Tag

Black Founders

All articles tagged with #black founders

technology1 year ago•5 min saved

"MoviePass Exposé: HBO's 'MovieCrash' Chronicles Rise and Fall"

HBO's new documentary "MoviePass, MovieCrash" explores the rise and fall of MoviePass, highlighting the overlooked contributions of its Black co-founders, Stacy Spikes and Hamet Watt, who were ousted before the company's collapse. The film sheds light on the challenges Black entrepreneurs face in securing venture capital, with Spikes hoping it will inspire more funding for minority founders. Despite MoviePass's bankruptcy and the legal troubles of later executives, Spikes has since repurchased and relaunched the company, achieving profitability in 2023.

via TechCrunch|

#black-founders #hbo-documentary #moviepass

technology2 years ago•1 min saved

"Black Founders Thrive at AfroTech Conference in Silicon Valley Bank"

Silicon Valley Bank, which experienced a dramatic collapse eight months ago, sponsored and hosted parties at AfroTech, the largest Black tech conference in the US. While some Black techies felt it was in poor taste for the bank to celebrate at the conference, others appreciated the bank's commitment to the community and believed it had the potential to earn trust again from scratch. Many Black founders who had previously banked with SVB have moved on to competing banks.

via TechCrunch|

#afrotech #banking #black-founders

business2 years ago•3 min saved

The Painful Reality of Banking: Losses, Crises, and Radical Thinking.

Silicon Valley Bank's collapse was especially hard for Black founder Isa Watson, who used the bank as her primary bank for all business expenses. Watson noticed that Black startup founders who banked with SVB reacted differently than non-Black founders, as the bank was known to support founders from diverse backgrounds in a big way. Black entrepreneurs typically receive less than 2% of all venture capital dollars each year, according to data from Crunchbase. Watson is emotionally exhausted and unsure whether to return fully to SVB or to diversify her business banking partners moving forward.

via CNBC|

#banking #black-founders #business