Black-Owned Tech Startup Raises $225M

BLACK-OWNED TECH STARTUP IN LOS ANGELES RAISES $225 MILLION, THE LARGEST INVESTMENT EVER FOR A TECH STARTUP LED BY AFRICAN AMERICANS

Los Angeles, CA -- A new Black-owned startup is making history as they have now received the largest investment ever for an African American led technology startup in the nation.

Black Unicorn Factory is an African American Accelerator program that is about to take the US by storm with its game-changing accelerated growth strategy for small businesses. This enterprising new development program, now commonly referred to as an 'accelerator' has raised $225 million dollars in funding from investors.

This is historic because currently only 1% of all venture capital is invested in African American startups. Currently, there are over 500 unicorns in the world but not one is owned by an African American.

HBCU Grad Launches $10.7M Venture Capital Firm

ENTREPRENEUR LAUNCHES $10.7M VENTURE CAPITAL AND PRIVATE EQUITY FIRM CALLED HBCU SEED

Nationwide -- While attending Oakwood University as a business major, Terrel Davis became a serial student entrepreneur who recognized three significant problems that HBCU students faced: lack of resources, services, and funding. As such, he decided to establish HBCU Seed, a venture capital and private equity firm that solely invests in businesses owned by HBCU students, alumni, faculty, and staff.

As an HBCU student, Davis witnessed firsthand the socioeconomic difficulties that student entrepreneurs had to face. HBCUs (Historically Black Colleges and Universities) generally only receive minimal financial support and amenities. That in turn leaves less money for them to support student entrepreneurs.

Experts say that the future of HBCUs is bleak since state legislatures and the federal government have reduced their funding in favor of financing institutions with larger endowments. When Davis established his own business, he was met with the same problems.

Personal Finance Expert Rahkim Sabree Weighs In On How to Spend Stimulus Checks

PERSONAL FINANCE EXPERT GIVES TIPS ON THE BEST WAYS TO SPEND STIMULUS CHECK

New Britain, CT -- Author, Tedx speaker, Non-profit cofounder, and personal finance expert Rahkim Sabree has built a platform of advocacy for financial education especially in the black and brown communities. He declares in his TED talk that he grew up to the mantra "Each one teach one, each one reach one. If you know, teach. If you don't know, learn" and that's exactly what he's done creating and sharing content across the popular social media sites like Instagram and Twitter, writing a book on financial empowerment, co-founding a non profit rooted in ending homelessness through education, delivering a TED talk, and most recently contributing to publications like TheGrio on personal finance matters.

"I believe that the best financial investment is an investment in financial education," writes Rahkim Sabree. "Here are 5 ways to spend your stimulus check regardless of the amount."

Rahkim then lists 5 ways including:

1. paying yourself first
2. investing in your future
3. paying your bill
4. investing in education and
5. investing through traditional mediums such as stocks and real estate." To read the full write up from TheGrio click HERE.

Rahkim is mission driven to inspire people who "look like him" to embrace financial education by "building a team," he explains. "This is a conversation that should be had at every dinner table, in every classroom, over the course of every holiday."

Tax Reduction Strategist Launches New Services

LAUNCHES TAX PLANNING SERVICE TO HELP ENTREPRENEURS LOWER TAX LIABILITY BY 30-50%

Dalaine Waller

Nationwide -- Meet Dalaine Waller, founder and CEO of Vraiment Financial, which helps millennial business owners develop legal tax strategies that can help their companies save a lot of money during tax season. A fiancé and mother of 3, Waller is already a rising trailblazer in the tax industry. She is a certified tax specialist, tax reduction strategist, certified bookkeeper, financial educator and speaker.

Based in Raleigh, North Carolina, her certified woman-owned small business is an educator that assist seasoned business owners as well as new entrepreneurs in understand the importance of the financial health of their company with tax preparation, bookkeeping and payroll and business consulting.

