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The King is dead! Long live the King! We have closed Incubator LP.

My contact info has changed. I am now looking for new projects and investment opportunities. More detailed information about my firm IStrategies can be found on this website. Look to the top or right of the page.

If you have anything that you would like me to look at, please contact me on my new phone (510)-301-8223.

Thank you,

Former Managing Director Incubator LP

Managing Partner IStrategies International
Steve Hess

I have had a lot of fun working with the investment partners and the young startups at the Incubator. Because of the changes in market conditions, last year under my management the Incubator was re-focused on more mature investment opportunities, ventures that needed money and services but not necessarily physical service such as space, phones, computer network and such.

Therefore, after 5 years of successful operations, we (the general and limited partners of Incubator LP) have decided to close the physical location of the Incubator as of the end of February. This move will better serve our sponsored ventures and protect our investors’ investments. We have already closed Fund I and II and are distributing the proceeds from it to the investors and the University.

I will continue to monitor and manage the Fund II portfolio, and I will continue to work with the University of California, Berkeley to capitalize on startup opportunities from the technology zone around the UC Berkeley and in the Bay Area.

Donation of Stock to University of California, Berkeley. 

The Incubator LP was delighted to announce the donation of securities from several of our investments to various departments within the University of California, Berkeley.  This grant demonstrates our appreciation to the University for being a point of germination for ideas that change and shape society.  We, at the Incubator LP, were pleased to be in the role of then taking those ideas and amplifying their financial value through the public markets.      

We view this donation as a culmination of the vital process of business innovation, consisting of research and development at the University level, followed by commercialization assistance by organizations like the Incubator. 

The donation was conveyed to Prof. David Teece, Director of the Institute of Management, Innovation and Organization at UC Berkeley, who will act as trustee in its distribution to the various University departments. 

Once again, we thank the University for all its support.

We hope that in the coming years others will follow our lead and make donations in stock to UBC.

 

 

IStrategies International , 64 Panoramic Way #C, Berkeley, CA 94704

Office: 510-219-4123, FAX:  510-217-3471

e-mail: shess@istrategies.com 

 

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