Born in Los Angeles, Nwandu grew up in a foster home after her mother was killed by her father in a tragic episode of domestic violence. Fast forward to 2014, which by all accounts, looked like it was the year that Angelica Nwandu’s adult life was in a downward spiral. She failed her LSAT and GMAT exams because she couldn’t afford test-prep classes while all her friends were graduating. But her life turned around years after and now she owns one of the largest media brands on social media –
Just 1% of venture capital raised goes to Black entrepreneurs. Fifth Star wants to change that. It’s writing checks at the earliest stages of a startup’s life — the “friends and family” round — providing investments between $25,000 and $50,000 for each startup. It has so far raised just under $1 million, with plans ultimately to deploy $5 million to Chicago’s Black founders. Launched in February 2021, Fifth Star Funds has created a unique venture capital fund specifically dedicated to backing Black founders in Chicago. Fifth Star Funds aims to foster a more
Morgan Stanley’s recent panel discussion to mark Black History Month—featuring three alumni from our in-house accelerator for women and multicultural entrepreneurs—explored issues of access to funding, the Black wealth gap, and other challenges unique to Black founders. The conversation, entitled “A Founder’s Journey: Lessons in Resilience, Vision and Innovation,” moderated by Executive Director LaToya Wilson – included Tiffanie K. Stanard, founder, and CEO of Stimulus, a relationship intelligence SaaS platform that uses data and analytics to simplify how companies make purchasing decisions. B.J. Wiley Williams, founder and CEO of SoHookd, a wellness
Jade Kearney, who experienced postpartum depression herself, developed an app to help solve this particular problem. Although the journey as a Black female founder hasn’t been easy – she’s keeping hope. Kearney’s mental wellness journey began soon after giving birth to her daughter as she experienced postpartum depression and anxiety, and had difficulty finding a community and culturally competent resources to turn to. The birth of her daughter made her realize the neglect Black mothers face when it comes to their mental well-being. But the mother had to teach herself
Just one percent of VC-funded founders in the US are Black and the rates of investment in European Black-owned businesses are even lower. Just three percent of Londoners working in the tech sector are Black and only 8.5% of senior leaders in the UK tech sector are from Black, Asian, or minority ethnic backgrounds. If we were to break these numbers down further – the numbers would be very low for Black women. But this isn’t because they aren’t creating amazing things. Take Sheilisa McNeal Burgess for example – a
SMASH, a STEM racial justice nonprofit focused on addressing inequities in education, and the nationally renowned HBCU Spelman College have announced a partnership to offer programming and support to young women of color interested in academic and professional careers in science, technology, engineering, and mathematics. With this partnership, Spelman College joins a network of several universities around the country, in addition to Atlanta’s Morehouse College, that offers programming through SMASH to historically underrepresented groups in STEM. The cohort will comprise 25 female high school students, who will have the opportunity to participate in multi-year immersive
You might have read the article published last year on the Silicon Valley employee who hid his disability from his employers. In an in-depth piece about his experiences, they started off by saying: “I have a learning disability, meaning that I learn differently from other people. I live and work in Silicon Valley, the natural habitat of road runners. I’ve spent my professional life as one of those worker bees who creates the widgets and doodads that make life a little easier. For the sake of this story—and my employability—let’s
Karin Fuentesová started off her career in the accounting sector, where she worked for 13 years. While working there, she observed how much time is wasted by people doing mundane tasks, such as manual data entry of invoices into accounting systems. After taking notes, Fuentesová launched Digitoo, which automates manual bookkeeping processes. Founded in 2019, the founder struggled to find investors but in 2021, it raised €900k in seed funding from Czech investors Kaya VC and Nation 1. For Fuentesová this was a huge success because only 46% of founders raise more than
Maci Peterson – who has sent her share of accidental text messages — tried to put end to the embarrassing-text-epidemic with the long-adored app she launched when she was just 28-years-old. Peterson launched On Second Thought back in December 2014 as a texting app that allows users to “take back” a text up to 60 seconds after it was sent before it reaches the receiver. It grew with 42,000 users. Called “The Texting Savior” by AT&T, On Second Thought was reportedly a patented, mobile delay/recall technology that lets users take back
Tulsa educators are eligible for an exclusive teaching fellowship program run by Black Tech Street and Hewlett-Packard to give teachers the tools to reinvent their classrooms. Black Tech Street is specifically asking teachers of color to apply for this program. It says this unique fellowship will allow teachers to experiment with new tech tools in their classrooms and build community with other Tulsa educators, according to Newson6. The fellowship called HP Teaching Fellowship is offering 25 teachers tools for free in Tulsa Public Schools. “We want to ensure that our Black
