1 00:00:00,160 --> 00:00:02,440 Speaker 1: Well, we didn't talk about the podcast. What are you 2 00:00:02,560 --> 00:00:06,520 Speaker 1: excited about the podcast? Let's do that. So this is 3 00:00:06,519 --> 00:00:09,280 Speaker 1: what Morgan the Bond, co founder and CEO at Bravity 4 00:00:09,360 --> 00:00:11,480 Speaker 1: says to me after we've talked for about an hour. 5 00:00:11,840 --> 00:00:14,960 Speaker 1: I just finished asking her about her thoughts on lifestyle companies, 6 00:00:15,240 --> 00:00:18,320 Speaker 1: her bomb community and friendships with other rock star founders, 7 00:00:18,560 --> 00:00:21,279 Speaker 1: and her thoughts on the importance of black media since 8 00:00:21,320 --> 00:00:23,799 Speaker 1: she was first up on Black Tech Cream Money. What 9 00:00:24,000 --> 00:00:26,400 Speaker 1: she wanted to talk about was what we can expect 10 00:00:26,400 --> 00:00:28,840 Speaker 1: from the show. I'm gonna be asking things that you 11 00:00:28,920 --> 00:00:32,159 Speaker 1: may not hear other places, right. I want to I 12 00:00:32,200 --> 00:00:33,879 Speaker 1: want to dig. I want to ask the follow up 13 00:00:33,880 --> 00:00:35,880 Speaker 1: for the interviewer who didn't get to ask the follel 14 00:00:36,640 --> 00:00:39,280 Speaker 1: I want to dig into those things that we haven't 15 00:00:39,479 --> 00:00:41,519 Speaker 1: gotten an opportunity for these people to speak on. So 16 00:00:41,520 --> 00:00:43,839 Speaker 1: I'm very excited about that. Well, I'm so grateful for 17 00:00:43,880 --> 00:00:46,080 Speaker 1: you because a lot of what we do at Bravity 18 00:00:46,520 --> 00:00:49,080 Speaker 1: was a vision in the mind, and you've been able 19 00:00:49,159 --> 00:00:51,160 Speaker 1: to come on board and bring it into real life 20 00:00:51,360 --> 00:00:54,840 Speaker 1: and ensure that we are a place of accessibility. Um 21 00:00:55,320 --> 00:00:57,840 Speaker 1: And I'm really grateful for you because of that, because 22 00:00:58,320 --> 00:00:59,880 Speaker 1: I don't think that we could have done it without 23 00:00:59,880 --> 00:01:03,000 Speaker 1: you gotten this far, and we have so much room 24 00:01:03,040 --> 00:01:05,559 Speaker 1: to grow and so much more that we should be doing. 25 00:01:05,840 --> 00:01:09,360 Speaker 1: And um, this podcast is a natural extension of what 26 00:01:09,400 --> 00:01:12,199 Speaker 1: we've already committed to as a company. And I hope 27 00:01:12,240 --> 00:01:15,920 Speaker 1: that this podcast can be something that's an extension of 28 00:01:15,959 --> 00:01:19,880 Speaker 1: the mission of ensuring young Black entrepreneurs and young Black 29 00:01:20,000 --> 00:01:24,640 Speaker 1: professionals and technology can rise to be leaders within our community, 30 00:01:25,040 --> 00:01:28,800 Speaker 1: have ownership, have equity, and get the behind the scenes 31 00:01:28,920 --> 00:01:31,040 Speaker 1: along the way that they don't have to know a 32 00:01:31,160 --> 00:01:33,720 Speaker 1: Deshaun or me because they can hear us right here 33 00:01:33,760 --> 00:01:36,920 Speaker 1: on this podcast, given you exactly what we need to know, 34 00:01:37,240 --> 00:01:38,959 Speaker 1: what you need to know, what I should have known, 35 00:01:40,120 --> 00:01:44,800 Speaker 1: so that we could all move faster towards our future together. 36 00:01:45,200 --> 00:01:47,680 Speaker 1: So I want to I want to entertain our audience. 37 00:01:47,760 --> 00:01:50,120 Speaker 1: I want to educate our audience, and I want to 38 00:01:50,120 --> 00:01:52,600 Speaker 1: make sure that when they finished an episode they got 39 00:01:52,600 --> 00:01:55,960 Speaker 1: something to go do. That's right, That's absolutely right. So 40 00:01:56,840 --> 00:01:58,560 Speaker 1: I'm tuning in. I think we should get into the 41 00:01:58,600 --> 00:02:00,880 Speaker 1: nitty gritty of all the money that all the money 42 00:02:02,360 --> 00:02:05,920 Speaker 1: contracts and money, black tech, green money. That's why we 43 00:02:05,920 --> 00:02:09,359 Speaker 1: came up with the baby. I'm Will Lucas and this 44 00:02:09,560 --> 00:02:12,640 Speaker 1: is Black Tech, Green Money. I'm going to introduce you 45 00:02:12,680 --> 00:02:14,720 Speaker 1: to some of the biggest names, some of the brightest 46 00:02:14,760 --> 00:02:18,239 Speaker 1: minds and brilliant ideas. If you're black, in building, or 47 00:02:18,280 --> 00:02:21,440 Speaker 1: simply using tech to secure your bag, this podcast is 48 00:02:21,480 --> 00:02:28,560 Speaker 1: for you. Morgan Devon is a co founder and CEO 49 00:02:28,680 --> 00:02:32,280 Speaker 1: at Blavity, which is home to the the Afro Tech Shadow 50 00:02:32,320 --> 00:02:35,079 Speaker 1: and a can travel new Ark. She's raised over ten 51 00:02:35,120 --> 00:02:37,960 Speaker 1: million dollars in adventure funding to expand her empire and 52 00:02:38,040 --> 00:02:40,840 Speaker 1: leads a team of over seventy people. She's been featured 53 00:02:40,840 --> 00:02:43,920 Speaker 1: in nine Week's Top thirty Media and Tech Innovators, inks 54 00:02:43,919 --> 00:02:47,080 Speaker 1: Top one hundred Female Founders, Forbes, Top fifty Women in 55 00:02:47,120 --> 00:02:49,959 Speaker 1: Tech in America, and it's also Forbes thirty Under thirty 56 00:02:50,000 --> 00:02:52,480 Speaker 1: year long. I asked her about the power of the 57 00:02:52,520 --> 00:02:55,600 Speaker 1: black voice and how black media can leverage technology to 58 00:02:55,680 --> 00:03:01,240 Speaker 1: amplify it. Well, I think black media was created because 59 00:03:01,560 --> 00:03:03,959 Speaker 1: of the need for us to connect as a community. 60 00:03:04,000 --> 00:03:10,280 Speaker 1: We couldn't use the mainstream distributions of information. They weren't 61 00:03:10,280 --> 00:03:12,280 Speaker 1: built for us, they weren't owned by us, and they 62 00:03:12,320 --> 00:03:15,919 Speaker 1: did not want us to communicate with one another. So um, 63 00:03:15,960 --> 00:03:19,760 Speaker 1: you know, media has been critical for our own advancement 64 00:03:19,840 --> 00:03:22,519 Speaker 1: as a community. Is particularly given that we're as a 65 00:03:22,520 --> 00:03:25,280 Speaker 1: part of the diaspora. By nature that we weren't connected, 66 00:03:25,280 --> 00:03:28,240 Speaker 1: we weren't physically together, and that was by design, by 67 00:03:28,320 --> 00:03:30,799 Speaker 1: their design, that we were torn away from one another 68 00:03:31,160 --> 00:03:37,040 Speaker 1: throughout this country. So having our own media brands and 69 00:03:37,480 --> 00:03:41,640 Speaker 1: as as early as Frederick Douglas, I mean that is 70 00:03:42,160 --> 00:03:45,880 Speaker 1: that is the beginning of the entire infrastructure that Gravity 71 00:03:46,520 --> 00:03:49,920 Speaker 1: UM has been following and built on. So do you 72 00:03:50,000 --> 00:03:53,880 Speaker 1: feel like a responsibility you know, spanning all your brands 73 00:03:53,920 --> 00:03:56,120 Speaker 1: or you have the gravities to travel to ours, afrol 74 00:03:56,160 --> 00:03:59,800 Speaker 1: text and on any and more. What type of responsibility 75 00:03:59,800 --> 00:04:01,720 Speaker 1: do you feel if you feel a responsibility to black 76 00:04:01,760 --> 00:04:05,640 Speaker 1: awareness of what UM it takes to make us make 77 00:04:05,640 --> 00:04:10,320 Speaker 1: progress for us? You know, I think about the progress 78 00:04:10,560 --> 00:04:14,840 Speaker 1: of our community and gravity is responsibility in two different 79 00:04:14,840 --> 00:04:18,400 Speaker 1: ways because in some ways it's incredibly overwhelming when you 80 00:04:18,440 --> 00:04:22,200 Speaker 1: look at a macro level of what Bravity Inc. The 81 00:04:22,240 --> 00:04:25,760 Speaker 1: big corporation that we are UM, the impact that we're 82 00:04:25,800 --> 00:04:28,280 Speaker 1: responsible for in the industries that we're holding accountable. I mean, 83 00:04:28,400 --> 00:04:33,680 Speaker 1: Bravity Inc. Is responsible for holding accountable the technology industry, UM, 84 00:04:33,760 --> 00:04:40,200 Speaker 1: the venture capital, industry through Afrotech, Hollywood production, UM, the news, 85 00:04:40,400 --> 00:04:45,640 Speaker 1: mainstream media corporations, police brutality, social justice through Gravity news 86 00:04:45,640 --> 00:04:53,200 Speaker 1: and Bravity politics, elected officials, local, state, regional, national, UM. 87 00:04:55,040 --> 00:04:58,560 Speaker 1: There's just so much many places and people in industries 88 00:04:58,600 --> 00:05:03,280 Speaker 1: that we are UH shining a light on and stories 89 00:05:03,320 --> 00:05:06,080 Speaker 1: that were shining light on, and really UM at the 90 00:05:06,120 --> 00:05:08,760 Speaker 1: macro level, it can feel overwhelming, and so my strategy 91 00:05:08,920 --> 00:05:13,240 Speaker 1: oftentimes is what can we make a difference at today 92 00:05:13,320 --> 00:05:17,520 Speaker 1: and what is Braravity Incs unique opportunity to make a difference. 