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Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Corporate companies have gutted and targeted diversity, equity, and inclusion (DEI) programs throughout 2024. As we head into 2025, efforts to reverse these changes will only increase. DEI programs have been the center of several political battles since Republicans wrongfully came to attack critical race theory. Just as conservatives have a woeful misunderstanding of critical race theory and where it applies, DEI has become a buzzword associated with the aforementioned cultural wars. What Is DEI? DEI initiatives are implemented in schools, businesses, and government agencies to address inequities within historically marginalized groups. According to Erica Foldy, a professor at NYU’s Wagner Graduate School of Public Service, initiatives could include training, organizational policies and practices, and organizational culture. DEI isn’t just a rule or legislation created for organizations to pat...
Shannon Sharpe says he could have been a billionaire if he had moved forward with an investment in Google. During an episode of Sharpe’s “Club Shay Shay” podcast, which featured billionaire businessman Mark Cuban, the host reveals he lucked out of a six-figure investment in Google after receiving advice from his financial team. The opportunity to invest in what has become a major tech giant was while he was in the NFL signed to the Baltimore Ravens. He was under a four-year contract — although he remained with the team for only two seasons, during 2000 and 2001. The contract was valued at $13.8 million, which encompassed a 4.5 million signing bonus and $4.5 million guaranteed, according to Spotrac. “I remember when Google came out and they thought shares were gonna open up at about $85 a share. And I remember sending it to my financial guys, and I was like — ‘Oh, you know what?’ I had just signed with the Ravens, so I had some money. And I was like, ‘Man, I’d like to buy $300,000...
Mark Cuban believes it’s only a matter of time before an NBA player signs a $1 billion contract. The Dallas Mavericks’ minority owner shared his thoughts during an appearance on Shannon Sharpe’s “Club Shay Shay” podcast. When Sharpe asked if he thinks the world will ever see such a monumental deal, Cuban responded, “Yeah, but that presumes that TV keeps on going up the way it is. But, you’re going to see a hundred million dollars a year here shortly. Because if the TV contract has 10% increases in the cap, [which is] the way the CBA works. You saw Steph [Curry] had 62 million for one year… and it’s going to go crazier.” The Collective Bargaining Agreement (CBA) defines the employment guidelines and agreements for all professional basketball players in the National Basketball Association, per its website . It also outlines the rights and responsibilities of the NBA Clubs, the NBA, and the National Basketball Players Association (NBPA). Sharpe’s question was prompted by 25-year-old...
The visibility from “Shark Tank” led to remarkable growth for The Transformation Factory founder Alexiou Gibson. Gibson is behind the sea moss brand, which was inspired by his personal health journey that resulted in a 300 pound weight loss from taking the algae in his daily lattes, CNBC reports. “Like most teens, I believed that I was invincible,” Gibson shared on “Shark Tank.” “I thought I would be fine and had time to get healthy later. It wasn’t until my doctor told me that I wouldn’t live to see my 30th birthday that I understood how serious I needed to be about living.” Recognizing the great power of sea moss through his 10-year health battle, the company website notes, The Transformation Factory now sells various sea moss gels in flavors dragon fruit, pineapple, mango, and strawberry banana. View this post on Instagram A post shared by The Transformation Factory (@seamosstransformation) Gibson pitched his company while on “Shark Tank” in 2022 and scored a $600,000 deal from...
At the top of 2022, Mark Cuban first announced the launch of The Cost Plus Drug Company. As previously shared by AFROTECH, the online pharmacy sells generic drugs such as those for HIV, birth control, migraines, and more, at affordable prices. Additionally, no intellectual property deals or insurance companies are involved, and consumers pay with all cash for the medication based on what it costs to make and an additional 15% to cover overhead.
LeBron James has recently made yet another climate-conscious investment. Back in April, AfroTech reported that alongside Drake and Maverick Carter, the NBA superstar participated in a funding round for Palmetto — a clean energy startup. Now, he has invested in a company that is working to fight climate change by reducing the carbon footprint of agriculture.
Mark Cuban has set ablaze a game-changer in the pharmaceutical supply chain that many lives will benefit from. TechCrunch reports that the billionaire recently announced the launch of The Cost Plus Drug Company, his online pharmacy that aims to offer affordable prices for generic drugs. If you are looking for lower pricing on your generic drug purchases, go to https://t.co/LYIIV9Pqzd and sign up ! All drugs are priced at cost plus 15% ! Sign up and share your thoughts and experiences with us ! https://t.co/bFXCMccmvy — Mark Cuban (@mcuban) January 20, 2022 Mark Cuban is known for always being ten steps ahead with his business moves, and his latest move could serve as a vital resource for underserved communities as the online pharmacy isn’t necessarily for the entrepreneur’s gain. It’s ultimately for the benefit of the masses. “I want to be above break even while maximizing the number of people who can afford their medications,” he told the outlet. “Shoot. I would be happy if we can...
Imagine going from being bullied at school to using it as fuel to create your own business, and then to top it off, pitching to arguably one of the toughest investors panels. It’s the story behind young entrepreneur Tania Speaks and her beauty brand, Tania Speaks Organic Skincare. The 19-year-old landed the opportunity to be on ABC’s “Shark Tank” and walked away with a deal with Mark Cuban, according to Meaww.
When it comes to moving with intention, Deborah Torres could write a book or two! The founder of Atlas Monroe — a vegan fried chicken company — is on its way to becoming the largest manufacturer of deep-fried vegan chicken across the globe even after turning down a $1 million offer on ABC’s “Shark Tank.” That’s right, Torres has maintained 100 percent ownership of the company since she appeared on the episode back in 2019. In an exclusive email interview with AfroTech, Torres explained how the “Shark Tank” decision actually took a toll on her. “My Shark Tank experience rocked me to the core,” explained Torres. “I was not nervous. I was surprised and disappointed that they withdrew the first offer. ” During her experience, Torres notes how while the entrepreneurial-themed reality television show recognized her company’s worth, they refused to truly see her individual worth. “Anyone that knows me knows that I am a genuine, down-to-earth, upfront kind of person who is determined,...
Dallas Mavericks owner and entrepreneur, Mark Cuban, recently took to his Twitter to offer a helping hand for Black-owned and women-led businesses who were shut out of the federal Payment Protection Program (PPP). Cuban tweeted on Wednesday, calling for businesses led by people of color and women to share their stories of being locked out of PPP funding. If you are a minority or woman owned, or any company that believes you are eligible for a PPP loan, but have not been approved, please post an overview of your status here and I will do my best to connect you to a bank. There is still more than $100B left. Let's get that money — Mark Cuban (@mcuban) May 20, 2020 Cuban revealed that $100 billion worth of funding is left, and banks are eager to earn the 5 percent from PPP loan disbursements in the Twitter thread. https://twitter.com/mcuban/status/1263126195668910083 Cuban’s effort to connect Black-owned businesses with legit banking institutions isn’t his first stance against the...