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- CBX Daily 9/9/2024
CBX Daily 9/9/2024
CultureBanx Team
September 09, 2024
Today, black retailers in the sneaker industry are missing out, but let’s start with how female Angel investors are leading the route…
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Female Angel Investors Are Rewriting The Venture Capital Playbook
CBX Vibe
Amid the hurdles and slow rebound from the 2021 highs, a notable and steady expansion has occurred in one segment of the venture capital market: The involvement of female angel investors. Data from the University of New Hampshire's Center for Venture Research reveals that the presence of women in angel investing has been on a consistent upward trajectory over the past three years who now represent nearly 50% of the angel investing community. This indicates a major change in an area traditionally dominated by men.
The Role Of Black-Owned Sneaker Stores In A $88 Billion Industry
 CBX Vibe: | Black individuals consistently account for the share of America’s sneaker sales each year. However, Black retailers hardly profit from the industry’s increasing valuation that pulled in $88.9 billion in 2023, as a result of being boxed out of the sneaker market by traditional establishments. |
Kanye Controversy Ends In Courtroom As Adidas Dodges Investor Lawsuit
 CBX Vibe: | Adidas can enjoy a brief sigh of relief as Judge Karin Immergut has agreed to dismiss a lawsuit brought on by investors in a post-Yeezy sneaker universe. For years, rapper Kanye West had been making headlines for his erratic behavior and extreme remarks, ultimately leading Adidas to cut ties in 2022, following his anti-Semitic remarks. Investors claim that they were not effectively warned about West’s behavior before this occurred. The judge however, sided with Adidas, stating that Kanye West had exhibited such behavior for quite some time, and that Adidas did not 'mislead' investors. |
Can A.I. Fin-Tech Strategies Close The Racial Wealth Gap?
 CBX Vibe: | Leveraging A.I. driven financial tools has the potential to democratize access to wealth-building strategies and promote economic growth across communities. However, without careful consideration and regulation, these same technologies could exacerbate existing inequalities to closing the racial wealth gap. |
Big Payday For Artists As Meta & Universal Music Group Tackle AI
 CBX Vibe: | Mark Zuckerberg’s Meta Platforms has partnered with Universal Music Group (UMG) to evolve commercial opportunities for its roster of songwriters and artists across Meta's platforms, including Threads, Instagram, Horizon and Messenger. The deal looks to cement both companies’ commitment to protect the work of "human creators" being pillaged by AI to create unauthorized content - a move that strikes a chord with thousands of artists, composers and writers who have raised their major concerns over copyright infringements. |
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