Black Tech Saturdays is an initiative amplifying Black representation in technology, originated from the vision of Detroit-based couple Johnnie and Alexa Turnage. Inspired by the tech ecosystem in Baltimore and guided by the equitech framework, the Turnages expanded their mission to cultivate wealth and community for Black tech professionals. This movement is not just about fostering professional connections; it embodies the pursuit of “Black joy” – the freedom to pursue dreams with creativity and impact. The Detroit-Baltimore Connection With a background in grassroots organizing and influenced by Dug Song, co-chair of
Breakr, a Historically Black College and University (HBCU) alumni-founded music platform, has raised an additional $1.9 million. Breakr is reshaping influencer collaboration through its SaaS platform designed explicitly for record labels, artists, and brands. By enabling creator-to-creator relationships at scale, labels and brands can move at the speed of culture, and creators can get paid fairly for making it happen. The Three-Sided Marketplace Breakr’s unique selling point is that it effectively treats the basic concept of connecting creators to build influencer campaigns as a programmatic opportunity. The company recently came
“DEI must DIE,” Elon Musk, the world’s wealthiest person, boldly declared in a Twitter/X post on December 15. “The point was to end discrimination, not replace it with different discrimination.” The South African Tesla and Twitter/X owner doubled down the following day, adding, “‘Diversity, Equity and Inclusion’ are propaganda words for racism, sexism and other -isms. This is just as morally wrong as any other racism and sexism.” Who benefits from DEI? Diversity, Equity, and Inclusion initiatives aim to rectify historical and ongoing discrimination by providing equal access and opportunities
In a startling revelation, Barbara Furlow-Smiles, previously renowned for her role as a global diversity strategist at Facebook, has pled guilty to wire fraud charges. Her conviction comes after siphoning over $4 million from the tech giant, purportedly to support an extravagant lifestyle across California and Georgia. Furlow-Smiles, who significantly contributed to Facebook’s Diversity, Equity, and Inclusion (DEI) initiatives between 2017 and mid-2021, orchestrated a complex fraud. The U.S. Attorney’s Office in Atlanta detailed how she exploited her position to funnel funds through fictitious vendors and bogus charges, culminating in
Black professionals are now being promoted into managerial roles at rates reminiscent of 2019, a recent McKinsey & Co. study has revealed. The findings signal a concerning erosion of progress made in the aftermath of George Floyd’s murder and widespread corporate diversity, equity, and inclusion (DEI) commitments. The Erosion of Progress The study, which analyzed promotion rates from over 270 companies employing over 10 million people, paints a disheartening picture. Promotions for Black professionals, especially women, have fallen significantly. In 2022, for every 100 men of all races promoted into
What opportunities are there for shifting power towards the most racially marginalized? In a world as increasingly digitized as ours, there are urgent questions arising about centralized power, corporate accountability, and the impact on individual freedoms. An upcoming research report, “What Does Tech Justice Look Like In The UK?” explores Tech Justice and opportunities to empower the most racially marginalized. The research, funded by Catalyst and supported by the Engine Room, was carried out by a team of British women of global majority descent. Their backgrounds span West and East
Fearless Fund has filed an appeal against a court ruling that temporarily blocked their grant program for Black women entrepreneurs. The ruling came amid an ongoing lawsuit by the American Alliance for Equal Rights (AAER), which alleged the fund’s grant program was racially discriminatory. The Racial Bias Lawsuit Black-woman-owned venture capital fund Fearless Fund invests in women of color-led businesses seeking pre-seed, seed level, or series A financing. The AAER brought a lawsuit against them in August 2023. Notably, AAER founder Edward Blum is the conservative activist behind the Supreme Court’s affirmative
From dealmakers at significant funds to founding partners of new firms and industry-changing nonprofits, Forbes 30 Under 30 listed young leaders helping to shape venture capital’s future. The list spotlights funders and founders aged 29 or younger as of December 31, 2023. We have compiled a list of some people of color founders who are helping the venture capital industry. Sesana Allen – Associate Investor, Smash Capital Allen is an investor at Smash Capital, a late-stage venture firm backed by former Disney executives and investors from Insight Partners. She sourced the firm’s investment in
People from historically underrepresented groups are securing more roles at Fortune 500 companies. Nevertheless, a new report has found that they are overrepresented as diversity and inclusion officers and unrepresented in the C-Suite. Fortune 500 C-Suite Snapshot The executive search firm Spencer Stuart reported on its Fortune 500 C-Suite Snapshot, asking how leadership teams of Fortune 500 companies are evolving in response to changing demands. The report mapped leader profiles for 11 roles commonly included in the C-Suite to develop a snapshot of executives in these positions. C-suite executives commonly include the
Women with dark skin tones are getting more screen time and speaking time in US scripted television, a new study using advanced AI models has revealed. Despite improvements over the past 12 years, the study found that men with light skin tones still get the most screen and speaking time. See It, Be It See It, Be It: What Families Are Seeing on TV is a new study that analyzes trends in the screen and speaking time of the visually presenting attributes of characters. This includes gender, skin tone, and
