Tru Skye Ventures, co-founded by Metta World Peace, has invested in a new sports technology company. According to its website, Tru Skye Ventures is a $100 million fund for sport-tech innovation, fan engagement, health, and wellness companies established in partnership with Stephen Stokols. On March 4, 2025, it was announced that FanUp, a fantasy sports and pop culture platform that has 2.3 million global fans, largely Gen Z (86%) and women (55%), closed a strategic financing round led by Tru Skye Ventures and 9.58 Ventures, co-founded by Fred Toney and Omar Sillah. American tennis star Frances Tiafoe and general partners—NFL safety Jalen Mills, NFL linebacker Deion Jones, and NBA assistant coach David Vanterpool—also participated in the round, according to a news release shared with AFROTECH™. “I’m thrilled to welcome powerhouse partners like Tru Skye Ventures and 9.58 Ventures to our strategic round,” FanUp Founder and CEO Tejas Bodiwala said in a news release. “Collectively, we’ll...

The modern workplace is evolving, yet discrimination remains a persistent issue despite growing efforts to create a more diverse and inclusive work culture . Anti-discrimination policies exist to protect employees from unfair treatment based on race, gender, age, disability, religion, sexual orientation, and other factors. However, recent data suggests that these policies alone are not enough to prevent bias in hiring, promotions, and workplace interactions. In Fiscal Year 2022, the U.S. Equal Employment Opportunity Commission (EEOC) received 73,485 new discrimination charges—an alarming 20% increase from the previous year. Additionally, 61% of employees in the United States say they have witnessed workplace discrimination, signaling that many workplaces still struggle to enforce fair practices. Antidiscrimination in the modern workplace isn’t just nice to have – it’s a must. Discrimination in employment takes many forms. Retaliation is the most common complaint, making up nearly...

A 40-day boycott against Target began after the company retracted its DEI commitments. As AFROTECH™ previously told you, Target abruptly ended its three-year diversity, equity, and inclusion (DEI) goals, including submitting reports to an external diversity-focused group and a program to ensure Black-owned and minority-owned businesses were stocked in stores. “Many years of data, insights, listening, and learning have been shaping this next chapter in our strategy,” said Kiera Fernandez, chief community impact and equity officer at Target, according to NBC News. “And as a retailer that serves millions of consumers every day, we understand the importance of staying in step with the evolving external landscape, now and in the future — all in service of driving Target’s growth and winning together.” Target has faced backlash after shifting gears. In fact, in a proposed class action, its shareholders revealed that the major retailer did not disclose the repercussions of scaling back its...

Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Last week, President Donald Trump announced that the U.S. would sell “gold card” visas for over $5 million to wealthy foreigners to alleviate the country’s trillion dollars in debt. As he continues to align himself with billionaire oligarchs, sycophants like Vladimir Putin—it’s clear that Trump has never cared for ordinary people. In his statement, he claimed that this new initiative had never been done before. But as always, he is mistaken. Investing large sums of money in citizenship has been in place in various countries across Europe and the Caribbean. The incentive of citizenship for pay—with advantages like limited restrictions and more flexibility—can open the door for wealthy yet dubious individuals to perform illicit activities. While no one can assume that every person who pays upwards of millions of dollars for foreign citizenship is a criminal, the lack of regulations opens up the EU,...

Andrea Wallace has reportedly secured funding for an entertainment marketplace. In 2018, Wallace, a professional DJ with a business degree from Grand Valley State University, founded and launched Opnr, an “all-in-one data-powered” solution designed to simplify the booking process for musical talent. According to the company website, it provides concert organizers with data and analytics to help them book the right talent for local events. It also helps musicians showcase their work through an electronic press kit generator that serves as a resume, and through its FAN-CLAIM™ software, they can connect with their local fanbase. According to MLive , Opnr has been used by nearly 12,000 musicians and 800 organizers. “We’ve got pretty good traction,” Wallace said of the company, which is headquartered in Grand Rapids, MI, according to the outlet. Even so, it has not been easy to gain support in funding. “There are plenty of people in Grand Rapids who are super helpful,” Wallace mentioned,...

