Facebook Twitter Instagram
    • Home
    • About
    • Privacy Policy
    • Work for Scoopbyte
    • Terms of Use
    • Cookie Policy
    • Write For Us
    • Contact
    Facebook Twitter Instagram YouTube
    Scoop Byte
    • Biz & Finance
      • Business
      • Marketing
      • Finance
    • Tech
    • Best Sites
    • Entertainment
      • Movies
      • Anime
      • TV Shows
    • Social
    • Software
    • Crypto
    • Security
      • Cyber Security
      • VPN
    • Contact
    Scoop Byte
    Home»BUSINESS»Over Half a Million Dollars in Funding for NewME Founders
    BUSINESS

    Over Half a Million Dollars in Funding for NewME Founders

    SumitBy SumitSeptember 7, 2019No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The year 2011 was a groundbreaking year for minorities in Technology. The first cycle of the NewME Accelerator, a residential technology startup for businesses that are led by women, African Americans, and Latinos, produced the most successful round of seed funding among that demographic in over a decade. The Accelerator was created as a catalyst to make the Internet industry more inclusive. With 60 percent of the founders receiving an average funding amount of $92,000, it’s a huge victory for tech enthusiasts who have lobbied for diversity in Silicon Valley for years.

    An anonymous exit survey was completed by all the participants after the Accelerator. Among the 10 founders, 56 percent stated that they gained a tremendous amount of knowledge on how to pitch Venture Capitalists and speak the vernacular of the Valley. They ranked their access to influential people in the 89 percentile, with an astonishing 63 percent planning to relocate to Silicon Valley permanently. Lastly, 89 percent of the founders said they’d recommend the Accelerator to others with a whopping 100 percent stating that they were satisfied with their overall experience.

    The inaugural class of the NewME Accelerator received a unique bonus by being covered in CNN’s Black in America: The New Promised Land – Silicon Valley documentary. After the show aired, fans and admirers took to social media to congratulate founders, research their products and sign up to stay informed on future developments. Over 500 of those same fans signed up to be a part of the NewME Community in 38 cities around the country. NewME Community was created to educate and empower tech-forward entrepreneurs by promoting diversity through world-changing ideas. With a national community of followers, a plan to do two cycles this year, and a loyal sponsorship from tech giant Google, the success train is accelerating for NewME.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Sumit
    Sumit

    Sumit is an aspiring writer with an increased interest in Asian politics.Residing in New Delhi, he often writes about Diplomatic Relationships, Trade and International Business. Reach Sumit on Facebook / Twitter.

    Related Posts

    Five Factors That Impact The Success of A Business

    December 29, 2022

    How to Manage Supply Chain Risk

    October 4, 2022

    How To Make Better Business Decisions Faster

    October 4, 2022

    Leave A Reply

    Featured Posts
    18 Best Alternatives to Losmovies – 100% working
    March 3, 2023
    20 Working M4uFree Alternatives (100% Verified 2023)
    March 4, 2023
    25 1MoviesHD Alternatives to Check out in 2023
    March 6, 2023
    25 Best SolarMovie Alternatives in 2023
    March 2, 2023
    24 Best Couchtuner Alternatives in 2023
    March 2, 2023
    25 Alternatives for Bflix in 2023 (100% working)
    March 5, 2023
    22 Mangaowl Alternative In 2023: Read Free Manga Online
    February 28, 2023
    22 Alternatives for Hurawatch in 2023 (100% Working)
    March 4, 2023
    26 Alternatives for IFVOD in 2023 (100% Working)
    February 25, 2023
    Facebook Twitter Instagram Pinterest
    • Home
    • About
    • Privacy Policy
    • Work for Scoopbyte
    • Terms of Use
    • Cookie Policy
    • Write For Us
    • Contact
    © 2023 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.