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Miami discovers a Black-owned tech hub

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Miami has a latest addition to its tech ecosystem: Source.


Downtown Miami welcomed a latest addition to its tech ecosystem on February 15 with the grand opening of The Source, a Black-owned tech center, in line with .

The project was led by Miami Gardens native Ted Lucas, founding father of Slip-N-Slide Records, and his business partner Hilmon Sorey, an experienced enterprise capitalist who has invested in over 100 firms, including Uber and Lyft.

“If you look like me, I want to see you help my community,” Lucas said. “For me it’s very important.”

The source is meant support local tech talent and support students, start-ups and small businesses through accelerators, workshops and networking opportunities.

Lucas recognized Miami Mayor Francis Suarez’s efforts to draw tech founders to Miami and partnered with him through the COVID-19 pandemic to explore how Black residents could actively take part in the growing tech scene.

“Having a space like this is important because there are so many different organizations working on different aspects of the tech ecosystem,” said Stefan Owens, chief growth and investment officer at The Source. Miami-Dade Commissioner Oliver Gilbert III, who attended the grand opening, expressed confidence in The Source’s commitment to supporting startup founders and empowering others.

Through a partnership between Lucas’ Tech Knowledge and Florida Memorial University, The Source supports tech boot camps by training local residents for future tech careers. “We’ve invested $500,000 in startups over the last two years and we’re just getting started,” Lucas said.

Desiray Malcolm, a single mother of two from Miami Gardens who worked in a warehouse, attended a technology boot camp at Florida Memorial University. She later became an Account Manager at Kaseya.

“They say this is the beginning of the Source, but I feel like we’ve already started,” Malcolm said.


This article was originally published on : www.blackenterprise.com
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Is Your City a Sunset City? This Interactive Map Will Tell You –

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sundown. town m ap

Tougaloo College’s interactive map permits you to explore cities and communities across the United States, and discover in the event that they are considered sunset cities.


Some interactive map from Tougaloo College means that you can study cities and communities within the United States and discover in the event that they are considered sunset cities.

According to Britannicasunset in US history is a city that excluded people of color, most frequently African Americans, when the sun went down. The way people enforced these “rules” ranged from collective violence similar to public lynchings, discriminatory laws, and discrimination in open housing.

The map is inspired by a database introduced by the late historian and sociologist James W. Loewen. He is the writer of the classic bestseller. Tougaloo’s History and Social Justice section has included what describes as “the only cities in the world with a twilight register.”

“Sunset Town isn’t just a place where something racist happened,” researchers write on the database’s website. “It’s an entire community (and even a county) that was intentionally ‘all white’ for decades.”

The researchers add that “All white” is in quotation marks because some towns historically “allowed one black family to remain while expelling the rest.” They also indicate that some sunset towns also barred Chinese, Jews, Mexicans, Native Americans, and in some cases, Mormons.

How to read a map

For the interactive map, users should hover over a state to see an alphabetical list. The map key consists of six colours used as dots to discover cities which are definitely, probably, possibly, or unlikely to be sunset cities.

Black dots indicate black cities or municipalities. Places on the interactive map with a red flag indicate places of special importance.

On at first glance, the Midwest and The Plains region seems to have more dots indicating definite, probable, and possible sunset cities. The map shows that there just isn’t a single state in America that doesn’t have a suspected sunset city.

As for black cities and towns, the ten listed are Pembroke and Brooklyn, Illinois. Expose, Mound Bayou, New Africa, Renova, and Winstonville, all in Mississippi. Maryville, South Carolina; Martinsville, Indiana; and North Amityville, New York.


This article was originally published on : www.blackenterprise.com
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Adam Neumann’s Flow Startup Launches Co-Living Community in Saudi Arabia

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Flow, Adam Neumann’s co-living startup, has opened a 238-apartment complex in the Saudi capital of Riyadh, Forbes has some details. The opening included an Aztec-style hot chocolate ceremony and bags reading “holy s— I live.” Rent for furnished units starts at $3,500 a month and includes hotel services like laundry and housekeeping, in addition to amenities like swimming pools, coed gyms (unusual in Saudi Arabia) and bowling alleys. Flow is constructing three other properties with almost 1,000 apartments in Riyadh.

The company’s first, less luxurious properties opened in April in Fort Lauderdale and Miami.

Flow raised $350 million from Andreessen Horowitz in 2022. The funding raised questions given the troubled history of Neumann’s previous startup, WeWork. Once valued at $47 billion, WeWork filed for bankruptcy protection last yr and was eventually acquired by Yardi, an actual estate group, for $450 million.

This article was originally published on : techcrunch.com
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Elon Musk Threatened with SEC Sanctions for Failure to Appear in Court

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Elon Musk threatened with SEC sanctions for failing to appear in court

Elon Musk, CEO of X and other firms whose names include the letter “X,” found himself in the crosshairs of regulators after he failed to testify this month as a part of an investigation into Musk’s acquisition of Twitter.

In a document filed today, the U.S. Securities and Exchange Commission (SEC) said it intends to impose sanctions on Musk after he missed a court-ordered hearing in Los Angeles Superior Court on September 10. According to the document, Musk didn’t notify the SEC that he wouldn’t appear for the hearing until three hours before the hearing was set to begin.

“The court must make clear that Musk must stop his games and delaying tactics,” the letter reads.

According to the documents, Musk spent September 10 overseeing the launch of Polaris Dawn, a spacecraft manufactured by his space exploration company, SpaceX.

SEC counsel proposed rescheduling Musk’s hearing for the following day, September 11. However, Musk’s lawyer declined, agreeing only to an October hearing.

The SEC is searching for “significant contingent relief” if Musk fails to appear in court in October. The agency has also indicated it plans to file a motion for sanctions against Musk to get well travel expenses for the canceled testimony and other relief. (In the lawsuit, the SEC said it spent “thousands of dollars” to fly three attorneys to Los Angeles for the Sept. 10 hearing.)

Musk’s court-ordered appearance stems from an SEC investigation into whether the billionaire acted lawfully in disclosing his Twitter stock purchases ahead of his $44 billion acquisition of the corporate in 2022. The investigation can also be looking into whether Musk’s statements in regards to the transactions were misleading; the SEC alleges that Musk waited at the least 10 days too long to disclose that he was buying Twitter stock.

The investigation is the second time Musk has found himself under the SEC’s gun in recent years. In 2018, the agency ordered Musk to step down as Tesla CEO and pay $40 million for tweets about Tesla stock that the SEC found amounted to market manipulation. At the time, Musk called the fraud allegations “unjustified.”

The Securities and Exchange Commission (SEC) also investigated Musk and Tesla over claims about Tesla’s vehicles’ ability to achieve “full autonomous driving” in addition to Tesla’s use of company funds to construct a “glass house” for Musk.

The full text of the appliance will be read below.

JOINT STATEMENT ON THE R… By SP-TechCrunch

This article was originally published on : techcrunch.com
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