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Tag: Founder

Killer Mike, former Atlanta mayor Andrew Young, and Bounce TV founder Ryan Glover launch a digital bank

October 8, 2020
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A group of Black Atlanta businessmen, politicians and entertainers — including former Atlanta Mayor Andrew Young, the entertainer Michael Render (better known as Killer Mike) and Bounce TV founder Ryan Glover — have launched a new digital bank focused on developing and promoting local communities and cultivating Black and Latinx entrepreneurs and small businesses.

Named Greenwood in an homage to the thriving Tulsa, Okla., business community known as “Black Wall Street” that was destroyed by white rioters in 1921, the digital bank has several features designed to promote social causes and organizations for the Black and Latinx community.

For every sign-up to the bank, Greenwood will donate the equivalent of five free meals to an organization addressing food insecurity. And every time a customer uses a Greenwood debit card, the bank will make a donation to either the United Negro College Fund, Goodr (an organization that addresses food insecurity) or

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Black Pound Day founder urges BLM marchers to ‘spend black’

October 1, 2020
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People who attended anti-racism marches this summer should turn their attention “to what really matters” and spend their money with black-owned businesses, the founder of Black Pound Day has said.



a sign in front of a crowd of people: Photograph: Anadolu Agency/Getty Images


© Provided by The Guardian
Photograph: Anadolu Agency/Getty Images

The brainchild of Swiss, from the garage collective So Solid Crew, the first Black Pound Day was held on 27 June and it is estimated that the monthly event has so far raised more than £100,000 for black-owned British companies.

Falling on the first Saturday of each month, Black Pound Day encourages people to spend locally or online with black-owned businesses and invest in communities that have been historically economically disadvantaged.

Speaking to the Guardian, the 37-year-old said he first had the idea 12 years ago for “a day where we just poured back into our community economically”, having noticed a lack of support for black shops while growing up

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GM Has Yet To Close Nikola Deal After Fraud Allegations Against Startup’s Founder

September 30, 2020
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GM-Nikola-deal

Nikola founder and chairman Trevor Milton, left, with staff at the Nikola World conference in 2019.

Jordan Hudgens for Nikola Motor

General Motor
GM
s hasn’t closed its deal to take an 11% stake in Nikola, the startup maker of hydrogen- and battery-powered trucks, and continues to assess the situation following accusations that founder Trevor Milton lied about Nikola’s technology and misled investors.

“Our transaction with Nikola has not closed,” GM spokeswoman Julie Huston-Rough said. “We are in discussions with current Nikola management and will provide further updates when appropriate or required.”

GM and Nikola announced plans to work together on Sept. 8, triggering a 41% surge for shares of the newly public Phoenix-based company. Under the potential 10-year deal, Nikola would use GM’s new Ultium lithium-ion battery system and Hydrotec fuel cells, their first commercial application. GM is to “engineer, homologate, validate and manufacture” the Nikola-designed Badger pickup that’s

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A second woman has reportedly accused Nikola Motors founder Trevor Milton of sexual assault

September 29, 2020
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a man standing in front of a car: Trevor Milton resigned from Nikola amid fraud allegations. REUTERS/Massimo Pinca


© REUTERS/Massimo Pinca
Trevor Milton resigned from Nikola amid fraud allegations. REUTERS/Massimo Pinca

A second woman has come forward with a sexual assault allegation against Nikola Motors founder Trevor Milton, CNBC reported on Monday.

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The woman’s lawyer, Craig Johnson, told CNBC that the alleged assault happened in 2004 when she was 15 and Milton would have been 22, after he hired her as an office assistant for a security company he ran in St. George, Utah.

“The allegation by my client is that he digitally penetrated her vagina with his fingers, which under Utah law constitutes object rape, and that is the charge the police will be investigating, in addition to forcible sexual abuse, which includes any ancillary touching of the vagina during the assault,” Johnson said, according to CNBC.

The first woman, Aubrey Ferrin Smith, Milton’s cousin, came forward with a separate allegation on Twitter last week

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Startup Law 101 Series – Tips From a Business Lawyer on Becoming a Founder

May 4, 2020
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Introduction

Why become a founder? What are some things you can do to become a successful founder?

Having worked extensively with founders as a startup business lawyer in Silicon Valley for many years now, and having built my own business as well, I have a few tips to share on these points.

Tips on Why You Should Become a Founder

Why become a founder?

1. If you succeed as a founder, you will make far more than you would as an employee. Obvious, but worth repeating.

Founders want the large upside that will come from a successful venture. The goal is very hard to achieve but the rewards can be great.

2. If you succeed as a founder, you keep more of what you earn.

As an employee, you will get hit with ever-increasing taxes on your compensation.

Forget about the rich. It is the average employee who gets soaked. … Read More

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