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What Is Patrick Mahomes' Reported Net Worth in 2023?

The Kansas City Chiefs quarterback, Patrick Mahomes, has become something of a household name thanks to his 2019 season with the team when he led them to their first Super Bowl appearance in 50 years. Even though he has only been at the pro level for a short time, other opportunities like endorsements with Subway and Adidas, as well as other high profile investments in the sports industry , have helped to propel his visibility beyond the sports world. With a career that seems to only be getting brighter with time, a common question many people ask is exactly how much is Patrick Mahomes worth these days? Patrick Mahomes’ Early Life Patrick Mahomes is a native Texan from the town of Tyler where he was born in 1995. He is the son of Pat Mahomes, who is a former MLB pitcher for several teams in the U.S. and who also played a few seasons in the Nippon Professional League in Japan. From a young age, Patrick always showed an interest in sports, having played basketball, baseball and...

Black People Looked To Crypto To Build Generational Wealth — Now, They May Be Getting Hit The Hardest

The cryptocurrency industry has been getting hit hard lately, and Black Americans who have tapped in seem to be amongst that group.

Ngozi Nwanji

Dec 21, 2022

ByteChek's AJ Yawn Announces Seed Funding Round, 'I Raised $3M From Majority Black Investors'

Gone are the days of compliance assessments that go on for hours thanks to ByteChek, a technology startup that just announced a $3 million seed round. According to a press release, ByteChek is a Miami-based cybersecurity compliance startup that has announced plans to enhance their all-in-one compliance automation solution for Service Organization Control (SOC 2), HIPAA, and International Organization for Standardization (ISO) 27001 compliance assessments. “Over the years, we’ve seen an increasing demand for automated solutions to solve compliance problems,” said ByteChek CEO and Founder, AJ Yawn, in an official press release. “We’re going to continue to lead the charge to simplify compliance and bring a solution to the market that doesn’t involve multiple providers and complex processes. ByteChek’s automated platform is ushering a new era of compliance automation.”

Shanique Yates

Dec 20, 2021

Meet The Black Venture Capitalists Who Are Not Only Raising Millions But Changing The Status Quo

It’s no secret that the startup world needs more Black investors and venture capitalists. Inc. Magazine reports Black founders are raising “record amounts of venture capital” in 2021, even though they only rang in 1.2 percent of all venture capital in the first half of the year. Last year, Black founders received only 0.6 percent of venture capital (VC) deployed. That’s unacceptable, and Black investors are stepping up to the plate to change that. Some notable Black venture capitalists making major moves in the VC world include Jarrid Tingle, co-founder and managing partner of Harlem Capital; Marlon Nichols, managing general partner at MaC Venture Capital; and Austin Clements, partner at Slauson & Co. The trio will hit the virtual stage at AfroTech 2021 during the “Black VCs: Raising Millions with a Mission” panel to discuss how they are working to raise millions of dollars to diversify venture capital investments. Ultimately, Nichols, Clements and Tingle want to put more dollars in...

Michelai Graham

Oct 29, 2021

Kappa Alpha Psi Brothers Launch Initiative To Help The Black Community Collectively Build Wealth

This fraternity is putting brotherhood to the test with a new initiative to help startups and their respective communities build wealth. According to Watch The Yard, 18 members of Kappa Alpha Psi Fraternity, Inc. from all over the nation have partnered with 12 Black and brown executives to form an Equity Crowdfunding Portal. Seed At The Table is FINRA approved and a win-win situation as that it will provide access to capital for diverse founders and allow investors to place their stake in private businesses at lower minimums. “[Seed At The Table] is committed to spurring economic advancement and firmly believes both a founder’s ability to access capital and an individuals’ ability to invest in the business and products they consume are paramount to the viability of Black and Brown commerce,” said founding member and brother of Kappa Alpha Psi, Pierre Le Veaux, in an interview with Watch The Yard. Generally to invest in an early-stage startup, one must have an accredited investor...

Shanique Yates

Oct 15, 2021

NBA's Chris Paul Joins Digital Media Startup Greenfly As Strategic Investor And Partner

Phoenix Suns star Chris Paul is one of the newest faces to join digital media startup Greenfly’s latest funding round, and the perks come with some new titles. TechCrunch reports that the NBA All-Star’s investment will have him serve as a strategic investor and partner in the company through its $8.4 million strategic growth round. Existing investors in the round include Go4it Capital, Elysian Park Ventures, Alpha Edison and Iconica Partners, as well as others like Verance Capital, Higher Ground Labs, DD Venture Capital, SW19 Ventures, LinkinFirm and Allievo Capital. Greenfly’s new funding round puts the company at over $23 million raised since it was first founded by former Major League Baseball (MLB) All-Star Shawn Green and his cousin Daniel Kirschner — who previously served in senior roles at the U.S. Department of Justice, the Federal Communications Commission and Activision Blizzard. Greenfly is a company that considers itself a “leader in digital media monetization,”...

