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Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Often, those who rank in seniority get to speak for the broader community. How long does that work though, and how long should it last? It’s a question that comes up whenever someone of a previous generation is asked to speak or is seen as a representative during a current crisis a community is facing. AFROTECH™ previously reported that after Target rolled back its commitments to DEI, the retail store has seen a decline in foot traffic for the past 10 weeks. Target was one of the brands that, in the wake of the murder of George Floyd in 2020, put a lot of time and money towards pushing for racial justice and diversity, equity, and inclusion across the board. After the decline, The New York Post reported that Target CEO Brian Cornell met with Reverend Al Sharpton about its DEI policies, but should Sharpton be the one speaking for us? Sharpton came to prominence during the 1970s with his focus on...
As faith leaders, entrepreneurs, and policymakers navigate the fast-shifting terrain of artificial intelligence, automation, and digital globalization, few figures have leaned into this moment with as much intentionality — or complexity — as Bishop T.D. Jakes. Known to many as a pastor, to others as a media mogul, and increasingly to investors and technologists as an ecosystem builder, Jakes is reasserting his role at the intersection of innovation, equity, and cultural capital. This is where his ongoing initiative, the Good Soil Forum, enters the chat. The conference, which has convened business owners, technologists, creatives, and investors for years, positions itself as a gathering and a long-term infrastructure. It reflects Jakes’ emphasis on sustainability, access to capital, and the kind of practical knowledge often kept behind institutional gates. What has shifted recently, however, is not the mission — but the moment. When Technology Hits Close To Home For Jakes In 2024,...
A strategic partnership has formed to empower Black leaders. AFROTECH™ and The Gathering Spot (TGS) will be teaming up to scale AFROTECH™ Insider, a membership program designed to place participants on a track of excellence in tech and business through exclusive conversations and meetups, such as fireside chats, panel discussions, cocktail hours, and personal branding privileges, including priority for speaking events such as the annual AFROTECH™ Conference and PR opportunities. By teaming up with The Gathering Spot — a private-membership club bridging the gap between community and culture — AFROTECH™ will be able to provide greater resources, relationship building, and platforms to scale organizations for the membership community, which consists of Black executives, founders, and visionaries. “The Insider program was built for the modern executive who isn’t just leading teams — they’re shaping industries,” said Morgan DeBaun, founder and CEO of Blavity Inc. “Our partnership with...
Remaining a student has led Carmelo Anthony into various industries. The former NBA player, who retired in 2023 and is a first-ballot Basketball Hall of Fame inductee, reflects on his evolution from the 19-year-old drafted in 2003 to a businessman who is now a serial investor and founder in the wine and cannabis sectors. One of Anthony’s biggest takeaways: He is no longer operating in fear. “A top lesson that I’ve learned was ‘stop being afraid,'” he recalled in an interview with AFROTECH™. “ A lot of times when you’re younger and you in these powerful roles and there’s people who are making decisions and there are people writing checks, it’s like ‘You too young to understand it,’ until you grow and until you get older, you go through it and you understand what you truly want to do.” He continued, “At 19, 20, 21, I didn’t have any type of sense of business. I knew street business, I knew street knowledge. I have foundational ethics and morals that could carry over from the streets...
Twin brothers and co-founders Oliver and Alexander Kent-Braham are now behind a multi-billion-dollar company alongside David Goaté. As AFROTECH™ previously told you, the siblings founded U.K. -based digital car insurance startup Marshmallow to combat “unfair insurance prices” for migrants. “We now help 100,000s of UK newcomers get a fairer deal on their car insurance every year. We do this by building our own technology, developing pricing and fraud models that let us cater to their unique experiences, and investing time in getting to know them on a deeper level,” a statement on the company’s website reads. View this post on Instagram A post shared by Marshmallow (@getmarshmallow) According to TechCrunch, Marshmallow made history in 2021 as one of two Black-founded startups in the U.K. to reach a $1 billion valuation. As AFROTECH™ previously reported, the company raised $85 million in a Series B funding round with investors that included Passion Capital, Monzo, Investec, and...
