by Adam Bryant via nytimes.com
This interview with Mahisha Dellinger, chief executive of Curls, a maker of hair care products, has been edited for space and clarity.
Q. What were your early years like?
A. I grew up in California, in an area called Meadowview, which was dubbed Danger Island. There was a lot of crime: drug activity, gang activity, home invasions, drive-by shootings. I was my mother’s star child because I never gave her any trouble.But my brother was in a gang, so he got into a lot of trouble starting from 15 on. Our house actually got shot up because another gang came to retaliate. No one was hurt, but my environment was very much one of fear. I had to learn how to take care of myself at an early age. My mother worked a lot, and she was often gone. So from the age of 7 on, I got myself breakfast, made my lunch, went to school, came back home, did my homework, and then she would come home after 7. In that kind of neighborhood and environment, you can go either way. You can either become a leader and control your destiny because you’re forced to, or you can go in the opposite direction. I had to become a leader of my life, and it started there, at a young age.I think I have an innate strength about me because of where I came from. I’ve seen it all. And I had a desire to change my life. I didn’t want to live the way I was living. That pushed me to finish my education and ultimately go on to higher education, and change my legacy.
Given that you had to take care of yourself, were you able to be involved in things outside of school?
My mom changed her lifestyle. She used to party a lot on the weekend. My brother would babysit me, and take care of us both while she was gone. But in sixth grade, she gave her life to God, and that’s when our lives really changed for the better. From that point, it became all about church, all week. Church was my life. I didn’t have really a lot outside of that. It was a very strict environment from sixth grade on. I loved it. I had a sense of belonging.
Tell me about your decision to become an entrepreneur.
I reached a point where I decided I’m never going to work for anyone else again. I’m going to own my destiny, and I’m going to determine how far I can go. When I turned the switch on my website in April 2002, I was so happy when I had eight orders. It was the best thing ever, that first day. Initially, it was e-commerce only. The big change in my business really happened in 2009, when Target called and wanted to carry my products. That gave us the exposure we needed.
What have been some key leadership lessons for you?
I learned to soften my approach. Because I am a Type A, there’s not a lot of room for fluff, typically. That’s my personality, but I had to soften myself with certain people and adapt to different personalities and give each one what they need individually. I have four kids, and they’re all different. I feel like my employees are the same way. Some need more from me in some areas, some need less, and I had to change that so I could retain my key people. That was an important personal development for me.
To read more, go to: http://www.nytimes.com/2016/12/30/business/mahisha-dellinger-of-curls-on-becoming-a-leader-of-your-life.html?module=WatchingPortal®ion=c-column-middle-span-region&pgType=Homepage&action=click&mediaId=thumb_square&state=standard&contentPlacement=4&version=internal&contentCollection=www.nytimes.com&contentId=http%3A%2F%2Fwww.nytimes.com%2F2016%2F12%2F30%2Fbusiness%2Fmahisha-dellinger-of-curls-on-becoming-a-leader-of-your-life.html&eventName=Watching-article-click&_r=0
Posts published in “Business/Finance”
article by Lori Lakin Hutcherson
According to Variety.com, Cube Vision, rapper, actor and producer Ice Cube’s production company, has signed a comprehensive first-look deal with 20th Century Fox TV and Fox 21 Television Studios.
The two-year deal sets up Cube Vision to develop projects for broadcast, cable, and digital outlets. Ice Cube has brought in manager Jeff Kwatinetz to run Cube Vision’s TV production. Cube and Kwatinetz will both executive produce on the projects, which will run the gamut from traditional comedy and drama to animation and reality.
Under the deal, Fox also gets access to Cube Vision’s music library to use in its existing shows.
“It’s hard to think of a more multidimensional artist than Ice Cube, whose influence on the culture and enormous talent is virtually unrivaled,” Fox Television Group chairmen and CEOs Dana Walden and Gary Newman said. “We’ve been dying to be in business with him for years, and we think the combination of Cube and his incredibly talented producing partner Jeff Kwatinetz is going to result in some very compelling television.”
Cube echoed the sentiments. “I’m very happy and excited to work with the talented and creative people at Fox,” he said. “Their ability to bring groundbreaking television of every type through both cable and broadcast makes them the perfect partner for Cube Vision.”
