John Henry Opens Up About His Next Chapter: Revolutionizing The Auto Insurance Industry to Become More Equitable
At just 28 years old, John Henry has already amassed a lifetime of accomplishments. The
Forbes 30 Under 30 honoree built and sold a million-dollar business at 21, went on to create Harlem’s first nonprofit business incubator by 24, and then co-founded a venture capital firm that raised over $40 million for minority-owned small businesses. Now, Henry is on to his next venture: rewriting the rules of auto insurance – a move that has caught even him by surprise.
The Foundation
The son of Dominican immigrants, Henry grew up below the poverty line in New York City’s Washington Heights neighborhood. At 18, he quit his job as a doorman in a luxury Brooklyn building and dropped out of college after a resident offered him the opportunity to use a dry-cleaning facility at wholesale prices. Back then, Henry was living in a small one-bedroom apartment in Harlem with his family who depended on his $900 paycheck. However, he took a leap of faith to launch an on-demand dry-cleaning and laundry service company. Through his impressive network of contacts, he landed contracts to handle the wardrobe needs on major film and TV production sets, and, within three years, his company was generating $100,000 a month.