Schools were closed, a police command center was in place and a St. Louis County grand jury was widely expected to continue its work Monday in determining the fate of the white Ferguson police officer who… Read more…
The latest research is one step closer to finding a cure for AIDS by Courtney Connley Researchers at Temple University just revealed some groundbreaking news that is sure to make us all happy. After much hard work, a team of Temple University School of Medicine researchers have designed a way to eliminate the HIV-1 virus from human cells, indicating a […]
Stevie Wonder at the Pepsi Center Tuesday, March 17th 7:00 PM Tickets On Sale Now. Click here.
Welcome to The Grubbery! A modern American restaurant, bar, coffee, and loose-leaf tea shop. Serving chef inspired takes on American classics! The Grubbery is located just North of I-70 at 4880 Havana St–in the first floor of the glass office building just past the Office Depot warehouse! If you are coming from Northfield Shopping center, just head EAST on Northfield […]
Not many people properly prepare for the end. This includes funeral arrangements as well as insurance to take care of expenses and family members. The aftermath is usually an afterthought to be taken care of by those who are left behind. The funeral business in the African American community is one that has a rich and long history.
Madame Noire delves into the beginnings, stemming back to slavery.
“If you’ve ever picked up a fan in a Baptist church, chances are you’ve seen an appropriately misplaced ad for So-and-so’s Funeral Home inked across the back. There’s a logic to marketing death at church; in the African-American tradition afterlife services for even the least spiritual are held at the family church. But there’s something beyond that religious affiliated advertising that’s made the funeral business so prominent in the Black community. This rich history of interment should lay your curiosities to rest.”
Read more at MadameNoire
2013 NYC graduates (l to rt: Lorine Pendleton, Barbara Clarke, Sarah Hewitt, Adaora Udoji, Barbara Vrancik, Virginie Henry, Jamie Moy) with alumna Elizabeth Crowell and CEO Natalia Oberti Noguera. Photo Credit: Erica Torres
Black women are the fastest-growing entrepreneurs in the United States, starting businesses at six times the national average. The number of African-American women-owned businesses in 2013 was estimated at 1.1 million, comprising 42% of businesses owned by women of color and 49% of all African-American-owned businesses. African-American women-owned businesses employed 272,000 workers and generated $44.9 billion in revenue in 2013, according to a report released by the Center for American Progress.
Despite such numbers, black women entrepreneurs start their ventures with less funding then men. They also receive less money from private investors. In 2012, only 16% of startups pitching to angels were women-led and only 6% were minority-led, according to the Center for Venture Research at the University of New Hampshire. Out of that 16%, 25% secured funding, and, out of that 6%, 18% secured funding.
The Pipeline Fellowship and similar groups are changing the face of angel investing. Pipeline offers a boot camp that trains women to become angel investors who fund for-profit social enterprises headed by women. “While a high net worth woman might make a positive impact with money by donating to causes, Pipeline Fellowship’s goal is to provide her with another way to make a difference through money: by investing in women-led for-profit social ventures in exchange for equity,” says Founder and CEO Natalia Oberti Noguera.
An angel is an affluent person who invests his or her own money in a business startup, usually in exchange for convertible debt or ownership equity. In the U.S. there are currently about 7.2 million accredited investors, or individuals who earn $200,000 or more each year or whose net worth (not including their home) exceeds $1 million. Deals can range from $150,000 to $1 million, but the average angel investment in the first half of 2013 was $337,850.
Pipeline Fellowship is committed to curating diverse cohorts for three reasons, Oberti Noguera says. “First, as an LGBTQ [lesbian, gay, bisexual, transgender, queer] Latina, I think about diversity a lot. Second, an important piece of the Pipeline Fellowship experience is the group learning aspect. Having a diverse group of women (intergenerational, multiracial/multiethnic from a variety of industries, sectors, backgrounds, etc.) provides our angels-in-training with greater opportunities to learn from each other. Third, I agree with those who term angel investing ‘smart money,’ meaning that an angel’s value to an entrepreneur isn’t just the financial capital she provides—it’s also the social and human capital she can offer, and the more diverse the group of angels-in-training is, the broader the network (social capital) and skill set (human capital) the entrepreneur will be able to tap into.”
Since launching its first angel investing boot camp in April 2011, Pipeline has trained more than 70 women who have committed more than $350,000 in investment. It has also expanded from New York City to Boston, Chicago, Los Angeles, …read more
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