93 00:05:17,560 --> 00:05:21,600 Speaker 1: And I challenge our writers, are our audience, our community, 94 00:05:21,680 --> 00:05:24,520 Speaker 1: and everyone on our team to constantly ask that question, well, 95 00:05:24,560 --> 00:05:29,760 Speaker 1: what is our unique contribution and what we're uniquely positioned 96 00:05:29,800 --> 00:05:32,159 Speaker 1: to make an impact here? Particularly when I think about 97 00:05:32,200 --> 00:05:36,479 Speaker 1: afro tech UM, we're because of our scale and because 98 00:05:36,520 --> 00:05:38,800 Speaker 1: of the clients that we have, we can make a 99 00:05:38,800 --> 00:05:41,760 Speaker 1: big difference. And because we're venture funded from some of 100 00:05:41,800 --> 00:05:44,680 Speaker 1: the top vcs in the country and perhaps arguably in 101 00:05:44,720 --> 00:05:46,839 Speaker 1: the world, we can make a difference there too because 102 00:05:46,880 --> 00:05:49,279 Speaker 1: I can hold my own investors accountable, which will have 103 00:05:49,279 --> 00:05:53,840 Speaker 1: an implication within the VC community. So UM we take 104 00:05:53,880 --> 00:05:58,640 Speaker 1: it very seriously. There's this Black af episode where Tyler 105 00:05:58,640 --> 00:06:01,920 Speaker 1: Perry is sitting down with Kindred Burst and Um talking 106 00:06:01,920 --> 00:06:04,919 Speaker 1: about his you know, neglect of white people's takes on 107 00:06:05,040 --> 00:06:08,599 Speaker 1: his work, right, and but he's in the business of 108 00:06:08,640 --> 00:06:11,120 Speaker 1: serving his audience and that's really all he cares about 109 00:06:11,240 --> 00:06:13,520 Speaker 1: and if they are into it, he's he's good. And 110 00:06:13,520 --> 00:06:16,280 Speaker 1: so I wonder your thoughts on that particular perspective with 111 00:06:16,440 --> 00:06:20,919 Speaker 1: regards to what you're building. Uh, I can't make it 112 00:06:20,960 --> 00:06:26,080 Speaker 1: that far into black I can, obviously, I probably four 113 00:06:26,160 --> 00:06:29,120 Speaker 1: or five. I think that was like the best show period. 114 00:06:29,480 --> 00:06:31,279 Speaker 1: I liked it. I just couldn't get through it. But 115 00:06:31,400 --> 00:06:33,120 Speaker 1: it wasn't because I didn't. You know, I don't know 116 00:06:33,160 --> 00:06:35,760 Speaker 1: if I agreed with all the all the Twitter haters, um, 117 00:06:35,800 --> 00:06:40,960 Speaker 1: but for me, Um. Yeah. When we first started the company, 118 00:06:40,960 --> 00:06:45,559 Speaker 1: we explicitly said, I do not care what white people 119 00:06:45,760 --> 00:06:49,560 Speaker 1: want need think. I don't care what they think we 120 00:06:49,600 --> 00:06:51,479 Speaker 1: should do and what they should build. I started the 121 00:06:51,520 --> 00:06:55,279 Speaker 1: company without any funding, and I waited over a year 122 00:06:55,760 --> 00:06:59,839 Speaker 1: to get investments and take outside investments, partially because I 123 00:07:00,040 --> 00:07:03,839 Speaker 1: didn't want to be influenced by what they wanted us 124 00:07:03,880 --> 00:07:09,080 Speaker 1: and need to be for them. And even as we've grown, 125 00:07:09,560 --> 00:07:13,560 Speaker 1: I was just on a call literally today with a 126 00:07:13,640 --> 00:07:16,760 Speaker 1: black VC, and I was like, you should lead our 127 00:07:16,800 --> 00:07:20,720 Speaker 1: Series B, because honestly, that's I don't want. I don't 128 00:07:20,840 --> 00:07:24,240 Speaker 1: want if I don't have to. If we're in a position, 129 00:07:24,760 --> 00:07:27,640 Speaker 1: um to have the best vcs in the world and 130 00:07:27,680 --> 00:07:31,040 Speaker 1: they're also black, let's do that because you get on 131 00:07:31,120 --> 00:07:34,600 Speaker 1: my board. You know, I need people around us, around 132 00:07:34,600 --> 00:07:38,320 Speaker 1: our company, around our mission, around my employees, around our 133 00:07:38,360 --> 00:07:42,760 Speaker 1: audience that are a reflection of our passion. Now, if 134 00:07:42,760 --> 00:07:45,080 Speaker 1: you're down and you're with it, and you understand what 135 00:07:45,080 --> 00:07:48,520 Speaker 1: we're doing and you support us, like g V is 136 00:07:48,560 --> 00:07:51,040 Speaker 1: on our board and they've been incredibly supportive and they 137 00:07:51,120 --> 00:07:54,160 Speaker 1: get it, that's that's all right too. I'm all right 138 00:07:54,200 --> 00:07:57,560 Speaker 1: with that, UM. But my preference is always going to 139 00:07:57,600 --> 00:08:02,080 Speaker 1: be our own because I think that it has such 140 00:08:02,160 --> 00:08:07,600 Speaker 1: an a significant residual impact on everything that that people touch. 141 00:08:07,680 --> 00:08:10,160 Speaker 1: When you, when you're owners of your own destiny and 142 00:08:10,160 --> 00:08:16,280 Speaker 1: your own brands, do you think we potentially underestimate the 143 00:08:16,400 --> 00:08:19,960 Speaker 1: scale of building for black people. Yeah? I got that 144 00:08:20,080 --> 00:08:24,280 Speaker 1: question a lot, which was are you artificially like already 145 00:08:24,280 --> 00:08:27,680 Speaker 1: segmenting off the fact that your company can only ever 146 00:08:27,800 --> 00:08:31,040 Speaker 1: be as big as fourteen percent of the US population 147 00:08:31,720 --> 00:08:36,319 Speaker 1: and you know, and you're already opting into a smaller 148 00:08:36,320 --> 00:08:39,600 Speaker 1: percentage of the total market. And my response to that is, 149 00:08:39,920 --> 00:08:42,679 Speaker 1: have you heard of Africa? Have you heard of Brazil? 150 00:08:43,520 --> 00:08:47,920 Speaker 1: You know, and and it's just such an American point 151 00:08:47,960 --> 00:08:51,720 Speaker 1: of view that, uh, that we're limited to what we 152 00:08:51,760 --> 00:08:53,880 Speaker 1: see right around us, and the rest of the world 153 00:08:53,880 --> 00:08:56,240 Speaker 1: just doesn't function like that. And because of the Internet, 154 00:08:56,480 --> 00:08:59,760 Speaker 1: you know, in my opinion, the opportunity for a black 155 00:09:00,320 --> 00:09:05,480 Speaker 1: brand is limitless because we are one of the fastest 156 00:09:05,520 --> 00:09:09,800 Speaker 1: growing sets of populations within the world regarding our economic 157 00:09:10,040 --> 00:09:13,360 Speaker 1: wealth as well, because we're rising up into the middle 158 00:09:13,360 --> 00:09:16,200 Speaker 1: class around the world with access to technology in job 159 00:09:16,240 --> 00:09:20,400 Speaker 1: development and multinational corporations and so um that is the work. 160 00:09:20,600 --> 00:09:23,000 Speaker 1: We have an opportunity to make that a reality. Now, 161 00:09:23,000 --> 00:09:26,800 Speaker 1: there are systemic reasons why that may not happen, um, 162 00:09:26,840 --> 00:09:31,440 Speaker 1: but we have an opportunity with the sheer numbers in 163 00:09:31,440 --> 00:09:36,720 Speaker 1: in other countries and other continents that um make companies 164 00:09:36,720 --> 00:09:40,559 Speaker 1: like Gravity and or any black brand a very profitable 165 00:09:40,800 --> 00:09:46,080 Speaker 1: business opportunity. I remember Jessica Matthews speaking at Afrotech seventeen. 