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Daymond John's Mom Took Out A Loan To Invest In Him — Now He's Helping Other Black Entrepreneurs Gain Access To Funding

Entrepreneurship is a long, arduous journey that’s rarely linear. And, for Black entrepreneurs the process can be even harder. It’s no secret that minorities and female founders often struggle to secure capital when compared to white male founders. Even attracting as much visibility in mainstream media as other businesses — including social media growth — can be harder. Plus, not having a network of fellow entrepreneurs who understand the challenges can make the entire experience lonely. Daymond John, a serial entrepreneur, understands this process all too well. From his days launching the iconic streetwear apparel brand FUBU to parlaying his business acumen into the investor niche, John learned from his growing pains. Now, he wants to help other Black-owned businesses navigate those issues. From Hollis, Queens, To The Tank Today, John is a household name, thanks to his tenure on the ABC’s “Shark Tank.” But many people are familiar with him from FUBU, a streetwear brand he started...

Charles Phillips Commits $1M Gift to Cultural Landmark Apollo Theater As New Chairman of Board

The Apollo Theater has appointed a new chairman to its board of directors as it continues its mission to provide a cultural space for future generations. This week, the Harlem landmark named Charles Phillips — a former board member and Vice Chairman for the nonprofit — as its new Chairman of the Board, according to a press release. Phillips marked his new appointment with a generous $1 million gift to the theater’s Emergency Fund, which was created to ensure the theater’s continued financial stability amid its COVID-19 closure. “From his work on the Board’s Executive Committee to his generous $1 million gift to the Theater at this critical time, Charles’ commitment to the Apollo has been immense,” said Apollo Theater President/CEO Jonelle Procope in a statement . “His support, coupled with additional donations from many donors, has enabled us to meet the Emergency Fund’s $4 million goal, allowing us to create dynamic, free events and education programs on the Apollo Digital Stage...

Dec 4, 2020