Kicking off Black History Month in the US Backstage Capital has announced they’re opening their fund to allow regular people to invest alongside Backstage Capital. Through the crowdsourcing platform, Republic, individuals will have easier access to become venture capitalists. Opening the doors of opportunity for regular people to invest like a VC. It’s already raised $1M from over 2000 investors, with amounts as a little as $100. Leading the way with a new approach to venture capital investing, accredited and non-accredited investors can invest alongside Backstage giving talented underrepresented founders access to capital.
The term unicorn in the tech space is synonymous with hugely successful tech companies (think Uber, Airbnb, Stripe, Pinterest, & DropBox). Its a term given to a private company with a $1 billion valuation. Although still very much a rarity, the number of unicorn startups is higher than ever. According to recent stats, there are 506 tech unicorns globally. So how does a company founded by a POC reach unicorn status? There is no definitive recipe for success. When less than 1% of venture capital is invested in Black businesses each year,
“I want to solve problems, save the world, and make money while at it”- Damilola Olokesusi, Co-founder and CEO of Shuttlers
Damilola Olokesusi is the Co-founder and CEO of Shuttlers, a tech transport startup. In 2015, Olokesusi and her friends — Damilola Quadry and Busola Majekodunmi — were frustrated by the stress of commuting in Lagos, Nigeria. And following some nasty experiences, they decided to start Shuttlers. “One of my sisters got into a one-chance bus (a commercial bus used for robbing passengers), and it was a traumatic experience for me. She was taken to another destination where they were abducted and robbed. Having had our different bus experiences, we realised it was a collective pain point for us.
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Last summer I gathered over a dozen womxn of color startup founders and small business owners to connect in Seattle, Washington. We shared our backgrounds, experiences, expertise, challenges and successes as a collective given the historical and systematic exclusion in the business ecosystem. We bonded on our common experience of being ‘the only’, steadily pioneering our own industries. We would have never thought that six months later the world would be facing a global health crisis and we’d be scrambling to secure funding to survive. On average, womxn of color
This was originally posted here: http://ahvc.school/blog Yesterday, a friend of mine shared with me the great news that he was planning on starting a family and asked: “what is the one skill that you would love to teach your daughter as she grows up?” Almost immediately I answered, “the ability to make smart decisions on a consistent basis when I am not in the room.” One trait that I believe has shaped me profoundly in the decisions I make in my career, with my family and in life, is the
This article captures the pain-staking yet exhilarating fundraising journey of the TRIM-IT App founders Darren Tenkorang, Nathan Maalo, Nana Darko and Peter Lloyd. TRIM-IT is a mobile barbershop service that via an app offers a subscription service for men to get their hair cut [sans the hassle of traveling or long queues]. On the brink of shutting down their companyy, the universe threw a life jacket of $250,000! Based on this viral twitter thread, CEO Darren shows us that resilience is key when it comes to fundraising! For those that
“The beauty about community is that you often start off creating content, curating content then co-ordinating content created by the community” Andy Ayim Five entrepreneurs. One mission; building a business with ‘community’ in the center. If there is one lesson that can be taken away from the stories of these five founders, it is that a community first approach can be the key to success for a ‘start-up’. Black people [and people of color in general] know what it is like to not have their narrative told in the mainstream,
This post was originally posted here. I sometimes struggle to figure out the best way to convey something that is important to me to others. That may come as a shock to many of you because of all the articles and blogs I write, and the speaking gigs I have, and the fact that I’m in the business of recommending things to millions of people — but it’s true. For much of 2014 and 2015, I banged my head against a plane window flying back and forth between Austin and Silicon Valley
For the first time ever, someone besides my father gave me money do something. It was not just anyone either, it was the CEO of Y-Combinator Michael Seibel. The money is being used towards empowering Black Entrepreneurs in a monthly group I am organizing, but his contribution represents something fundamentally important that is hard to obtain — empowerment. Starting a successful venture is a complex undertaking that requires more than just the idea, but a good team, a strong network, strategy, capital and other important attributes. Black Entrepreneurs face a greater challenge