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Betting on himself took Newark, NJ, native Vaughn Crowe from initially wanting to be more involved in finance as a career to being a managing partner of a VC firm. During his time working at philanthropist Ray Chambers’ family office, Wesray Social Investments, Crowe was a founding limited partner in Newark Venture Partners (NVP) — founded by Audible’s Don Katz — on behalf of the family office. At AFROTECH™ Executive Newark, Crowe recalled investing in NVP as he had a desire to be an entrepreneur. “ When the opportunity presented itself to go and run a fund and run a firm that I had backed as an investor, it was a natural transition for me doing what I was doing inside of a single-family office to becoming a fiduciary of a number of different investors and having responsibility for catalyzing next-generation software businesses and backing extraordinary founders,” Crowe shared in an interview with AFROTECH™. NVP focuses on health tech, industrial, and fintech with plans to build “a...
Ernst & Young LLP (EY) aims to equip Black and Hispanic entrepreneurs with the necessary tools to scale and grow their businesses through the official opening of applications for its 2025 cohort of EY Entrepreneurs Access Network (EAN). Since EAN’s inception in 2019, EY has supported Black and Hispanic/Latino-owned businesses for their impact on their communities and the overall American economy, according to the EY website. Already Black and Hispanic/Latino entrepreneurs have shown a proven track record of success, producing more than $183 billion and $800 billion, respectively. However, some roadblocks stand in the way of them reaching their full potential. Thus, EY wants to bridge the gap to access and resources for minorities throughout their entrepreneurial journeys. The 2025 EAN installment is another step toward helping them scale their businesses. “Black and Hispanic/Latino entrepreneurs are among the unsung heroes of our economy,” Nit Reeder, EY EAN program director, said...
Theodora Lee is the first Black vineyard owner and wine producer in Mendocino County, CA. Lee’s introduction to wine began when she was 8 years old, while she was helping her grandfather on his cattle farm in Texas. By the 1980s, she had developed a personal interest in wine. ”My dad picked wild Muscadine grapes and made home brew,“ she told The Press Democrat. ”Given that Muscadine was my first introduction to wine, I found that sweet and syrupy wine nasty. I really had no taste for wine until I moved to California in the ’80s and learned about fine wine.“ Lee chose a path in law , working more than 36 years at the Littler Mendelson, P.C. law firm and splitting her time between Yorkville Highlands, CA; Oakland Hills, CA; and Dallas, TX. However, her passion for wine led her to add a new title to her resume: wine producer. “My first introduction to a grape farm was in Healdsburg, [CA], and specifically Dry Creek Valley,“ she said. “Walking that vineyard made me want to become a...
Stormi Steele has seen firsthand the power of social media. Steele is the founder of Canvas Beauty, a beauty brand she conceived in a night, Forbes mentioned. It all started with a hair serum made with cayenne pepper in her kitchen, which she introduced to her clients at her hair salon. After her clients’ rave reviews, she was encouraged to sell the product. Now, Steele’s Hair Blossom Serum remains the leading product in its marketing sector, the outlet notes. “It just ended up having a life of its own after that,” Steele told Forbes. Steele found great success since the launch of her business in 2018. In its first year, Canvas Beauty sold more than 1 million units, according to information provided to AFROTECH™. In 2019, going viral led the business to earn 30,000 monthly orders compared to 6,000 before the exposure, per Forbes. However, the influx of orders prompted Steele and her husband and business partner, Courtney Beasley, to learn a quick lesson about running an online...
Rick Ross is auctioning off items for a good cause. According to Billboard, the rapper is teaming up with Julien’s Auctions to host Push It to the Limit: Luxury and Lifestyle, a two-day event held June 25-26 live and online with 800 items up for grabs. People mentions items such as Ross’ exclusive collection of street and contemporary art, designer wear, rare sneakers, and music memorabilia like Michael Jackson’s sealed “ONE” by Cirque du Soleil light-up glove , and more. Specific items include the Air Jordan Retro 5 “University of Michigan Fab 5” PEs (estimated value, $2,000-$3,000); Air Maxes (est. $1,000-$2,000); DJ Khaled “Father of Asahd” Air Jordans (est. $3,000-$5,000) and Virgil Abloh Off-White collaborations (est. $500-$700); Versace silk shirts (est. $500-$700); and designer sunglasses and varsity jackets (est. $200-$500); among others, per Billboard. View this post on Instagram A post shared by Julien's Auctions (@juliens_auctions) What’s more, in partnership with The...