A Black business owner standing in front of a row of small storefronts as a growth line rises toward the sun.

The '8 Out of 10' Myth: What the Data Actually Says About Black Business Survival

The most repeated statistic about Black business failure has no study behind it. The federal and bank data tell a different story, one where the gap is real, smaller than advertised, and mostly about cash.

By Pharoh Martin·October 22, 2026

Latest

Founder Stories

Brennan DuBose Is Reviving Lincoln Motion, America's First Black-Owned Film Production Company

By Pharoh Martin·November 1, 2026

Founder Stories

Funmi Monet Turned $225,000 in Savings Into a Sephora Fragrance Brand

The licensed therapist and trained perfumer funded Influxious herself, passed on money with the wrong strings attached, and says the brand passed $1 million in sales during its first three weeks.

By Pharoh Martin·October 31, 2026

Startups

Martha Underwood Built Prismm to Keep Family Wealth From Walking Out of the Bank

By Pharoh Martin·October 30, 2026

Kofi Asante, founder and CEO of Bluecore Energy

Startups

Kofi Asante Is the First Black Founder of a Nuclear Energy Company in the U.S., and He Has Raised $60M to Put Reactors on Barges

By Pharoh Martin·October 28, 2026

Startups

Sensori Raised Nearly $1M Without a Single VC Check

By Pharoh Martin·October 27, 2026

Startups

SpaceX Is Buying David Grain's Spectrum Portfolio in a Reported $8 Billion Deal

SpaceX agreed to acquire Grain Management's nationwide 800 MHz wireless spectrum portfolio for a reported $8 billion in cash, in a deal that still requires FCC approval.

By Pharoh Martin·October 24, 2026

By the Numbers

0.5%

Approximate share of total U.S. venture capital raised by Black founders in 2023.

Source: Crunchbase News, funding to Black founders analysis, 2024. Figure shown as an editorial highlight; verify against the latest release before publication.