Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. TikTok may go dark in the United States. As a former TikTok employee, the way the ban will work here in the United States will be different than the one in India in 2020. The first difference is the politics surrounding why the bans are happening in the two countries in the first place. In India, the ban was less about TikTok and more so about the strained relationship between India and China. The root of their strain comes from the dispute that China and India have related to who owns Aksai Chin, which India claims to be part of its Ladakh region. China has claimed the land since 1962 and the Sino-Indian War. Due to the longstanding tensions between the two countries since, India opted to use economic tools against China, which in this case meant banning Chinese companies from doing business in India. When TikTok was banned from India so were WeChat, Alibaba, and Xiaomi. In the United States,...
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...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Donald Trump will soon start his second term as president of the United States and will have to show the people who voted for him that he will follow through on promises made on the campaign trail. He promised to raise tariffs on exports from countries like China to prioritize American workers and companies here in the United States. Given how impactful tariffs can be on certain countries and within certain areas of the tech industry, it is best to prepare ahead of time for how those tariffs will change the industry and affect opportunities. Tariffs are an additional tax added on a country’s imports or exports. Trump’s relationship with tariffs started during his first administration, and they were primarily targeted at China. The first exports he put tariffs on were solar panels and washing machines at a rate of 20%-50% in January 2018 , which affected China and other countries. He subsequently...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Companies and products are often designed with younger generations, like Gen Z and Millennials, in mind. However, this emphasis often causes the industry to overlook older generations who also need technology tailored to their needs. One would think this would be an obvious market, given that Gen X and Boomers hold more wealth than younger generations. That wealth alone makes them an attractive customer base because they can afford the products and services being developed. Even so, there hasn’t been much focus from tech investors or founders on creating solutions for this demographic. How often have you come across a founder or investor saying, “We’re building this for Gen X or Boomers”? Rarely, if ever. This is a massively overlooked opportunity. One reason for this lack of attention is that the tech industry is perpetually focused on the future. Rarely does it look to the past. When developing...
Mark Zuckerberg announced that Meta —the company that owns Instagram, WhatsApp, and Facebook, which collectively have a combined daily active user base of 3.3 billion—will be implementing sweeping changes to content moderation. The announcement was made via a Reel on Zuckerberg’s Instagram . Anyone on the internet knows that, over the last five years, content has often taken precedence over real connection. Considering the incoming presidential administration and the immense influence platforms like Facebook and Instagram have on what content is seen or suppressed, it’s unsurprising that Meta is overhauling its approach ahead of this political transition. This is especially relevant given the strained relationship Donald Trump has had with social media companies like Facebook and X (formerly known as Twitter) over the years. Content moderation has become a highly polarizing issue in the United States, especially due to the political nature of our cultural spaces and the increasing...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Since the release of ChatGPT two years ago, everyone has been talking about how artificial intelligence would change the world. Whether it was getting any answer you needed at the drop of a hat or creating any image or video you wanted just by describing it, the hours and money that would have gone into either are no longer an issue because AI does all the work on your behalf. When techies discuss the work AI could help someone do, they always focus on those in white-collar jobs, assisting them in searching or summarizing vast amounts of unstructured data to provide the insights they need or the creations they want. That may explain why many AI companies target the same use cases and markets. However, I believe the power of AI doesn’t just lie in reimagining how we experience our digital and physical worlds. After the pandemic, a term was coined : “ revenge spending” — essentially, people getting...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Washington, D.C ., has long been a hub for Black individuals seeking community and opportunity. Known affectionately as “Chocolate City,” the area is home to a thriving population of Black professionals who live, work, and play in the region. D.C. is not only the home of prestigious HBCUs like Howard University but also serves as the political heart of the United States, with most career opportunities tied to government work. Companies such as Booz Allen Hamilton and Deloitte offer consulting roles that bridge the gap between the private sector and government. As interest grows from both the government and the technology industry to strengthen their collaboration, career opportunities at the intersection of these sectors — at the federal, state, and local levels — are expected to rise. This is an emerging opportunity that aspiring professionals should pay attention to. In this article, I’ll...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. TikTok is once again finding itself at odds with the U.S government as it fights to stay available here in the U.S. Previously, TikTok had to go up against The Commitee On Foreign Investment In The United States because the company’s ties to China through its owner Bytedance prompted some concerns by the U.S. government for national security. President Joe Biden signed a new law in April 2024 that would force the sale of TikTok to a U.S.-owned entity, or it will face a permanent ban here in the U.S. starting January 2025. TikTok then asked the Supreme Court to place a pause on the potential ban to hear its arguments on why the platform should be able to operate in the U.S. The Supreme Court will hear the start to its arguments on Jan. 10. Today, TikTok is a place not only to discover content but also to engage in commerce. TikTok Shop launched in September 2023 and has quickly become a mainstay...