Tag Archives: enterprise

Beauty Entrepreneur’s Daughter Becomes Youngest CEO To Have Products Featured At Target

Posted on November 3, 2019 by Benny Hollywood| Leave a comment

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B eauty entrepreneur Courtney Adeleye —the woman behind the brand The Mane Choice—has broken barriers in entrepreneurship and her 5-year-old daughter is following in her footsteps. According to Black Enterprise , Adeleye’s daughter Lily Adeleye recently became the youngest CEO to have her company’s products sold at Target. “Being the first Mother/Daughter duo to hit shelves in one of the largest retail stores in the world is still surreal to us. It’s history.” @CourtneyAdeleye https://t.co/2I57JcL8j3 — Black Enterprise (@blackenterprise) November 1, 2019 With the help of her mother, the youngster cultivated a brand dubbed Lily Frilly. The brand was created to empower young girls. Lily Frilly sells a variety of products including backpacks, dresses, lunchboxes and bows which can now be found at Target. “From the time Lily was 3, I knew then she had a business mindset. At an early age, as she watched me build a successful business from the ground up, it exposed her to many possibilities and goals, so with that, we didn’t wait until she was an adult to help her pursue them,” Adeleye told the news outlet. “Many people don’t understand the importance of instilling ‘the NOW’ into children. Not in all situations do you have to wait until you’re older to pursue your dreams. Lily Frilly believes that children have the ability to meet their full potential at an early age and we hope people see our story as an inspiration to be innovative and step outside of the box.” The mother-daughter-duo is also using the brand as an avenue to create spaces for mothers and their children to connect by hosting kid-friendly networking and empowerment events. Young Black entrepreneurs are landing major deals with national retailers. 12-year-old business owner Gabrielle Goodwin —who founded GaBBY Bows— landed a deal with Target to have her products sold at 74 of their stores across the country. Earlier this year, 18-year-old beauty entrepreneur Zandra Cunningham inked a deal with the retailer to sell her brand’s beauty box in their stores. SEE ALSO: 18-Year-Old Beauty Entrepreneur Lands Major Deal With Target Black Millennial Entrepreneur Raises $30.5M During Series B Funding [ione_media_gallery src=”https://newsone.com” id=”3892060″ overlay=”true”]

Beauty Entrepreneur’s Daughter Becomes Youngest CEO To Have Products Featured At Target

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Entrepreneurs Join Forces To Create The Nation’s Largest Black-Owned Financial Firm

Posted on October 6, 2019 by Benny Hollywood| Leave a comment

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T wo Black entrepreneurs are displaying the power of collaboration. According to Black Enterprise , Black-owned investment firms The Williams Capital Group LP and Siebert Cisneros Shank & Co. LLC recently merged to become the largest minority and women-owned financial firm in the U.S. TWO BLACK INVESTMENT BANKS MERGE TO BECOME LARGEST MINORITY- AND WOMEN-OWNED FINANCIAL FIRM https://t.co/BaTXh6Gt03 — Black Enterprise (@blackenterprise) October 3, 2019 The Williams Capital Group LP is led by Connecticut native Christopher J. Williams . The Howard University graduate launched the investment bank in 1994. Since its inception, the full-service investment firm has held high rankings in tax-exempt securities and taxable securities and has received several awards for their work in the financial space. The company has served over 65 businesses that are Fortune 100 companies. Siebert Cisneros Shank & Co. LLC was founded in 1996 and is led by Georgia native Suzanne Shank . She’s the only Black woman to run a Wall Street firm. Her company has served as the lead manager for over 200 financings equating to $30 billion. The new firm—dubbed Siebert Williams Shank & Co.—will be overseen by Shank and Williams will take on the position of chairman. Former United States Secretary of Housing and Urban Development Henry Cisneros will serve as vice president. Both Williams and Shank believe that the partnership will strengthen their position amongst other Wall Street firms. “By bringing together two first-class firms, we will accelerate our collective success and greatly enhance our ability to serve our clients using a strong capital base that is now significantly larger,” Shank said in a statement . “We are creating the #1 ranked MWBE investment banking firm in the country that will continue to compete with the best firms on Wall Street. Williams was the only firm with the capabilities, talent, and integrity in the corporate underwriting space that we felt expanded our franchise and matched our work-ethic and high-standards of performance, and now, we have created a truly historic firm.” Williams says he’s excited about “playing a key role in leading and driving the growth of this dynamic organization” and is ready to “execute a shared vision of growth with laser focus on risk management, operations, and regulatory compliance.” The official merge is slated to be completed by January 2020 and there will be offices located in New York, Oakland, and other cities. SEE ALSO: Black Entrepreneurs Raise $8 Million For Barbershop-Focused App Black Entrepreneur Receives $1 Million Investment From Jay-Z’s Venture Capital Fund [ione_media_gallery src=”https://newsone.com” id=”3888948″ overlay=”true”]

