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Balancing a personal startup with a full-time job can seem like a bold but rewarding endeavor. Many entrepreneurs launch their ventures while still working at another company, using the stability of a paycheck to fund their ideas. However, this approach requires careful consideration of legal, ethical, and practical factors to ensure success without jeopardizing your current employment. Understanding Legal And Contractual Obligations Before diving in, it’s crucial to review your employment contract. Many companies include clauses that restrict employees from working on side projects, especially those that could compete with their business. Non-compete agreements may prevent you from starting a business in the same industry, while intellectual property clauses could mean your employer owns anything you create during your employment. If any of these terms are unclear, consulting a legal professional can help you avoid potential complications. Balancing Work And Entrepreneurship...
Allen Media Group has decided not to proceed with its initial plan to terminate or reassign nearly 100 local meteorologists following significant public outrage. As AFROTECH™ previously reported, the media company owned by Byron Allen planned to eliminate meteorologists at over 36 local television stations and replace them with pre-recorded forecasts from a hub of The Weather Channel, which was acquired for $300 million in 2018. However, on Friday, Jan. 24, 2025, NewsCast Studio reported that the media company reversed the decision aimed at streamlining operations and reducing costs. “While not all staff and meteorologists are safe, a majority will remain in their roles. Earlier today, employees were informed of their termination dates, but this afternoon they were told, ‘Allen will no longer hub the weather from Atlanta, and your job is still there,'” meteorologist Emily Pike of WMTW in Westbrook, ME, wrote on Facebook. WAAY in Huntsville, AL, and WTVA in Tupelo, MS, are two...
Serena Williams is supporting innovation in women’s health. Teal Health The tennis star has aligned herself with Teal Health, a women’s health startup founded by Kara Egan (CEO) and Dr. Avnesh Thakor in 2020. According to the company website, Teal Health’s inception trickles back to Thakor’s medical experiences over the years. He observed insufficient innovation around cervical cancer screenings and created a self-collect prototype. With Egan’s two decades of experience in finance, health, and technology, the company was formed with the vision to develop an at-home self-collect cervical cancer screening kit, currently under FDA review. A user can start by requesting a kit, which initiates a vetting process to confirm eligibility. Once approved, the kit will be delivered to your home for sample collection. The sample is then mailed to a lab, and results are shared through Teal Health’s application. Users also have the option to speak with a provider for additional support. Teal...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Venture capital has transformed over the last 15 years from a little-known industry to one of the most sought-after fields, thanks to the rise of iconic tech companies and the media spotlight on their stories. Movies, television, and digital media have brought the narratives of this once-obscure sector to screens worldwide. The first major story to captivate global attention was “ The Social Network” in 2010, chronicling Mark Zuckerberg’s journey from founding Facebook (now Meta) in his Harvard dorm room to building one of the world’s largest companies, with a market cap of $1.5 trillion. The allure of startups also made its way to the small screen with the hit HBO series “ Silicon Valley ”. Over six seasons, the show followed Richard Hendricks and his fictional startup , Pied Piper, portraying the highs and lows of launching, scaling, and exiting a startup. Each week, viewers gained insights into...
Annuities are often marketed as safe, reliable financial products that provide guaranteed income during retirement . While they may sound appealing on the surface, annuities can come with hidden pitfalls that make them less than ideal for many investors. Here’s a closer look at why annuities might be a poor investment choice for you. High Fees And Expenses One of the biggest drawbacks of annuities is their high cost. Many annuities come with layers of fees, including administrative charges, mortality and expense risk fees, and investment management fees. Variable annuities, in particular, can include additional costs like fund management fees and rider charges. These fees can eat into your returns over time, significantly reducing the overall growth of your investment. For instance, fees for variable annuities often average around 2% to 3% annually. Over decades, these fees compound and can cost you tens of thousands of dollars compared to lower-cost investment options like index...
