Fanbase's Raise and Its Impact on Black Entrepreneurs in Tech
Channel: Earn Your Leisure
Date: 2024-04-03

In this EYL Medium episode, co-founder Isaac Hayes discusses raising $10 million for social media platform Fan Base and his plans to raise $17 million more. He also addresses the racial bias in VC funding, the impact of the 17 million raise, and the future of black tech startups.

Topics covered:

- The fan base platform and its freemium model

- Raising $10 million and plans to raise $17 million more

- Deciding to opt for crowdfunding over venture capital due to racial bias and the impact of COVID-19

- The challenges and importance of scaling a tech startup

- The significance of the funding for the landscape of black tech startups

00:00 In 2023, black startups received minimal funding.

05:19 Startup raises $160 million, plans to scale.

08:53 Startups led by black founders face challenges.

10:26 Pioneering black man raises $10 million in crowdfunding.

#TechLeadership #EquityCrowdfunding"