Philadelphia Business Journal
Peter Key, 8/10/2012
Ben Franklin Technology Partners
Terrence H. Hicks knows what he wants to do when he grows up.
“I have finally concluded that I love working with entrepreneurs,” said the vice president of Ben Franklin Technology Partners of Southeastern Pennsylvania’s Investment Group. “I am not convinced that I would ever want to take on the risk of entrepreneurship myself [but] I have learned to really respect the entrepreneur, his or her creative passion and imagination.”
Hicks began working with entrepreneurs during his days at Fidelity Bank, one of several area predecessors to Wells Fargo, which he joined after earning a bachelor’s degree in economics from Swarthmore College in 1973.
After seven years at Fidelity, during which he got an MBA from La Salle University, Hicks moved to what is now Sunoco Inc. He started as an analyst for Sunoco’s Minority Small Business Investment Co., a financing entity supported by the U.S. Small Business Administration, and eventually wound up running it.
In 1994, Hicks joined Ben Franklin, a state-funded economic-development nonprofit that provides seed financing, mentoring and networking opportunities to nascent tech and life-sciences businesses.
In 2004, Hicks co-founded the Minority Angel Investment Network, a group of individual investors committed to funding minority-owned or -led companies.