In 1982 he was one of the original team members at Renaissance Technologies Corp., founded by James Simons. And from 1983 to 1989 served as president where he supervised venture capital investments in high technology companies. He was also a founding board member and technical advisor of Franklin Electronic Publishers, one of the first manufacturers of personal computers, before its sale. He has been an active consultant and speaker to users and vendors in the information systems area for more than 30 years, and has worked with many of the Fortune 100 companies and numerous government agencies. Since 1989, he has been president of the Arca Group, Inc., a consulting and venture capital investment management firm specializing in the area of computer and communications technologies. Arca Group nurtures ventures and has taken them from seed stage through initial public offerings, including MetaCreations Corporation (now Viewpoint Corporation), a computer graphics software company, Infonautics Corporation( now Tucows), which provides search products and services on the internet and MyPoints.com, Inc.(now part of United AirLines New ventures) – the leading direct e-mail provider. He has been involved in more than three dozen startups and was a lead investor in the formation of Bill Gross’s Idealab, a Pasadena based incubator for internet companies. Idealab also founded Internet Brands which operates many media and e-commerce websites. Howard Morgan served as a board member on Internet Brands until the media company was acquired in December 2010 by Hellman & Friedman for a reported $640 million. In 2004 Morgan partnered with Josh Kopelman, Chris Fralic, and Rob Hayes to form the venture capital firm First Round Capital. The group specialized in providing seed-stage funds to technology companies. The Philadelphia-based firm is reported to provide seed-stage investments that have ranged between $250,000 to $500,000. In addition, the company has backed more than 70 companies, including VideoEgg, Outright, LinkedIn, SkillSlate and several other firms. In an interview for This Week in Startups with Jason Calacanis, he mentions that they look for passionate people with million dollar ideas and a vision to get there. In 2017, after retiring from First Round Capital, Morgan joined B Cap Group as chairman, where he oversees the firm's investment, product strategy, partnership and development efforts, and the scope and breadth of firm operations. Morgan was ranked #12 in the 2011's Top 30 Most Respected Venture Capitalist. The list included Morgan among other such as Brad Feld of Foundry Group, John Doerr of Kleiner Perkins, Ben Horowitz of Andreessen Horowitz and Michael Moritz of Sequoia Capital.