Shea Moisture And The Need For Black Venture Capital Firms

- By Bossip Staff


…What happens when the Black community can no longer support the needs of the business itself? This question came to mind recently when I read about how private-equity firm Bain Capital LLC is taking a minority stake in Sundial Brands LLC. If the name Bain Capital sounds familiar, that is because it is a global investment firm co-founded by former Massachusetts governor and Republican candidate for president Mitt Romney. And if the name Sundial Brands doesn’t ring a bell, perhaps you’ll recognize its product lines: SheaMoisture and Nubian Heritage… According to the Wall Street Journal, Sundial Brand, which is a family-owned business founded in 1992 in Harlem by Liberian and Sierra Leonean immigrants, is hoping that this buy-in will “broaden” its customer base…
[MadameNoire]

No More Ladies’ Nights? National Coalition For Men Is On A Reverse Discrimination Mission


In the 1950s there was a law passed in California that was meant to prevent discrimination against minorities and women. But now a group of men are turning the law on its ear to claim reverse gender discrimination and they have been targeting women in tech. The law is the Unruh Civil Rights Act, and it was passed in 1959 to state that all Californians are “free and equal, and no matter what their sex, race, color, religion, ancestry, national origin, disability, medical condition, genetic information, marital status, or sexual orientation are entitled to the full and equal accommodations, advantages, facilities, privileges, or services in all business establishments of every kind whatsoever.”… an organization called the National Coalition for Men and one attorney, Alfred G. Rava, have been using the law to sue female tech groups and businesses, claiming these entities discriminate against men.
[MadameNoire]

Cali Rapper Blu Accuses LAPD Of Theft In Cryptic Tweets


California rap wizard Blu is a favorite around these parts, so it was a little disturbing to say the least after we checked out the talented artist’s Twitter feed earlier this week…The tweets began on Labor Day with Blu speaking about the alleged LAPD robbery. From there, the rapper and producer unveiled troubling thoughts about the police force conspiring against him and his child. “[I]have written letters to the Mayor and filed reports w the LAPD,” tweeted Blu. He added, “I was robbed by the LAPD 3 months ago for over $100,000 worth of valuables.” Perhaps it was the emotion of the moment or just Blu collecting his thoughts, but the tweets get darker and more confusing from this point on with some appearing out of order.
[HipHopWired]


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