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For entrepreneurs of color and women of all races, venture funding remains a nearly impenetrable barrier to success. New players are trying to change that.
The Apollo today announced a full lineup of artists and performances at the non-profit’s annual spring fundraiser, taking place virtually on the Apollo Theater’s Digital Stage on Monday, June 7 at 7:30pm ET. This year’s benefit, APOLLO RESOUNDING, will feature performances by Grammy nominated singer MAJOR; jazz vocalists Alita Moses and more.
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Accidental Billionaires: How Seven Academics Who Didnât Want To Make A Cent Are Now Worth Billions
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Databricks CEO Ali Ghodsi and his cofounders werenât interested in starting a business, and even less interested in making a profit on the tech. Eight years later, at least three are billionaires.
Inside a 13th-floor boardroom in downtown San Francisco, the atmosphere was tense. It was November 2015, and Databricks, a two-year-old software company started by a group of seven Berkeley researchers, was long on buzz but short on revenue.
The directors awkwardly broached subjects that had been rehashed time and again. The startup had been trying to raise funds for five months, but venture capitalists were keeping it at armâs length, wary of its paltry sales. Seeing no other option, NEA partner Pete Sonsini, an existing investor, raised his hand to save the company with an emergency $30 million injection.