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The visibility from “Shark Tank” led to remarkable growth for The Transformation Factory founder Alexiou Gibson. Gibson is behind the sea moss brand, which was inspired by his personal health journey that resulted in a 300 pound weight loss from taking the algae in his daily lattes, CNBC reports. “Like most teens, I believed that I was invincible,” Gibson shared on “Shark Tank.” “I thought I would be fine and had time to get healthy later. It wasn’t until my doctor told me that I wouldn’t live to see my 30th birthday that I understood how serious I needed to be about living.” Recognizing the great power of sea moss through his 10-year health battle, the company website notes, The Transformation Factory now sells various sea moss gels in flavors dragon fruit, pineapple, mango, and strawberry banana. View this post on Instagram A post shared by The Transformation Factory (@seamosstransformation) Gibson pitched his company while on “Shark Tank” in 2022 and scored a $600,000 deal from...
By capitalizing on her status as a leading beauty influencer, Jackie Aina has built the foundation for a prosperous business empire. How It Started Aina, a Nigerian-American born in California’s San Gabriel Valley, came from humbling beginnings. BuzzFeed News mentions she has six siblings, with an even split between brothers and sisters. She recalls “growing up with nothing” at times, bouncing around shelters with her mother and siblings. “Growing up, I had no leverage, I had no rich uncle,” she said, per the outlet. “We got kicked out of a shelter, we couldn’t get to another one quick enough. And when you’re a mom of seven, It’s not easy.” To change her outcome, Aina studied medicine at the California State University, Business Insider reported. That route did not pan out for Aina, and she made the decision to serve in the Army in 2008, after being convinced by her then-boyfriend. They would marry — although they later divorce — and she moved to Hawaii to live with him where she...
Ventris C. Gibson is upholding the legacy of Harriet Tubman while stepping into a significant and historic role. Career Journey Born in Roseland, VA, but raised in Washington DC to parents with six children, Gibson showed great ambition early on. Upon graduating from high school, she enlisted in the Navy and worked as a traffic controller. However, she did look to pivot briefly into journalism due to her strong interest, but that did not pan out because school had a two-year waitlist. She remained with the Navy working in air traffic control, and upon completing her service she hoped to secure a role with the Federal Aviation Administration (FAA). “At that time, President Carter had imposed a freeze on hiring federally. Thus, I went to VA (Veterans Affairs) to see what my benefits were as a veteran, and they pretty much asked me if I wanted a job because I was an African-American, female, Vietnam-era veteran. I said, ‘Sure,’ while I was waiting for FAA to call,” Gibson told...
Moses West wants clean water to be accessible to all. Solving An Issue Impacting Billions The U.S. Army veteran and engineer has used technology to develop an Atmospheric Water Generator that turns air into clean water. This groundbreaking invention has the potential to address the needs of more than a billion people who currently do not have clean water. Forbes reports that while water covers 70% of our planet, only 3% is fresh, and the majority of this fresh water — two-thirds — is held in frozen glaciers. It also highlights that 1.1 billion people lack water access, 2.7 billion struggle to find clean water at least one month each year, and 2.4 billion face issues with insufficient sanitation. Despite these statistics, West is looking to change these outcomes through his Atmospheric Water Generator. “The one crisis that everyone says, ‘We’re going to run out of water,’ and I’m sitting here saying, ‘No you’re not. You’re walking around in it every day. T rillions of gallons of it,...
A controversial conspiracy theory reportedly led Shaquille O’Neal to lose a $20 million deal. O’Neal has a track record of hitting gold in business. It’s why he has supposedly amassed $500 million, per Celebrity New Worth. Some of his wise moves include his Big Chicken restaurant franchise, which can be found in California, Nevada, New York, Texas, Washington, and on the seas thanks to two Carnival Cruise ships, a press release notes. Most recently, Big Chicken celebrated its grand opening in the Dallas, TX, area in Fort Worth, now marking its fifth franchise location in Texas. View this post on Instagram A post shared by Big Chicken (@bigchickenshaq) One can also look to his success in the investment world. He invested in Google and unintentionally struck gold. In fact, it was by “accident” that he even invested in the tech company. As AFROTECH™ previously reported, he spoke with a prominent investor who was talking about Google at the Four Seasons. The conversation led to a...