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Debra Lee Appointed To Join AT&T’s Board Of Directors

Posted on August 4, 2019 by Benny Hollywood| Leave a comment

I t’s been over a year since Debra Lee stepped down from the helm of BET, and the businesswoman is continuing to make power moves. According to Black Enterprise , Lee was recently appointed to join AT&T’s board of directors. Debra Lee, former chairman and CEO of BET Networks, joined AT&T's board while she is leaving Twitter's board https://t.co/We4XdgNIat — Variety (@Variety) July 29, 2019 Lee was tapped to join the board of the telecommunications company for her business acumen and leadership in the media industry. During her tenure as the CEO and chairman of BET, she developed new platforms and outlets that celebrated Black entertainment and artistry and she was a leading force in increasing the network’s budget by 50 percent. She started her journey with BET in 1986 and worked hard to rise up the ranks. Amongst some of the projects that she spearheaded was the creation of BET.com, the BET Awards, the BET Experience festival and the Centric network. She joins AT&T’s board of directors after the company acquired Time Warner in an $85.4 billion deal. “Debra’s outstanding leadership, deep expertise and strong track record in the entertainment and media industry will be terrific additions to our board of directors,” AT&T chairman and CEO, Randall Stephenson said in a statement, according to Deadline . “Her unique perspective as a media industry leader and operations executive, and her lifetime commitment to community service give her valuable insights I look forward to having on our board.” Serving on boards is nothing new to Lee. She has been on boards at Marriott International Inc. and Twitter. She currently serves on the Alvin Ailey American Dance Theatre’s board. Her appointment comes at a time where there is a major need for racial diversity on boards. According to Reuters , between the years of 2016 and 2018, African Americans only accounted for 5 percent of new board directors. SEE ALSO: What’s Next For BET After Debra Lee Steps Down As CEO And Chairman? Serena Williams Appointed To Join Poshmark’s Board Of Directors [ione_media_gallery src=”https://newsone.com” id=”3882606″ overlay=”true”]

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Spirit Fingers: NalaYoncé Blessed Us With Her Second Tweet Of 2019 & Shut Down Twitter

Posted on July 17, 2019 by Benny Hollywood| Leave a comment

Twitter: New Tweet from Beyoncé Me: pic.twitter.com/olINtGlV0S — KS CHI (@keemoniofficial) July 17, 2019 Queen Bey’s 2nd Tweet Of 2019 Shatters Twitter It’s raaaaaare (RARE) that Beyoncé tweets but, when she does, it’s a THING–A MOMENT–that shuts down Twitter and riles up the BeyHive who went apesh*t (in the funniest way imaginable) when she dropped her visually dazzling “Lion King”-inspired video for “Spirit” currently snatching what’s left of our mangled manes. A SECOND?!?!?! TWEET FOR THE YEAR? bless. I’m full pic.twitter.com/AMct4zng5r — Clarkisha Kent (@IWriteAllDay_) July 17, 2019 Peep the hilarious hysteria over Bey’s 2nd tweet of 2019 on the flip.