Being a founder is not an easy journey. James Oliver who is currently behind Kabila, a company connecting underserved founders to co-founders, capital, and community, had his fair share of challenges prior to the venture. In fact, his first startup, WeMontage, failed while he was also navigating the early days of fatherhood — his twin children were born prematurely at just two pounds each via an emergency C-section. As AFROTECH™ previously told you, some of his difficulties were launching his company as a non-technical founder creating software. Two days after his children’s births, he had to attend an accelerator, led by gener8tor, which was a two-hour drive from where he lived in northeast Wisconsin. Ahead of a presentation on demo day, Oliver was greeted by an angel investor group, and they were willing to invest $250,000. “I dropped to my knees and thanked God because everything I was going through at that time was really hard. So that was my introduction to being a parent and...
John W. Rogers Jr. founded the nation’s first Black-owned mutual fund company and remains committed to expanding opportunities for other minority groups. Rogers comes from a family who upheld civil rights, fairness, and economic justice, he revealed in an interview with the SIU Paul Simon Public Policy Institute. It would be his father who sparked his interest in finance and economics. When Rogers was 12 years old, he received stocks as gifts for Christmas and his birthday. These included $200 worth of shares from companies such as General Motors and Commonwealth Edison, and he was able to pocket the dividends from those investments. “My dad was very insistent,” Rogers explained in the interview. “He wanted me to learn everything there is to know about the market, so he made me read the annual reports of the companies that were sent out every year, the quarterly reports that the companies would send out in those days, and I’d read about those companies.” His father also connected...
Spill is allowing its users to have a stake in its success. As AFROTECH™ previously reported , the social media app was created by Alphonzo “Phonz” Terrell and DeVaris Brown who had both worked for Twitter. In 2022, Terrell was laid off around the time Elon Musk had acquired the platform now known as X, while Brown had exited the company in 2020. Terrell says the focus in Spill’s creation was to support his colleagues and to answer a personal call, which was branching out to build a new platform. “Starting as a non-technical founder, that was a pretty daunting challenge. And I think it was that mindset of just determination that no matter what, I’m going to figure out a way to make something,” Terrell shared on the “Black Tech Green Money” podcast hosted by AFROTECH™ Brand Manager Will Lucas. “If I don’t raise a dollar, if I got to do whatever, everything starts, I think, from that particular mindset, and that is what’s magnetized.” He continued, “I think the type of energy that...
Tisha Thompson is among the 2% of female founders who have successfully secured funding. Thompson launched LYS Beauty in 2021, a clean color cosmetics brand designed to serve a diverse range of skin tones and types, according to its website. Her journey in the beauty industry began during college when she worked as a makeup artist to support her education while studying accounting, Fortune reports. After earning her degree, she secured an accounting role at PÜR Cosmetics, where she quickly advanced through the ranks, eventually becoming VP of Marketing and Innovation. “During my tenure there, I wore a lot of hats, similar to what I do now as a startup founder. I helped to innovate clean beauty product development, supported brand management and marketing, and also oversaw finance and operations,” she told the outlet. Now, Thompson is successfully leading her own business and has stacked on wins since. This includes making history as the first Black-owned clean makeup brand to launch...
50 Cent has secured a 30-year lease on a local venue to further his goal of revitalizing Shreveport, LA. As AFROTECH™ previously told you, through G-Unit Studios, he has the second-largest Black-owned studio, only trailing Tyler Perry. The 985,000-square-foot property in Shreveport is being used “to operate a production studio and/or activities and uses related to the promotion or development of the film, sound, light, movie, television, broadcasting, recording, and arts industries.” “Founding my own studio is the next step in my plan to expand G-Unit Film & Television’s output of premium, diverse content across all media and to provide more opportunities for artists, crew members, and the communities that support production of that content,” 50 Cent told KTAL News 6 at the time. Beyond the studio grounds, 50 Cent has been expanding his efforts across the city. In September 2024, a three-phase plan was announced that will include housing for low- to moderate-income families. Most...