Ice Cube is one of the executive producers behind VH1’s “Hollywood Squares” reboot “Hip Hop Squares”, and will next be seen in the New Line film “Fist Fight” opposite Charlie Day on Feb. 17.
Under the deal, Fox also gets access to Cube Vision’s music library to use in its existing shows.
“It’s hard to think of a more multidimensional artist than Ice Cube, whose influence on the culture and enormous talent is virtually unrivaled,” Fox Television Group chairmen and CEOs Dana Walden and Gary Newman said. “We’ve been dying to be in business with him for years, and we think the combination of Cube and his incredibly talented producing partner Jeff Kwatinetz is going to result in some very compelling television.”
Cube echoed the sentiments. “I’m very happy and excited to work with the talented and creative people at Fox,” he said. “Their ability to bring groundbreaking television of every type through both cable and broadcast makes them the perfect partner for Cube Vision.”
Ice Cube is one of the executive producers behind VH1’s “Hollywood Squares” reboot “Hip Hop Squares”, and will next be seen in the New Line film “Fist Fight” opposite Charlie Day on Feb. 17.
article by Brent Lang via Variety.com
It was a battle of the sequels at the multiplexes this weekend, as “Boo! A Madea Halloween” narrowly edged out “Jack Reacher: Never Go Back” to claim first place at the domestic box office.
The latest film in the long-running Madea series racked up $27.6 million. Comedian Chris Rock may be entitled to a percentage of the gross. Creator Tyler Perry was inspired to take his pistol-packing grandma trick-or-treating after Rock’s comedian character in 2014’s “Top Five” joked that his latest movie, a passion project about a slave revolt, was going head-to-head at the box office with “Boo! A Madea Halloween.” What was once intended as satire eventually became a seasonally appropriate reality.
“This isn’t the end of the series, it’s just the beginning,” said Jeff Bock, box office analyst with Exhibitor Relations, who noted that Perry also scored with 2013’s “A Madea Christmas.” “There are so many holidays left. There’s Easter, St. Patrick’s Day, and he hasn’t even done a Thanksgiving one yet.”
Don’t look for “Boo!” to end up in the Oscar race or on many reviewers’ “ten best” lists, but the Halloween comedy is a hit for distributor Lionsgate and reaffirms Perry’s star power. Despite being routinely derided by critics, the film series has an extremely loyal fan base. Collectively they’ve earned nearly $380 million. The latest Madea cost $20 million to make, and attracted a more diverse crowd. Typically the films have an audience that’s between 80% and 90% African-American, but this installment’s crowd was only 60% African-American, with the rest of ticket buyers made up largely of Caucasians and Hispanic movie-goers.
“The film crossed over and it expanded the audience,” said David Spitz, co-president of domestic distribution at Lionsgate. “Madea is such a beloved character and the timing helped. There are not many comedies in the marketplace right now and Halloween is right around the corner.”
To read full article, go to: http://variety.com/2016/film/news/box-office-madea-halloween-edges-out-jack-reacher-2-with-27-6-million-1201898150/
article via eurweb.com
Michael B. Jordan has moved his explosive film career into the executive suite.
The actor has signed a multiyear first-look film and TV production deal with Skydance Media to launch his own shingle, Outlier Productions, according to The Hollywood Reporter. Jordan has tapped Wynn Wygal to serve as the company’s vice president.
“Michael is an incredibly gifted actor and storyteller whose proven track record on both the big and small screen together with his boundless ambitions make him an ideal partner for us at Skydance,” Skydance CEO David Ellison said Wednesday in a statement. “We are so excited to team up with Michael and Eric on ‘Apollo Park,’ a riveting sports drama about courage, perseverance and family.”
Outlier’s first TV project under the deal is the scripted drama “Apollo Park,” which revolves around a young basketball player’s rapid rise to professional fame and the effects of his success on his family and community back in inner-city Detroit.
Eric Amadio, whose FX drama “Snowfall” was just picked up to series, co-created “Apollo Park” with Jordan and will write the potential series as well as executive produce alongside Jordan. Evan Silverberg, Kenny Goodman and Skydance’s Ellison, Dana Goldberg and Marcy Ross will also executive produce.
