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Daymond John's Mom Took Out A Loan To Invest In Him — Now He's Helping Other Black Entrepreneurs Gain Access To Funding

Entrepreneurship is a long, arduous journey that’s rarely linear. And, for Black entrepreneurs the process can be even harder. It’s no secret that minorities and female founders often struggle to secure capital when compared to white male founders. Even attracting as much visibility in mainstream media as other businesses — including social media growth — can be harder. Plus, not having a network of fellow entrepreneurs who understand the challenges can make the entire experience lonely. Daymond John, a serial entrepreneur, understands this process all too well. From his days launching the iconic streetwear apparel brand FUBU to parlaying his business acumen into the investor niche, John learned from his growing pains. Now, he wants to help other Black-owned businesses navigate those issues. From Hollis, Queens, To The Tank Today, John is a household name, thanks to his tenure on the ABC’s “Shark Tank.” But many people are familiar with him from FUBU, a streetwear brand he started...

Flawless by Gabrielle Union Launches Funding Initiative to Support Black-Owned Businesses & Orgs

Award-winning actress and entrepreneur Gabrielle Union is using her beauty brand’s platform to show up for Black entrepreneurship and communities across the country during this time. Lift As We Climb — an initiative led by Flawless By Gabrielle Union — launched in partnership with celebrity hairstylist and Union’s business partner Larry Sims to support Black-owned businesses and organizations affected by the COVID-19 pandemic. “We fully intend to support black-owned entrepreneurs in meaningful ways that lead to growth while encouraging and recycling the Black dollar in our community,” Union said in a statement . “The success of the Flawless brand is important to me, but so is ensuring that we are actively contributing our reach and resources to help empower others.” Flawless by Gabrielle Union — a majority Black-owned business — will lend its support to the initiative by highlighting Black-owned brands across its social platforms and websites to increase visibility and...

Sep 25, 2020