In this week’s Techish, Abadesi and Michael reflect on the ups and downs of running their own companies: Vanity metrics and getting your priorities right (00:10) Why VC money seems so sexy (08:05) The secret to getting good feedback (11:35) The future of corporate anti-racism (19:05) Listen to the episode You can find the Techish podcast on Spotify, Apple, and all good podcast apps. Watch On YouTube Extra Reading and Resources Check out Hustle Crew’s Playschool Accelerator 2024.
This article is sponsored by Morgan Stanley Inclusive Ventures Lab The Morgan Stanley Inclusive Ventures Lab (MSIVL) is proving that inclusion really does fuel innovation. Since 2017, Morgan Stanley’s in-house startup accelerator has helped over 100 companies raise over $200 million and reach a collective valuation of more than $1 billion. MSIVL provides early-stage technology and technology-enabled startups with $250,000, handpicked mentors, custom curriculums in finance, sales, and marketing, and a coveted opportunity to pitch to investors following their five-month accelerator participation on a Demo Day, setting founders up for
Workers of color made up 40.1% of the high tech workforce in 2022, comprising a share similar to the total US workforce, according to a new report from the US Equal Employment Opportunity Commission (EEOC). However, Black and Hispanic workers remain significantly underrepresented in the high tech workforce and sector, especially in senior roles, depsite growing numbers. The high tech workforce The high tech workforce refers to workers in 56 science, technology, engineering, and mathematics (STEM) occupations regardless of industry, for example, an engineer working at a nonprofit. Black high tech
A new Black Business Hub has opened in South Madison, Wisconsin. Spearheaded by the Urban League of Greater Madison, the $25.5 million facility aims to provide resources and space for Black-owned businesses and entrepreneurs to thrive. A Hub for Business Growth and Community The Black Business Hub, located on South Park Street, held its ribbon-cutting ceremony on August 24, 2024. marking the completion of a project that began more than two years ago. The facility features four floors of retail, office, coworking spaces, and a commercial kitchen. Madison 365 reports
Atlanta-based venture capital firm Fearless Fund has permanently closed its Strivers Grant program, which provided $20,000 grants to Black women entrepreneurs. This decision follows a settlement with the American Alliance for Equal Rights (AAER), a group led by conservative activist Edward Blum, the man behind the Supreme Court’s affirmative action ruling. Nevertheless, Fearless Fund remains committed to empowering historically overlooked entrepreneurs and plans to launch a new debt fund to continue supporting those in need of capital. Fearless Fund’s Legal Battle In August 2023, AAER sued Fearless Fund, claiming the
The Congressional Black Caucus (CBC) has called on Fortune 500 companies to reaffirm their commitments to diversity, equity, and inclusion (DEI) initiatives and set clear, measurable goals amid rising challenges to DEI programs nationwide. Holding corporate America accountable The CBC’s first-of-its-kind report aims to hold Fortune 500 companies accountable for their DEI pledges made after George Floyd’s murder in 2020. Titled “What Good Looks Like”: A Corporate Accountability Report on Diversity, Equity, and Inclusion, the report is based on months of meetings with hundreds of executives across different sectors and
In this episode of Techish Podcast, Abadesi and Michael discuss Beyoncé’s recent brand launches Telegram CEO Pavel Durov gets arrested – privacy vs. accountability Financial literacy in the music industry The rise of frenemies The Play School accelerator and more! Listen to the episode You can find the Techish podcast on Spotify, Apple, and all good podcast apps. Watch On YouTube Disclaimer: The information provided in this podcast episode represents the personal opinions and experiences of the presenters and is for informational and entertainment purposes only. It should not be considered
A new development project will bring over 100 affordable homes and a Black business hub to North Portland. The Williams & Russell project, managed by Williams & Russell CDC, will create 85 affordable apartments and 20 townhomes for sale on a block that has been vacant for nearly five decades. Significant Funding and Community Impact The project has already secured $10.3 million in funding, including $1.6 million recently announced by Oregon senators Ron Wyden and Jeff Merkley. An additional $23 million is pending from the Portland Housing Bureau and Prosper
The Minority Business Development Agency (MBDA) has partnered with Urban Strategies Inc. (USI) to enhance opportunities and access for minority businesses across the US. Acting Under Secretary of Commerce for Minority Business Development at the MBDA, Eric Morrissette, and USI President, Esther Shin, marked the partnership with the signing of a memorandum of understanding. Expanding Access to Resources for Minority Entrepreneurs The USI’s federally designated Community Development Financial Institution (CDFI) fund aims to promote racial and economic equity by offering resources and capital. By working together, the the MBDA and
Blapp is changing the way Black-owned businesses connect with their communities and attract new clientele. Blapp: Bridging the Gap for Black-Owned Businesses Jon Laster, a comedian-turned-app developer, created Blapp to help Black-owned businesses thrive. Following George Floyd’s murder in 2020, Laster sought a sustainable way to support his community. “Blapp works by simplifying people’s desire to help,” Laster said according to ABC News. In Blapp, users can see nearby Black-owned businesses—from restaurants to nail salons—on a map or in a list and search for products and services offered by Black business