After overcoming a battle with a rare cancer, Gwynda Jones tag-teamed with her daughter to take a leap into entrepreneurship. Pivot From Corporate America Gwynda spent three decades working as a project manager for PepsiCo. She made the decision to walk away from corporate America in 2020 due to a health issue she discovered unrelated to the cancer. While in retirement, she realized she wasn’t ready to throw in the towel completely. “I’m sitting here. My daughter’s coming home from college soon. She may or may not come home from college. I knew that I didn’t wanna just be sitting around,” Gwynda told AFROTECH™. “So then I start contemplating a business and what could I do. I couldn’t do the high pressure corporate job that’s international, required me to travel and all of this, but I can do something. So I thought about franchising, and it sounded like, ‘Okay. I got a whole global company working for me, doing all the leg work, and I can follow? I can take instructors. I can hire a...
50 Cent is making major real estate moves in Shreveport, LA. G-Unit Studios As AFROTECH™ previously reported, the entrepreneur opened G-Unit Studios in the city, now the second-largest Black-owned studio behind Tyler Perry. The 985,000-square-foot property is being used “to operate a production studio and/or activities and uses related to the promotion or development of the film, sound, light, movie, television, broadcasting, recording, and arts industries.” View this post on Instagram A post shared by 50 Cent (@50cent) “Founding my own studio is the next step in my plan to expand G-Unit Film & Television’s output of premium, diverse content across all media and to provide more opportunities for artists, crew members and more jobs within the community,” 50 Cent told KTAL-6 News. Housing Project 50 Cent’s plans for Shreveport also extend beyond his studio. He is rolling out a three-phase plan to transform the city through areas including housing. “We start building houses, and we...
Meghan Markle has been intentional about investing in female-led companies over the years, The New York Times reports. Markle, a former actress and Duchess of Sussex through her marriage to Britain’s Prince Harry, has taken advantage of the limelight to provide greater visibility to brands. A bag she wore from Scotland brand Strathberry after her engagement in 2017 was sold out in 11 minutes. She said that moment “changed everything in terms of how I then looked at putting an outfit together.” It has led her to become more intentional about what brands she aligns with and wears. Markle also mentioned, “Times where I know there is a global spotlight, and attention will be given to each detail of what I may or may not be wearing, then I support designers that I have really great friendships with, and smaller, up-and-coming brands that haven’t gotten the attention that they should be getting. That’s one of the most powerful things that I’m able to do, and that’s simply wearing, like,...
History is being made in the 2024-2025 NFL season. Diverse Representation shares on Instagram that the current season, which kicks off Thursday, Sept. 5, 2024, reportedly has the most Black team minority owners in league history. The list is filled with various trailblazers across entertainment, sports, and business, which you can find below. Venus And Serena Williams Kicking things off are trailblazers Venus and Serena Williams, who made history as the first Black women to become minority owners in the NFL. As AFROTECH™ previously told you, they became minority owners in 2009 when the team was reportedly worth $1.02 billion, per Statista. “I am honored to be a partner in the Miami Dolphins franchise and thankful to owner Stephen Ross for allowing Serena and I to be part of Miami Dolphins history,” Venus said at the time, according to People. Serena added, “I am so excited to be part of such a renowned organization. Having spent so much of my childhood in the area, being involved...
Chef Kurt Evans is providing jobs to those formerly incarcerated. This was first done in 2021 with the opening of Down North Pizza in Philadelphia, PA. Evans was among the co-founders behind the restaurant, which had employed eight employees who were formerly incarcerated at the time of its opening, Food & Wine mentions. Having grown up seeing his loved ones in confinement, Evans is now focused on creating a safe place where they can restart their lives. “The food industry has never had a problem hiring formerly incarcerated people. The problem is employers threatening to call parole officers and dehumanizing these guys,” he told Food & Wine. Fast forward to 2024, Evans has opened a new restaurant venture, Black Dragon Takeout, which is inspired by the Chinese food he would enjoy in his West Philadelphia neighborhood as well as Black American cuisine, The Philadelphia Inquirer reports. The inception of the restaurant dates back to 2020, and he began to raise money through pop-ups...