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Spirit Fingers: NalaYoncé Blessed Us With Her Second Tweet Of 2019 & Shut Down Twitter

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Infamously Elusive Drug Lord El Chapo Sentenced To Life In Prison, Forced To Forfeit $12.6 Billion

Posted on July 17, 2019 by Benny Hollywood| Leave a comment

Source: OMAR TORRES/AFP/Getty Images / Getty El Chapo Sentenced To Life It’s officially a wrap for El Chapo. After several years of evading arrest and breakouts from prison, the Sinaloa drug cartel leader has been sentenced to life in prison plus 30 years. The news comes from CNN who reports that Chapo, real name Joaquín Guzmán Loera, told the court, “there was no justice here.” The Court also ordered the drug lord to pay $12.6 Billion in forfeiture. The amount he’ll pay in restitution has yet to be established. As previously reported Chapo was found guilty February 12, on 10 federal criminal counts; Engaging in a Continuing Criminal Enterprise International Cocaine, Heroin, Methamphetamine and Marijuana Manufacture and Distribution Conspiracy Cocaine Importation Conspiracy Cocaine Distribution Conspiracy International Distribution of Cocaine International Distribution of Cocaine International Distribution of Cocaine International Distribution of Cocaine Use of Firearms Conspiracy to Launder Narcotics Proceeds He’s expected to be moved to the same super-max security prison where the Unabomber and Boston bomber are serving their time.

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Infamously Elusive Drug Lord El Chapo Sentenced To Life In Prison, Forced To Forfeit $12.6 Billion

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Black Entrepreneur Receives $1 Million Investment From Jay-Z’s Venture Capital Fund

Posted on June 8, 2019 by Benny Hollywood| Leave a comment

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H ip hop mogul Jay-Z doesn’t only preach about the importance of entrepreneurship and ownership in the Black community; it’s something that he practices. The Brooklyn-bred rapper is investing in the futures of African American entrepreneurs. According to Black Enterprise , he recently invested $1 million in a Black-owned vegan cookie company. . @PartakeFoods is a black-owned company that makes health-conscious food products. https://t.co/qIPOmlFtmN — Black Enterprise (@blackenterprise) June 5, 2019 The brand—dubbed Partake Foods—was created by Denise Woodard . She founded the company after she struggled to find healthy snacks for her daughter who had several food allergies. Woodard realized that there was a larger need for more health-conscious food options and decided to move forward with launching her business. She funded her company through a Kickstarter campaign and as it grew, she left her corporate job at Coca-Cola to put all of her time into Partake Foods. Woodard started out selling cookies from her car and later received investments from venture capital firms that included Arlan Hamilton ’s Backstage Capital, The Factory, SoFi Venture, and Chuck Muth who is on the leadership team at Beyond Meat; a company that provides plant-based food options. Jay-Z’s investment was made through his venture capital firm Marcy Venture Capital Partners. “We are so excited to collaborate with the MVP and Factory teams, as they both bring a wealth of knowledge in brand building and scaling consumer companies,” Woodard said in a statement. Her products can be found in over 300 stores including Wegmans and Whole Foods. The leadership team at MVP is excited to invest in Partake Foods. “Partake has the ingredients to build a mass market brand: compelling values, a great tasting product, and a tenacious and experienced operator,” said MVP co-founder Larry Marcus . News about Jay-Z’s investment comes shortly after it was announced that he was named hip hop’s first billionaire by Forbes. SEE ALSO: ‘Forgot About Dre’: Is Jay-Z Really Rap’s First Billionaire? Serena Williams Joins Forces With Bumble To Support Women Of Color Entrepreneurs [ione_media_gallery src=”https://newsone.com” id=”3853862″ overlay=”true”]

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New Voices Fund Teams Up With MVMT50 To Empower Black Women Entrepreneurs

