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Aaron Samuels Shares His Journey From Performance Poet To Reportedly Launching The First VC Firm To Be Simultaneously Funded By Amazon, Alphabet, And Twitter

Aaron Samuels has revealed his roadmap into the venture capital space. Samuels, co-founder and former chief operating officer (COO) of Blavity — w ho now leads a venture capital firm Collide Capital — has worn various hats in a career that spans more than a decade. He was a performance poet who spent nearly 10 years traveling and went on to secure roles as a director of operations (Dialogue Arts Project); senior associate consultant (Bain & Co.); and product manager (TeleSign) between 2011 and 2016, his LinkedIn mentions. For the next seven years, Samuels helped co-found Blavity Inc., a platform catering to Black Millennials and Gen Z amplifying areas of entertainment, politics, technology, and culture. It was created alongside Morgan DeBaun (CEO), Jeff Nelson (now COO), and Jonathan Jackson. Serving as the COO laid the footprint for Samuels’ foray as founder and managing partner of Collide Capital, which was founded in 2022 alongside Brian Hollins to provide resources, operational...

Dec 12, 2024

Investor Daymond John Presents Parker Barbee, The Owner Of Dessert Storefront Parfé Diem, A $25K Grant

Life can change at any given moment, and this was the case for entrepreneur Parker Barbee. In 2022, Barbee was laid off from his job just before the Christmas holiday. This moment of uncertainty led him to jumpstart his passion for a staple dessert in his family — banana pudding. KSL News reports Barbee is the founder of dessert sweet shop Parfé Diem, located in Salt Lake City, UT’s Sugar House neighborhood. According to its website, it features a variety of pudding parfait flavors, including banana, strawberry cheesecake, pistachio, and chocolate. It also offers shortbread cookies and a creative twist on the classic ice cream sandwich, using pudding as the filling. View this post on Instagram A post shared by parfé diem 😋 pudding parfaits (@parfediem) Now, just in time for the holiday season, Barbee’s venture has received a significant boost through the NAACP Powershift Entrepreneur Grant, established by investor Daymond John of “Shark Tank.” The grant is $25,000 and is funded with...

Dec 3, 2024

1863 Ventures, Founded By Dynamic Investor Melissa Bradley, Closes Its Doors As She Gears Up For A New Chapter

Melissa Bradley is turning a new leaf! Since 2016, Bradley, who was featured as an AFROTECH™ Future 50 Dynamic Investor, has been the proud founder of Washington, DC-based 1863 Ventures, which provides business development programs, coaching, mentorship, and access to capital primarily for new entrepreneurs, as noted on her LinkedIn profile. As AFROTECH™ previously reported, the venture aims to create $100 billion in wealth for the “New Majority,” Black and brown entrepreneurs. This goal is reflected in its portfolio, which comprises 90% Black-owned businesses, including the following: Nubian Heumann Eu’Genia Shea Harlem Candle Co. The Black Girl Doctor Now, eight years into 1863 Ventures’ inception, the Washington Business Journal has reported that the organization’s board voted to close down 1863’s nonprofit arm, which focused on early-stage companies. Currently, Bradley is on the hunt for a partner who can take on ownership of its portfolio companies, which have benefited from an...

Nov 27, 2024

James Harden Credits The Late Kobe Bryant For Investing In BodyArmor

James Harden hit the jackpot thanks to an investment decision influenced by the late Kobe Bryant. During an interview on the “Earn Your Leisure” podcast, the basketball star revealed that Bryant suggested creating a pool of money dedicated to investments, including sports drink company BodyArmor. As previously reported by AFROTECH™ , Bryant had invested $6 million in BodyArmor back in 2014. “Kobe basically was like ‘W e going to put a stash of $5 million and then any like business opportunities — it might be as little as $200,000, it might be $500,000 just depending on what, you know, what investment it is. But we going to put a pot together and we just going to invest our money,’ rest in peace before he passed away,” Harden explained to “Earn Your Leisure” hosts Rashad Bilal and Troy Millings. “ But BodyArmor was the beginning of that, and we seen how it is.” While it is unclear what Harden’s direct contributions were, the investment into BodyArmor was a smart move. In 2021,...

Nov 25, 2024

Giannis Antetokounmpo Launches A Venture Capital Firm Focused On Sports And Entertainment, Backs Women's 3-on-3 League Unrivaled

NBA star Giannis Antetokounmpo has launched a venture capital firm. According to Bleacher Report, the Milwaukee Bucks player has introduced Build Your Legacy Ventures (BYL). The venture capital firm, backed by institutional investors and tech veterans, aims to funnel investments into the sports and entertainment sectors. As noted in a press release, the firm will be “driven by the Antetokounmpo family’s dedication to fostering innovation and entrepreneurship.” “I’m incredibly energized to launch BYL Ventures as a way to give back and support the next generation of visionaries,” Antetokounmpo, founder and general partner of BYL Ventures, said in the release. “This fund is not just about capital; it’s about forging partnerships and opening my network to accelerate the growth trajectory for companies. I want to help other entrepreneurs, especially those who have faced barriers, to grow and succeed. BYL Ventures will be focused on finding people with big dreams and helping them make...

