Tag: African business owners in America

Business

Adam Demuyakor | This 31-Year-Old Ghanaian-American Venture Capitalist Has Bet $12 Million On Real Estate And Diversity

By David Jeans | Forbes Staff

As institutional landlords grapple with vacant buildings, and real estate startups fight for survival, one 31-year-old venture capitalist is betting his firm on the category bouncing back. Stealth until now, Los Angeles-based VC firm Wilshire Lane Partners has invested $12 million in property tech startups in the past 10 months, says founding partner Adam Demuyakor, even as the spread of Covid-19 has battered the category.

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African Food

Detroit’s Newest Food Truck Serves ‘Authentic Nigerian Cuisine’ On Livernois

by Alan Stamm | Deadline Detriot

An immigrant entrepreneur who launched a northwest Detroit food truck called Fork in Nigeria two months ago has a heads-up for adventurous diners: Some “restaurants we have around here wrongly brand themselves as African,” Prej Iroegbu says at his website.

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News

South African-born Elon Musk is now the 5th wealthiest person in the world

By South China Morning Post

The Tesla and SpaceX founder’s wealth has almost tripled to US$74 billion since March, according to Forbes’ rich list – but will he be digging deep to support bestie Kanye’s West beleaguered presidential bid?

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People

Maya Horgan-Famodu | The Nigerian-American founder of venture capital firm, Ingressive Capital

BY TOM JACKSON | Disrupt Africa

Nigerian-American Maya Horgan-Famodu always knew she wanted to run an Africa-focused VC firm. Yet the route she took in the end was a roundabout one. Horgan-Famodu is founder of VC firm Ingressive Capital, which invests in pre-seed and seed-stage tech-enabled businesses in the B2B space in Africa. The company averages US$200,000 to US$400,000 ticket sizes and targets 10 per cent ownership into companies it funds. 

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Business

Silicon Valley has deep pockets for African startups – if you’re not African

American venture capital and private equity is dominating Africa, but it’s mostly funding other white foreign founders as black entrepreneurs struggle to raise financing.

By Larry Madowo in New York | The Guardian

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People

Nneka Egbujiobi : The Attorney Who Created The Newest Dating App to connect African diaspora

By Omose Ighodaro | Afro Vibes

The dream started in 2018 for Nneka Egbujiobi: “One night, I was sitting at home reading a few DMs that were sent to me but I wasn’t intrigued. I then thought, wouldn’t it be nice if there was a platform for the African community where we could select the type of people we wished to date?” Egbujiobi’s initial peevishness toward the unwelcome DMs (direct messages) led her to invent an app that would help Africans in the diaspora to create beneficial connections.

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People

Meet the richest African immigrants in America

By Ebimo Amungo

The richest Blackman in America may not be Robert Smith, Oprah Winfrey or Micheal Jordan as has long been thought of, rather, he may be a Harvard trained lawyer from Nigeria called Adebayo Ogunlesi. But even Ogunlesi is not the richest African immigrant in America. That distinction is held by South African-born Elon Musk and his countryman Patrick Soon-Shiong who are both multi-billionaires.

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Business

Bentzy Goldman : South African tech entrepreneur suggests ways to make Tulsa a part of ‘start-up land.

By Michael Overall | Tulsa World

Bentzy Goldman wanted to leave South Africa to start a new business in the United States, where investors and customers would both be easier to find. But where exactly in America?

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People

Adeyemi Ajao: He is half Nigerian and half Spanish and he is Co-Founder of World’s Largest Black-Led Venture Capital Firm

By crunchbase

Adeyemi (“Ade”) is co-founder & Managing Partner at Base10 Partners. Before Base10, Ade had a successful career as an entrepreneur and investor.

Continue reading “Adeyemi Ajao: He is half Nigerian and half Spanish and he is Co-Founder of World’s Largest Black-Led Venture Capital Firm” →
Business

World’s Largest Black-Led VC Firm Doubles Size of Latest Fund

Adeyemi Ajao, co-founder and managing partner of Base10, said the equality movement sparked by the death of George Floyd demanded an urgent response.

By Lizette Chapman | Bloomberg

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