Posted on February 17, 2019 by Benny Hollywood| Leave a comment

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T he New Voices Fund has been working to level the playing field for women entrepreneurs of color. Through several partnerships, the fund has provided women with access to capital and other resources needed to succeed in the realm of entrepreneurship. One of the latest organizations to team up with the fund to create more opportunities for women of color business owners is MVMT50, Black Enterprise reported. . @mvmt50 , New Voices Fund Will Give $100,000 in Cash to Black Women Entrepreneurs https://t.co/h6UfToOThB — Black Enterprise (@blackenterprise) February 12, 2019 MVMT50 —a collective of Black leaders who are focused on increasing cultural representation in the innovation and technology spaces—has joined forces with SheaMoisture and the New Voices Foundation to host a pitch competition for Black women, the news outlet writes. The competition—dubbed PITCH BLACK—was created as an avenue to address the obstacles that Black women face when trying to become entrepreneurs, including the lack of access to capital. The competition winners will receive up to $100,000. “We created the New Voices Foundation to provide wrap-around services and ensure that we could meet our entrepreneurs where they are on their individual journeys, whether they need capital or other critical resources such as access or expertise,” Richelieu Dennis , Founder, New Voices Fund, said in a statement. “As we continue to invest in black women, I’m thrilled that we are able to do so via this impactful experience with MVMT50 and Pitch Black. Only through collective efforts will we truly begin to level the field.” The pitch competition is slated to take place at the University of Texas at Austin on March 9. There has been a push to support Black women founders. Last year Arlan Hamilton , founder of the venture capitalist firm Backstage Capital, announced that the company would invest $36 million in the entrepreneurial endeavors of African American women. SEE ALSO: Venture Capitalist Firm To Invest $36M In Black Women Founders 18-Year-Old Beauty Entrepreneur Lands Major Deal With Target [ione_media_gallery src=”https://newsone.com” id=”3844698″ overlay=”true”]

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Team Antigua Becomes First All-Black Women’s Rowing Team To Cross Atlantic Ocean

Posted on February 3, 2019 by Benny Hollywood| Leave a comment

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B lack women are displaying excellence in all fields, especially in the realm of sports. A group of women from Antigua recently hit a major milestone by becoming the first all-Black women’s rowing team to cross the Atlantic Ocean, Black Enterprise reported. Meet the first all-black women’s rowing team to cross the Atlantic Ocean. https://t.co/BHM4a2X4aN — Black Enterprise (@blackenterprise) February 1, 2019 The women—dubbed Team Antigua-The Island Girls—competed in the Talisker Whisky Atlantic Challenge. The competition is a premier event in ocean rowing. The team—which included Kevinia Francis , Christal Clashing , Elvira Bell , and Samara Emmanuel —embarked on their journey on December 12 in the Canary Islands and returned to Antigua at the end of January. Their journey was nothing short of grueling but the women pushed through and persevered. The entire trip was a total of 3,000 miles and they dealt with sea sickness and complications with their boat. Each woman brought their vast athletic experience to the competition. Francis was known for playing a handful of sports including track-and-field, basketball and cycling, Clashing is a former Olympian who became the first woman swimmer to represent Antigua and Barbuda at the Olympics, Bell is a swim instructor, and Emmanuel’s experience as a sailor spans over a decade. Junella King —a 17-year-old who served as an alternate for the team—worked as a sailing instructor. The competition was about more than rowing, the focus was on social good as well. The team competed to raise $150,000 for a charity called Cottage of Hope which focuses on providing shelter for orphaned girls who experience abuse. The women received a warm welcome home, as the government closed schools and other institutions early so that locals could congratulate the team. “While this is the third time a team from Antigua and Barbuda has entered the Challenge, we are truly proud that the first all-black female team to row the Atlantic is comprised of four courageous Antiguan women,” Charles Fernandez , Antigua and Barbuda Minister of Tourism, told Caribbean Life News . “This is history in the making, and it will truly be a momentous occasion for Antigua and Barbuda.” SEE ALSO: Hampton University Becomes First HBCU To Have Women’s Triathlon Team Tennis Star Naomi Osaka Slated To Ink Adidas’ Biggest Deal With A Woman Athlete [ione_media_gallery src=”https://newsone.com” id=”3845042″ overlay=”true”]

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Big Sean Is Investing In The Future Of Aspiring Black Entrepreneurs