“I love telling true, modern stories and ‘Apollo Park’ — an underdog tale about a very real and very heroic hustler who defies stereotypes and thrives against great odds — has long been a passion project of mine. Eric and I are excited to join forces with the incredible creative team at Skydance to share it with the world,” said Jordan, who grew up playing basketball for his high school team in Newark, N.J. “I’m also very eager to start this new chapter in my career by launching my production company and I am thrilled to have Wynn join my team.”
article via jbhe.com
Jamillah R. Gabriel, librarian at Purdue University’s Black Cultural Center, has launched a new start-up subscription box venture that each month will send a newly released book written by a Black author to subscribers of the service. Subscribers also will receive four or five book-themed items with their new book that mirror prominent themes in the featured book as well as catalog cards and spine labels. The Call Number service, scheduled to debut in November, will start at $35 per month. Gabriel told JBHE that “I have selected the first book but I’m keeping that under wraps at the moment.”
Gabriel states that “These days there is a subscription box service for just about anything: fitness products, beauty products, even razors. However, after reviewing many literary subscription box sites I realized there were no book subscription boxes that highlighted Black literature. The lack of diversity in the publishing industry also spurred my decision to test the waters of entrepreneurship in an endeavor that would promote diverse literature in an easily accessible way.”
To read more, go to: https://www.jbhe.com/2016/10/purdue-university-librarian-starting-a-subscription-box-service-for-black-literature/
article by Wilfred Ainsworth via urbangeekz.com
Ride-sharing technology has boomed into a multi-billion dollar industry within the past decade with the biggest names being Uber and Lyft. Now a new platform, led by an innovative chief executive, looks to stake a claim in the global marketplace. Moovn is a ride-hailing app that is currently operating in 7 U.S. cities and has plans to rapidly expand in both western and emerging markets.
Founded by Tanzanian-born Godwin Gabriel, the mobile application also operates in 3 cities in Africa: Johannesburg, South Africa; Nairobi, Kenya; and Gabriel’s home city, Dar-es-salaam, Tanzania. In an interview with UrbanGeekz, Gabriel talks about teaching himself to code and developing the software to launch the platform. Still, he admits his beta launch was “amateurish at best” and states, “It wasn’t until we received investor backing that I was able to hire and collaborate with a team of seasoned developers to transform the platform into what we have today.”
When asked what his biggest challenges are, he says, “The market, for the most part, is currently being dominated by Uber and Lyft with these companies enjoying the benefits of having first mover advantage with the transportation technology space. However, we’re confident that the global market remains sizable enough for all of us to fit in and play.”
In fact, operating in Africa has been a smart business strategy, particularly with the rise smartphone usage across the continent. It is also a chance to do business in markets that hadn’t been explored by big name brands. “I believe Moovn is changing lives – particularly in Africa and developing markets,” he says. “For instance, drivers earn more on our platform, are reducing idle time and are able to provide and build their communities.”
Gabriel has an impressive track record climbing the ranks of corporate America. He also has an MBA from the University of Washington’s Foster School of Business. Stepping out in faith as a tech entrepreneur, he quickly realized that he had to differentiate his brand to create a competitive transportation technology platform.
Moovn sets itself apart from most ride-sharing applications because it allows the rider to pre-schedule trips up to a month in advance, instead of only being able to request one for immediate service. It also allows different vehicle options depending upon local modes of transportation, such as motorcycles and tricycles in developing economies. Other unique features include the movement of products and services from the marketplace to the consumer and the ability to enable businesses to keep track of their transport logistics.
To read full article, go to: African-American Launches Ride-Sharing App to Compete with Uber, Lyft – UrbanGeekz
article by Lori Lakin Hutcherson
Carnival Corporation, parent company to the Carnival Cruise Lines run by Chief Executive Officer Arnold W. Donald, is donating $2 million to the Smithsonian Institution’s National Museum of African American History & Culture through its philanthropic arm, Carnival Foundation.