Carol’s Daughter has been sold to an independent entrepreneur in the beauty industry. Born in her Brooklyn, NY, kitchen with just $100 in cash, Lisa Price began selling her hair and body products in 1993 from the comfort of her living room and at flea markets and craft fairs. Her brand attracted the attention of notable names such as Jada Pinkett-Smith, Erykah Badu, and Halle Berry. Carol’s Daughter gained further momentum after Price appeared on “The Oprah Winfrey Show,” which led to the company’s website crashing due to 17,000 interested buyers, Inc. reports . Two years later, Steve Stoute, CEO of UnitedMasters, joined the company as a partner, and the first Carol’s Daughter flagship store debuted in Harlem after receiving an investment from Jay-Z, Jada Pinkett Smith, and Will Smith, as AFROTECH™ previously reported. By 2011, Price was leading a top haircare brand, and three years later, she sold the company to L’Oréal USA. Carol’s Daughter had a $27 million valuation at the time....

Former NFL player Marques Colston is making it easier for other athletes to enter the investment space. Drafted into the NFL in 2006 by the New Orleans Saints, Colston had a playing career that spanned more than 10 seasons and included securing a Super Bowl ring in 2010. He earned over $40 million throughout his time in the NFL, per Spotrac. Colston’s NFL career ended in 2015 when he was released by the Saints due to injury, according to the team’s webpage. Champion Venture Partners Today, Colston is still involved with athletes but in a new light. He is the founding partner in Champion Venture Partners, alongside former professional mixed martial arts (MMA) athlete Nick Edwards. The North Dakota-based private equity firm, established in 2024, is making “growth alternative asset investments” accessible to all, according to the firm’s website. “A lot of our team are former athletes, and what you see is there’s a really short time horizon on your athletic career where you have your...

After her first business failed, Carolyn Rodz is now making it her mission to help other entrepreneurs succeed. Rodz was an investment banker for JPMorgan Chase between 2001 and 2005, per her LinkedIn. After exiting her job, she ventured into entrepreneurship , but that did not fare well, leading her to reenter the workforce. Although this was a trying time, it did not deter her from entrepreneurship altogether — she launched Cake, a digital media company, in 2009 and exited in 2015 — and it paved a pathway of opportunity for a wider community. “I knew very little about starting a company and my first business failed,” Rodz said in an interview with the “Black Tech Green Money” podcast. “I went back to work, paid off debts, licked my wounds for a bit, started a second company that I ultimately sold, ran it very differently with the lessons that I learned and feel very fortunate that I got to start over again because many people don’t have that opportunity. I was young and single and...

Serena Williams has ownership in a new sports team. As AFROTECH™ previously reported, the tennis legend is an investor in the National Women’s Soccer League (NWSL) club Angel City FC, alongside her family, which includes her husband, Reddit co-founder Alexis Ohanian Sr., and their two daughters, Alexis Olympia Ohanian Jr. and Adira River Ohanian. According to a press release, Williams has officially joined the ownership group of the WNBA’s Toronto Tempo, which is owned by Larry Tanenbaum’s Kilmer Sports Ventures. Williams’ presence is also a full-circle moment, as she launched her career journey in Canada back in 1995. View this post on Instagram A post shared by Serena Williams (@serenawilliams) “I am thrilled to announce my ownership role in the first Canadian WNBA team, the Toronto Tempo,” Williams said in the press release. “This moment is not just about basketball; it is about showcasing the true value and potential of female athletes — I have always said that women’s sports...

Hurricane Katrina devastated New Orleans, LA, in August 2005, wiping out 200,000 trees. While the city has faced challenges in restoring its tree canopy, efforts were underway thanks to a $75 million grant from the U.S. Forest Service to the Arbor Day Foundation that aimed to plant trees in neighborhoods without the resources to afford them, according to The Associated Press. However, the U.S. Department of Agriculture has, at least for now, terminated the funding to comply with President Donald Trump’s executive order focused on banning diversity, equity, and inclusion (DEI) efforts within the federal government. “Protecting the people and communities we serve, as well as the infrastructure, businesses, and resources they depend on to grow and thrive, remains a top priority for the USDA and the Forest Service,” the USDA said, per AP. Trees offer various benefits, including cleaning the air in polluted areas, capturing stormwater and replenishing groundwater, and providing shade...

Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. One of the main goals of the Trump administration has been to remove Washington’s “elites” from office. Now that billionaire Elon Musk and his Department of Government Efficiency agency have instituted mass layoffs, some supporters have buyer’s remorse. With midterm elections coming up, it’s possible that DOGE cuts could hurt the GOP and Trump administration as long as they continue. In town halls across the country, from Georgia to Idaho to Missouri, Republican lawmakers are facing backlash from their constituents for aligning with Musk’s influence in government and continuing to spew Donald Trump’s lies. They’ve assured constituents that rolling back diversity, equity, and inclusion initiatives, along with implementing mass deportations, are effective policies that serve the American people. But it’s clear from the round of boos seen in videos on social media that their voters aren’t buying it....

Nipsey Hussle’s mantra , “The marathon continues,” lives on through his older brother, Blacc Sam, who has opened a restaurant near the late rapper’s Marathon Clothing store in Los Angeles, CA . Blacc Sam — born Samiel Asghedom — is the permanent administrator of his brother’s estate. In an interview with CBS News Los Angeles, he said Marathon Burger, which had its grand opening on March 1, 2025, reflects Nipsey Hussle’s dedication to uplifting the community around him. “I think [the] Marathon brand, created by Hussle, was kind of like to inspire and to just motivate, and it just means to keep going,” he said. “It’s not a race, it’s a pace, do it on your own. …Anything that we can continue doing in that spirit is always a blessing.” Marathon Burger, located on Melrose Avenue, serves its famous Wagyu beef burgers and wings. The restaurant also offers vegan-friendly options such as a plant-based burger, a portobello mushroom burger, and a grilled vegetable salad.   View this post on...

Those who have been following along with corporate news in recent weeks may already be aware of president Donald Trump’s ongoing initiative to bring massive financial changes to the tech industry. The head of state and 34-time convicted felon previously announced multi-billion dollar deals with fintech giants including OpenAI, SoftBank and more. The collaboration, which has been titled Stargate , has drawn eyes from a number of tech industry heads, including Apple’s Tim Cook . Now, according to recent reports, Cook himself has announced an effort to invest $500 billion back into the United States economy, with specific plans to hire 20,000 new U.S. based employees over the next five years. Though Apple has always been at the forefront of American engineering and design, this announcement has come as quite a shock to some investors, considering Tim Cook’s outspoken stance on upholding DEI initiatives , in stark contrast to Trump’s demands. Clearly, Cook is able to compartmentalize...

Happy wife, happy life is how the saying goes. Tracy McGrady will agree. The basketball legend, nicknamed T-Mac, was drafted into the NBA by the Toronto Raptors in 1997. He was just 18 years old at the time and had played high school basketball for North Carolina’s Mt. Zion Christian Academy. He signed a three-year rookie contract valued at $4,689,480, per Spotrac. This was not, however, his first lucrative contract. Just ahead of the 1997 draft, his talents landed him a $12 million shoe endorsement deal with Adidas, as AFROTECH™ previously reported. Making that kind of money at 18 came with its learning curves. McGrady grew up in a household with his mother working as a custodian at Disney while his grandmother was a custodian at his elementary school for three decades. No one in his family earned over $40,000. “You can only imagine I’m 18 years old. I don’t have a family that has taught me financial literacy. I don’t know anything about it. So all of this is just trying to figure...

Master P is a multifaceted rapper, record producer, record executive, actor, entrepreneur — and now president of basketball operations. On Feb. 26, 2026, Louisiana’s University of New Orleans (UNO) Privateers announced that the local legend, born Percy Miller, was joining them in this new role. As a former college basketball player, Miller, 54, has spent the past two decades coaching the sport. During that time, his Amateur Athletic Union team, “P. Miller’s Ballers,” won three national championships, and he coached future NBA players Demar Derozan , Brandon Jennings, Lance Stephenson, and Jalen Suggs, the news release notes. “As a kid growing up in New Orleans, I can honestly say that basketball changed and saved my life,” Miller said. Despite his significant success in the music industry, Miller said he finds the most fulfillment in coaching the next generation of basketball players and giving back to his community. He asserted that UNO used to have one of the best basketball...