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Cherryrock Capital has raised $172 million to support diverse founders. The venture capital firm, founded in 2023 by Stacy Brown-Philpot (Managing Partner) — head of Alphabet Inc.’s online sales and operations in India and board member at HP Inc., StockX, and Noom Inc. — provides Series A and B funding to underrepresented founders of software companies driving innovation, according to its website. The VC firm, backed by a team with over 60 years of operating experience, has closed its first fund at $172 million, Bloomberg reports. “Today, I’m thrilled to announce the launch of Cherryrock Capital, the first fund focused on investing at the Series A & B stages in underinvested entrepreneurs …Cherryrock Capital is about being the foundation of success for the next generation of entrepreneurs…We’re on a mission to change the face of wealth creation and build an enduring institution. We are looking for founders who have the courage to be audacious in their vision, accountable to their...
StockX is prepping to go public next year, and ahead of the announcement, it’s building up its board of directors. Business Insider reports that the online retail marketplace has appointed former TaskRabbit CEO Stacy Brown-Philpot as its first female director to its board. In addition, she will continue to serve on the boards for HP Inc., Nordstrom, weight loss app, Noom, and act as a founding member of the SB Opportunity Fund — an investment firm focused on backing founders and entrepreneurs of color. According to Insider, Brown-Philpot’s pride as a Detroit native is what encouraged her to join StockX’s board. “I’ve been following StockX for a long time because I’m from Detroit and this is one of the most successful companies to be started out of my hometown,” she tells the outlet exclusively. With her years of expertise in consumer marketplaces, StockX CEO Scott Cutler is confident that Brown-Philpot’s dedication to creating opportunities for diverse communities will help bring a...
When taking a look at Mattaniah Aytenfsu’s resume, your first guess wouldn’t be that she had no prior experience within her pursued field going into her freshman year of college. While balancing being a student in college, the young science, technology, engineering, arts, and mathematics (STEAM) student worked with the likes of NASA and TaskRabbit — which eventually led to Google. At 24-years-old, Aytenfsu is a UX engineer for YouTube and a budding TikTok influencer.
In honor of Black History Month, we here at AfroTech, wish to recognize the efforts of Black scientists, technologists, and entrepreneurs. Throughout history, Black American accomplishments have revolutionized not only our country but the world at large. While there are many more, here are 28 Black pioneers in science, technology, and business today you should know about: Asmau Ahmed, Founder of PlumPerfect View this post on Instagram A post shared by The Next IT Girl (@thenextitgirl_) Asmau Ahmed is a Senior Strategist that has led corporate strategy and digital innovation for established and emergent organizations in a number of industries including financial services, and consumer retail. She thrives on identifying and growing (digital) companies that have the power to transform the way everyday people do everyday things. With experience in both corporate and entrepreneurial leadership, she has honed her skills in assessing the business viability and risk profile and in...
What would you do with an extra $500? Kickstart your emergency fund ? Finish paying off one of your credit cards? Or would you need the money to pay your bills? According to the Federal Reserve, 44 percent of American adults would have difficulties handling an unexpected expense of $400. I remember the days when I looked ahead to the end of the month with disappointment, knowing that my money would run out before I got there. To stave off some of those feelings of fear, I began looking for ways to make money. Quick ways to make money in 30 days When facing a difficult financial situation, you might have a bit of time to make ends meet. If you have 30 days to get back into good standing — or even if you’re just looking for a regular way to make an extra $500 each month to meet your goals faster — there’s good news. The following ideas can be quick ways to make money. Do two or three items on this list, and you could earn $500 by the end of the month. Start by selling something Some...
Not all debt is bad. And sometimes, it’s necessary. Debt may allow you to buy a home, car or another big-ticket item you might want or need. You may even take out a loan to cover medical costs. But for those facing massive amounts of debt, especially high-interest student loan or credit card debt, it can be difficult to make ends meet, let alone save for emergencies or retirement. If you’re in this boat, you’re not alone: Looking at personal loans alone, Americans owe a collective $125.4 billion in mid-2018, according to our study on personal loans . If you’re feeling overwhelmed by debt, we get it. But take a deep breath, and then consider these five tactics to start slaying it. Repay your debt with these 5 strategies Put your assets to work Consolidate your debt Save without trying Finally create that budget Pick up some side gigs 1. Put your assets to work Technology has made it possible for you to generate extra income using things you already have. For example, do you have a...
Editorial Note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the financial institution. You have a good job, pay your bills on time and make your monthly student debt payments. Then the worst happens: You lose that job and get stuck with the daunting combination of unemployment and student loans. Becoming an unemployed student loan borrower can freak you out. But don’t worry — you actually have quite a few options to manage those loans while you’re out of work. Here are some ways you can keep your student loan debt in check until you land another job: How to pay student loans if you’re unemployed It’s important to keep a clear head when you’re unemployed and juggling student loans. The last thing you want to do is rack up even-higher-interest debt by using a credit card to cover...
Nestled inside Google’s New York office is Black Girls CODE, an organization introducing young girls to computer programming. Today, the organization opened a newly redesigned New York Tech Exploration Lab at the headquarters. The nonprofit also announced a new Board of Directors at the grand opening. “We’ve been working with Google to improve diversity in the STEM industry since we were founded,” said Black Girls CODE CEO Kimberly Bryant in the news release . “Here we will hold workshops, host talks, and also provide after-school and summer programs for students eager to learn skills for building mobile apps, virtual reality games, and more.” The innovative space is designed to look inside of a computer with the goal of engaging Black Girls CODE students around intimate experiences with new technologies used in workshops on subjects like game development, robotics, virtual reality, blockchain and more. The ceiling looks like a motherboard, the floors have copper touch points, and...