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This article is sponsored by Marcus by Goldman Sachs. Financial freedom means so much more than feeling free from your expenses. We believe financial freedom is the peace of mind you get from knowing your money is taken care of. When you partner with trusted financial institutions to help your money work for you, you can focus on being the CEO of your life. For the go-getter visionaries who are excited about building personal wealth, digital tools and products from trusted institutions like Marcus by Goldman Sachs can help you get ahead in achieving—and overachieving—your most ambitious goals, financially and personally. No matter the next step in your future, there are tools and tips that can help set you up for financial success so you have more time to focus on other money matters like planning that vacation of your dreams or securing the capital to fund your next venture. Together with Marcus by Goldman Sachs, we wanted to share a few of our favorite tips of the trade to help...
Chris Bennett’s childcare management platform Wonderschool is ready to tackle the national childcare crisis. According to a press release, $25 million was raised in a Series B round led by Goldman Sachs for Wonderschool. Citi Impact Fund, Andreessen Horowitz, Uncork Capital, Unusual Ventures, Imaginable Futures, and Gaingels also participated in the round. The funds will help Wonderschool’s childcare program provide flexible and top-of-the-line care for children and families with the help of its childcare entrepreneurs. “Child care is, perhaps, our most important public investment. And yet, we have historically relied on a fragmented, outdated system to make good on its promise,” said Bennett , co-founder and CEO, of Wonderschool in a press release. “Policymakers have precious little data to understand where public funds are having an impact. Empowering providers to serve families and children and providing state leaders with better data to understand what’s happening are two sides...
Goldman Sachs has added the Currys as two new additional members to help it reach its ambitious goal. As previously reported by AfroTech, Goldman Sachs announced a new initiative back in March that aimed to invest $10 billion in what they called the One Million Black Women (OMBW) initiative — a hefty effort that plans to support Black women over the next 10 years. The original 15-person Advisory Council has now grown to include NBA superstar Steph Curry and his wife Ayesha to assist the company in its grandiose mission to end racial inequity. “Given all that’s happened over the course of the last year, we’ve done a lot of talking at the firm—and even more listening—to help us figure out how we can do more to end the racial inequity and the gaps that have existed in society for well too long,” Goldman Sachs CEO David Solomon previously shared in a statement to ESSENCE. “Impact comes with sustained effort over a long period of time. We’re very prepared for that.” According to the...
Goldman Sachs is doing what many are considering “unprecedented.” In a story first featured exclusively in Essence, it was announced that the banking giant is investing a gob-smacking $10 billion into what it’s calling its One Million Black Women (OMBW) initiative. The initiative pledges a $10 billion investment in support of Black women over the next 10 years. “Given all that’s happened over the course of the last year, we’ve done a lot of talking at the firm—and even more listening—to help us figure out how we can do more to end the racial inequity and the gaps that have existed in society for well too long,” said David Solomon, Goldman Sachs CEO, in a statement to Essence. “Impact comes with sustained effort over a long period of time. We’re very prepared for that.” Earlier today, the Goldman Sachs CEO went on CBS This Morning with Margaret Anadu, head of the Urban Investment Group, to talk more about the One Million Black Women initiative. They also addressed how they hope this...
Diversity and inclusivity have been trending since protests against systemic racism reached fever pitch this summer. As many companies scrambled to prove their support of Black lives, other entities have continued to shutout Black creativity, ideas, and wealth. Ahead of the new year, The Startup Pill reported on Silicon Valley’s top 25 venture capital firms least likely to invest in founders of color. The information is compiled of data from The Black Founders List, which serves as a running historical record of Black founders and the investors who invested in them. The list names well-known firms that have less than five Black-led investments while boasting thousands of investments and billions in revenue. The Startup Pill says that only one percent of venture-backed companies are led by Black founders. “On a macro level, the lack of diversity in the industry is a problem because it means most of the money flows to types of founders VCs understand — businesses with white men of a...
For former Goldman Sachs employee Edith Cooper, standing out in the workplace is something she’s grown to be familiar with during the last 20 years. Being the lone person of color in a sea of white faces has proven to be a difficult challenge for her, but serving on the boards of both Slack and Etsy has helped her triumph over her obstacles in her career. Now the executive is exploring a new business venture with her daughter, an all-inclusive, innovative idea that promotes life and career coaching for everyone. According to TechCrunch , Cooper and her daughter, Jordan Taylor — a former chief of staff at MIC and Harvard Business School Baker Scholar — have teamed up to found Medley , a new membership-based community that provides young professionals with career development skills and building blocks for life. “As Black women, we have found strength in our heritage and the resiliency required to surmount the barriers of racism that have existed in our lives and still exist today. We...
Goldman Sachs (GS) is putting their money where diversity is. Through Launch With GS, the investment banking giant’s $500 million investment initiative, the firm has announced its first Black and Latinx Entrepreneur Cohort in a press release . GS will offer a select group of startup founders, CEOs, and innovators the opportunity to be a part of their first entrepreneur cohort. Goldman Sachs firmly believes that diverse teams outperform less inclusively led companies. As a result, recipients will participate in a customized, eight-week experience that gives future-thinking minds intimate access to business development services, industry specialists, legal resources, and ultimately, the sprawling, influential network within the walls of Goldman Sachs. Launch With GS aims to increase access to capital and facilitate connections for women, Black, Latinx, and other diverse entrepreneurs and investors. “Black and Latinx founders collectively receive less than 1% of venture funding,” said...
Global investment banking firm, Goldman Sachs, announced via CNBC , that the firm will require companies to have one diverse board member before assisting in going public. “Starting on July 1st in the U.S. and Europe, we’re not going to take a company public unless there’s at least one diverse board candidate, with a focus on women,” Goldman Sachs CEO, David Solomon, told the World Economic Forum. Solomon explained that U.S. companies with a minimum of one female director performed better in the public offering market than companies that didn’t have a female board member. Solomon’s announcement did not specify the details of Goldman Sachs’ new diversity requirement as it relates to women of color. TechCrunch reports it fears women of color will be overlooked in the banking firm’s vague diversity approach. Solomon emphasized his firm’s dedication to diversity and their willingness to pass on companies that do not meet their new diversity requirement. “Look, we might miss some...
Detroit ranks among the top five American cities that host “ the largest number of minority-owned small businesses ,” according to a 2017 Fortune report . The city’s varied redevelopment and investment initiatives have helped ensure that Detroit entrepreneurs maintain stability and have the opportunity to grow and thrive. Rivers Realty Group is one such business that has stood the test of time. Established four decades ago by Ron Rivers, Rivers Realty Group is a family-owned real estate business, located in the heart of Detroit’s historic district. The company helps customers find their new homes, makes investor sales, provides relocation services, and manages properties. Rivers is the president of Rivers Realty and Rivers Investment Management. His daughter, Lauren Rivers, left corporate America to join her father at Rivers Realty in 2014, and is now managing broker. Although the company sprang from modest beginnings, initially operating within the Rivers’ family home, it has been...