166 00:09:46,440 --> 00:09:48,360 Speaker 1: I want to I want to say it was seen 167 00:09:48,360 --> 00:09:51,520 Speaker 1: and She talked a little bit about the investment she 168 00:09:51,600 --> 00:09:55,120 Speaker 1: got from the continent. But I wonder, um, what your 169 00:09:55,200 --> 00:09:59,080 Speaker 1: ideas on the black business opportunity, Cause we've done, we've dabbled, 170 00:09:59,160 --> 00:10:01,240 Speaker 1: especially we were or doing a lot of things coming 171 00:10:01,240 --> 00:10:04,000 Speaker 1: off the continent on on afro tech dot com, And 172 00:10:04,040 --> 00:10:07,520 Speaker 1: I wonder what your thoughts are on how afro tech 173 00:10:08,240 --> 00:10:11,400 Speaker 1: can make impact for people who are living there now, 174 00:10:11,800 --> 00:10:15,120 Speaker 1: whether it's networks, connections or what is it. You know, 175 00:10:15,360 --> 00:10:18,160 Speaker 1: I don't know that I've given that enough thought quite yet. 176 00:10:18,480 --> 00:10:20,480 Speaker 1: I still feel like we have a long way to 177 00:10:20,520 --> 00:10:23,240 Speaker 1: go here in the US, and there's a lot that 178 00:10:23,480 --> 00:10:25,880 Speaker 1: I would need to do to learn and to make 179 00:10:25,920 --> 00:10:29,320 Speaker 1: sure that we do that appropriately. And what I'd most 180 00:10:29,320 --> 00:10:33,520 Speaker 1: likely do is hire someone um who is already there 181 00:10:33,600 --> 00:10:36,720 Speaker 1: that lives in Nigeria. We probably start with Nigeria and 182 00:10:36,960 --> 00:10:42,480 Speaker 1: or London, UM, and perhaps goanna and do a regional 183 00:10:42,520 --> 00:10:45,959 Speaker 1: country based strategy, you know, because each each country has 184 00:10:45,960 --> 00:10:48,719 Speaker 1: its own flavor, its own problems, its own system, its 185 00:10:48,720 --> 00:10:53,040 Speaker 1: own infrastructure, and uh, you know, just Nigeria alone is 186 00:10:53,559 --> 00:10:55,760 Speaker 1: a b billion times bigger than the black population of 187 00:10:55,760 --> 00:10:58,040 Speaker 1: the US. Like you can build a whole blavity over 188 00:10:58,080 --> 00:11:03,400 Speaker 1: there so it's a it's a huge, huge opportunity, UM. 189 00:11:03,480 --> 00:11:06,720 Speaker 1: And yet I still feel like Afro tech in the 190 00:11:06,800 --> 00:11:09,840 Speaker 1: US hasn't fully made reach our full potential. We still 191 00:11:09,880 --> 00:11:11,960 Speaker 1: have a lot of work to do when it comes 192 00:11:12,000 --> 00:11:14,000 Speaker 1: to equity and tech, and we have a lot of 193 00:11:14,000 --> 00:11:17,280 Speaker 1: work to do, and when it comes to advancement of 194 00:11:17,320 --> 00:11:21,800 Speaker 1: black professionals in the technology industry and also access to 195 00:11:21,920 --> 00:11:25,880 Speaker 1: funds beyond just a cute hundred k two hundred k 196 00:11:26,000 --> 00:11:28,360 Speaker 1: check from vcs that people are doing right now. I 197 00:11:28,400 --> 00:11:31,040 Speaker 1: want you to lead People's series A. I want you 198 00:11:31,080 --> 00:11:34,439 Speaker 1: to lead People's Series B. I want you to buy 199 00:11:34,480 --> 00:11:38,560 Speaker 1: and acquire these companies. Then I'm gonna go abroad. But 200 00:11:38,720 --> 00:11:41,160 Speaker 1: we still have some some ways to go here. And 201 00:11:41,280 --> 00:11:44,000 Speaker 1: you know you're among I don't want to say a few, 202 00:11:44,000 --> 00:11:46,320 Speaker 1: because there have been more black women who have raised 203 00:11:46,400 --> 00:11:49,080 Speaker 1: a lot of money than we may know that or 204 00:11:49,160 --> 00:11:52,360 Speaker 1: that get the respect of it, UM, But I wonder 205 00:11:52,400 --> 00:11:55,600 Speaker 1: how you think about your role in making sure that 206 00:11:55,720 --> 00:12:00,920 Speaker 1: the investment pipelines have more Morgans in them. It's a 207 00:12:00,960 --> 00:12:05,440 Speaker 1: great question. Will I've struggled with that question because in 208 00:12:05,480 --> 00:12:08,280 Speaker 1: some ways I've watched other black founders that were a 209 00:12:08,320 --> 00:12:12,440 Speaker 1: part of the few burnout completely because they um were 210 00:12:12,480 --> 00:12:17,960 Speaker 1: always giving to everyone else, and I imagine that that 211 00:12:18,000 --> 00:12:21,480 Speaker 1: was very difficult for them, because the inbound of requests 212 00:12:21,559 --> 00:12:25,600 Speaker 1: for one on ones or speaking or advising or angel 213 00:12:25,640 --> 00:12:29,480 Speaker 1: investing can be exhausting. And I've certainly felt that for 214 00:12:29,559 --> 00:12:32,280 Speaker 1: myself and have to have had to balance the ebb 215 00:12:32,280 --> 00:12:36,120 Speaker 1: and flow of being a public figure when I really 216 00:12:36,160 --> 00:12:38,760 Speaker 1: didn't expect to sign up to be a public figure. 217 00:12:38,800 --> 00:12:41,200 Speaker 1: I really started this business because I wanted to start 218 00:12:41,200 --> 00:12:44,840 Speaker 1: a business and make a difference. I didn't factor in, um, 219 00:12:45,000 --> 00:12:47,400 Speaker 1: the fact that I needed to be a personality or 220 00:12:47,400 --> 00:12:49,719 Speaker 1: a role model. I'm happy and grateful and humbled that 221 00:12:49,840 --> 00:12:54,040 Speaker 1: I am for people, but I also um, it is 222 00:12:54,080 --> 00:12:56,760 Speaker 1: any second job in a lot of ways, on top 223 00:12:56,800 --> 00:13:00,440 Speaker 1: of a very hard job already of running a successful companies. 224 00:13:00,480 --> 00:13:05,320 Speaker 1: So UM, what I believe is my unique contribution is 225 00:13:05,440 --> 00:13:08,679 Speaker 1: building the scalable systems and tools and platforms and enabling 226 00:13:08,679 --> 00:13:11,120 Speaker 1: other people to continue to carry the torch and to 227 00:13:11,160 --> 00:13:14,480 Speaker 1: help them carry a big torch that's loud, that has fuel, 228 00:13:14,520 --> 00:13:16,520 Speaker 1: and to put more fuel on their fire. And that 229 00:13:16,679 --> 00:13:19,160 Speaker 1: is what we can do with afro Tech, with the brand, 230 00:13:19,160 --> 00:13:22,560 Speaker 1: with platforms like this new podcast UM with our user 231 00:13:22,600 --> 00:13:26,719 Speaker 1: generated content platform with gravity and making sure that we 232 00:13:26,840 --> 00:13:30,440 Speaker 1: as an institution are able to empower other people and 233 00:13:30,520 --> 00:13:32,360 Speaker 1: make it easy. You don't need to know me. My 234 00:13:32,440 --> 00:13:33,720 Speaker 1: hope is that you don't need to know who I 235 00:13:33,760 --> 00:13:35,920 Speaker 1: am to benefit from the work that we do at 236 00:13:35,920 --> 00:13:40,720 Speaker 1: this company. Yeah, you make me think about UM. In 237 00:13:40,800 --> 00:13:43,319 Speaker 1: this interview, I spoke with Charles Hudson at afro Tech 238 00:13:43,360 --> 00:13:45,880 Speaker 1: in twenty nineteen and I asked him about, you know, 239 00:13:45,920 --> 00:13:49,840 Speaker 1: when you're the only or one of few black vcs 240 00:13:49,920 --> 00:13:53,160 Speaker 1: who may be at a conference. UM, not an afrotech 241 00:13:53,160 --> 00:13:55,599 Speaker 1: because he's because everybody's you know, pretty much black in 242 00:13:55,679 --> 00:13:57,920 Speaker 1: afro Tech. But if you at a conference and you've 243 00:13:57,960 --> 00:14:00,719 Speaker 1: got a couple of US peppers sprinkle, then right, and 244 00:14:00,840 --> 00:14:04,160 Speaker 1: you become the only guy who they feel I can 245 00:14:04,200 --> 00:14:07,880 Speaker 1: relate to what they're coming from. And how does it feel? UM? 246 00:14:07,920 --> 00:14:10,360 Speaker 1: Not wanting to be and I don't want to speak 247 00:14:10,360 --> 00:14:12,280 Speaker 1: for anybody, but you know you you said you felt 248 00:14:12,280 --> 00:14:16,400 Speaker 1: like it's a second job being the representation UM. But 249 00:14:16,600 --> 00:14:19,720 Speaker 1: how do you manage in a way being the only 250 00:14:19,760 --> 00:14:22,840 Speaker 1: one that that people can see as If I can 251 00:14:22,880 --> 00:14:25,800 Speaker 1: just get the Morgan, then I'm gonna get I'm gonna 252 00:14:25,800 --> 00:14:27,360 Speaker 1: get the answer I need. If I can just get 253 00:14:27,360 --> 00:14:30,880 Speaker 1: the Charles Hudson, I'm gonna get somebody who understands that, Okay, 254 00:14:30,920 --> 00:14:32,400 Speaker 1: I need this money to do X, Y and Z. 255 00:14:33,400 --> 00:14:35,720 Speaker 1: It's such a tough question, Will and I really really 256 00:14:35,720 --> 00:14:38,360 Speaker 1: do struggle with it because every person that emails me 257 00:14:38,440 --> 00:14:40,560 Speaker 1: and says, hey, can we have fifteen minutes? Or hey 258 00:14:40,560 --> 00:14:42,520 Speaker 1: can you look at my dad? Can you warm intro 259 00:14:42,600 --> 00:14:46,080 Speaker 1: me to someone? It is a decision making calculus of 260 00:14:46,840 --> 00:14:49,600 Speaker 1: am I taking away from gravity? Am I taking away 261 00:14:49,640 --> 00:14:51,840 Speaker 1: from my self care? Am I taking away from my family? 