Black Women Empowered, a global platform aimed to inspire women of color, has launched the Black Women Empowered Business Network. The platform will unite leading business and inspiring leaders to share their roadmap to success. Black women are the fastest growing group of entrepreneurs, according to a Harvard Business Review report that found that 17% of Black women are in the process of starting or are running new businesses, compared to 10% of white women and 15% of white men. Additionally, while Black women represent 14% of the female population,
This Juneteenth, we want to celebrate some Black startups that have set out to uplift and support the Black community. What is Juneteenth? Juneteenth commemorates June 19, 1865, the day more than 250,000 enslaved Black people in Galveston, Texas, finally learned that slavery had been abolished – two and a half years after the signing of the Emancipation Proclamation. The first Juneteenth was observed in 1866 and has been celebrated by Black Americans ever since. It is often referred to as the country’s second independence day and became an official
Akash Nigam, the co-founder and CEO of leading avatar company Genies, is spearheading the adoption of ChatGPT within his organization. According to Business Insider, Nigam is spending $2,400 a month on ChatGPT Plus accounts for his 120 employees to cut costs and unlock new levels of productivity. “I’m a pretty frugal, stingy person,” Nigam told the Business Insider. “But in my mind, this is for the health and growth of the company.” By automating monotonous tasks, such as answering coding queries, creating technical roadmaps, and generating creative briefs, Nigam says
The winner of the Invesco QQQ Legacy Classic Startup Pitch Competition has finally been announced. Out of 200 startups who applied to participate in the competition, only one has made it to the finishing line. Child-friendly music app, Healthy Hip Hop, has officially been crowned the winner of the startup pitch competition. The platform, founded in 2019 by Roy Scott, is an educational app aimed at children, infusing hip-hop culture with innovative technology. Last year, Michael B. Jordan announced that the Invesco QQQ startup pitch competition had returned for its second year in partnership
According to a new survey from Shopify, Black businesses contribute significantly to the company, yet they still struggle to get funding. The barriers Black-owned businesses face Black-owned businesses face many barriers that limit their growth, including a need for more access to capital funding and investments. Not only does this make it harder for them to succeed, but it also limits their growth potential. Despite racial and social justice movements catalyzing public support for Black businesses over recent years, minority founders have been left with unfulfilled promises of investments from banks,
Miiriya has been flooded with messages of support after the online marketplace for Black-owned businesses announced its upcoming closure. The brainchild of Lamine Loco, Miiriya is a platform connecting Black-owned businesses with consumers – kind of like an Etsy or Amazon for Black businesses. The name comes from Loco’s native language, Bambara/Dioula, and means “thoughts” or “ideas.” Committed to the circulation of the Black dollar, Miiriya lets vendors sign up without transaction or listing fees. They also pay credit card and PayPal fees out of pocket, so vendors receive 100% of
If you’ve been on TikTok lately, chances are you’ve come across food critic, Keith Lee. The MMA fighter-turned-food critic has dedicated his online platform to helping underrepresented Black-owned restaurants get the spotlight they deserve. In a recent video, popular TikToker Keith Lee revealed that he had helped a struggling Black business raise $30,000 in under 24 hours. Through his honest but rewarding TikTok reviews, struggling businesses have seen an enormous influx of customers, with many going from no customers to completely selling out. After making his way home, Lee spotted
Indianapolis-born actor Mike Epps has announced new plans to open an entertainment venue in downtown Detroit featuring Black-owned spirit and wine brands. The instability of our economy has forced many people to look for new innovative ways to increase their income and help others. As a result, celebrity entrepreneurship is rising, and comedian Mike Epps’ latest business venture exemplifies that. One Mike Detroit is a multi-faceted entertainment venue designed to celebrate the people of Detroit. According to Detroit News, the site will host live music, stand-up comedy, spoken word, and a VR experience. The
Black-owned real estate tech company, REZI, has secured $100 million in debt financing from Stratos Credit. REZI’s $100M Investment The announcement comes at a time of rapid growth for the platform, which has continuously shaken the status quo. The company, founded in 2016 by Sean Mitchell, has shaken the real estate space by creating space for the next generation of renters. The additional funding will go towards helping the company expand its services to more property owners and new markets. “Stratos has been a core strategic partner of REZI since 2017,” said
Black founder Jim Gibbs decided to launch parking payment app Meter Feeder after facing challenges breaking into the software engineering sector. Who is Jim Gibbs? Jim Gibbs, co-founder and CEO of the digital parking app, Meter Feeder, has built an impressive portfolio in software engineering over the years. Despite his entrepreneurial journey being a lot harder than most, Gibbs has always believed in the success of his business model. Jim Gibbs, a New York native, decided to move to Pittsburgh to attend Carnegie Mellon University as a computer science major. Due