Cincoro, Michael Jordan’s spirit company, is making large strides. As AFROTECH™ previously reported, the tequila company was founded in 2019 by Jordan in partnership with NBA team owners Jeanie Buss of the Los Angeles Lakers, Milwaukee Bucks’ Wes Edens, and Boston Celtics’ Emilia Fazzalari and Wyc Grousbeck. Since then, it has won numerous awards and attracted notable investors, including Serena Williams, Derek Jeter, Michael Strahan , Fenway Sports Group Co-founder Tom Werner, and RedBird Capital Partners Founder and Managing Partner Gerry Cardinale. “Michael introduced me to the brand, and I’ve been an avid fan of Cincoro Extra Añejo since it launched in 2019. I’m honored to support Cincoro in its next era,” said Jeter in a press release. Williams commented: “Being part of Cincoro isn’t just about business —it’s about championing a legacy of greatness. I love Cincoro. Just as I’ve strived for excellence on the court, I recognize the dedication and drive behind Cincoro, and I’m...
Meta is discontinuing its fact-checking system. On Tuesday, CEO Mark Zuckerberg and Chief Global Affairs Officer Joel Kaplan announced that the tech giant would transition to a community notes model — similar to the system on Elon Musk’s X — to “restore free expression,” according to a news release. “Meta’s platforms are built to be places where people can express themselves freely,” said Kaplan in the release. “That can be messy. On platforms where billions of people can have a voice, all the good, bad, and ugly is on display. But that’s free expression.” Kaplan noted that societal and political pressure to moderate content has pushed the company to develop increasingly complex systems to manage content across its platforms, including Facebook and Instagram , in recent years. “Too much harmless content gets censored, too many people find themselves wrongly locked up in ‘Facebook jail,’ and we are often too slow to respond when they do,” he added. Zuckerberg also believes the...
Serena Williams and her family are investors in what has now become the most valuable women’s sports franchise. In 2020, the tennis star, alongside her husband and Reddit founder Alexis Ohanian , joined a star-studded ownership group to establish Angel City FC, a National Women’s Soccer League (NWSL) team representing Los Angeles, CA, which officially launched in 2022, according to BBC Sport. Investors at the time included actresses Natalie Portman, Eva Longoria, Jennifer Garner, Uzo Aduba, and America Ferrera. Williams and Ohanian also added their daughter Alexis Olympia Ohanian Jr., who was just 2 years old at the time, as one of the team’s investors. This led Olympia to make history as the youngest owner of a professional sports team at the time, and she held onto that title until it was taken by her younger sister Adira River Ohanian, as AFROTECH™ previously mentioned. “We come together with a collective passion for bringing about change,” Julie Uhrman, Angel City FC co-founder...
WNBA star and Nike signee A’ja Wilson is making m ajor moves. Wilson has been a cornerstone player for the Las Vegas Aces since she was drafted first overall by the team in 2018, as noted by the WNBA. She has led the Aces to two consecutive national championships and earned multiple MVP awards, including one in 2024. What’s more, Wilson has continued to dominate as the year comes to a close. She made history as the first player to score 1,000 points in a single WNBA season, according to ESPN. “It was pretty surreal but it was one of those things that I did not understand it was in reach,” Wilson said in reflection, per CNN . “It didn’t really hit me until the second half when I was like ‘oh no, this is doable.’ … Like now to live in it, I’m living my dream and so I’m so grateful to be able to say I’m here, and now I know someone is going to crush it soon and going to be 2,000 points in a season, so I am going to hold onto it now while I got it.” Wilson’s victories also extend off...
Business owners are watching a back-and-forth battle that’s become tougher than playing tennis against Coco Gauff , and neither side is backing down. The two opponents? Business owners (specifically a Texas gun shop, the National Small Business Association and the state of Alabama) versus the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury (USDOT). What are they debating about? Nationwide business owners being required to file the Beneficial Ownership Information Report (BOIR) before January 1, 2025 in order to avoid a $591 fine, criminal penalties of up to two years in prison and repeat offenses that could lead to them owing $10K. What Is The Beneficial Ownership Information Report (BOIR)? Effective January 1, 2024, many companies in the United States must report information about their beneficial owners (the people who own or control their companies) to FinCEN , a bureau of USDOT. Filing is free and a onetime occurrence in order to...
