The father of Academy Award nominated actor James Franco died last week at 63-years-old, the family announced on Tuesday.  The cause of death is not known at this time.

Doug Franco, who had a Harvard MBA and was a Silicon Valley Entrepreneur, was the father of James and his two brothers Dave and Tom. 

"It is true that my sweet, generous husband passed away," Betsy Franco wrote on Twitter.  "He gave so much to his three sons and me, and to many other people, too."