Joshua Ogundu

Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Decisive — that’s the word that best captures what the world witnessed on Election Day 2024. Not only did Donald Trump secure a win to become president-elect but the Republicans also took control of the Senate. With this level of unified power, the Trump administration is poised to pursue its agenda unimpeded. Previously, I discussed the contrasting relationships that Vice President Kamala Harris and President-Elect Trump have with the tech industry. Now, with Trump positioned to shape federal policy toward tech, it’s time to explore what this shift means for those working in or aspiring to join the industry. I’ll dive into the new opportunities Trump’s administration may create, those it could curtail, and how these changes impact you. “Make America Great Again” has been the rallying cry for the Trump campaign and administration since he stepped on the scene. With him back in the Oval Office, one...

Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Before Vice President Kamala Harris replaced Joe Biden as the Democratic ticket’s front-runner, support for the party was low among the tech industry. In fact, many who now back Harris had previously withheld support from Biden, even favoring Trump over the Democratic candidate. Ben Horowitz, the co-founder of Andreessen Horowitz, is one of those people who recently shifted their support in favor of Harris. After Harris took over the ticket in July, the energy across the tech industry shifted significantly, leading to the formation of new groups representing tech professionals — groups that hadn’t emerged during Biden’s campaign. These groups are VCs for Kamala and Founders for Kamala. They have raised money for her campaign and increased awareness of her positions on key issues impacting the tech industry. I will cover the tech industry’s sentiment under Biden, the current shift with Kamala as...

Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. “In the Club, we are all family” — does that ring a bell? TikTok has taken the world by storm since its transition from Musical.ly to TikTok following its acquisition by China-based Bytedance in 2017. Whether for dances, skits, or news, TikTok has become the destination for people worldwide to discover content that resonates with them. Although it serves as a platform for entertainment, learning, and creativity, TikTok has also been regarded as a national security risk by governments around the world, including those in India, Europe, and the United States. In India, TikTok and other Chinese-owned companies were banned in 2020. I was working as a team lead on TikTok’s global product operations team during its rise and subsequent ban in India. The ban restricted new downloads of the app, but employees in our India office were free to work on other projects with colleagues who needed extra support...

Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Often, in the political process, whether at the local, state, or federal level, Black men feel as though they are not considered when it comes to policy. Vice President Kamala Harris changed that when she released her nine-page economic agenda proposal called the Opportunity Agenda for Black Men. This document outlined how she specifically wanted to improve Black men’s lives holistically. Harris plans to take five steps to increase the prosperity of Black men. (1) Provide 1 million forgivable loans of $20,000 for Black men to create businesses; (2) Provide education, mentorship, and apprenticeship programs aimed at getting Black men into higher demand industries, as well as create pathways to bring more Black men into the world of teaching; (3) Support regulations for cryptocurrency, which Black men are materially represented in as holders of these assets; (4) Launch a National Health Equity...

Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. When one thinks about interest rates, the first thing that comes to mind could be credit cards, car loans, and mortgages, but did you know that they also have materially shaped the tech industry over the past 20 years? That’s because the federal interest rate that the Federal Reserve Board sets also informs the industry on whether money will be cheap or expensive, and that changes the way the industry seeks to operate. Below, we will touch on all of the players impacted by the increases and decreases in the federal interest rates. The startup ecosystem players that are affected in different ways by lower or higher interest rates are limited partners, venture capital firms, founders, and employees. The first one is limited partners, or LPs as they are called in the industry. LPs are the institutions or people that invest in venture capital firms. Examples of institutional LPs can be pension funds...

With the 2024 presidential election right around the corner, we are going to take a look at how the two candidates take drastically different stances on tech. Both Vice President Kamala Harris and former President Donald Trump have supported policies that would impact how the tech industry can or cannot do business for years to come. Kamala Harris’ Impact On The Tech Industry During her time as vice president of the United States, Harris backed three key pieces of legislation that have impacted the tech industry. They are the Bipartisan Infrastructure Bill, the Inflation Reduction Act, and the CHIPS and Science Act. All of these acts were meant to spur different forms of economic growth here in the United States and bolster our own productivity vs. relying on foreign powers. The Bipartisan Infrastructure Bill in 2021 invested money into two categories of interest to founders and investors: energy and climate. In energy, some of the more notable companies would be the larger...