2012 and received the "Outstanding Public Service in Professional Sports" award by the Jefferson Awards Foundation in 2013.{{cite web |title=Usta Mid-Atlantic Award Winners |url=https://www.usta.com/en/home/about-usta/usta-awards/midatlantic/USTA-Mid-Atlantic-Award-Winners.html |access-date=July 30, 2023 |website=United States Tennis Association}}{{cite web |date=June 19, 2013 |title=Jefferson Awards Announces Strategic Alliance with the NFL Player Engagement, Charles Fazzino and IvyConnect, While Celebrating 41 Years of Honoring Service to Others |url=https://www.prweb.com/releases/2013/6/prweb10849501.htm |archive-url=https://web.archive.org/web/20130626005344/http://www.prweb.com/releases/2013/6/prweb10849501.htm |url-status=dead |archive-date=June 26, 2013 |access-date=July 23, 2023 |website=PRWeb |publisher=Jefferson Awards Foundation}}
References
{{Reflist}}
External links
{{commons category}}
- {{Twitter|Markein}}
- {{URL|https://venturehousegroup.com/mark-d-ein/|Venturehouse Group profile}}
- {{URL|https://www.dcpolicycenter.org/people/mark-ein/|D.C. Policy Center profile}}
{{Washington Commanders}}
{{Washington Justice}}
{{Jefferson Award Winners}}
{{Authority control}}
{{Portal bar|American football|Biography|Business|Tennis|Washington, D.C.|border=n}}
{{DEFAULTSORT:Ein, Mark}}
Category:20th-century American businesspeople
Category:20th-century American Jews
Category:20th-century American sportsmen
Category:21st-century American businesspeople
Category:21st-century American Jews
Category:21st-century American philanthropists
Category:21st-century American sportsmen
Category:American business executives
Category:American chairpersons of corporations
Category:American chief executives of professional sports organizations
Category:American company founders
Category:American financial company founders
Category:American male tennis players
Category:American newspaper executives
Category:American sports executives and administrators
Category:American venture capitalists
Category:Businesspeople from Washington, D.C.
Category:The Carlyle Group people
Category:Harvard Business School alumni
Category:Jewish American sports executives and administrators
Category:Jewish American tennis players
Category:Jews from Washington, D.C.
Category:People from Chevy Chase, Maryland
Category:Philanthropists from Washington, D.C.
Category:Tennis players from Washington, D.C.
Category:Washington Commanders owners