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
In this episode of Techish Podcast, Abadesi and Michael discuss Ticketmaster is corrupt Finding balance as a content creator Serena Williams investments – 14 out of 60 are now unicorns Founder Mode and more! Listen to the episode You can find the Techish podcast on Spotify, Apple, and all good podcast apps. Watch On YouTube
TIME has unveiled its second annual TIME100 AI list, recognizing 100 of the most influential figures shaping the future of artificial intelligence. The 2024 edition features leaders across a wide range of industries, from tech and business to entertainment. Among those highlighted are Lisa Su, CEO of AMD, Jensen Huang of NVIDIA, and actor Scarlett Johansson, showcasing how AI is influencing sectors beyond traditional tech. Accompanying the list are exclusive interviews with industry pioneers like Google CEO Sundar Pichai and author Ray Kurzweil, underscoring the far-reaching impact of AI on
Slauson & Co, an early stage venture capital firm rooted in economic inclusion, has announced the close of its $100 million Fund II. The fund is significant increase from its previous $75 million fund and signals continued investor appetite for inclusive venture capital despite economic challenges. Focus on Representation and Inclusion Founded by Ajay Relan and Austin Clements in 2020, Slauson & Co. has always championed diversity, backing early-stage companies across sectors such as SaaS and consumer technology. “We invest in everybody,” Relan told TechCrunch, adding that the firm wants
WealthMore, the fintech startup founded by Mical Jeanlys-White, has secured over $1 million in pre-seed funding according to Forbes. The company aims to make financial advice more accessible and affordable, particularly for individuals who have been historically underserved by traditional wealth management firms. Bridging the Wealth Gap with Hybrid Financial Solutions Wealthmore is a premium wealth advisor-ed, tech-enabled investing and planning service and community, launched in August 2023. The company’s approach to wealth management combines the efficiency of fintech with the personal touch of traditional financial advisors. This hybrid model
A Texas nonprofit grant program aimed at supporting diverse small business owners, has agreed to revise its application process after being sued for allegedly discriminating against white men. The lawsuit was brought by the American Alliance for Equal Rights (AAER), a group led by conservative activist Edward Blum, who is also suing Fearless Fund, a Black women-led VC firm. Lawsuit Challenges Race-Based Criteria The lawsuit centered around a $50,000 grant offered by the Founders First Community Development Corporation, a nonprofit founded by Kim Folsom and led by Shaylon Scott. The
Heman Bekele, a 15-year-old high school student from Virginia, has been named TIME’s Kid of the Year 2024 for inventing a soap that could one day treat and prevent multiple forms of skin cancer. While the product may take years to reach the market, Bekele is already working in a lab at Johns Hopkins Bloomberg School of Public Health in Baltimore, dedicated to making his vision a reality. A Young Scientist’s Vision Bekele’s journey into science began at a young age. He experimented with household chemicals and later received a
ChurchSpace is changing how churches use their spaces by turning underutilized real estate into vibrant community hubs. Nicknamed the “Airbnb for churches,” this innovative app allows churches to generate additional income by renting out their facilities as commercial kitchens, event venues, and meeting spaces. Created by the millennial pastors’ kids Day Edwards and Emmanuel Brown, ChurchSpace addresses church leaders’ financial pressures and offers a new model for community engagement. Empowering Communities Through Church Real Estate Launched in 2019, ChurchSpace aims to strengthen local communities by repurposing church real estate. “Church
R&B artist Brent Faiyaz and his business partner Ty Baisden have invested more than $100,000 in Black women-led STEM companies, according to Billboard. Investing Music Profits Into Black Women-Led Businesses Under their Lost Kids label, Faiyaz and Baisden operate a 50/50 business partnership that reinvests profits from Faiyaz’s music career into various ventures. Their primary focus is on Black women-led businesses, particularly in the STEM fields. “Those projects and his tours are the financial seeds for Brent and me to go out and make individual investments,” said Baisden. The duo’s
TikTok has initiated significant global layoffs that have now impacted its African team, according to Tech Cabal. This move, part of broader organizational changes, saw several employees in Africa lose their jobs in June 2024, following earlier cuts in March. These layoffs have notably affected teams working in content operations, marketing, and trust and safety. African Team Severely Affected The layoffs in Africa have been particularly harsh, with more than half of the African team based in South Africa and Nigeria, being let go. Although the exact number of employees
