In this EYL Medium episode, co-founder Isaac Hayes discusses raising $10 million for social media platform Fan Base and his plans to raise $17 million more. He also addresses the racial bias in VC funding, the impact of the 17 million raise, and the future of black tech startups.
Topics covered:
– The fan base platform and its freemium model
– Raising $10 million and plans to raise $17 million more
– Deciding to opt for crowdfunding over venture capital due to racial bias and the impact of COVID-19
– The challenges and importance of scaling a tech startup
– The significance of the funding for the landscape of black tech startups
00:00 In 2023, black startups received minimal funding.
05:19 Startup raises $160 million, plans to scale.
08:53 Startups led by black founders face challenges.
10:26 Pioneering black man raises $10 million in crowdfunding.
#TechLeadership #EquityCrowdfunding”
source
Some genuinely superb information, Sword lily I observed this.