Google and Visible Hands, a two-year-old venture capital (VC) firm dedicated to helping underrepresented founders, announced on Tuesday they would jointly conduct a program to help Latino entrepreneurs build new businesses. The program will make a considerable impact given that Latino founders accounted for only 3.9 percent of the venture capital invested in Boston between 2015 and August of 2020, according to a report by Crunchbase. While this percentage is higher than in California (1.2 percent) and New York (2.2 percent), it is still a long way from being representative. Yasmin Cruz
This year, Lupe Fiasco is set to teach rap at the Massachusetts Institute of Technology (MIT). The rapper has previously worked at MIT, running the programming competition Code Cypher. Fiasco will be one of three new teachers recruited as part of MIT’s MLK Visiting Professor Program for 2022-23. Alongside him will be theater teacher Eunice Ferreira and documentary maker Louis Massiah. “I been holding this for a while,” he tweeted. “I’ll put together something more sophisticated later that really captures the nuance and gravity but for now I’ll just say
Major beauty retailers are boosting small, minority-owned businesses in a bid to support Black women entrepreneurs. As of last year, 17% of Black women in the U.S. were in the process of starting or running new businesses, according to the Harvard Business Review. That outpaces the 15% of white men and the 10% of white women who reported the same. But only 3% of Black women reported running ‘mature’ businesses. And when it comes to the traditional workforce unemployment rate, it remains high among Black women, at 5.5% in March, compared with
Deborah Gladney and Angela Muhwezi-Hall are the sister duo and creators behind QuickHire, a hiring platform that connects workers to service and skilled-trade jobs. In November, QuickHire raised $1.41 million in an oversubscribed round of funding, making Gladney and Muhwezi-Hall the first Black women in Kansas to raise over $1 million for a startup, according to AfroTech. The round is a pretty big deal because Black female startup founders received just 0.34% of the total $147 billion in venture capital invested in U.S. startups through the first half of 2021, according to Crunchbase. QuickHire,
Tiffany James, 27, started Modern BLK Girl after turning an initial $10,000 investment into $2 million. But her success is partly down to one colleague who decided to pass on the baton of knowledge. James had left school with a degree and student loan debt which had her struggling, and for a while, she wasn’t sure how she was going to get out of it. The turning point came in 2019 when a co-worker suggested that she buy stock in a company named Tesla when shares were between $60 and $70.
District of Columbia Attorney General Karl Racine has sued Meta CEO Mark Zuckerberg over the Facebook Cambridge Analytica scandal. Karl has accused the Facebook co-founder of direct knowledge of policies that allowed firm to gather data of millions of Americans. “This unprecedented security breach exposed tens of millions of Americans’ personal information, and Mr Zuckerberg’s policies enabled a multi-year effort to mislead users about the extent of Facebook’s wrongful conduct,” Racine said in a news release. “This lawsuit is not only warranted, but necessary, and sends a message that corporate leaders, including
Klarna was trending on Twitter after the public discovered airlines now allow customers to buy flights on a payment plan and it’s fair to say Black Twitter loved the news. How exactly does it work? Book your stay and pay with Klarna at checkout. The website says “by spreading the cost you can think about upgrading or even staying a bit longer.” Here are some of the community’s reactions after finding out: But it’s important for us to note a few things about Klarna. With ‘buy now pay later’ schemes
Grammy award-winning artist, Miguel, has just been announced as the newest Global Creative Director for T3MP0, a digital studio that creates web3 communities for A-List talent and brands. He is reportedly the first musical artist of “his stature” to be involved in creating a web3 studio from the ground up, according to the company’s press release. As T3MP0’s creative director, Miguel will extend his extensive collaboration history into partnering with the world’s biggest talent and brands in the web3 space. “We are very excited to support Miguel’s creative vision for the
Investment and advisory firm Pendulum, which funds and consults with businesses founded by people of color and has high-profile clients, including former President Barack Obama, is getting a new infusion of capital from Merchant bank BDT & Co. BDT specializes in providing advice and long-term capital through its affiliated funds to help the family- and founder-led businesses pursue their strategic and financial objectives. Husband and wife duo Robbie and D’Rita Robinson serve as chief executive and chief operating officer of the firm, which is reported to be staffed by people
South African educational technology (edtech) startup FoondaMate has secured $2 million seed funding in a round led by LocalGlobe, a UK-based venture capital firm, to drive uptake of its WhatsApp and Facebook-based learning chatbot across the globe. How does it work? Foondamate helps students with their revision by giving them immediate answers to questions and access to revision papers, while also guiding them in responses to questions. It aims to level the playing field in education by empowering the 345 million+ students who currently have limited access to internet-enabled education