Nov 22, 2024

Michael Jordan Reportedly Invests An Undisclosed Amount In Courtside Ventures, A VC Firm Focused On Sports, Technology, And Gaming

Michael Jordan has invested in a VC firm aiming to align itself with multiple unicorns. Sportico reports that Jordan has invested an undisclosed amount in the fourth fund of Courtside Ventures, a firm focused on the sectors of sports, media, entertainment, technology, and gaming. According to Crunchbase, the firm was founded by Deepen Parikh and Vasu Kulkarni. With over $200 million in assets under management, Courtside Ventures’ portfolio includes companies such as Veo (hardware and software subscription); Winzo (social gaming); The Athletic (sports media brand); and Betty (social casino platform), among others. “When we started Courtside in 2016, we did so out of desperate market need,” a statement from Courtside Ventures’ blog post reads . “Not only was there no venture fund that focused on sports, but existing VCs would run to the hills every time they saw a sports deal. This left entrepreneurs constantly having to look for alternate sources of funding, mostly from the very...

Nov 20, 2024

AFROTECH™ 2024 — Hannah Bronfman Went From DJ To Angel Investor Of Over 70 Companies, Now She Looks To Start Her Own Fund

After co-creating the beauty app Beautified, Hannah Bronfman recognized the importance of investing in startups, which are often the last to receive funding or the resources needed to scale. Today, she takes pride in her work as an angel investor, helping to advise and raise venture capital for budding businesses. As a former DJ, content creator, and now trusted angel investor, Bronfman’s desire to help companies achieve their goals by putting investments behind them began when she joined Annie Evans and Peter Hananel as a co-founder of Beautified. This app allows users to book beauty services, including haircuts, manicures, facials, massages, and more, with various salons and spas offered on the platform. Since the inception of Beautifed in 2013, Bronfman has also become an expert in marketing. She’s advised companies on building a strategic online presence well before the rise of today’s influencer-driven marketing landscape. In 2017, she became an investor. “I started actually to...

Nov 19, 2024

Op-Ed: Here's How I Believe Kamala Harris' Campaign Got The Tech Industry To Side With The Democratic Party

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...

Nov 5, 2024

NAACP Capital And Partners Launch $200M Fund To Close Racial Equity Gap By Investing In Fund Managers And Startups

The NAACP has launched a “fund of funds” to scale impact within communities of color. According to a news release, NAACP Capital was formed with the support of Kapor Capital, the Kapor Center, and nine venture fund managers. It seeks to raise $200 million to fulfill its goal of investing in fund managers connected to sectors such as education, healthcare, and finance, with a focus on supporting underserved communities. Beyond capital, the initiative aims to close racial equity gaps and increase diversity within the tech industry. As part of this mission, resources and support will be provided to fund managers and founders. “As an ever-evolving legacy organization, the NAACP knows that innovation is borne out of inclusivity. Impact investing has the power to drive historic financial returns and uplift overlooked communities,” NAACP President and CEO Derrick Johnson said in a statement. “Right now, deeply entrenched systemic barriers are curtailing the innovative progress necessary to...

Nov 1, 2024

MaC Venture Capital Raises $150M For Its Third Fund To Invest In Diverse Founders

MaC Venture Capital has closed its third fund. According to a press release shared with AFROTECH™, the venture capital firm, launched in 2019 by former Washington, DC, Mayor Adrian Fenty and seed-stage venture capitalist Marlon Nichols , has raised $150 million in its third investment fund. Returning investors in this round include Boston College, Fairview Capital, the Los Angeles Fire and Police Pension, the Michigan Department of Treasury, Stepstone, the Teachers’ Retirement System of Illinois, and the University of Michigan. This investment brings MaC Venture Capital’s assets under management to $600 million, making it one of the largest seed-stage firms in Los Angeles, CA, and North America, per the release. “We’re grateful that we’ve grown so quickly in recent years, emphasizing that our investment framework succeeds in finding untapped potential in dynamic founders,” Fenty said. “During a time when the fundraising market looks troubling for early-stage startups, we continue to...