Eleven years in the making and built at a cost of $540 million, the museum opened Sept. 24 on the National Mall with a dedication ceremony featuring remarks by President Barack Obama and a three-day music and spoken-word festival called “Freedom Sounds: A Community Celebration.” In recognition of the gift, NMAAHC has designated Carnival Corporation a Founding Donor of the museum.
“The National Museum of African American History & Culture is a celebration of the many contributions African Americans have made to the history, culture and community of the United States,” said Linda Coll, executive director of Carnival Foundation. “The organizations that Carnival Corporation supports through Carnival Foundation reflect the great value the company places on diversity and inclusion in the communities that we touch, and we are honored to be a part of this new museum.”
The 390,000-square-foot National Museum of African American History & Culture is located on a 5-acre site adjacent to the Washington Monument. Its 12 inaugural exhibitions feature more than 3,000 objects and cover topics ranging from military and sports history to performing arts and the western and northern migration.
About the National Museum African America of History & Culture
The NMAAHC is the only national museum devoted exclusively to the documentation of African American life, history and culture. It was established by Act of Congress in 2003, following decades of efforts to promote and highlight the contributions of African Americans. To date, the museum has collected nearly 40,000 artifacts. Nearly 100,000 individuals have become charter members of the museum. When the NMAAHC opened on Sept. 24, 2016, it became the 19th and newest museum of the Smithsonian Institution.
About Carnival Foundation
Carnival Foundation oversees the many philanthropic endeavors of Carnival Corporation and its 10 affiliated cruise line brands as well as its employee-driven service group, the “Friends Uniting Neighbors” (F.U.N.) Team. Although Carnival Foundation’s contributions are spread to communities where the brands operate, the company primarily focuses on organizations based in South Florida, where Carnival Corporation is headquartered. Through monetary and in-kind donations, innovative philanthropic programs, employee fundraisers and hands-on volunteer initiatives, Carnival Foundation and the brands of Carnival Corporation support a variety of organizations.
article by Rochelle Riley via Essence.com
Andrew Colom, 33, and David Alade, 29, ditched jobs in real estate and banking to start Century Partners, a development firm aimed at revitalizing neighborhoods in the Motor City. The duo also uses the biz to help Detroit’s Black residents build wealth.
What inspired you both to move to Detroit?
Andrew Colom: About five years ago, when I was a real estate developer in Mississippi, I was raking leaves in front of a house before showing it. I was listening to an audio book, Arc of Justice, about Ossian Sweet (a Black Detroit home owner acquitted of murder after he defended his new home against a White mob in 1925). I was thinking about the stories of people who were struggling during the Great Migration, and it sort of inspired me. So I took a trip up here about four years ago and drove around and fell in love with it. I went to David and said, “Detroit is where it’s at. We’ve got to invest.” He said, “You’re crazy.”
David Alade: As a banker at Credit Suisse in New York City, I covered the Big Three auto companies—Ford, GM and Chrysler. All I ever heard was negative stuff about Detroit. Andrew’s talking about artists and potential, and all I’m hearing is crime and violence and abandonment and bankrupt auto companies. About two years ago, I started thinking that it wasn’t my dream to stay in banking. I’ve seen so much inequity in the world, and it’s all tied to wealth disparity. And whatever I wanted to do next, I knew it had to be somewhere in that area.
How does Century Partners tackle wealth disparity?
Colom: We buy historic, abandoned homes and let neighbors invest in the rehabilitation of those homes and recoup their investment from the fund consisting of rent paid by new neighbors. Investors can also sell their homes to Century for cash and inclusion in the investment pool.
Why was it important for Black residents to be involved financially in the rehabilitation process?
Colom: Detroit is a city where there was such high African-American ownership of homes. That got us thinking about bringing neighborhoods back.
Alade: Mrs. Cox, a Black woman who has lived here for 50 years, will talk to you for hours upon hours about the history of Detroit. Within the context of White flight from the neighborhoods, we have a chance to reinvigorate diversity. Ultimately, we can help bring wealth back to the communities that deserve it the most. People who stuck with Detroit through the depths of crisis are really looking forward to seeing how it looks on the other side when home values go up and neighborhoods are vibrant again and abandonment is gone.
