Jul 12 2020: These Black Founders Succeeded In Spite of Silicon Valley

Back in Jul 12 2020: These Black Founders Succeeded In Spite of Silicon Valley

Silicon Valley's lack of diversity and funding opportunities for Black founders and technologists is a problem. But some Black entrepreneurs have found success through alternative funding sources or their own resources. Babatope Awotona, the founder of Calendly, used his 401(k) and seed money from Atlanta Ventures to launch his company.

Despite facing discrimination in venture capital, Awotona's perseverance paid off, and Calendly now has over 5 million users. Similarly, Aisha Bowe, founder of STEMBoard, turned to personal savings and engineering contracts to start her company. These success stories highlight the resilience of Black entrepreneurs in the face of adversity.

Fast forward to Nov 15 2023: Black Korean Female Founder Overcomes VC Bias To Disrupt CPG Industry

Partake Foods, founded by Denise Woodard, offers allergy-friendly snacks and has become a leading brand in the consumer packaged goods (CPG) industry. Woodard's mission-driven approach has paved the way for a more inclusive and equitable future in the food and beverage industry. The CPG sector provides a significant opportunity for female founders, and Partake Foods has expanded its product line and distribution.

The company has also partnered with well-known brands and launched a nonprofit to increase diversity in the industry. Despite facing funding challenges, Woodard's determination has helped Partake Foods succeed and create positive change.

How did Partake Foods overcome funding and team-building challenges to become a leading brand in the CPG industry and a role model for women of color?