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💡Issue #205: TeskRabbit CEO steps down, LeBron James & Base10 Ventures $250M Fund

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The illusion of money Last week, I spoke to some first-time founders in a mastermind group I manage t
 

Andy Ayim on Minorities in Tech

June 29 · Issue #205 · View online
Your weekly newsletter on minorities in tech, venture and entrepreneurship 💫 http://andyayim.com

The illusion of money
Last week, I spoke to some first-time founders in a mastermind group I manage to remind them that money doesn’t bring you happiness. I personally believe happiness comes from quality human connections, whether that is laughing with friends, playing with your children or eating great food with your spouse.
These experiences are the memories we cherish and on our death bed, we won’t request for our smartphones, investment portfolios or work but rather to spend more time with our loved ones.
It is for this reason I urge you to be more present in the presence of loved ones. Let’s not prioritise work on top of them. At meetings at work, most of you are fully present, not on social media or scrolling through messages on your smartphone. Yet can you say the same at the dinner table at home? or on the couch with family?
Let’s be more intentional on the quality of the time with spend with loved ones as lockdown starts to ease.
Have a productive week.
PS. This is a longer issue than usual, apologies in advance for all the tabs this will cause you to open! 😃

Andy Ayim featured on Saka’s Is That So podcast answering questions about what Venture Capital is and how the business model works.
FROM THE STARTUPS 🚀
Amazon to Pay More Than $1 Billion for Self-Driving Car Developer Zoox led by black female CEO, Aicha Evans.
Lenny Rachitsky shares what good retention is and why it is important to understand.
Kezia Williams, CEO of The Black upStart, created the #MyBlackReceipt movement to show the economic impact of buying from Black-owned businesses.
LeBron James and Maverick Carter have formed a new company with an unapologetic agenda.
TaskRabbit CEO Stacy Brown-Philpot announced today that she is stepping down from her role a few years after IKEA’s acquisition.
Google sheets full of investors in the UK and US reaching out to support black founders.
Glossier launches a grant initiative for black-owned beauty businesses.
FROM THE INVESTORS 💸
Base10 Ventures has raised $250 million from investors. The world’s largest black-led VC firm.
Call for Proposal to receive £50K funding to set up a Business Angel Syndicate focused on investing in Black founders of UK registered tech startups.
Valence, has launched a new initiative called the Valence Funding Network to link Black entrepreneurs with top partners at firms including Accel, Sequoia, GGV, First Round Capital, Bessemer Ventures, Greylock, Upfront Ventures and Collab Capital.
The British Business Bank publishes Future Fund data that gives a detailed picture of the 252 companies that have been approved for £236.2m worth of Convertible Loan Agreements since the scheme was launched on 20 May. 
Billionaire Bill Ackman has hired mostly Black and minority-owned investment banks to handle a $4 Billion deal.
Lightship Capital, a rare venture-capital firm managed by black partners, is raising a $50 million fund to invest in underrepresented founders in the Midwest.
EVENTS 🎟️
Envision Accelerator is an equity-free virtual student accelerator programme for women and POC students in college (not just US).
UKBAA are hosting a panel discussion on ‘Investing in Black founders matters’ this Wednesday (Andy Ayim is on the panel too).
Startup Discovery School helps tech and tech enabled founders to get results. Apply to their next cohort here.
Huckletree have applications open for their September Renegade Academy, an intensive one-week bootcamp designed to give new founders everything they need to launch their startup. Use RAHKTFRIEND20 to get discount.
Talis Capital are hosting Office Hours on July 8th for black founders only.
Hatch Enterprise presents Hatch Presents: Ask Me Anything on Angel Investing with Andy Ayim on Thursday, 9 July 2020.
JOB OPPORTUNITIES 💼
Seedcamp are hiring for a 6 month internship (keen to get more diverse applicants)
Fanbytes are looking to hire a black influencer campaign manager to lead a new division of the business focused on running campaigns for black-owned businesses.
Clearview Research would like to bring together a diverse group of 10 young people (aged 16-25) from across England for a research project.
Foundervine are hiring for a Marketing and Communications Manager.
The London Co-investment Fund is hiring for a Portfolio Manager.
IN CASE YOU MISSED IT 👩🏿‍💻
Man Utd’s Marcus Rashford has joined forces with no other than Jay-Z, signing a huge deal with Roc Nation’s Sports agency.
Kanye West is about to unveil a new website for his fashion label Yeezy. The design turns the rules of e-commerce on its head. In the same week he announced his 10 year deal with GAP.
The Telegraph shares in charts: how coronavirus is worsening Britain’s racial wealth gap.
The Guardian features this story about The Free Black University in UK.
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