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. “Health is wealth” is a phrase that people have been using for years, and to me, it does not only refer to the health of one’s body but also to the opportunities that I see in health. The category has historically been geared towards products for men and women as a whole — and not focused on the issues that women specifically face. However, in the first half of 2024, digital health startups looking to improve women’s health outcomes saw a 3% increase in capital invested when compared to the first 6 months of 2023, showing a total of $679 million for 2024, according to PitchBook . This increased investment interest, I believe, will not only l ead to better health outcomes for women but present a set of opportunities for people to build their tech careers in this growing sector. The areas within women’s health that tech companies are targeting and show the most promise are companies focused on...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. President-elect Donald Trump is starting to fill out the list of people who will be closest to him during his second term in office. It was announced that Elon Musk and Vivek Ramaswamy will head an organization called the Department of Government Efficiency , which aims to ensure that tax dollars are being allocated properly and to reduce bureaucracy. DOGE, as it is being called around the internet, will not be a formal body within the government but will instead operate outside of it in an advisory capacity. As Trump and Musk continue to build a closer relationship with one another, we may see Musk’s views pushed through the Trump administration’s actions, and perhaps DOGE is the first iteration of that. While many know who Musk is, Ramaswamy is a lesser-known public figure. Ramaswamy is the founder of Roivant Sciences, a life science and drug development company, and he also ran for the...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Decisive — that’s the word that best captures what the world witnessed on Election Day 2024. Not only did Donald Trump secure a win to become president-elect but the Republicans also took control of the Senate. With this level of unified power, the Trump administration is poised to pursue its agenda unimpeded. Previously, I discussed the contrasting relationships that Vice President Kamala Harris and President-Elect Trump have with the tech industry. Now, with Trump positioned to shape federal policy toward tech, it’s time to explore what this shift means for those working in or aspiring to join the industry. I’ll dive into the new opportunities Trump’s administration may create, those it could curtail, and how these changes impact you. “Make America Great Again” has been the rallying cry for the Trump campaign and administration since he stepped on the scene. With him back in the Oval Office, one...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Before Vice President Kamala Harris replaced Joe Biden as the Democratic ticket’s front-runner, support for the party was low among the tech industry. In fact, many who now back Harris had previously withheld support from Biden, even favoring Trump over the Democratic candidate. Ben Horowitz, the co-founder of Andreessen Horowitz, is one of those people who recently shifted their support in favor of Harris. After Harris took over the ticket in July, the energy across the tech industry shifted significantly, leading to the formation of new groups representing tech professionals — groups that hadn’t emerged during Biden’s campaign. These groups are VCs for Kamala and Founders for Kamala. They have raised money for her campaign and increased awareness of her positions on key issues impacting the tech industry. I will cover the tech industry’s sentiment under Biden, the current shift with Kamala as...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. “In the Club, we are all family” — does that ring a bell? TikTok has taken the world by storm since its transition from Musical.ly to TikTok following its acquisition by China-based Bytedance in 2017. Whether for dances, skits, or news, TikTok has become the destination for people worldwide to discover content that resonates with them. Although it serves as a platform for entertainment, learning, and creativity, TikTok has also been regarded as a national security risk by governments around the world, including those in India, Europe, and the United States. In India, TikTok and other Chinese-owned companies were banned in 2020. I was working as a team lead on TikTok’s global product operations team during its rise and subsequent ban in India. The ban restricted new downloads of the app, but employees in our India office were free to work on other projects with colleagues who needed extra support...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Often, in the political process, whether at the local, state, or federal level, Black men feel as though they are not considered when it comes to policy. Vice President Kamala Harris changed that when she released her nine-page economic agenda proposal called the Opportunity Agenda for Black Men. This document outlined how she specifically wanted to improve Black men’s lives holistically. Harris plans to take five steps to increase the prosperity of Black men. (1) Provide 1 million forgivable loans of $20,000 for Black men to create businesses; (2) Provide education, mentorship, and apprenticeship programs aimed at getting Black men into higher demand industries, as well as create pathways to bring more Black men into the world of teaching; (3) Support regulations for cryptocurrency, which Black men are materially represented in as holders of these assets; (4) Launch a National Health Equity...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. When one thinks about interest rates, the first thing that comes to mind could be credit cards, car loans, and mortgages, but did you know that they also have materially shaped the tech industry over the past 20 years? That’s because the federal interest rate that the Federal Reserve Board sets also informs the industry on whether money will be cheap or expensive, and that changes the way the industry seeks to operate. Below, we will touch on all of the players impacted by the increases and decreases in the federal interest rates. The startup ecosystem players that are affected in different ways by lower or higher interest rates are limited partners, venture capital firms, founders, and employees. The first one is limited partners, or LPs as they are called in the industry. LPs are the institutions or people that invest in venture capital firms. Examples of institutional LPs can be pension funds...