Nov 1, 2024

Rashad Bilal And Troy Millings Of 'Earn Your Leisure' Are Building A Green Residential Community In Ghana

“Earn Your Leisure” podcasters Rashad Bilal and Troy Millings continue to put their commitment to wealth building into practice. The pair have announced that construction on a 300-acre development, titled the Sanbra City Project, is underway in Ghana. The project is made possible through partnerships with activist Chakabars and developers Alvin Bekoe, Kwame Blay, and Tuyee Yeboah, Black Enterprise reports. The multi-phased project has “quietly” been in the works for more than a year and is rolling out first with a 40-unit community named The Cascades located in Borteyman, Accra, Ghana. “We acquired 300 acres of vacant land in Accra. We are now in the construction phase of a multi-phased development aimed at creating a vibrant community that welcomes the diaspora to Ghana for more than just parties. We will prioritize collaboration with local communities to ensure proper integration and mutual benefit. The time to come home has finally come! Homes are now available for sale,” “Earn...

Oct 28, 2024

Mike Tyson Invests In Plant-Based Fast Food Chain Mr. Charlie's TMS to Support Global Expansion

Mike Tyson has invested in the plant-based food sector. According to a press release, Carma HoldCo , the parent company of cannabis brand Tyson 2.0, has made an investment in Mr. Charlie’s Told Me So (TMS), a quick-service plant-based restaurant. Co-founded by Aaron Haxton and Taylor McKinnon, the restaurant offers “Not a Hamburger” patties, Tindle-based nuggets, and “Frowny Fries,” among other menu items. Thanks to the investment, Mr. Charlie’s TMS, which already has locations in Los Angeles, CA; San Francisco, CA; and Sydney, Australia, is set to reach even more customers globally as part of the plant-based movement. View this post on Instagram A post shared by Mr.Charlie’s Told Me So (@mrcharlies) Furthermore, Tyson views the investment as a prime opportunity to promote healthy alternatives, aligning perfectly with his personal values. As a longtime follower of a vegan lifestyle, he is especially excited about this venture. “Mr. Charlie’s is a natural choice for Carma Holdco, as...

Oct 25, 2024

Real Estate Developer Booker Washington Is Set To Open A Black-Owned Micro Community With A Coffee Shop And Tech Lab

Booker Washington is making homeownership more accessible for urban communities. He is the founder of Techie Homes, a real estate company that designs “smart micro-communities” in Atlanta, GA, priced below current market rates, according to its company website. “Accessible homeownership is an issue in Atlanta,” he told Business Insider. “Our goal is to provide homes at a price point where mortgages are equal to or less than the cost of renting a one-bedroom apartment.” While Washington subscribes to accessible homeownership, he makes it clear he does not want to label Techie Homes’ efforts as an affordable housing project. “We change the way we view environments, and if we change the way we view environments, we’ll change the actual person and how they grow,” Washington explained in a video clip . “That’s the reason why I don’t adopt to affordable housing projects, because if you put people of all the same incomes in the same place, they will only see what that other person’s low...

Oct 18, 2024

Yo Gotti Invested In D.C. United In 2021 — Here's How Much The Major League Soccer Team Is Worth Today

Yo Gotti is seeing a return on his investment in D.C. United. The “Rake It Up” rapper purchased a minority stake in the league in 2021 at a time when it was valued at $730 million, as AFROTECH™ previously reported. His foray was driven by his admiration for Jason Levien and Steve Kaplan, co-chairmen of D.C. United who have former ties to the NBA’s Memphis Grizzlies, which represents Yo Gotti’s hometown. “What I’ve seen them do in Memphis with the Grizzlies and just as businessmen in general; I wanted to be in business with them. D.C. United, I think, is a great organization and D.C. has always been, overall, one of my favorite markets, even as an entertainer,” Yo Gotti told The Athletic. “It’s always been one of my favorite cities to come to — the whole DMV area has always been one of my favorite places to come to. Being from Memphis, even when I was building outside of my tri-state area, I want to say that Maryland, Baltimore, those were some of the biggest shows I’ve ever done. So...

Oct 8, 2024

Joe Tillman Leaves Law Career Behind To Make Greater Impact As VP Of Merchant Bank The Raine Group

Private equity law expert Joe Tillman has a passion for creating opportunities for others. It is what has carried the California native’s career more than a decade and even led to him walking away from a stable career as a lawyer. Tillman’s initial exposure into law was not engraved in his upbringing. He admits to growing up in humble beginnings in Perris, CA, and not having access to people who worked in law or other professional spaces. It was not until his final year at California State University San Bernardino, where he would obtain a bachelor’s degree in finance, that his professor introduced to him the idea of pursuing law. “At this time, I did not have the $1,500 that it took to take an LSAT prep course. And he basically got the College of Finance to write me an impromptu scholarship so they could pay to get my LSAT prep course paid for,” Tillman told AFROTECH™ in an interview. “So, he was one of the few people that was willing to put his money where his mouth is. I took the...

Oct 7, 2024