Colom: We want to make the Atkinson Historic District, a historically Black neighborhood that has been dormant, active again. They used neighborhood associations to keep Blacks out. What if we use neighborhood associations to build Black wealth?
To read rest of article, go to: http://www.essence.com/2016/08/16/rebuilding-detroit-century-partners-andrew-colom-david-alade
Andrew Colom, 33, and David Alade, 29, ditched jobs in real estate and banking to start Century Partners, a development firm aimed at revitalizing neighborhoods in the Motor City. The duo also uses the biz to help Detroit’s Black residents build wealth.
What inspired you both to move to Detroit?
Andrew Colom: About five years ago, when I was a real estate developer in Mississippi, I was raking leaves in front of a house before showing it. I was listening to an audio book, Arc of Justice, about Ossian Sweet (a Black Detroit home owner acquitted of murder after he defended his new home against a White mob in 1925). I was thinking about the stories of people who were struggling during the Great Migration, and it sort of inspired me. So I took a trip up here about four years ago and drove around and fell in love with it. I went to David and said, “Detroit is where it’s at. We’ve got to invest.” He said, “You’re crazy.”
David Alade: As a banker at Credit Suisse in New York City, I covered the Big Three auto companies—Ford, GM and Chrysler. All I ever heard was negative stuff about Detroit. Andrew’s talking about artists and potential, and all I’m hearing is crime and violence and abandonment and bankrupt auto companies. About two years ago, I started thinking that it wasn’t my dream to stay in banking. I’ve seen so much inequity in the world, and it’s all tied to wealth disparity. And whatever I wanted to do next, I knew it had to be somewhere in that area.
How does Century Partners tackle wealth disparity?
Colom: We buy historic, abandoned homes and let neighbors invest in the rehabilitation of those homes and recoup their investment from the fund consisting of rent paid by new neighbors. Investors can also sell their homes to Century for cash and inclusion in the investment pool.
Why was it important for Black residents to be involved financially in the rehabilitation process?
Colom: Detroit is a city where there was such high African-American ownership of homes. That got us thinking about bringing neighborhoods back.
Alade: Mrs. Cox, a Black woman who has lived here for 50 years, will talk to you for hours upon hours about the history of Detroit. Within the context of White flight from the neighborhoods, we have a chance to reinvigorate diversity. Ultimately, we can help bring wealth back to the communities that deserve it the most. People who stuck with Detroit through the depths of crisis are really looking forward to seeing how it looks on the other side when home values go up and neighborhoods are vibrant again and abandonment is gone.
Colom: We want to make the Atkinson Historic District, a historically Black neighborhood that has been dormant, active again. They used neighborhood associations to keep Blacks out. What if we use neighborhood associations to build Black wealth?
To read rest of article, go to: http://www.essence.com/2016/08/16/rebuilding-detroit-century-partners-andrew-colom-david-alade
article b
In 2013, when the founders of the Smithsonian’s National Museum of African American History and Culture were seeking donors, people directed them to one man: Robert F. Smith.
“We kept wondering, ‘Who is this Robert Smith?’ ” said Adrienne Brooks, director of development for the museum. Meeting Smith became a priority, said Lonnie G. Bunch III, the museum’s founding director. “We wanted to meet him. And soon,” Bunch said, laughing.
Soon many more people will know Robert Smith by name as the museum celebrates its grand opening this weekend. The private-equity financier was the museum’s second-biggest private donor, with a $20 million gift. Oprah Winfrey was No. 1, with $21 million.
Smith has built a fortune that’s made him one of the nation’s richest men — worth $2.5 billion, according to Forbes — but until now he has kept his work and philanthropy relatively quiet.
Even the website of his company, Vista Equity Partners, does not have a picture of him. Better, he had thought, that investors and executives know him first by his abilities. If they saw only the caramel skin of an African American, he might lose out on opportunities.
As Vista’s chairman and chief executive, he is in the business of buying, growing and selling off software companies. Vista’s portfolio has 35 companies with $26 billion in assets under management. He is the majority shareholder of Vista’s management company.
