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The Center for Entreprenuership Economic Development at Rutgers-Newark and H360 Capital Announce Partnership at White House Urban Entreprenuership Summit

Jun 6, 2011   //   by Benjamin Evans   //   Blog, featured, News & Updates  //  No Comments

THE CENTER FOR ENTREPRENUERSHIP & ECONOMIC DEVELOPMENT AT RUTGERS-NEWARK, AND H360 CAPITAL ANNOUNCE PARTNERSHIP TO BRING ‘BIG IDEAS INITIATIVE’ TO NEWARK, NEW JERSEY AT THE WHITE HOUSE, RUTGERS ENTREPRENEURSHIP SUMMIT

H360 Capital is a minority-run early stage venture capital firm, with a particular focus on business development activities of ‘market disrupting’ technology companies. The agreement will bring 20 new technology firms to Newark by 2012

Newark, NJ – June 6, 2011 The Center for Urban Entrepreneurship & Economic Development (CUEED) at Rutgers University Newark is partnering with Mr. Hezekiah Griggs III and H360 Capital to bring technology through its ‘Big Ideas Initiative: B2i’ to Newark, NJ. This is a revolutionary step that will have transformative impact on the economy of New Jersey’s largest city. H360 Capital is an early-stage technology venture capital firm. “We are working with H360 Capital to help bring many of the firms’ future and current portfolio companies to the City of Newark, NJ” said Dr. dt ogilvie, Founding Director of CUEED. “We hope that our efforts moving forward will allow for H360 Capital to find Newark as a viable option to base its operations and general investment activities.”

H360 Capital also announced today, that it will be moving its headquarters to a New York/New Jersey City upon an agreement to be publicized in a subsequent release. H360 Capital’s current activity in Charlotte, NC, which served as its previous base, will be transformed into a regional hub.

“We are positive that this is the right step in providing the greatest value for technology entrepreneurs we fund,” said Hezekiah Griggs III, Managing Partner of H360 Capital. “When I formed the thesis for H360 Capital, I wanted the firm to be able to impact a city like Newark, by creating a private-public partnership where all parties are invested in the creation of innovation as a solution to broad community-related economic concerns. Today’s announcement establishes that we will have a very large footprint in Newark, as we intend to evangelize the vision that all parties have for Newark being an important hub for technology firms in the next 10 years. We are grateful to CUEED Director Dr. dt ogilvie for her efforts.”

“As an early-stage technology VC, a key component of our activity with ‘B2i’ will be to invest in ‘market-disrupting’ technology ideas, and provide the business development necessary to expand those ideas or companies, into international brands,” said Mr. Griggs. “As a part of our commitment, we will help to bring technology, jobs, and opportunities to a City that will benefit greatly from attracting emergent technology companies to its City. This is a great day for H360 Capital, CUEED, and certainly the City of Newark.”

The initiative, dubbed B2i, will invest up to $50,000 in 20 technology start-ups, with CUEED providing resources and support to the entrepreneurs that receive investment.

Dr. Jerome Williams, Prudential Chair and Research Director of CUEED said, “This is a great day for CUEED’s ongoing economic development activities. We are exploring a “technology park” joint venture with H360, “gown/technology” partnership, if you will, which then could become a magnet for other firms.” Williams added, “H360 Capital’s investment activities will spur the right kind of entrepreneurial technology-revival that CUEED has been looking to identify and bring to the City for some time. With today’s announcement, H360 Capital greatly advances CUEED’s mission to add technology jobs, entrepreneurs, and companies to the footprint of our city.”

Brian Peters, a partner at H360 Capital who leads B2i’s investment team said “We are excited about our new relationship with Newark, and I am particularly elated about our newly formed partnership with CUEED.” Peters added, “The opportunities that this provides for the City of Newark, technology entrepreneurs, and CUEED, and our firm our endless, and I await the many milestones we will see as a result of this partnership.”

CUEED Director and Rutgers Newark Business School Professor Dr. dt ogilvie said “H360 Capital’s commitment to Newark provides technology jobs and opportunities to technology entrepreneurs that CUEED has been extremely active in working to make happen.” Dr. ogilvie continued, “CUEED’s partnership with ‘B2i’ will help to fulfill our mission to providing greater opportunities to entrepreneurs currently in our City and those migrating to our City in the future. I want to thank Hezekiah Griggs III and the Partners at H360 Capital for bringing national attention to Newark’s commitment to technology & entrepreneurship.”

