Frederick J. Beste III
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Fred Beste's very special heart finally stopped beating on Saturday, December 8, 2018, at the amazing age of 72. Fred was the oldest child of the late Janice (Grander) and Frederick J. Beste, Jr. of Baltimore, Md. He is survived by his wife Polly of Bushkill Twp., daughter Megan Beste (Mark Hartney), grandchildren Ellen Baker Hartney and Taggart Frederick Hartney, all of Bethlehem, and daughter Lauren W. Beste of Bushkill Twp. He is also survived by a brother, Ronald Beste (Sally), and two sisters, Janice Pritchard (Jim) and Deborah Mansfield (Tom), and many nieces and nephews, all of the Baltimore, Md., area. Fred received his B.A. in Economics from Stetson University in 1968, where he was a member of Sigma Phi Epsilon, and he spent his entire career in the venture capital industry, beginning with Greater Washington Investors, Inc., a publicly held venture capital firm, where he was Vice-President and Treasurer, in Washington, D.C. In 1975 he joined Kentucky Highlands Investment Corporation, a private venture capital development firm, in London, Ky., where he was Vice-President and, ultimately, President and Chief Executive Officer. He joined Mid-Atlantic Venture Funds in Bethlehem, Pa., in 1984 as the founding President and Chief Executive Officer of its total of five early stage venture funds. Since 2008, he also served as Partner Emeritus/shareholder of the general partner of Originate Ventures, a Bethlehem-based venture fund targeted at investing in early-stage technology companies, primarily in Pennsylvania. During the course of his career, Fred served on the boards of directors of countless operating companies and advised and worked with literally thousands of entrepreneurs and aspiring entrepreneurs. He was widely published on the subjects of venture capital and entrepreneurship, and did extensive public speaking on both subjects as well. He was the Chairman of the 1994 Mid-Atlantic Venture Fair, and was the recipient of the Greater Philadelphia Venture Group's 1995 Blair Thompson Memorial Award for career achievement in venture capital, and Early Stage East's inaugural (2001) Sal Buccieri Memorial Venture Impact Award for early-stage venture capital investment achievement. From 2000-2009, Fred served as a courtesy professor in the MBA program at Cornell University, where he taught a second-year MBA class, Case Studies in Entrepreneurial Finance. He also guest lectured frequently in the College of Business and Economics at Lehigh University, and was appointed to serve on Pennsylvania's Ben Franklin Technology Development Authority Board. Fred was a 30-plus-year board member and immediate past Chairman of Ben Franklin Technology Partners NEPA, Bethlehem; was Chairman of the Board of Hawk Mountain Sanctuary, Kempton, Pa.; and was a member of Saucon Valley Country Club. He had an unquenchable thirst for knowledge, and loved sharing what he learned with friends near and far through his 25-plus-year hobby, his Select Literate Friends' Annual Anthology. Fred was an inveterate mentor, gardener, reader, communicator and storyteller, and a dear, loyal friend. A memorial service will be held on Tuesday, December 18 at 2 p.m. at First Presbyterian Church of Bethlehem, 2344 Center St., Bethlehem, Pa. 18017. Arrangements have been entrusted to the Joseph F. Reichel Funeral Home Inc., of Nazareth. Fred's family requests that memorial donations be made to CACLV (Community Action Committee of the Lehigh Valley), Bethlehem, Pa., Hawk Mountain Sanctuary, Kempton, Pa., or the Adult Congenital Heart Assn., 3300 Henry Ave, #112, Philadelphia, PA 19129, and extends much gratitude to Dr. William Davidson, Director, Program for Adult Congenital Heart Disease of the Penn State Hershey Medical Center's Heart and Vascular Institute, Hershey, Pa., for giving us so many more years with Fred than his heart was designed to support.