262 00:14:51,880 --> 00:14:53,600 Speaker 1: Am I taking away from my partner? Am I taken 263 00:14:53,640 --> 00:14:58,640 Speaker 1: away from from everything? You know? And? Um? I still 264 00:14:58,680 --> 00:15:01,640 Speaker 1: say yes a lot of the time. I also have 265 00:15:01,720 --> 00:15:04,800 Speaker 1: tried to create again scalable structure so that I can 266 00:15:04,840 --> 00:15:08,560 Speaker 1: say yes more easily, so I say, well, I would 267 00:15:08,560 --> 00:15:11,680 Speaker 1: love to chat with you. Are you on my email list? 268 00:15:11,800 --> 00:15:14,120 Speaker 1: Do you follow me on Instagram? Have you listened to 269 00:15:14,200 --> 00:15:18,440 Speaker 1: these podcasts? Have you watched these videos? If they're like yes, yes, yes, yes, yes, 270 00:15:18,480 --> 00:15:21,920 Speaker 1: I'm like I stop. But if they're like you have 271 00:15:22,000 --> 00:15:25,240 Speaker 1: a newsletter, I'm like, you haven't really tried that hard. 272 00:15:25,280 --> 00:15:27,480 Speaker 1: I'm not going to try harder than you have to 273 00:15:28,400 --> 00:15:31,960 Speaker 1: help you. If you really want to know my advice, 274 00:15:32,000 --> 00:15:35,000 Speaker 1: I try as much as possible to make my information accessible, 275 00:15:35,080 --> 00:15:38,280 Speaker 1: my point of view accessible, um and I think that 276 00:15:38,440 --> 00:15:42,960 Speaker 1: more black vcs and founders should try to give back 277 00:15:43,040 --> 00:15:46,720 Speaker 1: in that way, so that there's also an archive and 278 00:15:46,760 --> 00:15:50,160 Speaker 1: a library of information for those people who maybe don't 279 00:15:50,160 --> 00:15:51,640 Speaker 1: even know how to even reach you to ask you 280 00:15:51,680 --> 00:15:54,400 Speaker 1: that question. What if they can find that Twitter threat, 281 00:15:54,440 --> 00:15:56,480 Speaker 1: if they can find the Medium post, if they can 282 00:15:57,320 --> 00:15:59,840 Speaker 1: see something that was shared by someone else, you're giving 283 00:15:59,840 --> 00:16:03,400 Speaker 1: them more opportunities to just have this information and normalize 284 00:16:03,640 --> 00:16:05,880 Speaker 1: some of the things that we talked about in tech 285 00:16:06,080 --> 00:16:09,440 Speaker 1: and that to me, I think about the Morgan version 286 00:16:09,480 --> 00:16:12,080 Speaker 1: of myself when I was sitting in St. Louis and 287 00:16:12,240 --> 00:16:14,960 Speaker 1: I didn't know the difference between Mountain View being in 288 00:16:15,000 --> 00:16:18,400 Speaker 1: the mountains and mountain View being in California. I thought 289 00:16:18,400 --> 00:16:21,480 Speaker 1: mountain View was like literally in like Michigan, in the mountains, 290 00:16:21,800 --> 00:16:24,560 Speaker 1: you know, And I didn't know why I was I 291 00:16:24,600 --> 00:16:26,920 Speaker 1: supposed to know. It wasn't part of my story, it 292 00:16:27,000 --> 00:16:30,400 Speaker 1: wasn't a part of my vision, It wasn't in tech Crunch. 293 00:16:30,600 --> 00:16:33,640 Speaker 1: Tristan at the time Tristan Walker was the highest Black 294 00:16:33,680 --> 00:16:35,520 Speaker 1: person that I had ever seen, and it was because 295 00:16:35,560 --> 00:16:37,400 Speaker 1: he was at four square and like I think he 296 00:16:37,520 --> 00:16:39,760 Speaker 1: was b D And I apologize Trison if I'm I'm 297 00:16:39,760 --> 00:16:42,680 Speaker 1: beturing your title, but like that was like the biggest 298 00:16:42,680 --> 00:16:44,600 Speaker 1: Black person in tech Crunch at the time, you know. 299 00:16:44,640 --> 00:16:46,560 Speaker 1: So we've come a long way since when I was 300 00:16:46,600 --> 00:16:49,200 Speaker 1: a girl in St. Louis um and I'm proud of 301 00:16:49,280 --> 00:16:50,840 Speaker 1: us for that, but we still have a long way Togo. 302 00:17:04,520 --> 00:17:07,879 Speaker 1: The Black Growth Network from Blavity, Inc. Provides Black small 303 00:17:07,920 --> 00:17:12,240 Speaker 1: business owners and entrepreneurs with the funding, resources and network 304 00:17:12,359 --> 00:17:16,000 Speaker 1: needed to stabilize and growth the business. And you're invited 305 00:17:16,040 --> 00:17:19,600 Speaker 1: to join our network of startups, angel investors, and vcs, 306 00:17:19,920 --> 00:17:22,199 Speaker 1: which can open the door to even more funding and 307 00:17:22,320 --> 00:17:27,800 Speaker 1: opportunities like pitch competitions. We're building black economic empowerment together. 308 00:17:28,520 --> 00:17:32,000 Speaker 1: Check it out now at Black Growth Network dot com. 309 00:17:32,040 --> 00:17:36,480 Speaker 1: That's Black Growth Network dot com. If you aren't subscribed 310 00:17:36,520 --> 00:17:39,600 Speaker 1: to the Afro Tech newsletter, are you really about that life? 311 00:17:40,280 --> 00:17:43,560 Speaker 1: All the exclusive content and subscriber only promotions can only 312 00:17:43,600 --> 00:17:46,960 Speaker 1: be secured by becoming an Afro Tech insider. Join for 313 00:17:47,000 --> 00:17:55,840 Speaker 1: free now and joint dot Afrotech dot Com. After two 314 00:17:55,920 --> 00:17:58,520 Speaker 1: years of hosting the afro Tech conference in San Francisco, 315 00:17:58,720 --> 00:18:01,960 Speaker 1: the hardest Silicon Valley, Morgan decided to move the conference 316 00:18:02,000 --> 00:18:05,240 Speaker 1: to Oakland, closer to the community she wanted to expose 317 00:18:05,280 --> 00:18:08,440 Speaker 1: to the black wealth opportunity in tech hes She is 318 00:18:08,480 --> 00:18:10,960 Speaker 1: at the kickoff of events. So there's just a lot 319 00:18:11,000 --> 00:18:14,399 Speaker 1: of doubts that um I had to work through and 320 00:18:14,560 --> 00:18:16,639 Speaker 1: our team had to really process to be able to 321 00:18:16,680 --> 00:18:18,879 Speaker 1: make this move and to feel confident about it. And 322 00:18:18,920 --> 00:18:20,440 Speaker 1: really what it came down to at the end of 323 00:18:20,480 --> 00:18:24,600 Speaker 1: the day was like, okay, again, ten years from now, 324 00:18:24,720 --> 00:18:26,959 Speaker 1: twenty years from now, when we're thinking about the future 325 00:18:27,119 --> 00:18:29,560 Speaker 1: and we're looking back at what we've done and what 326 00:18:29,600 --> 00:18:31,520 Speaker 1: we're doing for the next generation, are we going to 327 00:18:31,600 --> 00:18:33,919 Speaker 1: be proud of where this is? Right? Are we going 328 00:18:33,960 --> 00:18:36,880 Speaker 1: to be proud that we're putting money and resources into 329 00:18:37,440 --> 00:18:44,120 Speaker 1: this city? Not necessarily right, but Oakland, absolutely right. We're 330 00:18:44,119 --> 00:18:47,080 Speaker 1: buying out all the restaurants, We're buying out all the clubs, 331 00:18:47,280 --> 00:18:52,040 Speaker 1: were hiring all the turn up and running bravity In 332 00:18:52,080 --> 00:18:56,480 Speaker 1: this brands afro Tech, Shadow and act Travel Now are 333 00:18:56,640 --> 00:18:59,640 Speaker 1: as well as her own personal brands in Rows Essentials, 334 00:18:59,640 --> 00:19:02,280 Speaker 1: works Mark, and the growth notebook can take. It's told. 335 00:19:02,840 --> 00:19:05,199 Speaker 1: I asked Morgan about how she manages to carry this 336 00:19:05,280 --> 00:19:09,680 Speaker 1: world on her shoulders. I am, um, someone who very 337 00:19:09,720 --> 00:19:14,280 Speaker 1: much has boundaries with my time. I think time is 338 00:19:14,359 --> 00:19:18,440 Speaker 1: the most valuable thing that we all have. And UM, 339 00:19:18,480 --> 00:19:21,439 Speaker 1: I've learned the hard way what happens when I don't 340 00:19:21,480 --> 00:19:25,679 Speaker 1: put restrictions on um my time and I give myself 341 00:19:25,720 --> 00:19:32,240 Speaker 1: too much to everyone around me. UM. So for me, 342 00:19:32,440 --> 00:19:36,600 Speaker 1: it means that I don't typically have meetings after a 343 00:19:36,600 --> 00:19:38,840 Speaker 1: certain time because I know that my brain is fried. 