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When passion exuded by investors matches that of the founders, it could be a win-win situation. On the latest episode of AfroTech’s Black Tech Green Money (BTGM), Blavity COO Aaron Samuels is joined by Slauson & Co. founders Austin Clements and Ajay Relan to discuss all things venture capital, which includes sharing their expertise on the world of investing. As an early-stage venture capital firm, Slauson & Co. invests in the tools and platforms of people to grow and expand small businesses. Their belief is rooted in the power of entrepreneurship with a focus on empowering founders regardless of their proximity to the traditional venture capital ecosystem. They truly believe that intentionality and inclusivity will take investors a long way when it comes to finding the best pool of founders to partner with. “There are a lot of diversity funds popping up, or a lot of people that are going after those markets and the question that comes with that is — ‘Is it too crowded or too niche...
During a time when building real-life connections can be a challenge, online communities have been a saving grace for many. The presence of groups on social media has heightened, which has transformed into an influx of people that strive to be sources of support and resources. Community leaders especially are using the impact of social media to reach the masses and create the change they want to see. Here are nine Black leaders making real impact that should be on your radar.
Chick-fil-A has just announced that it will donate funds to various nonprofits across the nation that are either Black-led or serve communities of color. According to a press release, through the 2022 Chick-fil-A True Inspiration Awards grants, 34 organizations will receive a portion of the $5 million donation. “Despite the challenges these organizations have faced in the past few years, the 2022 grant recipients have demonstrated incredible passion, perseverance, and leadership as they have continued to enact meaningful change in their communities,” Chick-fil-A, Inc. Vice President of Corporate Social Responsibility Rodney Bullard said in a statement. “We are inspired by the impact these organizations have on their communities every day, from providing essential items to those affected by Hurricane Ida, to enabling access to online education for students during the pandemic. We’re honored to invest in the future of these organizations and help them grow their incredible impact.”
In order for the Black community to thrive financially, it is imperative to have people who look like us on the inside working on our behalf! That’s where Malcolm Etheridge and his lesson on equity comes in. Etheridge is not only a certified financial planner, but a mastermind behind insurance, investment portfolio development, retirement planning, stock options, tax planning, and a plethora of other executive benefits. During the latest episode of AfroTech’s Black Tech Green Money, Etheridge, who also happens to be a speaker — and blogger –joined host Will Lucas to discuss all things equity — for the Black community, of course. “We talk so much in our community about equity and as you know equity is a big part of the tech ecosystem,” shared Etheridge. “One of the things many companies do to get great talent is provide equity on top of salaries.” He further explains just how equity levels the playing field within the workforce whether you’re someone who works in tech or not. “So...
Dolly Parton will always love Whitney Houston and her new noble revelation is proof of that. During an appearance on “Watch What Happens Live With Andy Cohen” this week, the singer and songwriter revealed that she’s been using royalties that she’s collected from Houston’s version of “I Will Always Love You” — which was originally sung by Parton — to invest in a Black Tennessee community, TMZ reports. In her interview with Cohen, she went on to explain how she purchased “my big office complex down in Nashville” and decided to buy the property in honor of the area’s Black community and Houston’s legacy. “I bought a property down in what was the Black area of town, and it was mostly just Black families and people that lived around there,” she said. “And it was off the beaten path from 16th avenue and I thought, ‘Well I am going to buy this place, the whole strip mall.’ And thought, ‘This is the perfect place for me to be,’ considering it was Whitney.” “So I just thought this was great,...
San Francisco has a goal to reinvest its multi-million dollar police budgets into Black-owned businesses in its community. According to an announcement from San Francisco Mayor London N. Breed, she shared that the city would be awarding $3.75 million from the Office of Economic and Workforce Development (OEWD) and the San Francisco Human Rights Commission (HRC) to its small Black business community as a means to divert the $120 million funding from law enforcement. The new move is part of the city’s Dream Keeper Initiative, which aims to mitigate the economic hardships in San Francisco’s Black community and help support rebuilding its economic power. “Across this country, and in our City, we’ve seen how the Black community’s economic growth and prosperity has historically been disrupted and marginalized,” Mayor Breed said in her statement. “This funding is part [of[] our efforts to undo the harm of generations of disinvestment and economic inequities. As we work to recover and make...
The global neobanking market is expected to reach an estimated $723 billion by 2028, according to Grand View Research. As more people handle their finances online, the neobanking industry has been getting a lot of love, but what are neobanks anyway? Neobanks are digital-only financial institutions that operate similarly to traditional banks, but without physical branches, The Balance explains. You typically access neobanks through mobile applications and online platforms. While neobanking can be convenient, have lower costs and are more easily accessible, they don’t have the same accreditation as traditional banks and are regulated much less. Above all, neobanking requires access to technology and internet, a luxury that not everyone has. Another thing to think about with neobanking is that even with access to technology and internet, consumers have to be comfortable and trust tech in order to invest in using online-only banking systems. Some neobanks like N26, Atom Bank and Monzo...
Here’s something to toast to! In a new partnership, EFFEN Vodka joins forces with Allies in Arts to create an official 2021 Pride 365 Bottle. According to PR Newswire, the bottle is a celebration of Pride, not only during Pride Month but year-round, and is the company’s commitment to building a more inclusive world. Street muralist and LGBTQQIA2S artist, Sam Kirk, has been commissioned to design the bottle which will celebrate Black and LGBTQQIA2S communities and spotlights each day as a new chance to live loud, vibrant, and proud. View this post on Instagram A post shared by EFFEN vodka (@effenvodka) “We’re huge fans of Sam’s work and thrilled with how the Pride 365 bottle came out,” said I van Hidalgo , Senior Marketing Director of Regional Brands at Beam Suntory in an official news statement. “There’s no doubting the immense obstacles and barriers the LGBTQQIA2S and Black communities continue to face, and we are honored to join forces with Allies in Arts and Sam to create the...
Steps by major companies and organizations are still being taken to ignite change and empower the Black community. On Wednesday, the NBA Board of Governors — in partnership with the National Basketball Players Association — announced that it will be contributing $300 million toward establishing the first-ever NBA Foundation dedicated to strengthening the Black community economically in an official press release . “On behalf of the NBA Board of Governors, I am thrilled to announce the creation of the NBA Foundation,” said NBA Board of Governors Chairman and Toronto Raptors Governor Larry Tanenbaum, according to the press release. “All NBA team governors recognize our unique position to effect change and we are committed to supporting and empowering young Black men and women in each of our team markets as well as communities across the U.S. and Canada.” The foundation’s mission is to strengthen access and extend support for high school, higher education, and “career-ready” Black men...
In the midst of two massive pandemics, Black America has been hit hard by COVID-19 and the emerging civil rights movement, which is liable to affect any person’s physical and emotional health. As a reminder of our duties to self-care and civic responsibilities, The National Urban League Young Professionals has partnered with the Houston Area Urban League , Honor Humanity , and E&J Gallo Winery to curate the Healthy at Home Inaugural Conference, BET reports . View this post on Instagram A post shared by NULYP (@nulyp) The Healthy at Home Conference aims to tackle all the current issues Black America is battling that have impacted us “financially, physically, emotionally, mentally and spiritually.” The Healthy at Home Conference is a complimentary community event that will take place July 14-18 from 7:00 p.m. – 11:00 p.m. with a week’s worth of events highlighting civic duties such as voting, investing, and participating in the census as well as a host of sessions addressing how we...