Google is making new commitments to diversity with the launch of two startup programs aimed at jump-starting growth for business owners, specifically for women and Black founders.
These are the latest in a long list of programs the tech giant has created to empower businesses seeking adequate resources for success, said Google's head of first startups, Jewel Burks Solomon. Furthermore, she added that the tech giant is specifically adding resources to help companies succeed in the unprecedented business climate brought about by the coronavirus pandemic.
"We think that giving these founders the best resources that Google has to offer is a great way for us to really be helpful and to just also make sure that these businesses succeed and grow," she told Cheddar.
Google isn't just offering help because it's a trend on Twitter, said Jason Scott, head of startup developers ecosystems at Google. The company is committed to ensuring businesses continue thriving in the future.
"One thing we're really, really, really passionate about is continuing to support diverse founders and representations across all of our programs," he said.
Continued support isn't always measured in monetary terms, Solomon mentioned, but it can also be defined by the tools that can be used to make a product or idea more complete. The new programs offer "additional services" that provide unique access to personalized mentorship and technical workshops.
"We're really excited that Google has taken the stand to say, 'We're going to not just do a one-time thing, but we're going to do something that will really stand the test of time and continue to invest in these businesses,'" Solomon said.
Lasting success for the startups is not Google's sole priority, noted Solomon. The company is also committed to ensuring fair business practices so smaller companies are not simply overrun by larger entities.
"This is our entire team mission: to level the playing field for underrepresented startup founders. And it didn't just start this week or last week. It's been something that we've been doing for many years," she said.
For Solomon, participating in the launch of these new startup initiatives is personal and one she's happy Google fully stands behind.
"I started a tech company back in 2013, so I really understood the challenges, frankly, that Black and brown founders faced," Solomon said.
Catching you up on the stories you need to know this morning, mass shooting victims testify on Capitol Hill, the White House outlines its plan to vaccinate kids younger than five years old, and we break down how to protect yourself from monkeypox.
There are now over 1,000 plant-based restaurants in the U.S. It's clear that people are hungry for vegan alternatives at restaurants nationwide. However, when it comes to pizza, vegan options don't have the best reputation. NUMU Food Group is looking to change that with its brand new vegan mozzarella. Mike Pytlinski, CEO of NUMU Food Group, joins Cheddar News to discuss.
Tattoo artist Katrina "Kat Tat" Jackson, famous for starring in the VH1 hit series "Black Ink Crew: Chicago," is also the first Black woman to own a tattoo shop in Beverly Hills. She joined Cheddar News to discuss her trailblazing work, the stigma BIPOC tattoo artists face in the industry, and the way the space has changed for artists of color since her start. "In the beginning, I remember walking into a tattoo shop just like, hey, I wanna learn, I wanna be a tattoo artist and kind of just being laughed at, not taken seriously," she said. "Even with the tattoo conventions, a lot of African American tattoo artists were almost scared to go to conventions because it's not a welcoming environment."
Jack Miller, Head of Trading at Baird, joined Closing Bell to break down how the Securities and Exchange Commission's proposals would change the landscape for individual investors, as they face stiff opposition from brokerages like Robinhood.
Robotics automation technology company Symbotic made its market debut on the Nasdaq via a SPAC merger with SVF Investment Corp. 3, a special purpose acquisition company sponsored by an affiliate of SoftBank Investment Advisers. Symbotic rang the Opening Bell at the Nasdaq to celebrate the occasion this morning. Its debut on Wall Street comes amid an urgent need for logistics solutions, as it aims to reimagine supply chains with its A.I.-powered robotic and software platform. Tom Earnst, CFO of Symbotic, and Vikas Parekh, managing partner at Softbank Investment Advisors, join Cheddar News' Closing Bell to discuss.
Michelle Castillo joined Closing Bell to break down Elon Musk's announcement to SpaceX employees that the Starlink internet business might not see itself as an IPO until 2025, Twitter planning to hand over the user data he requested as a condition of the acquisition, and Warren Buffet-backed Chinese EV company BYD stating it will be supplying batteries to Tesla "very soon."