Njera Perkins

Aug 24, 2021

Jay-Z, Roc Nation Invest In Digital Sports Platform Fanatics Now Valued At $18 Billion

Global online sports retailer Fanatics has reached a whopping valuation of $18 billion thanks to some big time investors. CNBC reports that the sports e-commerce merchandise company has secured an additional $325 million in its latest round of funding to help expand its online offerings. Some of its many investors include Jay-Z and the rapper’s entertainment company, Roc Nation. Other major investments in the platform come from companies like MLB, SoftBank, Silver Lake, Eldridge, TWG Sports Media & Entertainment, and Insight Partners. According to The Wall Street Journal, Fanatics says that it expects to rake in $3.4 billion in revenue this year — a major increase from $2.6 billion in 2020 — and with its new valuation it may just reach that goal. For everyone involved, including Jay-Z, an investment in Michael Rubin’s Fanatics could mean supporting the future of sports merch as we know it beyond apparel and memorabilia. The company’s next move is to transform itself into a digital...

Njera Perkins

Aug 10, 2021

Jay-Z, Will Smith Invest In Credit-Building Startup Helping Renters Become Homeowners

Jay-Z and Will Smith are betting on a rent-to-own startup company that’s making homeownership more accessible to all. According to TechCrunch, the two business moguls have joined a group of investors for a $165 million Series A equity funding round for Landis Technologies — a company that helps people transition from renting to owning — through Roc Nation and Will Smith’s Dreamers VC. “We are proud to have invested in Landis,” Smith said in a statement. “Landis is an innovative company that also has a social mission we are aligned with. We are excited to be part of a journey that helps Americans achieve homeownership through financial education.” Neil Sirni — co-founder and President of Roc Nation’s venture investment arm Arrive — echoed Smith’s statement saying, “we believe that Landis is determined to build a company that consumers can trust. Our investment demonstrates our commitment to supporting Landis on their mission to make the path to homeownership more accessible,...

Njera Perkins

Jul 27, 2021

Kevin Durant, Odell Beckham Jr., Will Smith Join Funding Round To Back Investment Platform Titan

An all-star lineup of pro-athletes and celebrity investors have joined the latest funding round for investment platform Titan. According to a press release, Kevin Durant, Odell Beckham Jr., Will Smith and others have participated in fundraising for a $58 million Series B on behalf of Titan — a firm that brings premier investment management to the everyday investor. The round was led by Andreessen Horowitz (a16z), with participation from existing investors such as General Catalyst, BoxGroup, and Ashton Kutcher’s Sound Ventures. Titan reports that its new funds will be used to make substantial strides in building out its platform and suite of investment products, as well as scaling its core functional teams. Amidst the new wave of building wealth in our society, Titan acts as a modern-day catalyst jumpstarting a new generation of investors looking to easily manage their investments. With help from its star-studded investors, Titan hopes to continue scaling the company to be a useful...

Njera Perkins

Jul 26, 2021

Nigerian Angel Investor Olumide Soyombo Co-Launches Fund To Bridge Funding Gap For African Startups

After years of investing on his own, Nigerian angel investor Olumide Soyombo is launching his own venture to support African-based startup companies. According to TechCrunch, Soyombo — a known high profile angel investor in Nigerian tech and African startups — today has announced the launch of Voltron Capital — a Pan-African venture capital firm co-founded with Abe Choi — which will invest in pre-seed and early-stage companies in Africa. The outlet also reports that Soyombo’s goal for the new firm — which aims to start off with 30 startup investments — is to ultimately “address the severe lack of access to early-stage funding for African tech companies.” The investment sizes will range from $20,000 to $100,000 and focus on startups based in Nigeria, Kenya, South Africa and North Africa. Soyombo is recognized as a prominent and influential figure in Nigeria’s tech ecosystem, as he has access to almost any important deals happening in the market on account of his respected reputation....

