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As a Partner at Lightspeed Venture Partners — a multi-stage venture firm with offices around the world including places like Southeast Asia and right in Silicon Valley — Mercedes Bent understands the values that she brings to the tables of the founders she works with. During her chat with Black Tech Green Money’s Will Lucas, Bent speaks about engagement between VCs and startup operations, her approach beyond just focusing on bottom-line returns when it comes to her investments, and recommendations for how founders should select their potential investors. Bent is extremely passionate about the Fintech, Edtech, and Consumer spaces within the industry and notes that “if we want to see equality and economic prosperity, a lot of that has to come from financial inclusion.” As a past operator, Bent understands the empathy needed to connect with a founder on a proper level and the mindset that they have when working tirelessly to keep things afloat. “I always ask my founders what their...
Black business owners will soon have the chance to gain expertise and profitable tips from celebrity entrepreneurs who have managed to convert startups into successful enterprises. According to Black Enterprise , “Shark Tank” co-star and investor, Daymond John is partnering with production firm Medium Rare and Chase for Business to provide this opportunity through his Black Entrepreneurs Day initiative. “2020 has been a challenging year for many but has also created tremendous opportunities for people throughout the country to rise up to be heard,” said John, according to Black Enterprise. “I asked myself, ‘How can I make a difference?’ and ‘How can I call upon my network to help make that difference?’” Deemed a primetime special at the intersection of entertainment and business, the stream will include a segment titled Game Changer Conversations. It will feature John speaking one-on-one with cultural icons and Black business leaders to include Gabrielle Union, Shaquille O’Neal,...
To enhance customer experience and program execution, Black & Veatch just announced digital strategist and technology leader, Irvin Bishop, Jr., as their Chief Information Officer (CIO), in a press release . The move comes as the company works to increase focus on analytics, robust customer experience programs, digital transformation, and the acceleration of distributed projects, workforces, and assets. “Irvin has a strong record of driving innovation to effectively implement digital transformation, improve the customer experience and deliver bottom-line performance in emerging companies as well as within the world’s leading brands,” said Black & Veatch CEO, Steve Edwards, according to the release. “His focus on transformative technologies enabled some of the world’s most recognized brands to strengthen relationships with clients, partners, and consumers, and will be critical to supporting Black & Veatch’s global growth strategies.” Bringing with him a unique blend of technology and...
The Coach Foundation opened its purse for the Dream It Real initiative . In a press release , the institution announced a $1 million donation to The Opportunity Network , Bottom Line , and Year Up . The funding will go to the nonprofits’ efforts to help underrepresented students — and students from low-income communities — access better education opportunities. Each organization offers resources, coaching, and community to young people as they transition from secondary education to higher education to a career. “I’m proud to continue our commitment to Dream It Real with The Opportunity Network, Bottom Line and Year Up, three partners who share our vision and values,” said Interim CEO and Brand President of Coach, Todd Kahn, in a press release. “It is our goal to fight inequality by empowering under-represented students through education, and to help provide the resources, skills and mentoring they need to make their dreams a reality.” Since 2008, the Coach Foundation, whose...
Seeing your credit score drop can be scary, especially when you may be running a business that may need capital soon. But with time and good behavior, you can bring your score back up. Here are some tips on how to recover from a business credit score drop. In this article: What is a business credit score? What can cause your business credit score to drop? Ways to improve your business credit score The bottom line What is a business credit score? Unlike a personal credit score, which is calculated on a scale from 300-850, a business score is calculated on a scale from 1-100. A score above 75 is generally considered excellent, according to Mary Ann Strout, senior product manager for Experian Business Information Services. “Every bureau has their own proprietary models for calculating business scores and each are a bit different,” Strout said. Bureaus that track business credit include Dun & Bradstreet, Equifax and Experian. You can check your score by purchasing a business credit...
Credit is a finite resource — but so are your time and energy. While boosting your credit score might take a bit of effort, it doesn’t have to be a Sisyphean task. If combing your credit card reports for errors every month and disputing them is not an option, consider these easy ways you may be able to boost your credit and keep it in good standing. Why your credit score matters Your FICO credit score is used by lenders to determine your risk as a borrower. This three-digit number between 300 to 850 is created by a mathematical algorithm and based on financial data, such as how often you pay your bills on time and how much debt you have. The higher this number, the better your options will be. A healthy FICO score can help you get lower interest rates on loans, land you better offers for credit cards and even improve your chances of getting the job or residence you want. Your FICO score is made up of the following elements: Payment history (35%): This factor looks at whether or not...