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Black Tech Nation Ventures Reaches Final Close Of Its $50M Fund For Black- And Diverse-Led Startups

Black Tech Nation Ventures (BTN.vc) has officially crossed off a major goal that it set out to achieve.

Ngozi Nwanji

Feb 28, 2024

At Age 31, Rohan Marley Received An Ultimatum From Brother Ziggy Marley To Enter Into Business — Today, He Has An Empire Of Hotels, A Coffee Brand, And More

The legacy of the late Bob Marley remains prevalent. Bob’s musical influence extends globally, with Rolling Stone recognizing “Exodus,” his ninth studio album with the Wailers, as No. 48 on its list of “The 500 Greatest Albums of All Time” in December 2023. What’s more, his story is currently being told in a biopic across movie theaters. “Bob Marley: One Love” has earned $71.1 million domestically and $120.5 globally, according to Entertainment Weekly and Comscore (at the time of this writing). Though his life was cut short at 36, following a battle with malignant melanoma, t he Marley family continues to carry the torch of their father while also carving their own paths. At the time of his death, Bob did not have a will, and his inheritance was given to his wife, Rita, and 11 children. As AFROTECH previously told you, with that financial investment in each of his children, many have built on that foundation with net worths now reportedly set in the multi-millions. This includes...

Samantha Dorisca

Feb 28, 2024

How Shaquille O'Neal Turned A Visit To Carnival Cruise Line Into Another Home For His Chicken Franchise

Perhaps there is no off-limit terrain for Shaquille O’Neal, who is also taking over the seas! Among O’Neal’s various business ventures, he founded Big Chicken, a fast-casual restaurant that debuted in Las Vegas in 2018. While the the former basketball center has multiple ventures, he says he only pursues opportunities that he believes can change people’s lives, he previously told AFROTECH. “I try not to base everything on a monetary value,” he said. “I get a lot of deals. ‘Wear the shirt, put your name on it, we’ll sell it.’ I like investing in things that’s going to change people’s lives. I heard Jeff Bezos say that once, and that’s how he invests. So, I follow the strategy, and it’s been working very well for me.” Launching Big Chicken makes perfect sense for O’Neal. He grew up eating various chicken dishes made by his mother, Houston Press reports. “This is my creation—Excuse me, this is my mama’s creation. Coming where we come from, me and this little guy had to eat chicken a...

Samantha Dorisca

Feb 28, 2024

Angela Yee Reflects On How The Late Michael K. Williams Left An Impact On Her And Others — 'That's Why I Do The Juice Bar'

One commonality among the greats is their ability to shape a more promising tomorrow for upcoming generations. In February 2024, 18 Black leaders were recognized by Time magazine in its inaugural list of ‘The Closers,’ which amplifies change-makers who are working to dismantle the racial wealth gap. Among those were Angelica Ross; Aurora James; Arian Simone and Ayana Parsons of Fearless Fund; and Issa Rae, who recently revealed she has secured investors to build out a studio that will provide opportunities for creators. During Time’s Impact Dinner : The Closers! held in Midtown Manhattan, NY, on Feb. 22, Rae reflected on her recognition and her impact over the years. She shared she has come a long way since her early days on YouTube through her web series “Awkward Black Girl.” She is the founder of independent media production company Hoorae Media, became the producer of two former shows for HBO (“Insecure” and “Rap Sh!t”), and dove into the spirits industry through the launch of...

Samantha Dorisca

Feb 27, 2024

Are KFC, Taco Bell, And Other Fast-Food Restaurants Using AI To Track Employees?

Employers have officially begun to use artificial intelligence (AI) to track employees’ productivity rates while on the job.

Shanique Yates

Feb 27, 2024

Here's How Much Money Elon Musk Makes Per Second

Elon Musk, entrepreneur and CEO of companies like Tesla and SpaceX , is not only known for his innovations but also for his staggering wealth. In 2022, Musk made headlines when he invested a whopping $44 billion in X, formally known as Twitter. This move sparked discussions about the investment’s value and impact on the platform. Despite expressing buyer’s remorse and even joking about it on social media , Musk’s financial decisions continue to fascinate the public’s attention. How Much Money Does Elon Musk Make Per Second? Elon Musk earns approximately $656 per second, according to CoinCodex . This estimation is from Musk’s reported estimated net worth of $205.2 billion as of January 2024 and the span of over a decade during which he accumulated his wealth. Musk’s earnings per second are over $43,000 per minute, nearly equivalent to the annual full-time wage in the US of $53,490. Musk earns a year’s salary in just one minute, and it takes him only a week to reach a nine-figure...

Corinne Dorsey

Feb 27, 2024

The Perfect Morning Routine To Set You Up For Success

For professionals, a consistent morning routine can be an asset in beginning your day on the right track. With an established morning routine, whether waking up at 5 AM or 9 AM, you will have a stronger foundation to set the tone for an effective workday . If you find it hard to fall asleep before midnight, trying to force yourself into the early-rising club may lead to exhaustion. It’s essential to listen to your body’s natural rhythms. Even if mornings aren’t your strong suit, you can still establish a routine that aligns with your body’s preferences. By prioritizing consistency and finding a schedule that works for you, you can create a morning routine that sets you up for success without sacrificing sleep or well-being. Popular Steps To Include In Your Morning Routine A well-crafted morning routine can lay the foundation for a successful day ahead by setting a positive tone for your daily activities. Adding intentional habits into your morning can help you feel more focused and...