Beyond Wall Street and Silicon Valley, Smith long enjoyed moving in relative obscurity. That changed last fall when Forbes magazine put him on its cover, with an article for which he declined to be interviewed.
Now in an exclusive interview with The Washington Post, he’s ready to talk about his life’s work and the powerful social force that has pulled him out of the shadows: the racial tension escalating across the nation. Smith said he grew fearful that the very fabric of the country that allowed his parents to earn doctorate degrees and him to build a successful business is vulnerable.
Watching TV news, he saw the unrest in Ferguson, Mo., after the 2014 fatal shooting of an unarmed black youth, Michael Brown, by police. Last year he watched the turmoil following Freddie Gray’s funeral in Baltimore. Across the land, he feared, a sense of opportunity is giving way to rising hopelessness and despair.
“The vision I was sold as a kid is unraveling. I see the little tears in the fabric of society every day. This cannot be,” Smith said in the interview.
[A peek inside the National Mall’s latest edition: Tour the museum]
His philanthropic efforts go back years. Through the Fund II Foundation, of which he is the founding president, he has supported nonprofit groups that focus on African American culture, human rights, music education and the environment.
It was time to emerge, he thought, and do more. “We have to do something,” he said. “We have to do something for our community.”
To read full article, go to: https://www.washingtonpost.com/national/who-is-this-robert-smith-a-quiet-billionaire-makes-some-noise-with-20-million-gift-to-the-african-american-museum/2016/09/23/547da3a8-6fd0-11e6-8365-b19e428a975e_story.html
article by Patrice Tartt via blackenterprise.com
Entrepreneurship is not for the faint of heart, especially as a minority, given all of the competition. In fact, it takes diligence, perseverance, follow through, hard work, and a lot of it to be successful in any business. The thought of pursuing your dream is nice, but putting action behind that thought is just the preliminary phase, and where the hard work begins. And, the going doesn’t actually get tough until you start building your business with your blood, sweat, and your tears. As a fellow entrepreneur, I know about all of this a little too well, but in the end, it’s worth it, because dreaming isn’t just something that we do at night, dreams are meant to be lived.
Black-owned businesses have progressed rapidly over the years, and according to the most updated figures in 2007, provided by the U.S. Census Bureau, there were 1.9 million companies owned by black entrepreneurs, so imagine how many more there are to date. Supporting these businesses not only helps the entrepreneurs but also puts money back into the black community. BOBs are depending on the support of their community in order to survive and to thrive. With so many competitors in each industry, things can take a turn for the worst quickly if a business is not careful, therefore, we must be there for each other, diligently supporting. There is power in the black dollar, so why not put that power into assisting a community that understands your heritage and history, and values your life in general. While doing all of this, you should expect a quality product or service in return, and it becomes a win-win for both parties involved.
I’ve made it easy by compiling this list. Included are 11 black entrepreneurs that I highly recommend supporting, along with detailed information on each of their businesses. The majority are online businesses and the others that aren’t, be sure to recommend to both friends and family located in the respective areas.
Latorie Walker, owner & CEO of Aspire Early Learning Academy I & II located in West Columbia and Lexington, South Carolina, offers a boutique-style learning environment where children are taught with individualized developmental plans and a curriculum that adequately prepares each child for kindergarten. AspireELA, strives for excellence while preparing their students for a bright future in a safe, loving, and fun environment that focuses on academics. The teaching team at AspireELA are patient with all of their students and are well experienced in the field of Early Childhood. They are committed to ensuring that every child receives the best opportunity to produce the foundation for a fruitful, educational, and life-long experience. www.aspireearlylearningacademy.com
Brittney S. Carter, CEO of B. Carter Solutions L.L.C. located in the Washington, DC metro area was launched in April 2015. Carter decided that she wanted to start a company that offers “solutions” to a consumer’s problem under one umbrella. As a one-stop shop for public relations, social media management, and professional development needs, she relishes the opportunity to provide consumers with operational convenience. B. Carter Solutions is committed to elevate imaginative solutions by focusing on the mission behind the vision. They desire to measure the success for their clients through awareness, innovation, and out-of-the-box strategies sticking to their mantra, “Where Vision Meets Strategy.” www.bcartersolutions.com