CBX Daily 5/1/2025

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CultureBanx Team
May 01, 2025

Today, VCs regret casting Canva aside, but let’s start with how Americans in their silver years contribute to the wealth divide…

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How America’s Aging Population Impact The Wealth Gap  

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The 21st-century American household is significantly different from what it was a few decades ago, from 4.6 persons to 2.65 persons. An aging U.S. population has also significantly influenced the household composition shift, with the average African American in their mid-30s. Between 2010 and 2017, the share of adults ages 45 to 64 declined from 35% to 33%, while the share ages 65 and older increased from 17% to 20%. This change in the share of U.S. households by income and age can have several implications for the future of the African American community. 

Canva Was Ignored By 100 VCs & Is Now Valued At $40 Billion                                         

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Melanie Perkins didn’t look like a typical tech founder. She was young, non-technical, and based in Australia. That was enough for more than 100 investors to pass on Canva. Now, Canva is one of the most valuable startups in the world. The graphic design platform serves 230 million users and pulls in $3 billion in revenue. Perkins is the only woman to have founded a unicorn at this scale. And she did it while being overlooked. 

Cloud Security Innovation Spurs Tech Leaders Towards New Solutions                                       

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Businesses have huge databases and are increasingly looking for on-demand storage. With time, they will need to scale and that's where cloud computing comes in. And while cloud computing has all the benefits from easy access to scalability, it is imperative that sensitive information is protected against breaches, unauthorized access, and data loss which cost businesses $4.88 million. Microsoft's (MSFT +2.06%) BPGI partners–IntelligIS CEO Marcus Wilson, BizTech Fusion CEO Xadean Ahmasi and ECF Data CEO Joseph Henderson ensure that organizations are not just connected but are also protected and prepared. 

Tune-in Tuesdays!

China is hitting the U.S. by selling Mortgage-Backed-Securities (MBS) in favor of Bitcoin and gold to be on the safer side. This could spook the mortgage rates in the U.S. and reduce affordability. Is this a bold step toward de-dollarization or a gamble that could backfire in a volatile crypto market?

A. “The Breakup" by mgk – China’s pivot to Bitcoin and gold feels like a calculated breakup with the dollar, chasing independence and value in hard assets instead of IOUs
B. "Mo Money Mo Problems" by The Notorious B.I.G. – With great reserves come great responsibilities, and dumping Treasuries might just trade one kind of risk for another in the global power game which China is not afraid of
C. "All of the Lights" by Rihanna & Kanye West – Flashy as Bitcoin and gold may be, they come with chaos and volatility so China better be testing the waters or have a backup plan

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Last week’s results are in and it seems ‘Errybody’ can get it so no exceptions on tariffs for poor nations

Golden Years Turned Grim: The Retirement Reality For Women                                     

CBX Vibe:

For many women, retirement is no longer a reward; it’s a reckoning!  As the retirement landscape continues to shift, a growing crisis is emerging—one that disproportionately affects women. Despite decades of participation in the workforce, women are retiring with just 70% of the savings their male counterparts. Consequently, women are 80% more likely to live in poverty during retirement. The harsh reality is that the golden years have turned grim – what should be a time of rest and comfort has become a struggle for financial survival. 

How HBCUs Are Empowering Black Graduates Financially                                   

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Historically Black Colleges and Universities (HBCUs) are more than educational institutions; they're catalysts for empowerment, shaping futures that gleam with promise. HBCUs with the highest payoff in 2024 are leading the charge, with Hampton University, Spelman College and Xavier University of Louisiana. Embracing an HBCU education in 2024 means embracing an opportunity to amplify Black graduates careers and income prospects. 

Vibes of the Week

America’s elderly are unlikely to say “Amen” when it comes to wealth equality. Shaboozey and Jelly Roll expound in our CBX Vibes!