About CUEED

The Center for Urban Entrepreneurship & Economic Development (CUEED) is the first center of its kind in the nation to integrate scholarly works with private capital, government, and non-profit sectors to develop citywide resources and bring renewed economic growth and vitality through urban entrepreneurship. CUEED promotes and fosters a new generation of urban entrepreneurs who actively seek socially conscious urban renaissance. CUEED is based at Rutgers University, The State University of New Jersey.

Contact:

The Center for Urban Entrepreneurship & Economic Development
Rutgers Business School Newark and New Brunswick
One Washington Park, 10th floor
Newark, NJ 07102

Phone: 973-353-5987
Fax: 973-353-5427
Website: business.rutgers.edu/cueed

About H360 Capital

H360 Capital is an angel venture capital firm based in NJ/NY area, with regional hubs in Charlotte, NC and Austin, TX. The firm invests in early-stage start-ups with market-disrupting ideas. Innovation is considered key to H360’s investments, as they are typically new ideas that either change a market, or creates one. Learn more about H360 Capital online at: H360Capital.com

Contact:

Press/Media Relations
H360 Capital
NJ/NY: 201-815-H360
Charlotte: 704-389-0360
info@h360capital.com

The H360 Fellowship | April 22, 2011

Apr 22, 2011   //   by Hezekiah Griggs III   //   Blog, News & Updates  //  No Comments

The H360 Fellowship
Hezekiah Griggs III | Managing Partner, H360 Capital
April 22, 2011

Over the last two weeks, H360 Capital has made a major impact on Venture Capital activity.

In fact, we have been so busy that I have been unable to write posts on the activities of the firm (too much to write, and not enough time to write it). However, I wanted to make sure that I wrote a specific note about the opportunity offered by the H360 Fellowship.

Click Here to Read More

The Must:

1. You must be enrolled in College. (either undergrad or grad) If not enrolled, you must explain why you should be considered in great detail for this opportunity.

2. Your major or concentration must be Finance, Business, Politics, or Law.

3. You must have a GPA of at least a 3.3, or the ability to demonstrate strong leadership skills through active involvement in community organizations.

The Important:

1. Demonstrate a desire to be involved in Venture Capitalism.

2. Be readily prepared to be challenged, in a high stakes situations.

3. Be able to commit time and energy to the fellowship.

4. Lead, and provide thought-leadership to diverse leadership teams.

5. Understand, and have full awareness of your skillsets, and why they are valuable to H360 Capital.

Supplemental Information:

The opportunity to work with the Partners at H360 Capital and learn from their experiences is significant for young emerging leaders in business. All applicants should be aware of the significance of the opportunity before applying, and recognze that we have limited slots available. We expected to review apps from the best of the best, and we will expect those that apply for the fellowship to demonstrate a full breath of understanding.

Location and Requirements:

1. Applicants are expected to Submit a Resume and Cover Letter to fellows [at] h360capital.com.

2. Participation in the fellowship does not require you be physically located in the areas the firm is expected to do business. They may reside anywhere in the US.

3. Fellows will be assigned work that is commensurate to the skill sets they showcase upon applying. Some fellows will be granted the opportunity to work in-house with myself and the rest of the partners. In this case, applicants must be aware that they are likely (if accepted) to be requested to travel with partners, do due diligence on firms across the country, and may be asked to live in the area of the firms operation.

4. The commitment will last from acceptance to the end of the summer. At the conclusion, a fellow will be asked to stay throughout the year, to further participate in the firms activities.

The Value Proposition:

As with any opportunity, I am looking for the best of the best and once I, and the Partners recognize the best in the fellowship, we will be offering a full-time position at the firm for the fellow who demonstrates the greatest potential during the fellowship.

And, btwacceptance is on a first-come, first-serve basis! Good Luck!

If you have any questions, you can contact me by clicking on the links below:

My handle on twitter: @HezekiahGriggs

- HG3

Connect with Hezekiah Griggs III:

Managing H360 | April 11th, 2011

Apr 11, 2011   //   by Hezekiah Griggs III   //   Blog  //  No Comments

Managing H360
Hezekiah Griggs III | Managing Partner, H360 Capital
April 11, 2011

When you are busy, its incredibly hard to blog!

