Global Business News & Financial Daily Insights

Black-Led Startups Struggle As Venture Funding Dips Below $1 Billion

By: Jennifer Matthews

April 18, 2024

In venture funding, where opportunities often seem boundless and innovation reigns supreme, the reality for Black entrepreneurs often tells a starkly different story. Recent data reveals a troubling trend: venture funding for Black-founded startups has plummeted below the $1 billion mark for the first time since 2016. This staggering decline, amidst an already challenging economic landscape, raises critical questions about equity, access, and the future of entrepreneurship for communities of color.

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Creative Book Industry Lacks Black Perspectives With 4% Representation

By: Keyanna Harper

April 10, 2024

The lack of diversity in the creative book industry is a hot topic with Black writers and editors being underrepresented. Currently, 78% of the publishing industry is white, with only 4% Black representation. Diversity is far from where it should be for the Black perspective in an industry of all-white publishing. How can we expect to create literature that reflects the world as it exists if our authors are underrepresented?

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Art Collectors Trim Their Portfolios Amid The Shifting Market Landscape

By: Keyanna Harper

January 22, 2024

Art collectors are adjusting their investment strategies downwards because of the unpredictable and ongoing economic changes. 2023 saw them slash their investment portfolios to 19% from 24% in 2022. This takes a toll on the already declining Black artists’ representation in global auction sales which currently stands at at 1.9% from 2008 to mid-2022.

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Black Innovation’s Frontline: BrickRose Exchange Is Leveraging Art, The Metaverse, And Web3 For Unforgettable Live Experiences

By: CultureBanx Team

December 12, 2023

In the new era of digital immersion, the rise of the metaverse and web3 technologies have sparked a revolution in how we interact with digital and in-person spaces. This is where BrickRose Exchange, founded by Bianca Jackson comes into play as her company is bridging these new technologies to create unforgettable live experiences in a sector that’s expected to reach $2.1 billion by 2028. As these advancements continue to reshape the landscape, businesses and artists alike are discovering innovative ways to leverage these tools for bringing immersive and unforgettable live experiences to the forefront.

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