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VC Dana Guthrie Raised $13.5M Less Than A Year After She First Began Raising Capital

This fund manager is on a mission to get Black founders the capital they deserve! And in less than a year after she started, she’s succeeded in that mission by raising $13.5 million for her Milwaukee-based venture fund. When venture capitalist (VC) Dana Guthrie first sought out a career in the technology industry, she had no idea that it would lead her to help others in a massive way. As a basketball recruit in 2006, she enrolled in Milwaukee’s School of Engineering and from there jumped headfirst into the technology field majoring in computer engineering. Today, she’s using her platform to help connect Black founders with the financial resources that they need to not only survive but thrive. According to Yahoo! Finance, Guthrie created Alchemy Angel Investors after she crossed paths with like-minded individuals while working at Johnson Controls, a building equipment company. It was there that she also met Black professionals with a background in finance, but no real knowledge of...

Aug 18, 2021

Milwaukee Business Incubator Helps Black Women Entrepreneurs Rise

Milwaukee-based business incubator , Sherman Phoenix , wants to see its community win. As a result of their tireless efforts, the venue is boosting the economic growth of Black women entrepreneurs, reports Black Enterprise . On a mission to generate profitable and social returns for small businesses and startups, Sherman Phoenix created a high-quality space for over 30 restaurants and shops to offer “diverse foods, wellness services and cultural activities.” The majority of owners behind these growing companies are Black women like Adija Smith, owner of commercial bakery, Confectionately Yours. “ We’ve been known to be one of the most segregated cities in the United States, and I think it does come with the territory, unfortunately ,” Smith said, according to Black Enterprise . “With the support of the collaborative organizations that do not see color, but they just see genuine people with genuine gifts and talents that can be successful coming together, then we can make that...

Mar 15, 2020