Olympic gold medalists Lauryn Williams and Sanya Richards-Ross, also of The Real Housewives of Atlanta, are embarking on a new journey in the venture capital space. As Debut Capital company investors, Lauryn Williams and Richards-Ross have become two of the first venture capitalists to invest in the Black-owned hiring platform Us In Technology (UIT). “We are incredibly excited about helping UIT connect many more people of color, women, military veterans, people with disabilities, and members of the LGBTQ+ community to life-changing opportunities within the tech industry,” said Richards-Ross. From Athletes
Kansas City recently mourned the death of Edward Chow, who died at the age of 83 due to lung cancer. For many, the Black army veteran turned tech entrepreneur is a pioneer; one of a few Black men working in the computer tech industry at his time. Who Is Edward Chow? Edward grew up in Greenville, Mississippi, during the 1930s. Born to a Black mother and Chinese father, Edward and his siblings were no strangers to racial discrimination After serving in the military as a machine account supervisor, where he
Nigerian startup Stears has announced a $3.3 million seed round led by MaC Venture Capital which included Serena Ventures. What started as a written media publication by a group of Nigerian graduates is now a growing data insights company with its sights set on rivalling the likes of Bloomberg. Backed by Serena Ventures Serena Williams was playing in the US Open when the seed round for Stears came together. Nevertheless, according to Serena Ventures’ founding general partner, they were keen to invest and fought “tooth and nail” to get in.
It’s a universally acknowledged truth that social media can do more harm than good. Even though we know to watch out for disinformation or the insidious effects of constant comparison with other people’s best moments, most of us can’t quit scrolling. Even Facebook’s own studies showed a link between Instagram and teenagers suffering from mental health issues. Because of this, a new social media app called Inpathy wants to create a healthier experience online. Their answer? Asking users to post their real emotions in real-time. The unwritten rules of social
This article by Kelly Boutsalis was originally posted on Linktree. As Indigenous people continue to face marginalization across the world, we spoke to three powerful women working in tech who are paving the way for future generations. Celebrated every year on August 9, the International Day of the World’s Indigenous People recognizes the need to voice Indigenous people’s inclusion and involvement in modern society, so that they can receive the same social and economic benefits provided to all. Despite the reconciliation efforts that have been made over the years, social inequity
Amazon has announced the launch of Amazon Catalytic Capital, a $150 million commitment focused on investing in Black, Latinx, Indigenous, women, and LGBTQIA+ builders in tech. Amazon Catalytic Capital The initiative will provide capital to funds, venture studios, accelerators, or incubators committed to backing startups led by underrepresented founders. Recipients will also receive 1:1 mentorship from Amazon executives and unique business opportunities for partnerships, technical support, and scaling resources. Amazon Catalytic Capital aims to support at least 10 funds and 200 companies through the next year. So far, recipients include Collide
When TikTok soared in popularity in 2020, the hard seltzer drinks market saw sales double to $4.1 billion. While the stars were aligning, Nectar Hard Seltzer was a new company attempting to take on established brands such as White Claw and Truly. A unique marketing strategy involving our favorite new social media app and SMS texting would be the secret to their success. When Jeremy Kim received a phone call from his future co-founder, John Dalsey, he couldn’t have predicted the journey they would go on. Asian-Inspired Hard Seltzer “Hard seltzer is killing
Leading Black digital media brand, Black Enterprise, has released this year’s list of 40 under 40 honorees. The list celebrates young Black trailblazers across an array of sectors, including business, finance, fashion, media, and sport. It is a salute to the grit and determination it takes for Black people to rise to the top of their respective ranks so early on in their careers and in an increasingly competitive economic landscape. Among the distinguished honorees are the following five innovative Black minds in tech. All were carefully selected on the basis
Funding for African startups has hit a new record between January and June. According to reports, the African market is the first to see more than a single digit of growth which was extremely unpredictable considering the slowdown globally. Venture capital deals within the African region reached a striking $3.5 billion in six months, with no other continent coming marginally as close to Africa’s startup funding growth. Of the 300 companies that benefitted from this funding, 27% were led by female founders or had at least one female founder. This is
Byld Ventures, a $15 million fund launched this May, has eyes for startups mainly across Egypt and Nigeria due to the partners’ experiences in those markets. Byld Ventures reached its first close almost in June and a second close at $10 million last month. It expects to achieve its final close by year’s end, according to TechCrunch. Over a dozen athletes have backed the fund as well as the Dubai government and several unnamed institutional LPs. The early-stage fund — which has made four investments: Ceviant, Apata, Thepeer and Anchor — consists of four
