November 19th, 2011
11:43 AM ET

'Black in America' startups: Where are they now?

Editor's note: "Black in America: The New Promised Land – Silicon Valley," re-airs at 8 p.m., 11 p.m., and 2 a.m. ET on February 11 and February 12 on CNN. Keep the conversation going on Twitter with the hashtag #BlackinAmerica.

By Laurie Segall and Julianne Pepitone

(CNNMoney) –Silicon Valley's startup scene is mostly young, male and white. In response, the NewMe Accelerator brought eight black tech entrepreneurs together for a two-month immersion program in San Francisco.

CNN chronicled their experience in "The New Promised Land - Silicon Valley," a Black in America special, which premiered November 13 and is re-airing November 19 at 8 p.m. EST.

CNNMoney caught up with the startup founders to find out what they've been up to in the three months since the accelerator program ended.

Out of the eight startups developed at NewMe, two have recently attracted funding.

Read the article, "Black in America' startups: Where are they now?"

soundoff (16 Responses)
  1. Joe

    As a Black Male – Asian Folks are wonderful people with unique and inspiring stories. Asian folk had a different experince as opposed to African Americans. African Americans were the only group brought to the new world by force and deliberately and methodically dehumanized and isolated to create a permanent servant. Sad, but true. Asians came to the US by there own will which led to strong ties and deep roots and a connection to their homeland. Black folks still have to deal with a color barrrier, etc that exists still today! Eventhough there has been great strides by both majority and minority to reconcile and celebrate difference, we still have ways to go.

    Now the good news! God is still in control and if He is for you, no one can stand against you! If you have a great idea that helps people, from above, you will make money 🙂

    December 6, 2011 at 8:21 pm | Report abuse |
  2. Gadema K. Quoquoi

    My Experience with "The Venture Capitalists" is that they do not usually Invest in Black-owned Firms. Take a LOOK AT THE MEMBERS OF THESE VENTURE CAPITAL FIRMS.


    GOOGLE ME: Gadema Korboi Quoquoi
    President & CEO

    November 26, 2011 at 1:50 pm | Report abuse |
  3. CNNTom

    @ timothy stallings

    How do the Asians do it? Aren't they an even smaller minority?

    November 25, 2011 at 4:11 am | Report abuse |
    • Blondell Broadus

      Asians are welcome in any town in America...White people will accept an Asian in there neighorhood before they accept a Black, even a rich Black...They would accept a Middle Eastern (Asian) before they accept a Black...Go Figure...They accept Asians because they are not considered Black

      November 25, 2011 at 9:32 am | Report abuse |
      • DJ

        Asians are considered "model" citizens. They are unassuming, disarming and non-threatening in
        the eyes of many. IMO they are what Will Smith, Colin Powell, Bryant Gumbel, Al Roker, etc...
        represent to the black community. As a black man I could care less who white people accept or
        reject in their neighborhoods. I've lived in a middle class/working class neighborhood all my
        life despite the fact that I'm in a higher tax bracket than I was say 15 years ago. My neighborhood
        is diverse and safe. We live in a time where seeking white approval is no longer necessary. Some
        would argue that it was never necessary. Why on earth would anyone want to live in a neighborhood
        where people don't accept you because of color. I would avoid that neighborhood much like any
        crime ridden neighborhood.
        Conversely, my former employer had a networth of over 100 million. He lived in an exclusive
        zip code where the median price for an estate was approximately 3 mil. I have spent hundreds of
        hours in his home as well as the neighborhood. In my observation the only color that mattered was
        green. In other words, if you could afford to live in that particular neighborhood...the
        assumption was you were probably not a security risk. What I also observed is that majority of
        the residents in that neighborhood placed high value on their privacy. Their was not much
        interaction amongst the people in the neighborhood. I suppose that true wealthy people don't
        concern themselves with trivial stereotypes based solely on color.
        Truth be told, the asian community have been known to discriminate amongst themselves.

        January 11, 2012 at 6:14 am | Report abuse |
    • CNNTom

      Maybe Asians are accepting by *everyone* because they have low crime rates, low drug rates, they are highly educated on average. As a result, they have low unemployment and to top that off, they are, generally, quiet. Why wouldn't you want to accept people like that? Why wouldn't you want to live next to people like that?

      November 25, 2011 at 2:26 pm | Report abuse |
    • Anthrofreak

      Many Asians have a great way of setting up social networks that aid other immigrants when they come here. For example, in NYC there is a Korean neighborhood that has immigration, family, legal, employment and health services set up for Korean immigrants when they come to this county. There is a very strong sense of community and these people help themselves and each other by setting up these kinds of services. You use the community, you succeed and give back by helping others. This does not exist in America. You get yours and screw every one else. Success and community are highly valued across most Asian cultures.

      November 25, 2011 at 3:25 pm | Report abuse |
    • CNNTom

      Asians can sacrifice greatly to give their children a good education. Education is promoted very heavily in the Asian culture. I cannot say the same about other cultures. Do we still need to have these articles about why people are not successful? It doesn't matter what percentage of the population you have.

      November 25, 2011 at 3:51 pm | Report abuse |
    • la

      I have always wondered why Asians are so much more accepted than other minority groups. The masses are always concerned about Hispanics taking jobs & taking college spots to "fill quotas" whereas the Asian population are taking much greater numbers of college spots & white collar jobs. Also they tend to not reinvest their monies back into society. Plus the highest rate of interracial relationships is among Asian women & white men. Unsure why they are more accepted, could be because their light skin or docile nature which makes them less of a threat ? ? ?

      November 26, 2011 at 12:51 pm | Report abuse |
  4. timothy stallings

    Silicon Valley is a White and Asian world, that man is speaking factually. However, because he says so doesn't make it that way or keep it that way! It is a good challenge. There is a bug in the brain of every black person in America. It is the bug of "inferiority complex" and the sad part about that bug is black people reinforce its control over us. Now White people do it intentionally and some cases unintentionally, but they do it. My suggestion is seek power, not money. Power controls where money goes. Follow C Johnson's advice and read the book. When you make it happen remember my name!!!LOL

    November 24, 2011 at 10:41 pm | Report abuse |
    • Blondell Broadus

      How are you going to have power without money...Name one person that has power and no money..."FIRST MONEY, THAN POWER"

      November 25, 2011 at 9:21 am | Report abuse |
      • JC

        Mother Teresa – lots of power without money.

        November 26, 2011 at 9:25 am | Report abuse |
      • Blondell Broadus

        Mother Theresa, Bless Her, was a Saint not a CEO

        November 27, 2011 at 6:33 am | Report abuse |
  5. chad johnson

    There is a book that might help with sales pitches of these computer start up companies to help investors put their money in the right places. It is called " How to Make Friends and Influence People", by Dale Carnegie

    November 24, 2011 at 4:51 pm | Report abuse |