New York, NY — Despite a gradual slowdown in investment opportunities for Black businesses, Daymond John is determined to rewrite the narrative through Black Entrepreneurs Day.
John, CEO of FUBU and co-star of ABC’s “Shark Tank,” started Black Entrepreneurs Day in 2020 to celebrate innovation and enterprise in the Black community. Black Entrepreneurs Day, which held their annual event Wednesday, says it has awarded more than $750,000 in business grants since 2020.
“The need for resources and community support for our Black businesses remains paramount. I salute our partners who year after year, support our mission to educate and inspire Black entrepreneurs around the globe,” John told ABC News.
In 2020, following George Floyd’s death, Black founders raised a record $4.3 billion in venture capital and corporate investments. However, amid increased market uncertainty, financing for Black…