344 00:19:38,920 --> 00:19:41,200 Speaker 1: I try to give it all that I have from 345 00:19:41,440 --> 00:19:45,280 Speaker 1: the morning to about three o'clock, and then after that 346 00:19:45,600 --> 00:19:49,200 Speaker 1: It's like if you're after that tail in and that 347 00:19:49,440 --> 00:19:51,960 Speaker 1: meet it at that three class, you don't get what 348 00:19:52,040 --> 00:19:54,439 Speaker 1: you get. But and I still have to have the meeting, 349 00:19:54,600 --> 00:19:57,200 Speaker 1: you know, Um, but the people around me know that 350 00:19:57,320 --> 00:19:59,680 Speaker 1: they know that, and or I'm explicit about it because 351 00:19:59,680 --> 00:20:02,280 Speaker 1: it's portant to me that I show up at my best. 352 00:20:02,560 --> 00:20:07,879 Speaker 1: And I also, UH spend my weekends I work. I 353 00:20:08,040 --> 00:20:09,720 Speaker 1: basically wake up at the same time every day. It 354 00:20:09,760 --> 00:20:12,600 Speaker 1: doesn't really matter what day is. I think, as an entrepreneur, 355 00:20:12,840 --> 00:20:17,560 Speaker 1: your Saturday and your Tuesday the same difference. Like Yeah, 356 00:20:17,640 --> 00:20:21,280 Speaker 1: until we had like real employees that were like over 357 00:20:21,359 --> 00:20:24,159 Speaker 1: fifteen people, I didn't even really respect holidays. I was like, what, 358 00:20:25,400 --> 00:20:29,160 Speaker 1: uh tomorrow holiday? What y'all talking about? Because the work 359 00:20:29,200 --> 00:20:32,199 Speaker 1: doesn't stop. But now at this point, I know that 360 00:20:32,520 --> 00:20:34,960 Speaker 1: entrepreneurship is a journey in a lifetime. For me, it's 361 00:20:35,000 --> 00:20:37,680 Speaker 1: it's a way of life. There is no final destination. 362 00:20:37,720 --> 00:20:39,679 Speaker 1: It's just a part of who I am. And so 363 00:20:39,760 --> 00:20:43,320 Speaker 1: I've learned how to have a routine that allows me 364 00:20:43,359 --> 00:20:46,119 Speaker 1: for that sustained work ethic. So I wake up at 365 00:20:46,119 --> 00:20:48,240 Speaker 1: the same time every day, I do the same thing 366 00:20:48,480 --> 00:20:52,879 Speaker 1: every morning. Um. And then you know, I work hard 367 00:20:53,080 --> 00:20:54,639 Speaker 1: for the first few hours of the day so that 368 00:20:55,000 --> 00:20:57,199 Speaker 1: by twelve o'clock on a Saturday, when it's time for 369 00:20:57,280 --> 00:20:59,920 Speaker 1: brunch and the beach, I'm gone. I'm out and I'm 370 00:21:00,040 --> 00:21:03,040 Speaker 1: enjoying myself and I feel good. I don't feel guilty. 371 00:21:03,080 --> 00:21:05,800 Speaker 1: I got my work done, um, and I'm also able 372 00:21:05,840 --> 00:21:10,120 Speaker 1: to have a full day. I wonder how you developed 373 00:21:10,160 --> 00:21:13,000 Speaker 1: as a leader, because I think about so many of 374 00:21:13,040 --> 00:21:15,800 Speaker 1: the founders that we see these days, you know, coming 375 00:21:15,800 --> 00:21:19,960 Speaker 1: to very young late teens, early twenties and thirties even 376 00:21:20,520 --> 00:21:24,960 Speaker 1: and you know a lot of these folks in in 377 00:21:24,960 --> 00:21:27,320 Speaker 1: in many respects have not had like a ton of 378 00:21:27,440 --> 00:21:31,200 Speaker 1: career experience, but they come in, found a company, grow 379 00:21:31,240 --> 00:21:33,720 Speaker 1: a team, and have to learn along the way. So 380 00:21:33,920 --> 00:21:36,000 Speaker 1: I'm interested in like the things that you've done, like 381 00:21:36,119 --> 00:21:39,119 Speaker 1: books you've read or class Like what have you done 382 00:21:39,320 --> 00:21:43,120 Speaker 1: to develop into a leader? Yeah? I started the company 383 00:21:43,200 --> 00:21:46,680 Speaker 1: and I was twenty uh three when I first had 384 00:21:46,960 --> 00:21:49,840 Speaker 1: the kind of we're going to do a thing moment um, 385 00:21:49,920 --> 00:21:53,840 Speaker 1: and in twenty four when it launched publicly, and um, 386 00:21:53,880 --> 00:21:58,439 Speaker 1: you know, some six years in. And one interesting thing 387 00:21:58,480 --> 00:22:01,880 Speaker 1: about being a young founder is that you you are young, 388 00:22:03,119 --> 00:22:05,280 Speaker 1: which gives you a certain level of privilege of not 389 00:22:05,359 --> 00:22:10,240 Speaker 1: having the responsibility that others typically have in their mid thirties. Um. 390 00:22:10,359 --> 00:22:12,480 Speaker 1: And so I was able to do things like sleep 391 00:22:12,520 --> 00:22:14,520 Speaker 1: on the couch and sleep on the floor. I was 392 00:22:14,560 --> 00:22:17,800 Speaker 1: able to do things like, uh, you know, sit and 393 00:22:17,800 --> 00:22:21,400 Speaker 1: work for fifteen hours straight and do it every day. 394 00:22:21,680 --> 00:22:25,280 Speaker 1: I was able to do those things, and um, certainly 395 00:22:25,280 --> 00:22:27,159 Speaker 1: I could do them now, but the consequences would be 396 00:22:27,200 --> 00:22:31,440 Speaker 1: my charder, my knees would start hurting an old lady, 397 00:22:32,240 --> 00:22:34,840 Speaker 1: um and and I don't want to sleep on the 398 00:22:34,880 --> 00:22:41,639 Speaker 1: couch anymore, I want to bet UM and so in 399 00:22:41,680 --> 00:22:43,880 Speaker 1: a lot of ways, though that stage and that that 400 00:22:43,960 --> 00:22:47,359 Speaker 1: time in my life gave me so much freedom to 401 00:22:47,400 --> 00:22:50,680 Speaker 1: make a ton of mistakes UM, and there were mistakes 402 00:22:50,720 --> 00:22:53,159 Speaker 1: that it impacted very few people because we weren't that 403 00:22:53,200 --> 00:22:56,960 Speaker 1: big and UM, it was very genuine and authentic, and 404 00:22:57,000 --> 00:23:00,000 Speaker 1: it still is now. But I have a much larger responsibility. 405 00:23:00,040 --> 00:23:03,080 Speaker 1: With an employee base and being the chairwoman of the 406 00:23:03,119 --> 00:23:06,760 Speaker 1: board and huge investors who have invested millions of dollars 407 00:23:06,760 --> 00:23:10,320 Speaker 1: into our company, I have a much larger impact for 408 00:23:10,359 --> 00:23:13,639 Speaker 1: the mistakes that I make UM, and I take that 409 00:23:13,800 --> 00:23:18,439 Speaker 1: very seriously, and so I have UM surrounded myself with 410 00:23:18,480 --> 00:23:23,639 Speaker 1: advisors who hold me accountable. Two of my best advisors 411 00:23:23,640 --> 00:23:27,199 Speaker 1: are my co founders, Aaron and Jeff Um. You know, 412 00:23:27,240 --> 00:23:30,000 Speaker 1: Aaron can say things to me that most people cannot 413 00:23:30,040 --> 00:23:33,879 Speaker 1: say with me at least hearing them. And Jeff is 414 00:23:34,000 --> 00:23:37,920 Speaker 1: the voice of reason so many times when I feel defeated, 415 00:23:38,080 --> 00:23:41,560 Speaker 1: and he centers me and centers us as a group 416 00:23:41,720 --> 00:23:44,240 Speaker 1: on the purpose of our our business and not to 417 00:23:44,280 --> 00:23:48,040 Speaker 1: get to UM tied into the scents and pennies and 418 00:23:48,080 --> 00:23:51,600 Speaker 1: dollars of what we're doing. But while we're doing what 419 00:23:51,640 --> 00:23:54,680 Speaker 1: we're doing and how to get it done and so UM, 420 00:23:54,720 --> 00:23:57,439 Speaker 1: I think having advisors has been critical for me. And 421 00:23:57,480 --> 00:24:01,520 Speaker 1: then I learned a lot through other entrepreneurs. So I 422 00:24:01,560 --> 00:24:06,119 Speaker 1: hold very close to me entrepreneurs who are either investors 423 00:24:06,320 --> 00:24:09,720 Speaker 1: or friends. So Deshaun from Maven, you know, I will 424 00:24:09,760 --> 00:24:11,720 Speaker 1: call him. I remember one of the first phone calls 425 00:24:11,720 --> 00:24:13,560 Speaker 1: I had with Deshan. Well, de Shan was actually one 426 00:24:13,560 --> 00:24:16,560 Speaker 1: of the first people who kind of shamed me into 427 00:24:16,640 --> 00:24:18,680 Speaker 1: quitting my day job because I used to see him 428 00:24:18,680 --> 00:24:21,639 Speaker 1: at the Black Founders meetups UH in San Francisco. The 429 00:24:21,640 --> 00:24:24,040 Speaker 1: Black Founders group was started by Monique and a few others. 