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Search resuls for: "Beta Boom"


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Maven has expanded from a single Pilates studio to several different businesses and more than 130 commercial tenants. Through the Pilates studio, Arneson met Rocky Donati, who had recently moved to Salt Lake City from San Francisco. Back in 2013, the Pilates studio took in around $200,000 a year, the duo said. Investing in underrepresented startup founders is what motivated Kimmy and Sergio Paluch to launch the venture fund Beta Boom in Salt Lake City. "The potential I see is to fund more diverse businesses, to fund more women, to fund more people of color, and there are opportunities here."
Persons: Maven, Tessa Arneson, Arneson, Rocky Donati, Donati, Maven's, Kimmy, Sergio Paluch, Kimmy Paluch, we're, Beta Boom, Paluch, Susan Petersen, Petersen, of Jesus Christ, I've Organizations: CNBC, U.S Census Bureau, Maven, Beta, Beta Boom, of Jesus, Latter, Saints, Target Locations: CNBC's, Salt Lake City , Utah, United States, America, Salt Lake City, San Francisco, Kimmy, Utah
Also seeding tech start-ups are Kimmy and Sergio Paluch, who founded Beta Boom, which funds underrepresented tech entrepreneurs who lack easy access to capital. Like many other recent arrivals, Ms. Paluch said, she wanted to be part of the evolving city but was also acutely aware that the growth had raised housing prices. The state, unlike many others, does not require developers to include affordable housing in their projects. In the past, “you had to look really hard to find the underground, the arts, the music,” said Ms. Brown, who is also the executive director of Craft Lake City, which organizes arts festivals in the city. “But you do not have to go outside of our state to find incredible talent,” she added.
Persons: Sergio Paluch, Paluch, , Redfin, Mendenhall, Angela H, Brown, Organizations: Beta, Gardner Policy, University of Utah, Craft Locations: Utah, Salt, Craft Lake City
With the launch of Meta Verified, Mark Zuckerberg is appearing more like Elon Musk by the day. Now, let's look at why people are starting to say that Zuckerberg "idolizes Elon Musk." With the announcement of Meta Verified, Meta's new verification subscription service for Facebook and Instagram, many have drawn comparisons between Mark Zuckerberg and Elon Musk. Schilsky added: "I think it's clear that Mark Zuckerberg idolizes Elon Musk." Black VCs like Beta Boom's Kimmy Paluch are addressing long-standing diversity, equity, and inclusion issues in the industry head-on.
Funding to Black VCs rose to $3.4 billion in 2022 from $2.3 billion in 2021, new data reveals. Yet, that's 2.1% of the record $162.6 billion the US venture industry raised in 2022, data shows. These Black VCs hope to change the industry by investing in more underrepresented startup founders. Venture funding to Black investors bounced back in 2022 after a precipitous dip the year before. Do you know of other Black VCs who started or lead funds to back underrepresented founders?
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