Njera Perkins

Jul 26, 2021

Serena Williams Backs Rent-Reporting Company Esusu To Help Support Underserved Communities

Tennis superstar and philanthropist Serena Williams is giving back to underserved communities by backing leading rent reporter fintech company Esusu. According to a press release, Williams participated in the company’s $10 million Series A funding round — led by Motley Fool Ventures — with an undisclosed “significant investment” through her venture capital firm, Serena Ventures. In speaking with CNBC, Williams shared that she started her company to “invest in diverse founders and early-stage companies that outperform and generate impact, while at the same time empowering others and creating opportunities” — thus identifying Esusu as one of those very companies. “Esusu is really focused on credit building and creating pathways to financial inclusion for not only working families but for individuals as well,” she shared in a press statement. “Their services also make rent reporting seamless – finally giving renters credit for what often is their largest expense every month. Last year,...

Njera Perkins

Jul 19, 2021

BLCK VC Launches Scout Network To Better Support Aspiring Black Investors

Nonprofit firm BLCK VC teamed up with Sequoia Capital and Lightspeed Venture Partners to launch a network that supports the next generation of Black investors. There has been an emergence of scout programs in the venture capital sector, which have helped better connect founders, operators, and angel investors (If you’re unsure of what venture capital scouts are, think of them as the bridge between venture funds and promising companies looking for support). Through the BLCK VC Scout Network, Black investors will be able to tap into training, mentoring and networking opportunities. BLCK VC launched this initiative after recently discovering that only three percent of venture capital investors are Black. The firm is working to increase diversity in venture capital, so this new network is a step in the right direction. The BLCK VC Scout Network program will take place over six months, across three phases focused on education, community , and deal flow. Twice a year, BLCK VC will welcome...

Michelai Graham

Jul 13, 2021

Rapper Fetty Wap Talks Going Head-First Into Crypto And NFTs, 'You Can't Afford Not To Educate Yourself'

Of all the buzzwords and concepts in the tech sector today, cryptocurrency is perhaps the most misunderstood. Although many people can’t tell the difference between digital currency and cryptocurrency (in a nutshell: all crypto is digital currency, but not all digital currency is crypto), even more people have huge misconceptions about cryptocurrency (no, it will not destabilize the American dollar — Wall Street’s habit of playing blackjack with our retirement funds is doing a great job of that on their own). And, of course not a day goes by when we’re not inundated with Direct Messages from Insta-scammers who swear we can get rich off of crypto if we just give them money (all while they’re conflating Forex and crypto, which is nothing if not hilarious). Fetty Wap, however, doesn’t have any of those problems. “Thankfully, my brother filled me in on the world of cryptocurrency,” he told AfroTech. “I had a lot of questions — like everyone, really — but fortunately, he was educated...

Naomi Osaka Becomes Youngest Investor, First Athlete Ambassador For Sweetgreen

This tennis superstar is a trendsetter and a go-getter. In an exclusive story with Good Morning America, fast-food salad chain Sweetgreen announced its newest partnership with four-time Grand Slam champion Naomi Osaka, making her both the first national athlete ambassador for the company and its youngest investor. “Naomi represents not only a great tennis player, but so much beyond that. She stands up for what she believes in — a lot of social justice issues — and is really into speaking to this next generation in a way that still has humility and is connected to culture,” Sweetgreen co-founder Nathaniel Ru — also chief brand officer — told the outlet. “She just really aligns with our values at Sweetgreen and is passionate about it.” In her new role, Osaka hopes to use her image and influence to change the way both brands and athletes advise on nutrition for the general public. “Anyone that knows me knows I’ve been into @sweetgreen for a while (I eat it minimum three times a week...

Njera Perkins

May 6, 2021

Hill Harper Launches First Black-Owned Digital Wallet And Cryptocurrency Exchange App In U.S. History

Famed actor Hill Harper is getting into the money game by way of financial technology that’s powering a newly-launched digital wallet for investors of color. According to a press release, Harper announced the launch of The Black Wall Street app just in time for Financial Literacy Month as a means to empower Black and Latinx investors and contribute to closing the racial wealth gap in America. This feat marks the first-ever Black-owned digital wallet and cryptocurrency exchange platform to exist in the U.S. Through this digital fintech platform, Harper hopes to create the world’s largest investment and financial literacy curriculum/toolkit for communities of color to use across the diaspora. “Our technology seeks to replicate the brick and mortar Black Wall Street, as a digital ecosystem that will galvanize the financially excluded and directly stimulate the economic growth and spending in marginalized communities everywhere,” Harper shares in a statement. “With the Black Wall Street...

Njera Perkins

Apr 13, 2021