430 00:24:24,080 --> 00:24:26,800 Speaker 1: Moniquitter and I used to go to those networking hours, 431 00:24:26,800 --> 00:24:30,120 Speaker 1: but I still had my day job, and so Deshaun 432 00:24:30,400 --> 00:24:33,720 Speaker 1: was like, if I see you one more time talking 433 00:24:33,760 --> 00:24:36,040 Speaker 1: about this bravity and you still have a day job, 434 00:24:36,080 --> 00:24:38,480 Speaker 1: I'm not going to talk to you. And I was like, 435 00:24:38,520 --> 00:24:42,560 Speaker 1: this is harsh, bro and UH, and so I quit. 436 00:24:42,920 --> 00:24:45,280 Speaker 1: I quit, And the next time I saw him, I 437 00:24:45,280 --> 00:24:47,080 Speaker 1: told him UM, he was one of the people who 438 00:24:47,119 --> 00:24:49,040 Speaker 1: pushed me over the edge. But I remember this time 439 00:24:49,080 --> 00:24:52,400 Speaker 1: that I called Deshaun and UM really for business advice 440 00:24:52,440 --> 00:24:55,280 Speaker 1: and as an advisor, I was getting a term sheet 441 00:24:56,560 --> 00:24:59,920 Speaker 1: and UM, I didn't know much about pricing the business, 442 00:25:00,200 --> 00:25:03,520 Speaker 1: and I didn't really understand the math. I didn't understand 443 00:25:04,520 --> 00:25:06,520 Speaker 1: a lot of stuff when it came to the seed round. 444 00:25:06,560 --> 00:25:08,720 Speaker 1: I made a lot of legal mistakes early on in 445 00:25:08,760 --> 00:25:11,080 Speaker 1: the business. I made a lot of mistakes about structure 446 00:25:11,119 --> 00:25:15,640 Speaker 1: and I just didn't know UM and UM very expensive 447 00:25:15,680 --> 00:25:18,320 Speaker 1: mistakes to clean up, by the way, so everyone get 448 00:25:18,320 --> 00:25:21,480 Speaker 1: a good lawyer if you're at the seed stage. UM, 449 00:25:21,520 --> 00:25:25,080 Speaker 1: it's more expensive later. And but I remember calling to 450 00:25:25,119 --> 00:25:27,679 Speaker 1: Sean and I said to Sean, I was almost crying. 451 00:25:28,080 --> 00:25:29,720 Speaker 1: I was like, are you telling me I have to 452 00:25:29,760 --> 00:25:35,320 Speaker 1: sell twenty percent of my business that they want twenty percent? 453 00:25:35,880 --> 00:25:38,680 Speaker 1: That I'm gonna own less because when you have co founders, 454 00:25:38,760 --> 00:25:42,439 Speaker 1: like I'm gonna own less than seventy five percent of 455 00:25:42,600 --> 00:25:50,480 Speaker 1: my company. And he was like, uh, yes, and not 456 00:25:50,600 --> 00:25:52,480 Speaker 1: only that, but you're gonna keep giving away to any 457 00:25:52,480 --> 00:25:56,680 Speaker 1: percent every time. Because I didn't know nobody talks about 458 00:25:56,720 --> 00:25:58,280 Speaker 1: these things, and these are the things the white boys 459 00:25:58,320 --> 00:26:01,159 Speaker 1: talk about. They just they talked about this stuff all 460 00:26:01,160 --> 00:26:02,960 Speaker 1: the time. We need to do a better job in 461 00:26:03,000 --> 00:26:05,680 Speaker 1: our community talking about the numbers and talking about the 462 00:26:06,240 --> 00:26:09,000 Speaker 1: nitty gritty. And that's why the communities of like Afrotek 463 00:26:09,040 --> 00:26:11,760 Speaker 1: are so important because we get we get through all 464 00:26:11,800 --> 00:26:14,600 Speaker 1: the fun stuff and then we really become friends and 465 00:26:14,640 --> 00:26:17,600 Speaker 1: then it's really like, yo, let me send you this. 466 00:26:17,600 --> 00:26:19,520 Speaker 1: This is how you negotiate this deal. This is how 467 00:26:19,520 --> 00:26:21,960 Speaker 1: you negotiate this stock at this company that you're working at. 468 00:26:22,000 --> 00:26:24,640 Speaker 1: This is how much they really pay people at this company. 469 00:26:24,680 --> 00:26:27,800 Speaker 1: Like we get to actually get into that type of 470 00:26:27,840 --> 00:26:30,399 Speaker 1: discussion and that type of advisorship with one another. And 471 00:26:30,440 --> 00:26:33,960 Speaker 1: that's just been I've made so much more money because 472 00:26:34,320 --> 00:26:38,400 Speaker 1: I can talk to my other business friends about how 473 00:26:38,440 --> 00:26:42,520 Speaker 1: to structure deals. That's beautiful. Um, what I respect about 474 00:26:42,560 --> 00:26:47,639 Speaker 1: you is your respect for lifestyle brands too, and um, 475 00:26:47,760 --> 00:26:51,320 Speaker 1: not just these super scaled monsters, right, And do you 476 00:26:51,400 --> 00:26:56,119 Speaker 1: think enough of us recognize the potentially life changing wealth 477 00:26:56,119 --> 00:26:59,639 Speaker 1: capacity lifestyle companies can have. Well, I think that we 478 00:26:59,680 --> 00:27:02,520 Speaker 1: are going. I think that media makes things evan flow, 479 00:27:02,880 --> 00:27:07,200 Speaker 1: and I think as a black entrepreneurial community, we are 480 00:27:07,640 --> 00:27:11,320 Speaker 1: awake to the possibilities and the sexiness of venture capital 481 00:27:11,560 --> 00:27:14,639 Speaker 1: and how that can accelerate the business and scale the 482 00:27:14,680 --> 00:27:18,040 Speaker 1: business and solve one of the systemic problems that we've had, 483 00:27:18,080 --> 00:27:20,560 Speaker 1: which was access to capital. Previously, the only way we 484 00:27:20,600 --> 00:27:22,720 Speaker 1: could get capital was through banks, and we all know 485 00:27:22,880 --> 00:27:25,639 Speaker 1: what those numbers look like. So this is a new 486 00:27:25,800 --> 00:27:29,160 Speaker 1: frontier of financing, which I think is very exciting, and 487 00:27:29,200 --> 00:27:33,000 Speaker 1: I love how many new entrepreneurs are pitching and really 488 00:27:33,040 --> 00:27:36,200 Speaker 1: put themselves out there to go raise or go raise 489 00:27:36,240 --> 00:27:40,160 Speaker 1: a million dollars. That's beautiful to me. I also think 490 00:27:40,440 --> 00:27:46,280 Speaker 1: that there is a interim and intermediary um type of 491 00:27:46,320 --> 00:27:50,520 Speaker 1: fundraising that more people should consider, which is not going 492 00:27:50,560 --> 00:27:52,560 Speaker 1: after the huge VC rounds, although I do think we 493 00:27:52,560 --> 00:27:54,879 Speaker 1: should there are people that should do that, but also 494 00:27:55,000 --> 00:27:58,439 Speaker 1: going after angels and building out and getting investment in 495 00:27:58,520 --> 00:28:01,720 Speaker 1: that way for lifestyle businesses. And a lifestyle business can 496 00:28:01,760 --> 00:28:06,359 Speaker 1: still mean you make in dollars in revenue. It doesn't 497 00:28:06,400 --> 00:28:10,359 Speaker 1: mean you know that you only can afford a basic lifestyle. 498 00:28:10,400 --> 00:28:14,040 Speaker 1: It means that you are building a business not necessarily 499 00:28:14,520 --> 00:28:19,880 Speaker 1: to be a billion dollar valuation or or uh million 500 00:28:19,880 --> 00:28:24,720 Speaker 1: dollar exit um. And it's something that the Blavity team 501 00:28:24,840 --> 00:28:27,480 Speaker 1: we've considered multiple times to say, you know, what, if 502 00:28:27,520 --> 00:28:30,240 Speaker 1: all we ever were were as big as we are today, 503 00:28:31,000 --> 00:28:34,159 Speaker 1: are we okay with that? Like? Are we okay with 504 00:28:34,160 --> 00:28:37,199 Speaker 1: this lifestyle? Are we okay with the team structure? Do 505 00:28:37,280 --> 00:28:40,200 Speaker 1: we have enough money like to pay our our team? 506 00:28:40,320 --> 00:28:41,840 Speaker 1: Do we have enough money in the bank just in 507 00:28:41,840 --> 00:28:44,640 Speaker 1: case hits the fan, like I don't know, a pandemic, 508 00:28:45,040 --> 00:28:49,720 Speaker 1: like do we have enough? Do we have enough? Is 509 00:28:49,760 --> 00:28:52,960 Speaker 1: this enough? It's a question we ask ourselves every six 510 00:28:53,000 --> 00:28:55,960 Speaker 1: months because it's so important. You know, I don't know that. 511 00:28:56,000 --> 00:28:58,600 Speaker 1: I always want to be chasing after the next biggest 512 