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Determined, disruptive, and optimistic are three words that Issac Hayes III — founder of social networking app Fanbase — says define who he is. “I’ve been an entrepreneur my entire life,” Hayes said. “I think to step into the space of entrepreneurship, you’ve got to be determined, you’ve got to have faith and optimism, and you’ve got to be disruptive because you’re going against the grain.” Hayes has always been the kid down to make a buck. From mowing lawns to cleaning pools, he has always been an enterprising young person. He was raised by his parents to earn his own money and continues to go down the same path throughout his journey as an entrepreneur. He may be known as the son and heir to his soul icon father’s — the late Isaac Hayes Jr. — estate. However, he first began his multi-ventured 21-year career as a songwriter-producer before ultimately transitioning into scoring music for movies and television networks. Now he’s on a new path as a CEO and first-time founder of tech...
Pierre Laguerre, founder of Fleeting, a platform designed to connect companies with qualified and reliable CDL drivers, has made history as the first Black man to raise the $1.07 million maximum in all regulation crowdfunding platforms. According to the Securities and Exchange Commission (SEC) , a company is permitted to raise a maximum amount of $1,070,000 through crowdfunding offerings during a period of 12 months and Laguerre’s Fleet managed to do just that. Republic , an online crowdfunding platform announced the news of Fleet’s historic accomplishment via Twitter. HISTORY ✊🏾 FIRST Black man to raise the $1.07m max in all Reg CF platforms. Congrats @PierreLaguerre5 , @chamillionaire , @e40 , @thesharkdaymond , @convoz and all of you for making this possible! #blackexcellence https://t.co/6doI7d3vXZ — Republic 🌎 (@joinrepublic) July 1, 2020 Fleeting shares were open to investors via Republic, where it amassed funds from nearly 5,000 investors, some of which took to their Twitter...
Launching a startup requires money, and no matter how much you’ve saved, you’re probably going to need more. In today’s startup market, seeking venture capital (VC) funding seems like the best way to raise money especially because VC firms often offer large checks and access to valuable resources that startups need. However, VC funding comes with strings. Investors will take equity from your business in exchange for that big fat check, and you might lose operational control over your company. However, there’s some good news; VC funding may not be your only option. Crowdfunding is a great way to raise large quantities of cash without sacrificing equity. However, not all crowdfunding campaigns are successful. Here are some commonalities among some of the most successful crowdfunding campaigns: Planning They say luck is where preparation meets opportunity. Technically you could throw up a campaign with a few lines and a picture and hope for the best. However, the most successful...