Bill Heston
Managing Partner
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- Full Name
- Bill Heston
- Title
- Listed as "Partner" on Angels Partners (the firm's own site does not list him; the stub's "Managing Partner" title actually belongs to T.J. Jubeir)
- Firm
- New Horizons Venture Capital, LLC
- Firm Type
- Early-stage venture capital firm (the stub's "Angel Investors" label appears to be an aggregator misclassification — the firm describes itself as a VC firm)
- Investment Stage
- Early-stage / start-up (seed and Series A)
- Check Size
- Initial investments typically ~$1–4 million, with the firm expecting to roughly triple that across follow-on rounds (Angels Partners cites a broader $1.3M–$42M range across the life of investments)
- Target Company Profile
- Early-stage start-ups with "unique models that deliver high value-added, differentiated services while generating longer-term, sustainable earnings"
- Sector Focus
- Software (SaaS, web marketplaces), IT/TMT, media/communications infrastructure, wireless applications & services, FinTech/financial services, BioTech, CleanTech, AI/Big Data, retail/e-commerce, real estate/construction
- Geographic Focus
- Mid-Atlantic region (United States)
- Location
- Chevy Chase / Washington, D.C. area — 6800 Wisconsin Avenue, Chevy Chase, MD 20815
Background
New Horizons Venture Capital was founded in 1999 and is based in Chevy Chase, Maryland, in the greater Washington, D.C. metro area. It is a small, partner-led early-stage venture firm focused on the Mid-Atlantic. Its publicly identified leadership is T.J. Jubeir, who serves as Managing Partner, and Julie Jubeir, a Partner. The firm positions itself not as a passive check-writer but as a hands-on, "long-term, value-added partner" that supplies "extensive on-going strategic, financial, and operational support" alongside capital.
Bill Heston is named as one of the firm's partners on the Angels Partners investor-listing platform, which lists T.J. Jubeir, Julie Jubeir, Bill Heston, and three further (registration-gated) partners. However, no biographical record — career history, prior firms, roles, years, education, or photograph — could be found for this individual in any primary source, including the firm's own website. (Searches surface several unrelated people named "Bill Heston," e.g., a Seattle-based angel/Cedar Grove Investments climate-tech investor and a former Getty Images executive, but none can be reliably tied to New Horizons Venture Capital.)
Because the role, title, and contact details in the original stub conflate firm-level information (the Jubeir-controlled phone and email, the "Managing Partner" title) with the Heston name, the individual's standing and current involvement with the firm should be treated as unconfirmed pending direct contact with the firm. Founders evaluating this contact should verify Heston's role directly before relying on it.
Investment Thesis & Focus
- Stated thesis (firm): invests in "early stage start-up firms with unique models that deliver high value-added, differentiated services while generating longer-term, sustainable earnings."
- Stage: early-stage start-ups (seed through early venture rounds).
- Geography: concentrated in the Mid-Atlantic region, consistent with the firm's Chevy Chase, MD base.
- Check size: initial positions of roughly $1–4M, with capacity/intent to follow on and grow the position materially in later rounds.
- What earns a "yes": differentiated, defensible business models with a path to durable, recurring earnings — not just top-line growth — paired with founders open to active strategic and operational partnership.
- Sectors: broad technology mandate spanning software/SaaS, communications and wireless infrastructure, FinTech/financial services, BioTech, CleanTech, AI/Big Data, and consumer/e-commerce.
Notable Investments
- Chewy — online pet retailer; large early-stage position (~$41M cited by Angels Partners) ahead of its eventual scale and public listing.
- Wacai — Chinese personal-finance / money-management platform (FinTech); cited at ~$42M.
- QubeHealth — health-payments / financial-wellness platform in the healthcare space.
- Fizz Social — social/platform software company.
- Eyecast — media/streaming-related company (~$30M cited).
- OneWorld — early-stage holding (~$1.65M cited).
- Daily Drill — early-stage holding (~$1.3M cited).
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