00:28:58,640 --> 00:29:02,760 Speaker 1: valuation or the next big round of funding. How do 513 00:29:02,840 --> 00:29:05,760 Speaker 1: you think about being like a multifaceted entrepreneur Because you've 514 00:29:05,800 --> 00:29:09,080 Speaker 1: got several media companies, especially under Bravity and you've got 515 00:29:09,120 --> 00:29:11,840 Speaker 1: him Rosen, You've got ult Journal and how how do 516 00:29:11,920 --> 00:29:14,520 Speaker 1: you think about being able to do these different things 517 00:29:14,560 --> 00:29:18,920 Speaker 1: and still having lands of focus. Well, Gravity is my 518 00:29:19,000 --> 00:29:22,400 Speaker 1: number one and always will be. It's like your firstborn, 519 00:29:22,600 --> 00:29:24,960 Speaker 1: you know, it's like but also Gravity has grown up 520 00:29:24,960 --> 00:29:27,160 Speaker 1: a little bit. Gravity is basically in like middle school 521 00:29:27,240 --> 00:29:32,280 Speaker 1: right now. You know, there's other people who are um 522 00:29:32,280 --> 00:29:37,360 Speaker 1: working on Blabby every day. Blabty grows while I sleep. Um, 523 00:29:37,400 --> 00:29:41,480 Speaker 1: we have a huge vision that people can rally around, 524 00:29:41,760 --> 00:29:45,960 Speaker 1: that people understand. Um. I have also shifted my day 525 00:29:45,960 --> 00:29:49,000 Speaker 1: to day role to be an executive, which is very 526 00:29:49,000 --> 00:29:51,920 Speaker 1: different than being an early stage founder. Um. The thing 527 00:29:51,960 --> 00:29:54,640 Speaker 1: about means I enjoy being an early stage founder. I 528 00:29:54,720 --> 00:29:56,520 Speaker 1: enjoy being an executive in the place that I am now, 529 00:29:56,560 --> 00:30:00,280 Speaker 1: but I really enjoy being at the beginning. I think 530 00:30:00,280 --> 00:30:04,719 Speaker 1: it's just so much fun. There's no expectation, there's no pressure, UM, 531 00:30:04,800 --> 00:30:07,880 Speaker 1: and you're just solving problems without you know, all the hoop, 532 00:30:07,960 --> 00:30:09,760 Speaker 1: love it all and all the approvals. I still have 533 00:30:09,800 --> 00:30:11,880 Speaker 1: to get approvals of CEO of blabty you know this 534 00:30:11,960 --> 00:30:14,400 Speaker 1: look like did you get that up? Prother? Like? Who 535 00:30:14,480 --> 00:30:18,120 Speaker 1: I gotta get this approved by? Um? But I love it. 536 00:30:18,120 --> 00:30:21,080 Speaker 1: It's it's a beautiful thing. UM. I also enjoyed just 537 00:30:21,200 --> 00:30:23,840 Speaker 1: going and just making and innovating, and so I started 538 00:30:23,880 --> 00:30:26,880 Speaker 1: in Rows Essentials, my skincare company, because I also wanted 539 00:30:26,920 --> 00:30:30,320 Speaker 1: to learn a new type of business, of consumer business 540 00:30:30,320 --> 00:30:33,760 Speaker 1: with product and supply chain, and I've learned a lot. 541 00:30:33,880 --> 00:30:36,120 Speaker 1: I have so much respect for my sisters who have 542 00:30:36,280 --> 00:30:41,160 Speaker 1: consumer beauty companies. Melissa Butler, um Lester's Pink Like, there's 543 00:30:41,160 --> 00:30:44,560 Speaker 1: so many amazing people who have done this at scale. 544 00:30:44,600 --> 00:30:49,320 Speaker 1: I'm like, y'all really working. So much respect to those women, UM, 545 00:30:49,440 --> 00:30:52,520 Speaker 1: and I also from a balanced point of view, it 546 00:30:52,520 --> 00:30:55,040 Speaker 1: ebbs and flows. One of the beautiful things about having 547 00:30:55,240 --> 00:30:57,840 Speaker 1: these side businesses. You know, if I don't post on 548 00:30:57,880 --> 00:31:00,840 Speaker 1: Instagram on eros Essentials for a week or two weeks, 549 00:31:01,680 --> 00:31:06,360 Speaker 1: nobody cares, you know, um. And so that also gives 550 00:31:06,360 --> 00:31:09,640 Speaker 1: me just some creative freedom to to allow myself to 551 00:31:10,040 --> 00:31:14,280 Speaker 1: m and flow with my own entrepreneurial spirit and um 552 00:31:14,320 --> 00:31:16,560 Speaker 1: it's something that I needed for my own mental health. 553 00:31:16,640 --> 00:31:19,880 Speaker 1: And also when I think about the future of Morgan 554 00:31:20,000 --> 00:31:22,680 Speaker 1: Dubon the person, I think it's important for every single 555 00:31:22,760 --> 00:31:25,760 Speaker 1: person who's listening to this podcast to not just consider 556 00:31:26,160 --> 00:31:28,200 Speaker 1: who you are in your role, but also who are 557 00:31:28,240 --> 00:31:31,440 Speaker 1: you in the long term. For me, it's important that 558 00:31:31,480 --> 00:31:35,000 Speaker 1: Blavity lives beyond me. It's not called Morgan Dubon and Co. 559 00:31:35,480 --> 00:31:38,920 Speaker 1: For a reason. Most people who read our content or 560 00:31:38,960 --> 00:31:40,960 Speaker 1: go to afro Tech, they don't know who I am, 561 00:31:41,240 --> 00:31:44,560 Speaker 1: and I love that. Please, I don't want you to 562 00:31:44,600 --> 00:31:47,400 Speaker 1: know who I am. I didn't start off this business 563 00:31:47,440 --> 00:31:52,960 Speaker 1: for that reason, and so I hope that my future 564 00:31:53,240 --> 00:31:57,800 Speaker 1: can be a multifaceted future. UM. And therefore I need 565 00:31:57,880 --> 00:32:01,680 Speaker 1: to learn and continue to evolve and also bring those 566 00:32:01,720 --> 00:32:04,920 Speaker 1: things that I'm learning back into Blacky as a company. Um, 567 00:32:04,960 --> 00:32:07,640 Speaker 1: you know, because I learned about supply chain and products, 568 00:32:07,680 --> 00:32:09,760 Speaker 1: I know that we probably should not do that business 569 00:32:09,800 --> 00:32:13,800 Speaker 1: within Blacky and so many other other examples of things 570 00:32:13,800 --> 00:32:17,360 Speaker 1: that I've learned. But um, yeah, So I'd like to 571 00:32:17,360 --> 00:32:19,880 Speaker 1: get a list of, let's say, four things from you 572 00:32:19,920 --> 00:32:24,280 Speaker 1: that any entrepreneur who wants to build companies in the 573 00:32:24,400 --> 00:32:28,320 Speaker 1: vein of what you've been able to accomplish, um, things 574 00:32:28,320 --> 00:32:30,120 Speaker 1: that they should do. And I'll give the first one. 575 00:32:30,240 --> 00:32:31,920 Speaker 1: I said four because I'm gonna give the first one time. 576 00:32:32,040 --> 00:32:34,360 Speaker 1: Pretty sure I believe you would give. And that's build 577 00:32:34,400 --> 00:32:38,560 Speaker 1: an email list. Yeah yeah, I'm fan of me about lists. 578 00:32:38,640 --> 00:32:42,840 Speaker 1: Give me four things that strong entrepreneurs should be doing. 579 00:32:43,640 --> 00:32:47,840 Speaker 1: Two in the macro, just build their business. Um, so 580 00:32:48,280 --> 00:32:50,800 Speaker 1: entrepreneurs who are building a business. If I were building 581 00:32:50,800 --> 00:32:54,240 Speaker 1: a business today as an entrepreneur, I would absolutely start 582 00:32:54,280 --> 00:32:57,600 Speaker 1: with an email list, um for my audience, not like 583 00:32:57,640 --> 00:32:59,760 Speaker 1: a personal brand emailst would an email list for my 584 00:33:00,000 --> 00:33:01,840 Speaker 1: and and I would start to release content on a 585 00:33:01,880 --> 00:33:04,959 Speaker 1: weekly basis, probably daily basis, because you learned so much 586 00:33:05,000 --> 00:33:07,480 Speaker 1: about what people click, what they share, what they open 587 00:33:07,960 --> 00:33:10,520 Speaker 1: for a very cheap amount of money and you build 588 00:33:10,800 --> 00:33:14,080 Speaker 1: your own communication. UM. If I were building today, i'd 589 00:33:14,120 --> 00:33:18,840 Speaker 1: also probably considered getting people's full numbers UM, because you know, 590 00:33:19,040 --> 00:33:22,160 Speaker 1: that's kind of the next big wave UM. Back in 591 00:33:22,200 --> 00:33:26,280 Speaker 1: the day, that wasn't really an option for me. UM, 592 00:33:26,440 --> 00:33:31,360 Speaker 1: And I would think earlier about what kind of leader 593 00:33:31,960 --> 00:33:34,960 Speaker 1: you want to be. UM. You know, I made an 594 00:33:34,960 --> 00:33:39,280 Speaker 1: intentional decision with Aaron and Jeff, my co founders, that 595 00:33:39,320 --> 00:33:42,480 Speaker 1: we did very much care about what kind of company 596 00:33:42,520 --> 00:33:44,600 Speaker 1: we wanted to be, and that we wanted it to 597 00:33:44,640 --> 00:33:47,280 Speaker 1: be a company. We wanted it to everyone to work 598 00:33:47,280 --> 00:33:50,000 Speaker 1: in the same room and to work around a shared vision. 