Posted on December 30, 2018 by Benny Hollywood| Leave a comment

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D etroit-bred rapper Big Sean is investing in the next generation of entrepreneurs. According to Black Enterprise , he’s teaming up with Ally Financial and the Thurgood Marshall College Fund for an initiative that will help budding business owners bring their entrepreneurial vision to fruition. This competition will identify standout entrepreneurs-in-the-making from HBCUs https://t.co/3XxvYchjEt — Black Enterprise (@blackenterprise) December 27, 2018 Dubbed Moguls in the Making, the competition will identify aspiring entrepreneurs from historically Black colleges and universities across the country and have them compete to win a prize for their business. The students participating in the competition will have the opportunity to pitch their businesses ideas “Shark Tank” style before a panel of judges that will include representatives from Ally Financial and Big Sean. The program was designed to level the playing field for individuals from underserved communities and disenfranchised groups to step into the realm of entrepreneurship. “I really feel like one of my life purposes is to inspire,” Big Sean said in a statement, according to the news outlet. “Moguls in the Making is all about making the next generation of moguls, finding that hustler spirit and hunger that exists in our youth and bringing that forward. I’m excited to find these great young minds and give them a platform and an opportunity to further build their futures.” Alison Summerville , Head of Corporate Citizenship, Ally Financial, echoed his sentiments adding that the program will “provide all individuals greater access to services, education and resources they can use to help improve their economic circumstances and enrich their lives.” This isn’t the first time that Big Sean—whose real name is Sean Michael Leonard Anderson—has used his platform to empower and educate the younger generation. Through his organization the Sean Anderson Foundation, he created an initiative called Mogul Prep which teaches students about the ins and outs of the entertainment industry. The Moguls in the Making competition is slated to take place in Detroit in March. SEE ALSO: Rapper Big Sean Puts His Name To Good Use And Raises $100,000 For Flint Big Sean Rips Into The NFL For Deleting Colin Kaepernick Lyric From The Song ‘Big Bank’ [ione_media_gallery src=”https://newsone.com” id=”3838831″ overlay=”true”]

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Big Sean Is Investing In The Future Of Aspiring Black Entrepreneurs

Posted on December 30, 2018 by Benny Hollywood| Leave a comment

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D etroit-bred rapper Big Sean is investing in the next generation of entrepreneurs. According to Black Enterprise , he’s teaming up with Ally Financial and the Thurgood Marshall College Fund for an initiative that will help budding business owners bring their entrepreneurial vision to fruition. This competition will identify standout entrepreneurs-in-the-making from HBCUs https://t.co/3XxvYchjEt — Black Enterprise (@blackenterprise) December 27, 2018 Dubbed Moguls in the Making, the competition will identify aspiring entrepreneurs from historically Black colleges and universities across the country and have them compete to win a prize for their business. The students participating in the competition will have the opportunity to pitch their businesses ideas “Shark Tank” style before a panel of judges that will include representatives from Ally Financial and Big Sean. The program was designed to level the playing field for individuals from underserved communities and disenfranchised groups to step into the realm of entrepreneurship. “I really feel like one of my life purposes is to inspire,” Big Sean said in a statement, according to the news outlet. “Moguls in the Making is all about making the next generation of moguls, finding that hustler spirit and hunger that exists in our youth and bringing that forward. I’m excited to find these great young minds and give them a platform and an opportunity to further build their futures.” Alison Summerville , Head of Corporate Citizenship, Ally Financial, echoed his sentiments adding that the program will “provide all individuals greater access to services, education and resources they can use to help improve their economic circumstances and enrich their lives.” This isn’t the first time that Big Sean—whose real name is Sean Michael Leonard Anderson—has used his platform to empower and educate the younger generation. Through his organization the Sean Anderson Foundation, he created an initiative called Mogul Prep which teaches students about the ins and outs of the entertainment industry. The Moguls in the Making competition is slated to take place in Detroit in March. SEE ALSO: Rapper Big Sean Puts His Name To Good Use And Raises $100,000 For Flint Big Sean Rips Into The NFL For Deleting Colin Kaepernick Lyric From The Song ‘Big Bank’ [ione_media_gallery src=”https://newsone.com” id=”3838831″ overlay=”true”]

Big Sean Is Investing In The Future Of Aspiring Black Entrepreneurs

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