Dealing with a co-founder breakup can be the most challenging experience business owners face on their entrepreneurial journey. According to Noam Wasserman, a professor at the University of Southern California, 10% of co-founders end their relationship within a year of starting a business, and an additional 45% within four years. Although co-founder splits are normal, they can be emotionally taxing for all parties involved. Regardless of what might have led to the co-founder’s divorce, both parties must reach a mutual understanding before choosing to go their separate ways. In a recent post,
Founder and CEO of Resilia, Severtri Wilson, is the definition of #BlackGirlMagic. Nearly two years after raising $8 million in a Series A funding round, Wilson has made history again for making the largest raise ever for a Black female-founded tech company, according to AfroTech. Who is Severtri Wilson? Severtri Wilson is the founder of the SaaS platform, Resilia. The entrepreneur has been described as “different from your average tech company founder” as a Black woman with no coding experience and no co-founder. A year after earning her master’s degree from
Aisha Bowe
In response to the lack of diversity in the UK’s teaching force, Lewis Hamilton’s charitable foundation, Mission 44, has co-launched a campaign to to recruit and train more Black teachers in science, technology and maths (STEM) subjects. The STEM From Black campaign is part of Mission 44’s two-year partnership with educational charity Teach First. Fronting the campaign is Dr. Anne-Marie Imafidon MBE, tech leader and founder of the award-winning social enterprise, Stemettes. Research by Tech First has revealed that out of 500,000 teachers in England, only 2% are from Black
Dr. Abasi Ene-Obong, the co-founder of African genomics company 54gene, has officially stepped down as chief executive officer. 54 Gene, founded in 2019 by Ene-Obong, works to address the gap in the genomics market. Despite being more genetically diverse, Africans currently make up less than 3% of genetic material used in pharmaceutical research, which is why 54 Gene’s work is incredibly important in bridging that gap. Ene-Obong will continue his duties as a co-founder while transitioning into a new role as a senior advisor. The platform has hired General Counsel Teresia Bost as
A former orphanage for Black children in Nova Scotia, known for its historic institutional abuse, has reopened as Kinney Place, a community hub for Black businesses. The Orphanage With A Dark Past The Nova Scotia Home for Colored Children, established in the 1920s to ‘meet the needs of disadvantaged Black youth,’ became a symbol of prominent struggle amongst the Black community. After closing in the 1980s, hundreds of former residents began to disclose the neglect and abuse they had faced during their time in the orphanage. A public inquiry also revealed
One hundred years after the Tulsa race massacre saw the US’ wealthiest Black community burn to the ground, Tulsa is experiencing a resurgence of Black entrepreneurial community. The Black Tech Street, founded by Tyrance Billingsley II, is a network committed to scaling and cultivating Black potential through tech and entrepreneurship. The community provides a safe space for Black entrepreneurs and visionaries to thrive and grow, creating a model that creates space for people to build inclusive and equitable economies. The global Black tech hub, based in the heart of Tulsa, has
Are we officially in the future? It appears we are. The world’s first robot burger vending machine, created by RoboBurger Inc, has secured $10 million in seed investment funding via a partnership with equity firm Promethean Investments. What is Roboburger? RoboBurger, founded by Audley, Dan, and Andy in 2019, is a company that specializes in engineering, robotics, and, last but by no means least, delicious burgers made from high-quality ingredients. According to reports, RoboBurger is the world’s first fully autonomous burger vending robot that assembles Michelin star burgers. The company, which
25-year-old Iddris Sandu is a technologist and founder of Spatial Labs (sLabs) an organization committed to reshaping the future of commerce, Blockchain technology, and fashion. The technologist, born in Accra, Ghana, moved to Los Angeles when he was three years old. After teaching himself how to code and partaking in a range of internships and consultancy programs, Sandu set his sights on reshaping the way technology exists in the world. Additionally, he stuck to his word and became one of the youngest founders to enter Black Enterprise’s 40 under 40 list. The
The latest figures from Crunchbase have revealed that Black founders raised just $187 million in the third quarter of this year, considerably less than the $350 million WeWork’s Adam Neumann raised for his latest venture. TechCrunch reports that this quarter’s figures mark a significant and continued decline in capital for Black-owned businesses. In total, Black founders have raised just over $2 billion in venture capital funding this year – although this may seem like a lot – it’s a massive decrease from the record-breaking $4.72 billion raised in 2021. Lack of