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Published in Morning Call on Dec. 11, 2018.
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20 entries
December 19, 2018
My deepest condolences to you and your family, Polly. Fred was a great man and a good friend. We would not be where we are absent his help. May God bless him, and all of you, and grant Grace, Peace, Light.
Warm regards, David Bonner
david bonner
December 15, 2018
My deepest sympathy on the loss of your husband and father. May his Memory be Eternal.
Carol Dimopoulos
December 15, 2018
Fred Beste was our leader who by example and encouragement of others set a challenging high standard of fair and productive early stage investing. He was also a nice guy. He speaks to all my students, mentees, partners and investors through his many summary statements of what actions create value and success in our profession. And he was always available to help others. I and so many others who had the good fortune to know and work with Fred will miss him deeply.
Edgar C Harrell. PhD
Entrepreneur in Residence
Harrisburg University of Science and Technology
Edgar Harrell
December 12, 2018
December 12, 2018
Polly,Lauren,Megan and family, My sincere sympathy to you and your family.
Linda Howell
December 12, 2018
Dear Polly and Megan,

I am so sorry to hear about Mr. Beste's passing. My deepest sympathy go out to your family to help you through this difficult time.

Sending prayers,
Alice Frable
December 12, 2018
Polly, I was so sad to hear of Fred's passing and please know you are in my thoughts and prayers in this sad time. Fred was such a unique individual and I have thought of him, you and your daughters often. I was honored to know him and he will be missed.
December 12, 2018
Mrs. Beste, Lauren, Megan and family,
I am very sorry to hear about Mr. Beste's passing. My thoughts and prayers are with you during this very difficult time. Deepest sympathy to all
Imogene Kresge
December 11, 2018
Your husband sounds like a remarkable man and I want to send my condolences to you and your family. I am sorry I will not be in PA to attend the service next week. May it be a day filled with loving memories and comfort from friends and family.
Maureen Decker
December 11, 2018
Dear Polly, Lauren, Megan and family,
So sorry to learn of Fred's passing, so sad that I will never hear any more of his stories, and so very happy for all the hours spent with him while Brian and Lauren were riding. When I told Andy of Fred's passing, he remarked that Fred's was a life well spent. My daughter said almost the same thing when I told her, and I could not agree more. I will think of him often and smile; hopefully I will remember how he did not take healthy days for granted, how he kept doing the things he loved, and learning, and most of all connecting with people. Thinking of all of you and wishing you wonderful memories of an amazing man.
Much love to all of you,
Liz and Andy
Elizabeth Dellers
December 11, 2018
Dear Polly & Family,

Was so sorry to hear and read about Fred passing. Knowing him as a person and working at BFTP since it's beginning I can remember when he moved in with his "office" we had many conversations about work and family he truly was the "Beste of the Best." Both my husband and I Extend our "Deepest Sympathy" to you and your Family.
Jerry & Judy Dreisbach
December 11, 2018
My heartfelt condolences on your incredible loss. I am so sorry. Please accept my most sincere sympathies. Sending light.
Miriam Huertas
December 11, 2018
An amazing man. You said it right - quench for knowledge. On top of that, he was an amazingly humble man. He will be missed and Polly, I feel your loss as huge.
Kathleen Weslock
December 11, 2018
Susan (Russell) Alley
December 11, 2018
I have worked for Fred Beste for 26 wonderful years; he was a tough but fair boss. He created a wonderful working atmosphere and made us all a family. He is etched in my heart forever for his many kindnesses to me and my family. Rest in Peace my wonderful Boss and Friend.

Charlotte Edwards
December 11, 2018
So sorry to learn of Fred's death. He was a wonderful person who'll be missed by all who knew him. My most sincere condolences to his family.
Irene Kolessar
December 11, 2018
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Michael Bolton
December 11, 2018
I have known Fred Beste for over 35 years at Ben Franklin Tech Partnership North West. He was a mentor to many and I am indebted to him for his support and guidance over two successful ventures of mine. I have fund memories of having Fred be on the Tiger Session business plan review where he added his sage advice to our first venture ACT, Inc. Fred decided against investing in my first venture for good reason and I am grateful for his reasoning and advice. I have used his writings including the Golden Nuggets list for successful start ups. He had a sense of humour and wit that was refreshing. May he rest in peace.
shahriar naghshineh
December 11, 2018
I love you cousin. I shall so miss our quick emails and know how our family was truly blessed to have had the Planning Session 2004, BBK 2004 and the Thing 2016.
Chip Krespach
December 11, 2018
Our sympathy to Polly and family. God Bless.
Nancy/Bill Brackbill
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