Richualist founder Dawn Myers has secured investment from business figures Mark Cuban and Emma Grede on Shark Tank for her hair tool for textured hair. The washday styling tool Myers’ product, The Mint, is designed to detangle, condition, and style curly to coily hair types (classified as 3A to 4C). The hair tool includes six attachments and is designed to simplify and enhance styling. The technology used heats liquid hair products to optimize their effectiveness, addressing the often complicated and time-consuming nature of managing highly textured hair. “You simply load your pod; think
Westbound Equity Partners, formerly Concrete Rose Capital, has raised an impressive $100 million to invest in Black, Latine, and diversity-focused founders. Westbound Equity Partners Spearheaded by Sean Mendy, a former Boys & Girls Clubs of the Peninsula director, Westbound’s mission is to channel resources into startups that demonstrate potential while embodying a commitment to diversity and equitable culture. Mendy’s vision was to create a fund to break the homogeneous investment and entrepreneurship cycle and foster a more diverse and inclusive tech ecosystem. The uniqueness of Westbound lies in its dual approach. On the one
Billionaires Mark Cuban and Michael Rubin agreed to invest $300,000 in Black-owned AI startup Bot-It, on a recent episode of ABC’s Shark Tank. Founded by Maurice Bachelor and Joel Griffith, Bot-It lets users automate online tasks like booking appointments, making restaurant reservations, and even securing concert tickets. Bot-It Bot-It is a new service that introduces web automation to everyday people without requiring any coding or technical skills to set up. Bachelor conceived the idea after seeing a friend struggle with completing an online task, and after searching the internet for
For almost six years, I’ve sat in on investor meetings and made deals with startup teams committed to disruption. I’ve seen entrepreneurship in its greatest form, and as an early-stage investor, I’ve been part of getting exciting ideas off the ground and into the marketplace. Uniquely, my career as a founder-turned-investor has been surrounded by nuanced advocacy for social equity and fair opportunities, driving me to relentlessly champion underrepresented voices and create a level playing field for all. Early in my career, I worked closely with the leadership gender gap
Aphonzo Terrell, who was laid off from Twitter last year, confirmed that his app Spill, which gained popularity within the Black community, has recently raised a $2M extension round and had celebrity investments. The Spill App Terrell and DeVaris Brown – CEO and CTO of Spill – are both former Twitter – now known as X – employees. The two met on their first day working at Twitter after noticing they were the only Black guys on their team. However, when Elon Musk bought Twitter, Terrell was laid off from
San Francisco-based startup Writer Inc., a generative AI platform for corporate content, has raised $100 million. Using AI to write content Writer is a generative AI startup that uses its large language models (LLMS) to let enterprises and their employees write and edit content. This may include emails, documents, and ads adhering to a company’s editorial guidelines. With the name “Writer”, the startup only produces text, removing the operation of visual content such as images and videos. Founders May Habib from Lebanon and Wassem Alshikh from Syria used their personal
Today, Robert F. Smith announced that Vista Equity Partners, his market investment firm, has surpassed $100 billion in assets under management (AUM)—the total market value of all its investments. Vista Equity Partners Smith is the wealthiest Black man in the United States, surpassing Oprah Winfrey in 2018 as the richest Black American. He founded Vista Equity Partners in 2000 to invest in businesses that use tech to promote economic equity, ecological responsibility, and diversity and inclusion. He recently announced plans to sell Apptio – a company that helps connect technology investments to business
Black tech entrepreneur Luke Cooper aims to raise $50 million by November for his Baltimore-based venture capital firm, Latimer Ventures. Latimer Ventures Latimer Ventures, named in honor of Lewis Latimer, an African American inventor born to fugitive slaves, is a venture capital firm focused on helping the next generation of Black and Hispanic enterprise SaaS unicorns. They source the best seed deals from diverse managers and connect them with tech startups. Cooper founded Latimer Ventures in 2022 to address the lack of capital available to entrepreneurs of color. He plans to
Founder and CEO of market investment firm Vista Equity Partners Robert Smith has announced plans to sell Apptio – a company that helps connect technology investments to business outcomes – to IBM for $4.6 billion. Having bought the software maker for $1.9 billion in 2019, the firm has now doubled its initial investment with a return of 142% on the initial payment to acquire the company. In a separate statement, IBM revealed that it would use cash on hand to fund the deal, which should be complete in the second half of 2023.
Early-stage investor Black Seed has raised £5 million ($6.25 million) with aims to create a Black Silicon Valley in London. The South London-based venture firm raised the money as an inaugural fund to invest in and support Black founders by investing in seed-stage startups. Founders Karl Lokko, Cyril Lutterodt, and founding member Yvonne Nagawa launched Black Seed to address the lack of funding Black founders receive in the UK. According to Techcrunch, the firm will focus on early-stage investing, serving as a kind of “family and friends” round for those
