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This Venture Capitalist sold his former company for $100 Million

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Adeyemi (“Ade”) Ajao is co-founder & Managing Partner at Base10 Partners, an early stage venture capital fund. Base10 recently made news for raising $137 million, the most money ever raised by a Black-led  venture capital fund. Before Base10, Ade was a co-founder of Tuenti (The “Spanish Facebook”). He launched Tuenti in 2005 and in 2010,…

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Foot Locker Invests $2 Million in Black Owned Footwear Design Academy

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Foot Locker Inc. has made a $2 million investment in Pensole Inc., which operates the Pensole Footwear Design Academy, founded by former Jordan design director D’Wayne Edwards. In short time, Pensole has become a signifiant part of the sportswear industry’s talent pipeline. Pensole features the most sought after faculty in footwear, comprised of both young professional designers…

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Black-Owned Businesses Carve Out Space In An Increasingly Gentrified D.C.

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It’s Friday night, and rapper Too Short’s “Blow the Whistle” is blaring inside of the only black-owned bar in D.C.’s predominantly white Dupont Circle neighborhood. Its patrons, drinks in hand, are enjoying various items from its Southern-influenced menu, like chicken and waffles and shrimp ‘n’ grits. But this bar wants to be known for more than…

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Tyler Perry Just Sold His Former Studio Lot For $18.5 Million

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In 2007 Tyler Perry purchased his first studio lot. A year ago, the property was put for sale (for $25 million), so that the company could move to a larger studio on the grounds of an old abandoned Army base (Fort McPherson) located just outside Atlanta. The studio reportedly sold for $18.5 million and closed…

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We Dat’s Grew from a Food Truck to Multiple Locations and an NBA Partnership

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Three years ago, We Dat’s founder, Greg Tillery started We Dat Food truck and began selling wings from the truck, outside nightclubs and by a car wash. Today, that food truck has grown into We Dat’s Chicken & Shrimp and has two locations. Greg also has his own seasoning line and has just signed a partnership with the…

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These Entrepreneurs Open The First Breast Cancer Boutique in the D.C. Area

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Breast Cancer

Cherry Blossom Intimates offers intimate-wear for breast cancer survivors and women who seek proper bra fit in the Washington, D.C. metropolitan area. It is the region’s first medical custom prosthetics and lingerie store of its kind. Jasmine Jones, chief operating officer for Cherry Blossom Intimates and former Miss D.C. USA 2016, said this store “would…

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This Family Owned Business Closed over $500 Million in Real Estate deals this year

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National Standard Abstract (NSA) is a family owned title insurance company located in Floral Park, NY. This year they have closed more than $500 million in commercial real estate transactions. In June, NSA closed a total of $432 million in faith-based and affordable-housing development transactions. The non-faith-based deals include the $189 million Archer Green in Jamaica,…

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Shea Moisture CEO could Turn Madam C.J. Walker’s Mansion into a Training Center for Black Women Entrepreneurs

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Madam CJ Walker’s Mansion

The ac­tual sale of Irv­ing­ton’s Villa Lewaro, home more than a cen­tury ago to Madam C. J. Walker, the Black en­tre­pre­neur who made a for­tune sell­ing skin and hair care prod­ucts to African-Amer­i­can women, took place last sum­mer, but the iden­tity of the new owner—and his plans for use of the 34-room man­sion—are emerg­ing only…

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11 Black Wedding Dress Designers you should know

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No matter what your personal style, these Black wedding dress designers from the U.S. and across the world, will make you look amazing on your special day. Black Wedding Dress Designers Jean-Ralph Thurin Violette Tannenbaum MEJEANNE COUTURE Andrea Pitter Campbell  Shukri Hashi Bridal Brides ny NoNA Kosibah AMSALE Nene L.A. Shiro Andrea Iyamah  Deola Sagoe…

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