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Collab Capital, which backs early-stage founders, has closed its second fund. Collab Capital’s Mission The venture capital firm was co-founded in 2019 by Jewel Burks Solomon, the former head of Google for Startups in the U.S., to advance innovation across work, health care, and infrastructure and invest in financial, human, and network capital, its LinkedIn mentions. The firm had previously raised $50 million in its first fund, which has enabled investments in 38 early-stage startups, including Goodr, a food waste startup that is launching a “first-of-its-kind” community space in Atlanta, GA. The new Goodr Community Market at Edgewood will allow 200 families to shop for free and will give $5 deli meals to kids that visit the space with books, the company noted on LinkedIn. Everything in the market is also SNAP-eligible. $75M Raise Collab Capital wants to further its investments in founders addressing “big, systemic problems,” according to TechCrunch. It has now closed its second...
Salt-N-Pepa are taking Universal Music Group (UMG) to court. Comprised of Cheryl “Salt” James and Sandra “Pepa” Denton, the rap duo Salt-N-Pepa — who has released 11 albums since their debut in 1986, according to Genius — has filed a lawsuit over their masters . According to the Associated Press, they allege that ownership of their masters should be transferred to them and that UMG is in violation of the Copyright Act of 1976, which states that artists have the right to reclaim ownership of their masters and can void previous agreements after several decades. In 2022, the pair first filed to terminate the terms they had established with UMG, stating they were “eager to retake full ownership of their art and legacy,” and adding, “inexplicably, UMG has refused to honor” their rights. The pair believe they should have ownership of their masters for albums such as debut “Hot, Cool & Vicious” (1986), “Push It” (1987), and by 2026, “Very Necessary” (1993). In response, UMG said in a June...
Cleveland, OH’s first Black-owned brewery has touched down. The origins of Black Frog Brewery traces back to 2014 when its founder Christopher Harris, who is also a husband, father, and veteran, began working on the craft from his garage, an Instagram post reveals. Two years later, he scaled the business from his garage to its first location in Holland, OH, and it has been a part of the nearby community ever since. According to its website, Black Frog Brewery offers five different core beers crafted in-house: Amphibian (Pale Ale); Flying Frog (India Pale Ales); Cream of the Frog (Cream Ale); Ebony Prince (Milk Stout); and Froglicious (Honey Brown Porter). It also offers specific brews for its summer, spring, fall, and winter seasons and has a lineup to honor legends in the Hip Hop community such as Left Eye (Kolsch Watermelon) and Aaliyah (Kolsch Raspberry). “Our Hip Hop Beer Series, where we raise a glass to hip hop legends! Each brew is crafted with inspiration from our...
Bobby Brown reveals the one business move he wish he had implemented at the start of his career. Brown’s rise to fame was through New Edition, which also included members Ricky Bell, Michael Bivins, Ralph Tresvant, and Ronnie DeVoe. The group infamously got their start in the industry after signing a $500 deal with musician and producer Maurice Starr, as AFROTECH™ previously told you. Their hit singles include “Can You Stand the Rain” and “If It Isn’t Love.” Brown later went solo after being voted out of the group, launching a highly successful career that saw him sell over 12 million physical copies. The success of his sophomore album, “Don’t Be Cruel,” alone was enough to set him up for life. He also made several business moves that benefited his career, including his publishing deal, which was structured by his mother and management team. “I saw a lot of it, because my deal was situated in a way where I made dollars on each record, not pennies,” he said on the “Club Shay Shay”...
A resource for minority-owned businesses may be impacted due to a new round of federal job cuts. Inc. reports new changes are underway at the Minority Business Development Agency (MBDA), which was first established in 1969 by former President Richard Nixon. Under former President Joe Biden’s administration alone, the MBDA helped provide 23,000 jobs and $3.2 billion in contracts to minority enterprises, the outlet notes. The Trump administration sent an email on April 17, 2025, stating that federal grants to the agency, which operated about 38 business centers, were being dismantled, as the administration believes the funding is “no longer consistent with the agency’s priorities and no longer serves the interest of the United States and the MBDA program.” President Donald Trump’s orders will be a drastic hit to many Black and other entrepreneurs of color. Louisiana’s business center, which worked with hundreds of businesses, was told the MBDA is “repurposing its funding allocations...
Duane Martin is one of those actors who disappears and reappears like a Maxwell album. You know he’s “ in the lab cookin ” and will pop out when he feels like it. On Election Day, he asked men to fight for women’s rights. Then, after not-so-subtly hinting at his presidential pick, he stepped out of the limelight again. Still, when his fans want to see him, it’s not hard to find him in Bel-Air , The New Edition Story , The Seat Filler with co-star Kelly Rowland , Deliver Us from Eva, Out All Night , Any Given Sunday and his longest-standing project as Robert James Sr. on All of Us . But while he’s playing the background right now, his fans may still wonder what is Duane Martin’s net worth? Kevin Winter/Getty Images Martin’s Ties To Will Smith Martin and rapper-actor Will Smith have been seen together on more than a few occasions. They’re not just co-stars or business partners. They’re also friends. Even in Jada Pinkett Smith ‘s book Worthy , the actress told a comical story about a...
If you’ve been tuned into the news lately, you’re likely familiar with the term ‘noncompete agreement.’ Despite the term being used a lot in modern discourse, you may not have a full functioning knowledge of what a noncompete actually is. The Federal Trade Commission recently issued a rule banning noncompete clauses for a wide array of business ventures , estimated to impact over 30 million people. The ruling will render existing noncompetes relatively unenforceable, and prohibit major companies from issuing new ones, even for their high-ranking execs . Luckily, if you haven’t signed one of these yourself in recent years, you likely don’t need to worry about them. Of course, it’s still good to be in the know, so you know your rights when beginning a new job, or executing a contract with another business. So, what is a noncompete? Does it impact your profession? And what are the pros and cons? Continue reading below to have all these questions and more answered, as we dive into the...
It’s no secret that Destiny’s Child is not only one of the biggest girl groups of all time but also at the top of the best-selling. Before officially saying goodbye to their fans in 2006, the legendary group sold over 60 million records, according to Capital Xtra. While the trio of Beyoncé Knowles-Carter, Kelly Rowland, and Michelle Williams were a force together, they each went on to pursue successful careers in their own lanes. However, during Williams’ journey, she briefly hit a turn. In an interview with UBS, the Grammy-award winner shared that a lack of communication and misunderstanding with her financial advisor turned into a “substantial investment loss.” “Knowledge is powerful. Ask questions. It’s your money—you have a right to know what’s being done with it,” Williams told the outlet. But, we already knew that she was a survivor . Bossing up after the initial setback, Williams’ net worth sits at $10 million, according to Celebrity Net Worth. Now, here’s a look inside all...
In a recent interview with AfroTech, Bobby Brown — once known as the “bad boy of R&B” — expressed his desire to leave a specific legacy for his children. “I hope that people learn to understand that you will go through ups and downs in life, but it’s just about how you deal with them,” he said to AfroTech exclusively. “I want people to really pay attention to the fact that I am still standing, I am still touring. I am still doing everything that I have done in the past as far as entertainment is concerned. I’m moving on and pushing on as hard as I possibly can.” He also revealed that he had a new business venture: an eponymous barbecue sauce, which he co-founded with his wife, Alicia. “We’re so fortunate that he is multitalented on the stage as well as in our kitchen,” she said. “Bobby is definitely a favorite of ours for being the chef whenever we have any kind of major events, family gatherings, anything you can think of — everybody wants Bobby Brown to cook. So, I thought that we...