Monthly Archives: May 2013

The HBCUpreneur Corner – Winston-Salem State University’s Steven Gaither & HBCU Gameday


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Name: Steven J. Gaither

Alma Mater: Winston-Salem State University

Business Name & Description: HBCU Gameday. HBCU Gameday is a media outlet dedicated to the coverage of HBCU sports. Our mission is to provide HBCU students, alumni and supporters with a media outlet that offers timely news updates and in-depth analysis of sports that HBCUs rarely receive.

What year did you found your company? 2012

What was the most exciting and/or fearful moment during your HBCUpreneur career? Being retweeted by Roland Martin for our coverage of a shooting that took place involving a student-athlete last fall. It meant a lot for a respected journalist like Martin to drive traffic to our fledgling site.

What made you want to start your own company? I want to tell stories that matter to me and to people like me in a way that is engaging and truthful.

Who was the most influential person/people for you during your time in college? The most influential people for me in college were my peers. They were so driven to succeed that it made me go harder so I wouldn’t get left behind.

How do you handle complex problems? Contemplation and prayer.

What is something you wish you had known prior to starting your company? I wish I had realized about the need for this type of media earlier, so I could have been developing my contacts and been further along in the process of achieving my goal.

What do you believe HBCUs can do to spur more innovation and entrepreneurship while their students are in school either as undergraduate or graduate students? I think entrepreneurship should be pushed as an alternative to seeking employment.

How do you deal with rejection? I keep moving. On to the next story. On to the next project. On to the next opportunity.

When you have down time how do you like to spend it? I’m a social media addict, which is actually a good thing since social media interaction is a huge component of HBCU Gameday.

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What was your most memorable HBCU memory? My best HBCU memories are mostly related to the work I did with the student newspaper, The News Argus. I got to meet a lot of interesting people, go to new places and see some exciting games.

In leaving is there any advice you have for budding HBCUpreneurs? I know it sounds like a clichés, but do what you love. Pursue your passion. If you make it your business to do what you love, you can’t fail. External success may not come as quickly as you’d like, your passion will propel you to success.

The HBCU Endowment Feature – South Carolina State University


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School Name: South Carolina State University

Median Cost of Attendance: $21 700

Undergraduate Population: 3 744

Endowment Needed: $1 624 896 000

Analysis: South Carolina State University needs approximately $1.6 billion for all of its undergraduates to attend debt free. The university is located just over 2 hours from Charlotte, NC and almost 4 hours from Atlanta, GA. Currently, it has approximately 0.3 percent of the endowment needed. There might not be a more “famous” board of trustees in HBCU nation over the past few years – some would prefer the word infamy. The board has lacked vision and cohesion for a number of years which has recently resulted in a significant turnover of the board. This occurring while new leadership was being brought in to head the day to day operations and lay out a new vision of the university. That amount of turmoil can make even the most loyal alum or friendly donor wary of giving. The new leadership must hit the ground running and create a concise, clear, and present vision that the school and its alumni can buy into both for morale and giving. South Carolina State University has produced 6 HBCU presidents from its womb so its DNA is something to behold. As the only public HBCU in the state of South Carolina with an African American population roughly 1.5 million, the university should and could be double if not triple its current size. Given that endowments and donations is largely a numbers a game, when you have a monopoly like South Carolina State University has you must exploit it. Also being the only public HBCU in the state means it is the only one with the ability to scale a graduate program to size and could use that moving advantage to pipeline the other 5 private HBCUs into its graduate programs where it could indeed produce more high quality donors. South Carolina State University is truly a diamond in the rough but showing what happens with poor leadership from boards and administrations that can hold back if not almost dismantle a storied institution. This storied institution has all the ingredients – leadership to be determined – to have unimaginable success. We will see what fate its future holds sooner rather than later.

As always it should be noted that endowments provide a myriad of subsidies to the university for everything from scholarship, faculty & administration salaries, research, and much more.

HBCU Money™ Business Book Feature – Forbidden Creatures: Inside the World of Animal Smuggling and Exotic Pets


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On the heels of his acclaimed The Dangerous World of Butterflies, investigative journalist Peter Laufer is back to chronicle his worldwide quest to penetrate the underworld of international animal smuggling. In Forbidden Creatures, Laufer exposes the network of hunters, traders, breeders, and customers who constitute this nefarious business—which, estimated at $10 to $20 billion annually, competes with illegal drug and weapons trafficking in the money it earns criminals.

            Laufer asks: What is being smuggled, from where and why? What is being done to stop the illegal trading and irresponsible breeding? Taking readers to exotic and often lawless locales, Laufer introduces brazen and dangerous traders and wealthy customers whose greed and mindless self-interest perpetuate what is now a crisis of survival for a growing number of wild species.

            Woven throughout with riveting stories from law enforcement officials and federal prosecutors, Forbidden Creatures is a compelling, first-person narrative written in Laufer’s hallmark conversational, entertaining style.

HBCU Money™ Dozen Links 5/13 – 5/17


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Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week. HBCU Politics™ our sibling publication will be taking over the political and government happenings so be sure to visit them at http://www.hbcupolitics.com for their release if you miss it.

Research

Navy Pier (Chicago) getting upgrades to let more people enjoy the lakefront views l IL-IN Sea Grant http://fb.me/2oiQjnbMj

Managing pastures after drought l KY Equine Research http://ow.ly/kxp0p

Graphene layers dramatically reduce wear and friction on sliding steel surfaces l Argonne http://ow.ly/l9a8d

Air science research and air sensors work l EPA Research http://ow.ly/l9baP

Computer Aided Management of Emergency Operations (CAMEO)-A Staring Role in Chem Emergencies l EPA Reserach http://1.usa.gov/12yq0DG

Newly discovered volcano in Behm Canal, Alaska! l Alaska Sea Grant http://fb.me/A4Ym4f3q

Federal Reserve, Central Banks, & Financial Departments

Economic Lowdown video series; topics include supply and demand, as well as the labor market l St. Louis Fed http://bit.ly/14wQuVW

Senate Finance Committee will probe IRS’s tax-exempt status policy l Floor Action http://bit.ly/10Wyc2h

House votes to rein in SEC regulations l Floor Action http://bit.ly/14d83uK

How to make the best real estate investment l Housing Wire http://hwi.re/3Ng75V

Treasury removes #sanctions on Iraqi bank following a verified significant change of behavior l Treasury http://ow.ly/l9fOy

Teachers: Register by June 1 for Heifer International workshop in Little Rock on June 7 l St. Louis Fed http://bit.ly/13B1wuy

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.

The HBCU Money™ Weekly Market Watch


Our Money Matters /\ May 17, 2013

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $5.98 (0.33% DN)

Radio One (ROIA) $2.40 (1.27% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  202.65 (3.22% UP)

Botswana Stock Exchange (BSE)  8 647.10 (1.05% DN)

Ghana Stock Exchange (GSE)  1 839.41 (53.32% UP)*

Nairobi Stock Exchange (NSE)  126.75 (N/A)

Johannesburg Stock Exchange (JSE) 41 413.44 (0.03% DN)

International Stock Exchanges

New York Stock Exchange (NYSE) 9 543.85 (0.57% UP)

London Stock Exchange (LSE)  3 547.38 (0.57% UP)

Tokyo Stock Exchange (TOPIX)  1 253.24 (0.64% UP)

Commodities

Gold 1 361.90 (1.80% DN)

Oil 95.93 (1.92% DN)

*Ghana Stock Exchange shows current year to date movement. All others daily.

All quotes reported as of 2:00 PM Eastern Time Zone