"Beyoncé's Self-Funded Cécred Haircare Line and Generous Philanthropy"
Beyonce's new hair care company, Cécred, is making waves not only for its products but also for being completely self-funded without any outside investors. The six-year development period involved extensive testing and navigating investment opportunities, ultimately leading to the decision to self-fund. Beyonce emphasized the importance of prioritizing the needs of textured hair and expressed her vision for inclusivity in the haircare industry. Cécred's self-funding approach is breaking barriers in an industry where Black women received just 1% of VC funding in 2023.