We are giving our flowers to Black leaders who are shaping the future. Established in 2022, the AFROTECH™ Future 50 list will commemorate innovators, visionaries, founders, venture capitalists, technologists, and changemakers in the technology sector who have made historic strides, lifted as they climbed to create a more inclusive future, and are transforming their sectors and communities. AFROTECH™ Future 50 Categories There are five categories for submission. The Dynamic Investors category highlights venture capitalists who have not only driven strong returns but have also championed underrepresented founders in technology. A prime example is Charles Hudson, founder and managing partner of Precursor Ventures, which manages over $175 million in assets and has made more than 413 investments, according to Carta. Next, the Future Makers category will honor Black professionals who have achieved historic firsts, earned industry recognition, launched groundbreaking products, measured...
A Black woman-owned wine brand has secured a sweet victory. Established in 2023, IBest Wines has secured a partnership with American Airlines. The company was launched by Ingrid Best, who carries two decades of experience in the wine and spirits sector from companies such as Diageo, Moët Hennessy, and Bacardi, the company website mentions. She entered the industry as a brand ambassador, assisting in the launch of a small rum brand for Diageo in San Francisco, CA, New York, and Miami, FL, she said during an interview on “Way Up With Angela Yee.” She later rose up the ranks in the aforementioned companies, holding titles that include Regional Marketing Manager for Hennessy (2013-2016), Brand Director for D’USSE (2019-2020), and CE’s EVP, Global Head of Marketing Spirits (2021). Her career milestones include managing two of the largest venture joint spirit partnerships. “I was so fortunate to be exposed to every facet of the business, which typically, in an ambassador role, you aren’t...
Although Wally Amos didn’t set out to build a world-class brand, his creation has stood the test of time, leaving a lasting legacy. The beloved Famous Amos, with its signature bite-sized cookies inspired by Amos’ family recipe, launched in 1975 in a storefront on Los Angeles, CA’s Sunset Boulevard. When the store opened, his son, Shawn, was just seven years old, and he was one of its workers. “He worked in the back, and I worked in the front, and literally the two of us were tearing this place apart, building it, and opening it up. I learned the value of work, of just that all you have at the end of the day is work,” Shawn told AFROTECH™. “He wasn’t looking to create a worldwide brand or be an icon. He just wanted to open up a store selling cookies and make a living. And he really valued the work and took pride in the work.” The store’s launch was made possible through a $25,000 loan from notable entertainers such as Marvin Gaye and Helen Reddy. For years, Wally had been sharing his...
Entrepreneur Evan Fay has a new venture launching. In 2024, Fay, a U.S. Air Force veteran and California native with experience in real estate, celebrated the grand opening of his French-inspired coffee shop, Café Noir, in North Detroit, MI. He and his business partner , Asher Van Sickle, opened the shop to “provide a welcoming space for people to connect, socialize, and build community,” the Detroit Metro Times reports. “Yes, we want to offer coffee and really good food but we also want to be community-centric… We just want to offer a space that is inviting and if you need to use it or there’s a private event or whatever, we want to make sure that we’re that space,” Fay said at the time, per the outlet. “We’ve gotten a lot of positive feedback, a lot of people have been very excited about coming to the space and showing support. We’re really thankful to the community in the North End. We’re really excited. We’re here to be consistent and be available for people to come.” View this...
It’s a full-circle moment for Carmelo Anthony as he finds himself back where his journey first began. In 2022, the former NBA player made his foray into the wine sector with the launch of the global wine estate brand VII(N), as AFROTECH™ previously told you. He had shown an interest in wine more than a decade ago. While playing for the New York Knicks, he drank a bottle of Petrus, which played a pivotal role in his desire to create a wine profile, but instead for daily use. “I obviously know I couldn’t drink Petrus as my go-to wine every day, but I was chasing that taste profile, and it’s impossible to find it anywhere else. You just can’t. But I had to come down to earth and start figuring out what I could drink on a daily basis. I do have a very high taste profile, I must say,” he explained, according to Haute Living. While playing in New York, Anthony also adds that he was expanding not only his palette but also his network. His time in the city cemented his need to become a more...