599 00:33:50,320 --> 00:33:54,720 Speaker 1: And we felt like being a startup that stood for 600 00:33:54,840 --> 00:33:57,840 Speaker 1: something and was public about it UM mattered. We could 601 00:33:57,880 --> 00:34:00,720 Speaker 1: have built a company that was behind the scenes, UM, 602 00:34:00,760 --> 00:34:05,040 Speaker 1: that was poorly run by contractors all around the world UM, 603 00:34:05,360 --> 00:34:08,040 Speaker 1: and there was no culture, but we got the product done. 604 00:34:08,080 --> 00:34:10,560 Speaker 1: We could have done that UM. The outcome would have 605 00:34:10,640 --> 00:34:13,440 Speaker 1: been quite different, And it was an intentional decision to 606 00:34:13,440 --> 00:34:15,080 Speaker 1: do it this way. Now this way has been way 607 00:34:15,120 --> 00:34:19,920 Speaker 1: more painful. Lord, let me tell you, I don't know 608 00:34:20,280 --> 00:34:23,279 Speaker 1: that I would I would do it again, but it 609 00:34:23,400 --> 00:34:28,839 Speaker 1: is quite painful, UM. To manage people you know, being 610 00:34:28,880 --> 00:34:32,320 Speaker 1: a people manager and a people leader is in itself 611 00:34:32,360 --> 00:34:36,440 Speaker 1: a full time job. And uh, we all our first 612 00:34:36,440 --> 00:34:38,880 Speaker 1: time managers and first time people leaders at this scale 613 00:34:38,920 --> 00:34:41,000 Speaker 1: until we've learned a lot. We made a lot of 614 00:34:41,080 --> 00:34:44,520 Speaker 1: mistakes and um, but I wouldn't change it for the 615 00:34:44,560 --> 00:34:47,080 Speaker 1: world because I'm very proud of the careers that we 616 00:34:47,080 --> 00:34:50,120 Speaker 1: were able to launch, the people that we took chances 617 00:34:50,120 --> 00:34:53,359 Speaker 1: on that wound up being huge, phenomenal leaders within our 618 00:34:53,400 --> 00:34:57,920 Speaker 1: company and or moved on to other great careers and 619 00:34:58,000 --> 00:35:00,120 Speaker 1: other companies that wouldn't have taken a chance on them 620 00:35:00,120 --> 00:35:02,239 Speaker 1: if they hadn't worked at Gravity first. And so I'm 621 00:35:02,320 --> 00:35:05,200 Speaker 1: very proud of the alumni of our company and the 622 00:35:05,200 --> 00:35:08,319 Speaker 1: people who are still with us today. So I'm a 623 00:35:08,360 --> 00:35:11,760 Speaker 1: capitalist and I try not to be romantic about business, 624 00:35:11,800 --> 00:35:16,000 Speaker 1: and I think, um, I wonder how you convey the 625 00:35:16,040 --> 00:35:18,920 Speaker 1: business reality that some things just won't work and you've 626 00:35:18,920 --> 00:35:22,200 Speaker 1: got to kill it and still inspire people to have 627 00:35:22,280 --> 00:35:25,560 Speaker 1: passion about what they're doing. Well, well, you know, working 628 00:35:25,560 --> 00:35:28,200 Speaker 1: at Gravity, I'm not afraid to say that didn't work. 629 00:35:28,200 --> 00:35:31,239 Speaker 1: We have to move on. UM. I also tried to 630 00:35:31,280 --> 00:35:34,840 Speaker 1: have a community and a culture of innovation at the company, 631 00:35:34,920 --> 00:35:40,440 Speaker 1: so we are oftentimes having our teams show early versions 632 00:35:40,440 --> 00:35:43,920 Speaker 1: of new products that we're releasing, get few feedback sessions 633 00:35:44,040 --> 00:35:48,719 Speaker 1: about UM new products that are coming out before they're 634 00:35:48,719 --> 00:35:51,839 Speaker 1: really ready for public eye. It's important for every role 635 00:35:51,880 --> 00:35:54,320 Speaker 1: within the company that we have those open feedback sessions 636 00:35:54,600 --> 00:35:57,880 Speaker 1: so that people also can learn the process of building 637 00:35:57,880 --> 00:36:01,439 Speaker 1: and shipping products ideas product jacks, so that they want 638 00:36:01,520 --> 00:36:04,800 Speaker 1: to one day can go and get that done. UM. 639 00:36:04,920 --> 00:36:08,760 Speaker 1: I also try to be explicit even before one gets 640 00:36:08,760 --> 00:36:11,319 Speaker 1: to blavity, that we are a company. We are not 641 00:36:11,440 --> 00:36:16,799 Speaker 1: a non for profit and it's critical that we uh 642 00:36:17,000 --> 00:36:20,600 Speaker 1: are a for profit entity because I'm able to invest 643 00:36:21,080 --> 00:36:23,800 Speaker 1: more cash flow back into the business that continues to 644 00:36:23,800 --> 00:36:26,360 Speaker 1: allow us to grow to impact more people. We're building 645 00:36:26,360 --> 00:36:30,320 Speaker 1: sustainability so that one day we will be a sustainable, large, 646 00:36:30,320 --> 00:36:33,680 Speaker 1: profitable enterprise. And that is critical for for even the 647 00:36:33,680 --> 00:36:37,080 Speaker 1: mission of our company, which is black happiness. Right, it's 648 00:36:37,160 --> 00:36:39,839 Speaker 1: all black people are happy, is the mission of our company. 649 00:36:39,960 --> 00:36:43,080 Speaker 1: And that means economic freedom, That means ownership, that means power, 650 00:36:43,360 --> 00:36:45,280 Speaker 1: being able to give people a piece of the company 651 00:36:45,280 --> 00:36:47,719 Speaker 1: and give everyone equity in the company who's an employee. 652 00:36:47,880 --> 00:36:50,919 Speaker 1: You know, those things are important to me and um. 653 00:36:50,960 --> 00:36:53,160 Speaker 1: That means that as a part of being a capitalist, 654 00:36:54,239 --> 00:36:58,000 Speaker 1: being a part of a capitalist economy, not everything's gonna work. 655 00:36:58,120 --> 00:36:59,960 Speaker 1: Some things are gonna get more investments, some things are 656 00:37:00,280 --> 00:37:02,160 Speaker 1: some things are gonna get cut. Sometimes those cuts are 657 00:37:02,200 --> 00:37:07,240 Speaker 1: gonna feel arbitrary or hurt, or feel like we're leaving 658 00:37:07,239 --> 00:37:09,960 Speaker 1: something behind or leaving something on the table. And my 659 00:37:10,040 --> 00:37:11,840 Speaker 1: answer is, sometimes we are going to leave money on 660 00:37:11,840 --> 00:37:13,200 Speaker 1: the table. But it's because I'm trying to go to 661 00:37:13,239 --> 00:37:16,239 Speaker 1: this other table. There's got a bigger, bigger feast over year, 662 00:37:16,560 --> 00:37:19,400 Speaker 1: and we gotta leave this little appetizer on the tables. 663 00:37:19,520 --> 00:37:22,000 Speaker 1: You know, somebody else can eat it, you know, um, 664 00:37:22,000 --> 00:37:24,520 Speaker 1: but not everybody can see that. And so I've definitely, 665 00:37:24,640 --> 00:37:28,000 Speaker 1: over the years built up some thick skin um for 666 00:37:28,120 --> 00:37:29,799 Speaker 1: being the person who has to say, you know what, 667 00:37:30,040 --> 00:37:31,919 Speaker 1: we're gonna leave this on the table and we're gonna 668 00:37:31,920 --> 00:37:33,799 Speaker 1: go do another table. And I know that you'll want 669 00:37:33,800 --> 00:37:36,480 Speaker 1: to eat this, and I know that it looks good 670 00:37:36,760 --> 00:37:39,120 Speaker 1: and it's gonna taste good, but I promise you we 671 00:37:39,200 --> 00:37:43,520 Speaker 1: have something else over you. It's very good. Ansome Morgan Duvon, 672 00:37:45,000 --> 00:38:02,160 Speaker 1: thank you so much. You're very welcome. Black tech green 673 00:38:02,200 --> 00:38:04,680 Speaker 1: money is the production of blackt The afro Tech is 674 00:38:04,719 --> 00:38:08,160 Speaker 1: produced by Morgan Davon and me Will Lucas, with additional 675 00:38:08,200 --> 00:38:13,480 Speaker 1: production support by Love Beach, Stephanie Bogu, raveneer Born. Special 676 00:38:13,520 --> 00:38:16,120 Speaker 1: thank you to Michael Davis's car, Savon Jan you know 677 00:38:16,280 --> 00:38:19,000 Speaker 1: like the Wine and yes that's his real name, and 678 00:38:19,120 --> 00:38:23,200 Speaker 1: Kerrka Green. Learn more about Morgan Davon, other tech disruptors 679 00:38:23,200 --> 00:38:26,600 Speaker 1: and innovators at afro tech dot com. Go get your money, 680 00:38:27,320 --> 00:38:27,919 Speaker 1: peace and love,