Being funny pays. Just look to TikToker DeMarcus Shawn as confirmation. Beginnings Growing up on the outskirts of Chicago, IL, he recalls always being funny, often creating skits or playfully imitating his family members. His humor translated well to the camera, and he would toss around various skit ideas with his two older brothers. With the rise of social media, leaning into it was natural for Shawn. Ultimately, he landed on TikTok as his breeding ground for content though initially his Instagram was geared towards his creative interests. @artbydemarcusshawn #fyp ♬ original sound – DemarcusShawn “I grew up doing music and learning how to sing and photography. I’m a guy that’s heavy on drawing and painting,” he told AFROTECH™. “ Those are my hobbies that I like to do. Outside of that, when I came into TikTok, it was more of what I’ve been doing with my siblings, but on a larger front.” Full-Time Content Creation Shawn was working on building his online presence while also employed...
Charles Barkley is fulfilling his commitment to a school that has ties to a historic math discovery. As AFROTECH™ previously reported, Calcea Johnson and Ne’Kiya Jackson, who attended St. Mary’s Academy in New Orleans, LA, at the time, found an alternative way to solve the Pythagorean Theorem during their senior year. Without using circular reasoning, they were still able to use trigonometry, which had puzzled mathematicians for over 2,000 years. “Calcea and Ne’Kiya explained it to me like this: Basically, trigonometry is based on Pythagoras’ Theorem (A^2 + B^2 = C^2, sound familiar?), so using trigonometry to prove Pythagoras’ Theorem is what’s known as circular logic,” mentioned WWL-TV 4 reporter Sam Winstrom. The young prodigies had come to this conclusion following a math contest held at their school, which was attached to a $500 incentive. “There was a bonus question that was to create a new proof of the Pythagorean Theorem,” Johnson told PEOPLE. “Ne’Kiya and I were the only...
Myles Garrett has invested in an energy company owned by a former NASA engineer. Boardroom reports the Cleveland Browns defensive end has invested in Johnson Energy Storage. Per the company website, it is on a mission “to transform the way the world stores energy; to more safely and efficiently store energy; to leave a softer footprint where we tread.” Through years of research, Founder Dr. Lonnie Johnson holds more than 140 patents and is widely known as the inventor of the Super Soaker water gun as well as an all-solid-state battery (ASSB) that was created using a glass electrolyte separator. “Our ASSB is 2 times the energy density of lithium ion batteries in the same size and weight package,” a description on the company website reads. “Our ASSB withstands higher and lower voltages than lithium-ion batteries and is designed for significantly lower self-discharge. Due to our unique, proprietary manufacturing process, the cost to manufacture our ASSB is 25% that of the current...
Magic Johnson now has five teams in his investment portfolio. As AFROTECH™ previously reported, the NBA-legend-turned-serial- entrepreneur has ownership in the MLB’s Los Angeles Dodgers, MLS’s Los Angeles Football Club, WNBA’s Los Angeles Sparks, and NFL’s Washington Commanders. Now, he is announcing his involvement with a fifth team. “CBS Mornings” reports he joined the investor group for the National Women’s Soccer League (NWSL) team Washington Spirit , which is led by Michele Kang, the first woman of color to have majority ownership in the NWSL. The pair first met in Los Angeles, CA, and immediately connected over a shared excitement for the growing popularity in women’s soccer in the U.S. “I’m so excited to join the Washington Spirit’s investor group at such a pivotal time in the club’s history! Partnering with a visionary like Michele Kang and her team to advance the growth of the Washington Spirit and the NWSL is an incredible opportunity,” Johnson wrote on Instagram. View...
Slauson & Co., a venture capital fund that prides itself on investing in anyone, has raised substantial funding. TechCrunch reports Slauson & Co. was established by Ajay Relan and Austin Clements in 2020 with interests around SaaS and consumer tech. They were interested in investing in any early-stage founders. Slauson & Co. had previously been supported by its first fund with $75 million at the time, exceeding its initial funding goal by $25 million. The funding helped to support 38 companies, with the majority led by people of color and women. “We invest in everybody,” Relan told the outlet. “We’re investing in a way that’s a bit more representative of the shifting demographics in this country.” Now, Slauson & Co. has received additional funding in its second fund, valued at $100 million from the support of nearly 40 investors. “What we really wanted was just for people to look at us for the merits of what we can achieve and the opportunity that we’re going after,” Clements said....