John Henry, the Co-CEO and Co-founder of Loop Car Insurance, has a remarkable journey that exemplifies resilience, tenacity, and the transformative power of personal experiences. Born into an immigrant family from the Dominican Republic, Henry’s path from a New York City doorman to a millionaire entrepreneur is nothing short of inspiring.
Early Life and Education:
John Henry dropped out of college at the age of 18, recognizing that real-world experiences held invaluable lessons beyond traditional education12.
His parents grappled with financial insecurities, struggling to make ends meet. Witnessing their hardships fueled his determination to alleviate their fiscal burdens.
Entrepreneurial Journey:
Dry-Cleaning Business:
While working as a doorman, a chance interaction with a resident running a dry-cleaning business sparked Henry’s entrepreneurial spirit.
Recognizing the learning opportunities beyond school, he dropped out and ventured into the laundry business, leveraging his father’s expertise.
Their first client had ties to the wardrobe department of the iconic movie “The Wolf of Wall Street.”
The quality of their service led to prestigious contracts with NBC’s “Law and Order,” “The Amazing Spider-Man,” and HBO’s “Boardwalk Empire.”
By the age of 21, John Henry had sold his dry-cleaning venture for a staggering $1 million3.
Tech Nonprofit and Capital Investment:
Investing his profits, Henry founded a tech nonprofit in Harlem, emphasizing community impact.
He then delved into capital investment, exploring new avenues for growth and impact.
Loop Car Insurance:
In 2020, John Henry co-founded Loop Car Insurance, aiming to revolutionize the auto insurance industry.
Loop Car Insurance focuses on making insurance more accessible, equitable, and efficient.
His vision extends beyond profit; it aims to empower individuals and transform an industry4.