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
Cisco is hiring on pocitjobs.com Meet Naomi Colon – a woman who embodies the definition of a modern-day superhero. Juggling the demands of motherhood, community service, and a thriving career as a project specialist at Cisco, it’s no surprise that Naomi’s story has caught the attention of many. POCIT sat down with Naomi to find out more about how she does it. Tell me about your career trajectory and your journey to Cisco. I started my career in healthcare right out of high school, and pretty much stuck around until
SHENIX® is an innovative fintech company built by Latinas/x, for Latinas/x, to close the wealth gap by providing culturally relevant financial services. Created by Chicago-based entrepreneurs Olga Camargo, Juan Carlos Avila, and Patricia Mota, the web-based app provides financial education, career planning, and salary negotiation resources through a unique digital experience that prioritizes the Latina cultural mindset. After selecting the investment services they need, users are prompted to answer a short survey about their financial and career goals. Immediately after the survey, users get a customized budget recommendation and the
EVEN, a creative platform that enables artists to sell their music directly to fans, has closed a $2.2 million seed round led by CSA Partners. Mag Rodriguez founded the platform last year to help Black and brown artists retain equity in their creative work. The blockchain-based direct-to-consumer platform allows artists to sell their music directly to their fans before uploading their music to streaming platforms. When fans purchase music, they can get access to it one to two weeks before they drop on streaming platforms, as well as exclusive content,
The nonprofit social startup digitalundivided has released its latest Project Diane report unveiling the experiences of Latina and Black women tech entrepreneurs. Catalyzing Latina and Black women’s growth Founded in 2012, the Newark-based startup leverages data, programs, and advocacy to catalyze economic growth for Latina and Black women founders at all stages of their entrepreneurial and funding journeys. In 2016, digitalundivided launched the Project Diane Report, the first biennial demographic study that captures the experiences of Latina and Black women tech founders. “Building on the legacy of women like Diane Nash who worked
Silicon Valley Bank’s (SVB) collapse has reignited debates about whether the US government is doing enough to regulate financial institutions – but another debate is brewing. Here’s an excerpt from a Wall Street Journal opinion piece published on March 12: “Was there regulatory failure? Perhaps. SVB was regulated like a bank but looked more like a money-market fund. Then there’s this: In its proxy statement, SVB notes that besides 91% of their board being independent and 45% women they also have “1 Black,” “1 LGBTQ+” and “2 Veterans.” I’m not
Google for Startups is accepting applications for its Black Founders Funds in the US, Europe, Africa, and Brazil, and its Latino Founders Fund in the US. This year also marks the first time Google for Startups has opened the US funds to the public. In previous years, Google reportedly selected US businesses solely through referrals. Less than 0.5% of funding goes to Black-led startups, even though 77% of them are revenue-generating and create an average of 5.4 jobs each. First announced in June 2020, the Black Founders Fund was launched as
A TV series about the rise of Black and Latine startup founders? A definite must-see. Founding in Color, a documentary series by Comcast Universal, has returned to our screens for its second season. The docuseries follows the journeys of 11 Black and Latine startup founders as they navigate the many complexities that come with launching a business as a minority founder. Throughout the series, each entrepreneur shares exclusive insights into the hurdles they have faced as underrepresented founders. The three-part series created by Comcast NBCUniversal LIFT Labs and REVOLT’s creative agency
The Hispanic Technology Executive Council (HITEC) and the Illinois Institute of Technology have come together to support the growth of Hispanic tech talent by opening the door to educational opportunities and scholarships within technology and business. HITEC Foundation scholars and HITEC corporate Emerging Executive Program graduates looking to pursue an MBA or Master of Science degree from the Illinois Tech Stuart School of Business will be considered for scholarships worth up to $2 million. Everything you need to know about HITEC and the Illinois Tech HTEC is a global executive
This article by Josefina Mancilla was originally published on Medium. First time for everything… like being an American Growing up, the only people I knew (knew knew) were immigrants, Latin American immigrants. People who barely spoke English, worked long hours doing tiring work — cleaning ladies, construction workers, nannies, janitors, mechanics, truckers, field workers, etc. The kind of people who got paid by the hour, sometimes minimum wage, sometimes no health benefits or paid sick leave or PTO. Good people who worked hard but got back very little. I never knew