The last few days have been a killer, and Im about to embark on a long journey, so my blogs will become a less consistent.

On Thursday, I had 11 meetings (8 of them conference calls) and I actually had a moment for the first time in a few days to go play basketball!

Friday, I had two early-morning phone calls. I had a brief partner meeting, and then I traveled to White Plains NY, to meet with a mentee of mine. We went to breakfast, and walked around the mall (I dont get itbut hey!) I had two conference calls in between. Then I traveled over to White Plains High School, where I spoke with a few young people about business, and the hard work required to be successful. That lasted until about 5pm.

I said goodbye to my mentee, and began a two hour journey to the Nets/Knicks game. I have a friend who is a senior executive of a fortune 50 company, and he and I arranged a meet and greet with some power-brokers, myself and Bob Brown (one of our new partners). We watched the Nets get blown out from the corporate suite, but fortunately, both Bob and I were deputized (honorary) by the Essex County Sheriff in the process.

Got home at around 11pm that evening.

Saturday I woke up early, had a ton of emails to respond to, sent out some follow-up emails with the people I networked with, scheduled some important meetings for this week, and began to prepare for the upcoming schedule I have. I played basketball as well.

Sunday Had an early-morning conference call. Then travelled to NYC for a few meetings. Met with two potential Associates (hires), and went with a mentee and his mother to a college fair, at Jacob Javitz Center. Had a few conversations throughout the day.

I travel to NYC by train, so on my return trip home I noticed that there was some young people sitting on the floor in Penn Station (this is unacceptable as I have seen what people do in Penn Station!) walked over to them, began to converse, and introduced myself. Subsequently they received my information, and now have the responsibility of charging me in some way with being a resource to them. I specifically mention this, because opportunities are so rare, you must always be prepared to unexpectedly have one!

This week, I may announce  some additional partners that I have brought on board. So look out for that!

My handle on twitter: @HezekiahGriggs

- HG3

Connect with Hezekiah Griggs III:

Managing H360 | April 6th, 2011

Apr 6, 2011   //   by Hezekiah Griggs III   //   Blog  //  1 Comment

Managing H360
Hezekiah Griggs III | Managing Partner, H360 Capital
April 6, 2011

Everyday seems to add more value to my life, than the day before.

I am big on service, and a part of my responsibility (I feel) is to be of service to those looking to make a difference in their life, and the lives of others. So, fortunately, I was able to help three entrepreneurs with their businesses today. Helped them structure their business, prepare it to be scaled, and identify the immediate needs that their businesses currently face. I hope that my advice, will cause appropriate action steps to be followed, and I certainly hope that those action steps will change the lives of others in a positive way.

Yesterdays big announcement, was a major first step in crafting H360s position in young entrepreneurs lives. I recieved quite a few emails, and in receiving them, I appreciated the fact that entrepreneurs took the leap of faith necessary for their business to move to the next level.

For the record, I read all of my emails personally. So do the partners listed online. You can shoot me an email at: hgriggs [at] h360capital.com

My handle on twitter: @HezekiahGriggs

Although sometimes it may take a few days to respond, I do respond! So feel free

Stay tuned to the blog, as we have resourceful information planned for you, as you continue to pursue your entrepreneurial dreams!

- HG3

Connect with Hezekiah Griggs III:

Managing H360 | April 5th, 2011

Apr 5, 2011   //   by Hezekiah Griggs III   //   Blog  //  No Comments

Managing H360
Hezekiah Griggs III | Managing Partner, H360 Capital
April 5, 2011

More big news from H360 Capital was announced today.

Today we released a big announcement, about our new Big Ideas Initiative. Its important step for our firm, as we continue to build relationships with entrepreneurs who have great ideas as early as possible. We see the entrepreneurs that we invest in, via B2i, as potential strategic long-term partners. Big Ideas deserve recognition from the jump (excuse the colloquialism), and thats what we intend on doing via B2i and future initiatives by our firm.

As a VC, we have two primary responsibilities; 1, raise money, and 2, find deals worth investing money in. And we have been fortunate enough to make major strides in both areas. Im excited about the future announcements we have planned in both areas.

Whats on my agenda for today?