Her company's newest service tax planning has helped over 20 business owners save from 30-50% from their tax bill for the 2019 tax year. The goal is to educate companies on understanding why staying organized and prepared in their finances is the key approach to their success.

Tech Genius' Platform Dubbed "LinkedIn of Africa"

NEW WEB PLATFORM LAUNCHED BY NIGERIAN AMERICAN TECH GENIUS DUBBED "THE LINKEDIN OF AFRICA"

Nationwide -- BomaLink, a web-based, professional networking working platform for entrepreneurs and business professionals in the African Diaspora just launched. The platform is the brainchild of Nigerian American tech genius and IT guru, Shola Salako. 

After extensive travels to Africa and meeting former African Union Ambassador to the United States, Her Excellency, Dr. Arikana Chihombori-Quao, Shola recognized a need for all peoples of African descent to be informed about wealth building business opportunities on the continent.

Get in Early on Wealth Building Opportunities & Win Contracts on the African Continent

The African Union and other African based business leaders are always looking for skilled talent in the Diaspora. For so long they haven't had a great way of connecting with them.

BomaLink has been designed to change that. Business professionals that register on BomaLink and create a profile outlining their career experience and skills will be able to access business and job opportunity listings, inquire about them and bid on contracts.

How BomaLink Differs from Other Professional Networking Platforms -- Funding

BomaLink users show interest in opportunities through the platform (and win) will soon be able to apply for funding to cover the cost of fulfilling those contracts.

This funding will be similar to contract financing offered to businesses in the United States that bid on government contracts (and have to wait 30 days to 6 months to be paid) which can often cause cash flow issues for business owners. The Africa Boma Fund will be launched to help our members fund the completion of the contracts they win through our platform.

Black Millionaires Inspire New Online Community for Entrepreneurs

LESSONS FROM BLACK MILLIONAIRES USED TO LAUNCH ONLINE NETWORK & MASTERMIND FOR ENTREPRENEURS

Nationwide -- Brother Bedford, best-selling author and creator of Conversations With Black Millionaires, has launched The Masters Of Business Network & Mastermind as an online community that provides lessons and training from successful Black entrepreneurs. The M.O.B. also provides the space for users to share their business experience, network and mastermind with brothers and sisters from around the world.

Bedford, who is the best-selling author and creator of Conversations With Black Millionaires, believes entrepreneurship is the answer to curtail the serious economic and social problems we have in our community. He is not alone.

According to the recent McKinsey Report, "Automation and Artificial Intelligence will disrupt -- meaning kill or replace -- 4.5 million jobs held by African Americans by 2030." The report goes on to say further that, "African American workers are at a 10% higher risk to losing their jobs from automation than the general population."

Al Sharpton And Highly Regarded Speakers Converge On The Cincinnati State of the Black Culture Event

AL SHARPTON AND ANDRE PERRY TO SPEAK ON THE STATE OF BLACK CULTURE, JULY 23

Cincinnati, OH (BlackNews.com) -- Vibe Cincinnati, presented by the Cincinnati USA Convention & Visitors Bureau and The Greater Cincinnati and Northern Kentucky African American Chamber of Commerce, has announced The State of Black Culture, July 23, 1-3 p.m. at the National Underground Railroad Freedom Center. The free event will feature Andre Perry of the Brookings Institute speaking on the "Devaluation of Businesses in Black Communities," followed by a keynote address on the "State of Black Culture" from the Rev. Al Sharpton.

"The State of Black Culture will explore the lifestyle, development and ethnology of our communities, families and businesses. It presents a unique opportunity for businesspeople, entrepreneurs and those who wish to start their own business to learn more about the challenges that face Black businesses and the solutions that can lift our region as a whole," said Eric Kearney, president and CEO of the African American Chamber.

"Black people represent 12.7 percent of the U.S. population, but only 4.3% of the nation's 22.2 million business owners. Nearly 96 percent of business owners in the United States are non-Black people. Mr. Perry and Rev. Sharpton will show us hard data as to why - and what we can do as a community to develop the next generation of business owners and leaders.