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What Is The Newme Accelerator Program?

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What is the NewME Accelerator Program?

NewME is the New Media Entrepreneurship Accelerator. The program is to speed up the development and success of minority led startup businesses. The NewME accelerator houses 8 minority entrepreneurs who want to break the mold and enter into the Silicon Valley technology realm. They also help the entrepreneurs get to know some of the big time investors in the field. Also, open the doors to some of the most successful internet households’ names such as; Facebook, google, twitter, and etc.

1. What is Google 's Dragon 's Den? How would you describe the pitches the NewME entrepreneurs gave at this event? What feedback did the NewME participants receive there? How do you think that this feedback might …show more content…

This feedback relates to the establishment and operation of a business because if a person doesn’t create a good customer service environment, meaning, employees and management, the business can fold. Then will affect the next business that resembles the first one. That business will not get the customer because they think it is the same as the other business, just based on what the person looks like.

2. Why do you think that business investor Ron Conway says it might be harder for African-American entrepreneurs to be recruited by Silicon Valley investors? What do you think these investors should do, if anything, to encourage investment in minority-owned startup companies?

When Ron Conway said it might be harder for African American entrepreneurs to be recruited into this network of technology because it is the truth. In that realm, technology is ran by whites and Asians. African Americans are seen as invisible. He says it because there is nothing else he can say. The world is predominately whites. In this environment African Americans are not taken as seriously. The investors need to broaden their investment teams to be able to find minority owned startup companies. Ron Conway says the investors are more likely to meet with someone they know, or a friend of a friend before they meet with a new entrepreneur in the realm of technology. I think they should take new entrepreneur meetings

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