What a year for Coco Gauff. The tennis star made her way to the 2024 Paris Olympic Games, marking her first appearance in the Olympics. Despite not medaling, her appearance proved to be quite memorable. She also made history as the youngest athlete and the first tennis player to serve as the torchbearer. View this post on Instagram A post shared by Team USA (@teamusa) In October 2024, Gauff made history yet again when she won the China Open. According to CNN, she outperformed opponent Karolina Muchová and became the first American to win the China Open since Serena Williams in 2013. She wraps up the year by adding another title. In November 2024, she defeated Olympic gold medalist Qinwen Zheng during the WTA Finals held in Riyadh, Saudi Arabia. As Forbes notes , this marks her ninth WTA Tour singles title. Gauff took to Instagram to reflect on her achievement. “In all seriousness, I’m so grateful for all the support the last few weeks. Getting to win the last tournament of the...
24-year-old actress Yara Shahidi felt protected when she entered the entertainment industry. At just 6 weeks old, she landed a photo shoot gig for a life insurance company, and by 6 years old, she had her first movie audition. In an interview with SoFi, led by Vivian Tu of Your Rich BFF, the actress reflected on her experience, noting that she was able to enjoy acting as a craft rather than as a means to support her family — a privilege she acknowledges isn’t always afforded to child stars. “My parents were able to set it up so that we had either family members or people that were helping us that were on set with another brother that were looking after me where they were able to dip out and do things for themselves,” she told SoFi. “So it was under that environment where I was able to have a fulfilling career at a young age and even be in my 20s, and say I’m happy I started that young. But it was so particular to being under those set of circumstances, which allowed me to enjoy...
When it comes to AFROTECH™, think of its offerings like an Oprah Winfrey giveaway. Everyone gets a session. Although the conference has tech in its title, the annual convening is more than a gathering of tech professionals. AFROTECH™ Conference is a vibrant, inclusive event crafted for tech enthusiasts, entrepreneurs, and professionals from all walks of life. On Day 2, Nov. 14, the agenda offers a deep dive into what attendees can expect from this year’s gathering. Regardless of your field, there’s something here for everyone. Let’s break down what to expect on Thursday. If you’re just arriving, head to the registration booths to get everything you need for a smooth experience. The Mall Of Opportunity The Expo Hall opens today, with resources and engaging experiences for all attendees. This year, the space is designed for you to connect with industry leaders, explore cutting-edge products, participate in hands-on workshops, check out sponsor booths, and stay ahead of industry trends...
Once again, Kai Cenat has broken a Twitch record. As AFROTECH™ previously reported, Cenat is in the midst of “Mafiathon 2,” a 24/7 stream running throughout November 2024. So far, the Twitch stream has featured guests such as Lil Uzi Vert, Snoop Dogg, GloRilla, Quavo, and most recently, Serena Williams. Cenat shared several goals for the stream, including allocating 20% of earnings toward the school he is building in Nigeria. He says the project was inspired by singer and streamer Ironmouse, who previously held the title of the most-subscribed creator on Twitch and also raised funds to support the Immune Deficiency Foundation. “Shout out to Ironmouse, because she inspired me to make sure to give a lot of this bread that’s coming in to a good cause,” Cent explained. To no one’s surprise, one of Cenat’s goals was to reclaim his title, which was previously taken by Ironmouse on Sept. 30, 2023, with more than 312,000 subscribers, Rolling Stone notes . Eleven days into “Mafiathon 2,”...
Tori Bell is helping companies ensure diversity, equity, and inclusion (DEI) is not an afterthought. Interest In DEI Work The Agnes Scott College graduate’s interest in DEI work was sparked during her early career stages in investment banking in Atlanta, GA, at SunTrust Robinson Humphrey. She served as an analyst and associate program manager between 2012 and 2015, managing the summer analyst program, her LinkedIn mentions. She later joined Jopwell, a career platform for minority students and professionals. The platform had received backing from a number of investors, including Magic Johnson, who had participated in a $3.25 million seed round in 2016, according to Inc. magazine. “What I saw during my time there was that you can hire diverse individuals into these major companies, but if they’re not prepared to support them i t’s kind of like you’re yelling into a void, ” Bell told AFROTECH™. “You’re not really doing much to move the needle, because you’re going to see turnover...