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Meet Rich

Richard J. Foster

Mission, Vision, Passion

Richard Foster is a driven entrepreneur and expert negotiator with passions for business development and growth in a wide variety of industries. His entrepreneurial spirit has taken him down many roads.
His journey began with his seven U.S. Patents for the creation of his line of sports-themed clocks, "TIME for SPORTS", which have been distributed in fifteen countries around the world. In 2005, Mr. Foster was named the "Youngest Entrepreneur" by the New York Times, as well as appearing in a wide variety of radio, TV, and print nationwide. He has been selected to ring the closing bell at the world famous New York Stock Exchange.
From the manufacturing of his “TIME for SPORTS” product line, Mr. Foster founded Foster Construction Management, LLC., his New York based construction management firm that handles all phases of commercial construction.

To develop products and services in a creative, innovative, and practical manner he next founded and became Managing Director of The Elenar Group, a three-dimensional think tank. To assist those ventures, he also serves as Managing Director and Chief Investment Officer of New Amsterdam Advisors, a management consulting firm that advises on business growth and transaction strategy for start-ups and entrepreneurs to help catalyze and develop their businesses.

Rounding out his passion for business and innovation, Richard is a former Co-founder of LaunchPad LI and LaunchPad Mineola, a business incubator on Long Island for start-up companies at different stages of growth, enabling them to share work space with the aim of fostering creativity and collaboration.
Richard Foster is the youngest recipient of Long Island Business News’ “40 Under 40” Award and the recipient of the Vision 2020 Growth Award for his commitment to business growth on Long Island. He has been a guest speaker at several universities in the Northeast as well as being featured in Entreprenuer Magazine.
Mr. Foster currently focuses his time serving as Managing Director of AngelFire Ventures. AngelFire Ventures provides accredited investors with easy access to New York City angel deals through an investment-club structure.
He welcomes the opportunity to consult with start-ups and businesses to provide innovation to their existing companies while creating a clear path for them to achieve and exceed their goals.

In the media

Media has always been an important focus for Richard Foster. Click on any of the thumbnails below to view some of his media portfolio.

  • biz kids
  • EntrepreneurMag
  • LIBN
  • Newsday
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  • nyse
  • NYTimes
  • HofstraRadio

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