MajorVitaman
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New Law (Potentially) Brings New Money to the Black Community
- Thread starter Responsible Allen Iverson
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AZBeauty
Stop lyin' nicca.
The Greenwood Project builds generational Black wealth by creating more Black tech startups, funding them with our own money, and keeping the profits in our own community for the first time since 1933. We must use our collective consumer dollars to create more Black millionaires. We must redirect a greater portion of our $1.2 trillion of annual income back to ourselves via our own businesses. We have the choice to choose economic freedom over economic enslavement and modern-day sharecropping
Going to talk with my husband about this. See how much we can come up with if he is willing to invest. They have raised 13K so far with a goal of 1 million and investment starts at $100
Going to talk with my husband about this. See how much we can come up with if he is willing to invest. They have raised 13K so far with a goal of 1 million and investment starts at $100
25YOUTHS!!
Superstar
Subs.
I'm more surprised that it was illegal to begin with. Guess it's not really an issue in the immigrant community b/c I know mad people that own small stakes in multiple businesses and I never heard the restrictions come up.
Tell me if I got this right tho brehs: So lets say I invest 10K for a 10% stake in a barbershop for example. At the end of the year they cut me a check for 10% stake of the profit...That was illegal to do unless I met the restrictions before?
Or does this apply to a different kind of investing, b/c the article was unclear
I'm more surprised that it was illegal to begin with. Guess it's not really an issue in the immigrant community b/c I know mad people that own small stakes in multiple businesses and I never heard the restrictions come up.
Tell me if I got this right tho brehs: So lets say I invest 10K for a 10% stake in a barbershop for example. At the end of the year they cut me a check for 10% stake of the profit...That was illegal to do unless I met the restrictions before?
Or does this apply to a different kind of investing, b/c the article was unclear
Also gonna speak to the Mr.
Let me bump this thread and tag some folks
@Ultima @BlackPearl @Thomas @Originalman @Paradise @Ol' Otis @richaveli83
@Wild self
@JudgeJoeGorilla
@BmoreGorilla
Good lookin op
Let me bump this thread and tag some folks
@Ultima @BlackPearl @Thomas @Originalman @Paradise @Ol' Otis @richaveli83
@Wild self
@JudgeJoeGorilla
@BmoreGorilla
Good lookin op
THE BUZZ ABOUT THE GREENWOOD PROJECT
There's no Black Mark Zuckerberg because African Americans have never had a chance to create billion dollar tech startups. Since 1933, only Accredited Investors (wealthy) were eligible to invest in startups. Not so coincidentally, 97% of all active investors are white men. In fact only 1% of venture capital funding was invested in Black entrepreneurs from 2009-2014. Thanks to Obama's new law, The Greenwood Project pools minority money to finally fund and support startups led by Black talent
Rashaan Everett
There's no Black Mark Zuckerberg because African Americans have never had a chance to create billion dollar tech startups. Since 1933, only Accredited Investors (wealthy) were eligible to invest in startups. Not so coincidentally, 97% of all active investors are white men. In fact only 1% of venture capital funding was invested in Black entrepreneurs from 2009-2014. Thanks to Obama's new law, The Greenwood Project pools minority money to finally fund and support startups led by Black talent
Rashaan Everett
I gotta b read up on this.
edit wrong link
AZBeauty
Stop lyin' nicca.
Named Greenwood Project Executive Board. The Executive board includes close family, friends, and professors of the CEO and provides recommendations on strategic direction. The board also helps evaluate prospective investment companies and determine resource allocation. The Executive Board members often serve as mentors and formal advisers to the startups selected.
This is with the 10K investment. Just imagine if you in this lane already how this would look on your resume. 10K is alot of money for someone right out of college but this is the best interim program ever because you are actually making decisions on investments and acting as a adviser. I can imagine it would also educate you on how to handle your own personal investments outside of what you've put into the project.
This is with the 10K investment. Just imagine if you in this lane already how this would look on your resume. 10K is alot of money for someone right out of college but this is the best interim program ever because you are actually making decisions on investments and acting as a adviser. I can imagine it would also educate you on how to handle your own personal investments outside of what you've put into the project.
I do some small-time investing, so this definitely interests me.
I'm going to read into the details, and talk to some of the finance guys I've met through work.
I'm going to read into the details, and talk to some of the finance guys I've met through work.
Right. Already doing this.
There are literally a million ways to make money online if people just took a little time to learn.
That's not true. I've funded my business strickly through online sources. Grew revenue to 100K in less than a year. All my lines of credit will be paid off in the next 2 months.
Besides crowdfunding isn't just for businesses. People take out private loans too.
Some people, like myself, prefer online banking to avoid discrimination and predictory lending. It also cuts cost and is faster.