Online lending marketplace LendingTree published a new study on places with the most Black-owned businesses in the United States, based on the US Census Bureau Annual Business Survey data. Fayetteville, NC was found to have the highest percentage of Black-owned businesses in the US. Other metros in the South — including Washington, DC — join Fayetteville at the top of the list. Pittsburgh, however, ranked the lowest out of the 50 American metros listed, with a mere 1.0% of small businesses being Black-owned — a percentage that falls below the national Black
Melissa Pegus has been chosen as the Managing Director for Techstars Atlanta Powered by J.P. Morgan, the latest accelerator to open up in the city. The new program, backed by an $80 million investment by J.P. Morgan, will support diverse entrepreneurs across the country. While the program is open to founders of all backgrounds, it is designed to provide equitable access to funding and support for Black, Hispanic and Latino, Indigenous American, and Pacific Islander entrepreneurs. In the first half of 2021, Black entrepreneurs received just 1.2 percent of U.S. venture capital funding. Additional data show
PagerDuty is hiring on pocitjobs.com PagerDuty is a known global leader in digital operations management, but the company, according to London-based EMEA senior sales director Ross Burrell, is also leading the way when it comes to a good working culture for its staff – particularly those from minority groups. “There’s an open-door policy,” he told POCIT when asked how he’s been able to grow at the company. Ross, a father and an experienced salesman said there’s no hierarchy issue at the firm, no micromanaging or aggression. Instead, you receive a
Microsoft said this week that it had fired some employees and terminated partnerships in relation to allegations made public Friday of bribery in its sales efforts in the Middle East in recent years. The disclosure came regarding allegations of bribery and corruption in Microsoft operations in the region made public by a former manager for the company named Yasser Elabd, who worked for the tech giant throughout the Middle East and Africa from 1998 to 2018, when he says he was fired. In an essay published Friday on Lioness, an outlet that documents
alGROWithm, a Nigeria-based growth agency is building Africa’s first growth talent accelerator. While most digital schools and programmes like Decagon, and AltSchool focus on solving the engineering and product talent gaps, growth is largely unattended to but alGROWithm’s GTAP aims to bridge that gap. The Growth Talent Accelerator Programme (GTAP) is a two-phase training programme in partnership with Digital Africa’s Talent 4 Startups Initiative which will help develop world-class growth engineers on the continent. Founded by Bili Sule in 2018, the agency uses growth engineering to design and implement sustainable growth models and strategies for African startups
The US is experiencing a boom in entrepreneurship, and women of color are the fastest-growing group among new business owners. A recent report from Wells Fargo shows that Black-owned businesses nosedived by more than 40% in April 2020, more than other racial and ethnic groups. However, the number of Black-owned businesses has since come back strong, currently at about 30% above pre-pandemic levels. Women of color in general have been driving new business growth during the pandemic, and overall, a record number of people are looking to start their own ventures, according to the White House. And while this is amazing
Jeeves — which describes itself as “an all-in-one corporate card and expense management platform for global startups” — was valued at $500 million back in September last year when it raised a $57 million Series B. This means it has quadrupled in value in just over six months as it announced last week that it has now raised $180 million in a Series C round that values the company at $2.1 billion. Jeeves only publicly launched in March of 2020, and officially emerged from stealth last June with $31 million
Adam Taylor, the founder of app development company Langston LLC and solo developer behind Black, built the app to facilitate culturally relevant and multifaceted news for Black people, with stories that speak to the community’s shared experience. A self-taught coder, Taylor has already integrated sophisticated technology into the app to provide relevant and personalized content, and is looking forward to learning more about native iOS frameworks and going deeper on his code with Apple engineers. In a previous interview with MIT, he spoke about the lack of diversity in the
A Black army vet has started a new capital fund for veterans and businesses in underserved communities. The intiative was started by Alicia Hanf nine years after she left the military in 2012. She founded the Dear Mama Fund to raise $1 billion in capital for investments in Black, brown, female and veteran-led companies. Alicia returned to civilian life to lead the way for veterans to become startup founders, so alongside Dear Mama Fund she also launched the LA chapter of Bunker Labs, helping scale the organization from 10-35 locations in
A Greensboro attorney and entrepreneur is bringing racial diversity to children’s entertainment by creating a range of books using AR. Kya Johnson launched online entertainment platform RainbowMe in December 2014 with co-founders Talib Graves-Manns, who is a marketing entrepreneur, and Bernard Bell, an Atlanta-based television veteran. Back in 2014- RainbowMe was one of three organizations to receive free workspace and $40,000 in seed funding from CODE2040’s Entrepreneurs-in-Residence pilot program. CODE2040, a San Francisco nonprofit that supports the inclusion of underrepresented minorities in the tech industry, partnered with Google on the initiative that’s backing African-American and
