Prompt Cast
Challenges and Successes of Running a Media Company During the Pandemic
TLDR Blavity's founder, Morgan DeBaun, discusses the challenges of managing a media company during the pandemic, emphasizing the importance of amplifying black voices and fostering a sense of community among black millennials and Gen Zers. Venture funding opportunities for Black founders have improved, but there are still concerns about the financial stability of small businesses, prompting a need for increased focus on financing options for this group.
Timestamped Summary
00:00
Business travelers are encouraged to mix leisure with work trips, while the founder of Blavity, Morgan DeBaun, discusses the challenges and successes of running a media company during the pandemic.
04:01
Blavity was born out of a desire to create a platform that encompasses the fullness of black experiences, from news to travel, food, music, art, and culture, aiming to foster a sense of community and belonging among black millennials and Gen Zers.
07:28
Blavity's core mission is to create a trusted brand that brings people together, with a focus on fostering community and belonging among black millennials and Gen Zers.
10:51
Navigating the tension between running a for-profit business and honoring the mission of a black media company, Blavity's founder Morgan DeBaun reflects on the challenges of managing layoffs and salary reductions while striving to create a platform that amplifies black voices and stories.
14:12
LinkedIn ads allow you to build relationships with decision makers and reach customers effectively, while Masterclass offers a variety of world-class instructors to help you learn new skills, and NetSuite by Oracle provides businesses with a comprehensive solution to manage growth efficiently.
18:16
Venture funding may not be suitable for every business model, so focus on scaling your audience or revenue first, and consider alternative programs for learning more about venture funding.
21:36
Morgan DeBaun emotionally navigates the challenges of leading a team through difficult times while also focusing on reaching niche communities and supporting entrepreneurs of color through her WorkSmart program.
24:57
Venture funding opportunities for Black founders have improved, but concerns remain about the financial stability of small businesses, prompting a need for increased focus on financing options for this group.
28:20
Morgan DeBon is hopeful for growth and reflection in individuals and communities despite current challenges.
Categories:
Business