Corinne Dorsey

Feb 27, 2024

Polaris Sets Out To Champion Diversity By Empowering Black Women To Explore Powersports

Black women have historically dominated gymnastics, track and field, and tennis. Now, they’re getting behind a new wheel! In February, Polaris — a global leader in the powersports industry — tapped more than 12 Black women in media for an unconventional Galentine’s Day adventure in the Mojave Desert of California. Traditionally, the holiday is celebrated among women over dinner, wine, and desserts, but the powersports brand gave select Black and brown women an invitation to “Think Outside” on Galentine’s Day. “We want diverse women to confidently ‘Think Outside’ — feeling safe and welcomed to do so by seeing their peers and counterparts engage in our activations,” a Polaris rep shared with 247 Live Culture. Per the outlet, the adventure began with a trip to Big Bear Lake, where women from varying backgrounds bonded over their excitement about the adventure as well as their lack of experience with offroading. After reaching the lodging destination, the group was greeted with...

Maya Muldrew

Feb 27, 2024

How Will Toms Is On A Mission To Generate 'Resources For Every Creator' Through His Creative Incubator And Agency In Philadelphia

“Independent doesn’t mean alone” is the motto behind the movement this Philadelphia, PA-based creative incubator and agency has been building.

Ngozi Nwanji

Feb 27, 2024

$40M High-Rise Development In Chicago's South Side Led By 5 Black Men Will Later Integrate Youth Entrepreneurship Program

Jemal King is holding on to his commitment to provide financial security to his family. WLS-7 in Chicago, IL, reports King once desired to play in the NFL. However, the goal never materialized, and he chose to become a police officer instead. “I said to myself that just because I didn’t make it to the NFL did not mean that the vision and the dream I had, taking care of my family, that didn’t have to stop,” King told WLS-7. While maintaining his 9-5 job as an officer, King decided to venture into the real estate industry. He saw great success and came to be known as the “9-to-5 millionaire” the outlet notes. King is also part of a real estate group that includes Mark Beaufort, Damen Stuart, Gerald Williams and Johnny Mullins. The five men started the group called “Model of Transformation,” which is behind a $40 million high-rise building that will honor Black American culture. The 17-story development project named “The Xchange” will be located at 72nd Street and Exchange Avenue in...

Samantha Dorisca

Feb 26, 2024

Earl Patrick Cole And Brian Yennie's Airless Bicycle Wheel Is Among 'Time's Best Inventions Of 2023'

Imagine a life free from the hassle of dealing with a flat tire. Well, this is now closer to possible thanks to Earl Patrick Cole and Brian Yennie. In 2020, Cole and Yennie were among those who participated in the FedTech NASA Startup Program. There they were exposed to airless tires that NASA engineers had created for the agency’s moon and Mars rover missions using Shape Memory Alloy Radial Technology, or SMART . The tires, which are made with nitinol — a combination of nickel and titanium — cannot be punctured and will not require air to operate, Fast Company reports. Spurred by this technology, The SMART Tire Co. hit the ground running that same year, with the aim to revolutionize the transportation industry “from the ground up,” as stated on the company website. Its current benchmark is focused on bicycles, which was intentional as there are less regulations in comparison to the automotive industry, the outlet notes. The SMART Tire Co.’s first product is the airless bicycle...

Samantha Dorisca

Feb 26, 2024

Whoopi Goldberg Invests In Blkfam, A Streaming Platform Catering To Black Communities, Founded By Digital Marketing And Media Vet Larry Adams

Whoopi Goldberg is investing in the culture. Variety reports the EGOT winner (Emmy, Grammy, Oscar, and Tony Awards) has become an equity investor in Blkfam, a family-focused streaming platform that “entertains, educates and celebrates Black American family-friendly content.” Larry Adams, founder of the streaming service, pushed forward with the venture after seeing “a ton of R-rated content” from popular streaming services when looking for Black programming for his family. “Black culture and content is so often stereotyped, siloed or written off, so I wanted to create a platform where my kids and I can be entertained without having to face those same daily biases,” Adams told Variety. “By curating authentic content — proven through data and AI — primarily from Black storytellers, we’ve built a service reflecting true inclusion and diversity, where Black parents and children especially can feel holistically represented.” In 2023, Adams reached out to Goldberg to gauge her interest in...

Samantha Dorisca

Feb 26, 2024

Sheryl Lee Ralph’s 2 Children, Etienne And Ivy Maurice, Open Wellness Studio Alongside Their Cousin Marley Ralph, Which Offers Yoga Classes

Self-care is not only a vibe, but it’s necessary. With many people tapping into what it means to engage in self-care, the concept has manifested itself in many forms. One of the ways people have historically engaged in self-care is through yoga. And WalkGood Yard provides spaces for yoga enthusiasts of all levels.

Josh Rodgers

Feb 26, 2024