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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...
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”...
Colin Kaepernick hasn’t taken an NFL snap since 2017, but he’s never been idle. While the league may have shut its doors, Kaepernick has been steadily opening new ones, quietly constructing an empire grounded in justice, creativity, and economic power. His path since leaving the NFL hasn’t just been one of resistance. It’s been one of reinvention. Kaepernick’s legacy began to shift in 2016 when he took a knee to protest police brutality and racial injustice while playing for the San Francisco 49ers. The moment cost him a job in the NFL, but it cemented his voice as one of the most powerful in American public life. And instead of retreating, he leaned in, turning his influence into a platform for economic change and cultural ownership. Kaepernick has proven that social activism and wealth-building aren’t mutually exclusive through a broad portfolio of business ventures, investments, and creative initiatives. They can be mutually reinforcing. Colin Kaepernick’s Storytelling Journey...
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...
In an industry that thrives on creativity and innovation, Black-owned marketing agencies are making a significant impact by offering fresh perspectives and culturally relevant campaigns. These agencies are not only shaping how brands communicate with diverse audiences but are also fostering inclusivity within the marketing world. Here are seven Black-owned marketing agencies that are leading the way in creativity, strategy, and results. 1. Burrell Communications Founded in 1971 by Tom Burrell, Burrell Communications is one of the pioneering Black-owned marketing agencies in the United States. With a mission to redefine how brands communicate with African American audiences, Burrell has worked with iconic brands like McDonald’s, Coca-Cola, and Toyota. The agency blends cultural insights with powerful storytelling to create campaigns that resonate deeply with consumers. 2. BLKBOX BLKBOX is a digital marketing agency that specializes in developing strategies tailored to multicultural...
Once again, Kai Cenat has broken a Twitch record. As AFROTECH™ previously reported, Cenat is in the midst of “Mafiathon 2,” a 24/7 stream running throughout November 2024. So far, the Twitch stream has featured guests such as Lil Uzi Vert, Snoop Dogg, GloRilla, Quavo, and most recently, Serena Williams. Cenat shared several goals for the stream, including allocating 20% of earnings toward the school he is building in Nigeria. He says the project was inspired by singer and streamer Ironmouse, who previously held the title of the most-subscribed creator on Twitch and also raised funds to support the Immune Deficiency Foundation. “Shout out to Ironmouse, because she inspired me to make sure to give a lot of this bread that’s coming in to a good cause,” Cent explained. To no one’s surprise, one of Cenat’s goals was to reclaim his title, which was previously taken by Ironmouse on Sept. 30, 2023, with more than 312,000 subscribers, Rolling Stone notes . Eleven days into “Mafiathon 2,”...
If you’re a big music fan, you’ve certainly heard your fair share of Babyface tracks over the years. The multi-talented artist , who celebrated his 65th birthday back in April, has released more than two dozen chart-topping R&B classics over the course of his historic career, resulting in a staggering 13 Grammy Award wins. Even with all his success, Babyface’s massive net worth may be quite shocking to some listeners, since many artists from his generation have struggled to flip their musical highs into prudent financial investments . According to Celebrity Net Worth , Babyface touts a staggering nest egg of over $200 million, earned mostly through music royalties, producer credits and a few high-priced real estate ventures. Perhaps the most shocking aspect of Babyface’s massive wealth is the fact that his net worth was once halved following a contentious divorce in 2005. This means that the musician could have stacked millions more if it weren’t for losing a nine-figure sum in the...
Victoria Monét put her earnings from a publishing deal to good use, and it’s paying off. For more than a decade, the “Alright” singer has put time and dedication into the entertainment industry. As AFROTECH™ previously reported, the Atlanta, GA, native developed a knack for performing as a pre-teen at a dance camp. This early experience sparked her interest in songwriting and motivated her to move to Los Angeles, CA. Since 2010, Monét has collaborated with prominent artists, putting pen to paper for talent such as Brandy Norwood (“Rather Be”), Chloe x Halle (“Do It”), and Ariana Grande (“Thank U, Next”), USA Today reports. Investing Into Her Dreams While creating hits for other artists, she was also in the process of cultivating her fanbase. At one point, she described herself as a “struggling songwriter,” but her early belief in success inspired her to invest more deeply into her craft. However, she encountered several learning curves, including vocal production and engineering....
Tim Scott is a United States Senator from South Carolina and a prominent figure in American politics. He made history as the first African American senator from the South since Reconstruction and has been a significant voice in the Republican Party. Known for his advocacy on economic empowerment, tax reform, and education, Scott has built a substantial career in public service and private enterprise. But how has his career translated into his personal wealth, and what is Tim Scott’s net worth? Tim Scott’s Net Worth In 2024 As of 2024, Scott’s estimated net worth is around 2 million dollars. Scott’s wealth has been accumulated through a combination of his earnings from public service, his career in business, investments, and book deals. Let’s dive deeper into the different facets that have contributed to his financial standing. Sources Of Income Salary As A U.S. Senator Scott’s primary source of income is his salary as a U.S. Senator. Senators earn an annual salary of approximately...
It’s hard to discuss Hip-Hop’s legendary impact without mentioning certain names, and one of those is West Coast icon Snoop Dogg. From his debut song “Who Am I? (What’s My Name?)” to his commentary on the 2024 Olympic Games, Snoop Dogg has become a household name across various intersections of the entertainment industry. As the current owner of Death Row Records, he is reconnecting more intentionally with his musical roots. According to a previous AFROTECH™ report, the deal follows the release of Snoop Dogg’s latest album, “B.O.D.R.,” which dropped on Feb. 11, 2022. “I am thrilled and appreciative of the opportunity to acquire the iconic and culturally significant Death Row Records brand, which has immense untapped future value,” the 52-year-old emcee said in a statement to NPR in 2022. “It feels good to have ownership of the label I was part of at the beginning of my career and as one of the founding members. This is an extremely meaningful moment for me.” Snoop Dogg is now...
It’s a full circle moment for Dwayne Johnson, who has secured full ownership of “The Rock” trademark. According to ESPN, the former wrestler who has gone on to become an actor and businessman has been appointed to the board of directors of TKO Group Holdings Inc., which is the parent company of WWE and UFC after Endeavor merged the two entities. “I am thrilled to partner with Dwayne and welcome his immense talent to TKO’s Board,” Ariel Emanuel, CEO of TKO and Endeavor, shared in a statement, per The Hollywood Reporter . “Dwayne brings an incredible track record of creating content and building globally recognized consumer brands, and he will play a key role in realizing our ambitions for TKO.” What’s more, Johnson now has full ownership of “The Rock” trademark and has landed a services and merchandising agreement under the deal. For Johnson, who is a 10-time WWE champion and would go on to pursue a career in the entertainment industry as a blockbuster actor, he describes the feat as...
Mari Copeny will be receiving a special honor for her extraordinary efforts to better the Flint, MI community. According to Billboard, Copeny, 14, will become a Billboard Music Awards Changemaker at the upcoming “2022 Billboard Music Awards” (BBMAs), joining former recipients like Trae The Truth and Killer Mike.