Cornerstone VC has completed a pre-seed investment into Storia, the guided journaling app created by five-times bestselling author Elizabeth Uviebinené, to help people unleash their inner voice. The Power of storytelling Elizabeth Uviebinené, known for her bestselling book “Slay in Your Lane,” co-authored with Yomi Adegoke, has been at the forefront of literature catered to young Black women. Inspired by the impact storytelling had on her own life, Uviebinené developed the idea of Storia to help people uncover the stories that shape their lives. The journaling app combines AI-guided prompts,
Sam Altman, co-founder and CEO of OpenAI, recently visited Lagos, Nigeria, as part of his global tour to promote AI adoption and understand diverse perspectives. However, concerns have been raised about the exploitation of Kenyan content moderators and the impact of OpenAI’s technology on marginalized communities. Nigeria: Africa’s biggest OpenAI adopter Over the weekend, Altman took part in a two-day exclusive event at Muson Centre, Lagos, Nigeria. “Nigeria, among all of the countries on the continent, I believe has been the biggest adopter of our technologies,” Technext reports Altman told
Japanese conglomerate SoftBank has recently announced the launch of its second fund under the Opportunity Growth Fund, now rebranded as the Open Opportunity Fund (OOF). The fund aims to raise and invest $150 million in startups led by Black and Latine entrepreneurs. New name, chairman, & access Taking the reins as chairman of the fund is serial entrepreneur and investor Paul Judge, who previously served as a founding investment committee member. Alongside SoftBank and select affiliates, Judge and others have agreed to acquire an ownership stake in the OOF. The
As a Black medical student, Malone Mukwende was only taught to recognize clinical signs of disease on white skin. But many diseases look different on darker skin tones, leading to misdiagnosis, poor treatment, and even death. As a result, Mukwende launched BlackandBrownSkin. Through innovative tools like the Mind the Gap handbook, the Hutano app, and, most recently, the “Diagnosing Skin of Colour” digital quiz, Mukwende is revolutionizing care for Black and Brown patients. Red rashes, pale skin, blue lips “On arrival at medical school, I noticed a lack of teaching
Shepherd is the “world’s first Bible app that recommends verses based on your needs.” The Bible is the most widely read book in the world, but increasingly, Christians are opting for app-versions over the physical book. As YouVersion’s Bible App reaches the colossal milestone of 100 million downloads—joining major brands like Instagram, Facebook, and Twitter—one Black-owned Bible app is growing in popularity. “It’s more like having a daily chat with a good friend, a friend who always knows the best part of the Bible to share with you.” Samuel Abaka-Wood, Shepherd founder Introducing Shepherd Shepherd,
In 2021, Jack Dorsey’s company, Block Inc (formerly known as Square), agreed to acquire Tidal for $306 million. This deal made Jay-Z a board member of Block Inc and left many wondering whether Dorsey had been finessed into buying the relatively small streaming service at a premium price. Block agreed in March 2021 to pay $396 million in stock and cash for an 87.5% stake in Tidal. After adjustments, it paid $237.3 million for an 86.2% stake, according to Reuters. Jay-Z joined Block’s board after the purchase and remains a
Tade Oyerinde is empowering students to complete their first two years of college without taking on any debt through his community college startup Campus. As per Forbes, Campus has secured $29 million in a Series A funding round led by OpenAI CEO Sam Altman and Discord founder Jason Citron to expand the college. Other investors in the round include Figma founder Dylan Field; former head of Stripe Lachy Groom; Bloomberg Beta; Founders Fund; Rethink Education; Reach Capital and Precursor Ventures. Students and professors are struggling In 2018, Oyerinde conceived the
Sabrina Thompson, a NASA aerospace engineer and founder of streetwear brand Girl In Space Club (GISC), is using her passion for sneakers to ignite the curiosity of young minds in science, space, and technology. The 38-year-old’s initiative, STEMulating Art, is bridging the gap between creativity and technical skills for young minds. Designing a pair of kicks for the moon Thompson noticed that while kids were excited to meet a rocket scientist like herself, they had trouble connecting with the technical aspects of her work. Determined to bring space exploration down
Two Black 22-year-old founders have raised $5 million to democratize event planning with POSH, the event management and ticketing platform that aims to take on the likes of Dice, Ticketmaster, and Eventbrite. Democratizing event planning POSH announced its public launch last week after being in beta since October 2020. Now, the platform has raised $5 million in a seed funding round co-led by Companyon Ventures and EPIC Ventures, with participation from Day One Ventures, Pareto Holdings, DoNotPay founder Joshua Browder and others. The brainchild of Avante Price and Eli Taylor-Lemire, POSH allows
True, one of the largest executive search firms in the world, has announced it is acquiring Jopwell, a hiring platform focused on advancing the careers of Black, Latinx and Native American students and early-to-mid-career professionals. According to a press release, Jopwell will complement the executive-focused DEI efforts of True Search and AboveBoard, an inclusive executive platform and community). Jopwell co-founders and execs Ryan Williams and Porter Braswell will continue to build Jopwell as a business unit within True. The story behind Jopwell Williams and Braswell started Jopwell after meeting at Goldman