1. Meeting with Partner Brian Peters on Reports on B2i
2. Team Meeting
3.  Interviewing potential partners, aps, and fellows
4. Three conference calls
5. Meeting about possible deal flow with a friend of mine.
6. Analyzing other activities of the firm etc.
7. Top Secret work

I should also mention, that I serve on the board of a few companies, and I run a start-up called ADjute. Not to mention the extensive non-profit work, and speaking that I do. So to get a better picture of my full schedule.H360  is about 1/4 of my daily schedule (OMG!) lol.

- HG3

Connect with Hezekiah Griggs III:

Managing H360 | April 4th, 2011

Apr 4, 2011   //   by Hezekiah Griggs III   //   Blog  //  No Comments

Managing H360
Hezekiah Griggs III | Managing Partner, H360 Capital
April 4, 2011

Last week was tough.

I had early mornings, conference calls, strategy sessions, team meetings, a few arguments, and an occasional bright idea. Brian Peters and I, talked to each other more in the last week, than I think weve talked in the entire six years weve known each other.

But thats the beauty of business, tough weeks = happy years.

Id like to say, that what we are doing at H360 is the first of its kind but Id be wrong. Im sure that we are not the first to unveil a platform like this for entrepreneurs, and from an investment standpoint, the model we are adopting is tried and true. But, I cant help but say it. And technically speaking I am right! (I love how I can contradict myself in the same paragraph)

We are doing something unique, because all of us (the partners and I) bring something unique to H360, thus allowing H360 to be unique in a field where it seems that everything is the same. The emails, and the tweets, and the messages that weve received are strong indicators that our presence in the world is necessary, and hopefully our results in the years to come will validate that premise.

Today, I was excited to announce my friend, Fenorris Pearson, as the newest addition to H360 Capitals partners. He brings enormous value to our team, and his presence is essential to our long-term prospects.

On my agenda today: Interview to Associate Partner candidates, two Strategic Partnership meetings, review some businesses that were submitted on our site (email us your ideas: ideas [at] h360capital.com) and three strategy sessions with committees in the firm. A few phone calls sprinkled in-between.

This week, like last, will be tough. But hopefully, I will build the stamina necessary to make it tough and rewarding at the same time.

- HG3

Connect with Hezekiah Griggs III:

Changing the Way VCs do Business

Mar 30, 2011   //   by admin   //   Blog  //  No Comments

Changing the Way VC’s do Business
Hezekiah Griggs III | Managing Partner, H360 Capital
March 30, 2011

I’ve been told again and again, that there is no better time than now, to start your own business. But for many, that statement is not wholly true.

The traditional form of Venture Capital is relationship-based. Basically, investors invest in someone that they know, know through a mutual contact, or have been introduced to by a personal friend. To some degree, I understand the necessity of having relationships developed before consideration of the investment is even approached. However, in an environment lacking diversity, this is counterintuitive to actually investing in the best ideas with the best potential to impact the way we live.

Each Venture Capital Firm has its own investment strategy; the types of companies they would like to invest in, stage of development, and the team of institutional members (entrepreneurs) that the companies present. The relationship component brings an indifference to the selection criteria, that otherwise limits the scope of investment past innovation, and more to who the investors knows (and chooses) to invest in.

For my partners and I, this creates a systemic problem in the diversity landscape of investments being offered and made, and the return on those investments to investors and the entrepreneurs that receive capital and resources from VC firms.

It is my opinion, that using the traditional method of ‘relationship-based’ investments disrupts the necessary diversity needed to create a truly innovative environment – at least as it relates to the current structure of most modern VC’s. As it relates to diversity, my point is clearly made through several reports (e.g. CB Insights 2010,) that have studied the diversity of investments made by VC’s, and the environment in which those VC’s operate; we will release some of those findings, as well as our own reports in the coming weeks.

So to clear the air and the misconceptions that we will undoubtedly face as a VC led by me (a minority); H360 Capital is an equal-opportunity angel venture capital firm, which will invest in IDEAS, and the entrepreneurs that create them!

About H360 Capital
H360 Capital is an angel venture capital firm based in Charlotte, NC. The firm invests in early-stage start-ups with market-disrupting ideas. Innovation is considered key to H360’s investments, as they are typically new ideas that either change a market, or creates one.

Contact:
Press/Media Relations
H360 Capital
704-389-0360
info@h360capital.com