We don’t need anymore promises this Friday. Just movement.
This week alone we’ve been promised several things: greater representation via jobs at tech companies, the upholding of affirmative action policies, and more funding for minority entrepreneurs.
I shared a turkey burger yesterday with my friend Michael English who dropped by 7th Street Market in Charlotte to update me on his life choices. He’s the guy from Durham responsible for convincing local HBCUs to allow him to open co-working spaces on campus. With quite the hill to climb as he launches markets this fall, he discussed the challenges of the constant need to “catch up”.
And I agree. We’re not doing this for our health.
We can’t afford to not accelerate our thinking as a community. We can’t afford to be under-resourced or underprepared for 21st century workforce environments. We can’t get caught not acting and behaving like thought leaders in spaces that desperately need our talents and skills for the protection and advancement of our communities both socially and economically.
ThePLUG, since day one, has been about the sole commitment to filling the need for visibility and expertise in an industry where our work and our narratives are narrowly invisible.
Today, I’m asking you to resource your friends and share this newsletter. We’re adding numbers daily. And we need your help to think through how we’ll get there together.
500 Startups Debuts $25 million Microfund Focused on Black and Latino founders
The early-stage startup venture firm launched a $25 million microfund dedicated to supporting Black and Latino entrepreneurs, marking the first time it has a fund focused on diversity and not on a particular region.
KEN YEUNG | VENTURE BEAT
Upfront Ventures Gets a New GP: Kobie Fuller
Fuller had led investments at Accel in software startups UserTesting and Emergent VR. He also invested as an angel in the VR headset maker Oculus VR before Facebook acquired it for $2 billion.
CONNIE LOIZOS | TECHCRUNCH
Seahawks QB Russell Wilson Getting $200k to Make Facebook Live Videos
Russell Wilson is one of 140 media companies and celebrities Facebook is paying approximately $50 million to create videos for its live-streaming service.
NAT LEVY | GEELWIRE
These Impact Investors Focus on “Believe in You” Money
Unlike most accelerators, Mortar’s model focuses on entrepreneurs who either live in the same neighborhood or want to do business with entrepreneurs from that neighborhood.
OSCAR PERRY ABELLO | NEXT CITY
Russell Okung’s Greater Foundation Continues to Expand Despite NFL Lineman’s Move to Denver
The foundation announced a partnership with Seattle-based trade school Code Fellows for a new fellowship program that helps former college athletes transition into careers in the technology industry.
-TAYLOR SOPER | GEEKWIRE