Category Archives: Entrepreneurs

The HBCUpreneur Corner – North Carolina A&T’s Asaad Thorne & Urban Argyle, LLC

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Name: Mr. Asaad Thorne

Alma Mater: North Carolina A&T State University

Business Name & Description: Urban Argyle, LLC. We use clothing as a innovative means to create socially conscious statements.

What year did you found your company? January of 2009

What was the most exciting and/or fearful moment during your HBCUpreneur career? The most exciting moments were my first time launching a blog and online store. Oh, and also seeing something I created on national television. The most fearful moments come ironically when I get closer to my goals. It’s scary sometimes when you’re about to get something you’ve been working for.

What made you want to start your own company? I wanted to start my own company because I wanted to create and develop something that was at one time just completely an idea. The fact that something as small as a thought can undoubtedly become a reality (no matter what) is crazy to me. To me, entrepreneurship is truly the strongest way to create anything there is you’d like to create.

Who was the most influential person/people for you during your time in college? The most influential people to me was a close friend who was also SGA President at the time who consistently broke barriers. Terrence J is a huge inspiration to me because our backgrounds are similar with high school, college, and NCA&T SGA. Lastly would be my two very close friends Adrianne Stevens (pictured below) and Alexandria Pierce. During a hard time they let me live with them and monopolize their laptops to actually create my business. They believed in me when I didn’t believe in myself and were the reason I could start a business eventhough I was a homeless student with no internet. They were murdered two years ago but I always make it a point when I feel tired or lazy to honor the faith they had in me.

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How do you handle complex problems? The worst thing you can do is shut down. I start with reminding myself that this situation is going to be here whether I choose to deal with it now or later. Then if it’s really bad I consider the worst way it could potentially turn out and accept it. Then, I think of the best potential way it could turn out and make it my reality. Then it’s just a matter of breaking it down to simpler parts until it starts to make sense.

What is something you wish you had known prior to starting your company? I wish that I’d known that there is no secret formula to running a business. Every “best” business practice can be challenged and proven to be a “worst” business practice. I spent a lot of time looking for the “secret” to entrepreneurship but it’s nothing more than staying committed to a purpose until it’s sought through. There is no way possible to know exactly the twists, turns, and opportunities that come your way so it’s best to make a couple broad, short-term goals and many, many, many small and basic short term goals as you go along.

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 believe that internships with alumni who are entrepreneurs would be genius. In the fashion industry, there are many unpaid interns who pay their dues as a means of respect to grow. If HBCUs could mirror this concept, alumni would have access to more resources in support and undergrads would get experience so both would grow. Experience is the only way to grow in entrepreneurship because it is more competitive than any other field.

How do you deal with rejection? I find another way. One of the first things you have to understand is that business is not a game and it’s not personal. It’s business. If you haven’t been rejected then you haven’t done anything. In fact entrepreneurship is all about finding a “way around the no’s”.

When you have down time how do you like to spend it? Trying to shut my brain down. It’s hard not to think or work on things sometimes but you also don’t want to burn out. It all depends on working styles. Sometimes I lock myself away for a little while, maybe a weekend and just work. But if I do I make sure to take a few days off after. Life would be great if I could spread my productivity a little more evenly but I haven’t mastered that yet.

What was your most memorable HBCU memory? I organized a commemorative march using clothing to fund raise for the International Civil Rights Museum in Greensboro, NC. Hundreds of people came and there was news coverage. That’s when I realized any idea is possible.

In leaving is there any advice you have for budding HBCUpreneurs? The best piece of advice I’ve been given by one of my mentors is to “Grow slowly”. Sometimes we want to do a million different things because we see the long term goal we want but growing extremely fast is almost always followed with falling completely fast. It takes time, dedication, and commitment to start to see lasting results. Think of it a seed planted. No matter if I water it 5 times a day or 50 times a day there’s still some growth that has to happen completely independent of my influence.

But most importantly, enjoy the small victories. Celebrate everything, it keeps the motivation going. Be able to say “Made a million dollars today!” with the same level of excitement as saying “Responded to an email! Woo!”

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Visit Urban Argyle’s flagship Proud Product at http://www.proudproduct.com or head straight to their store at http://proudhbcuproduct.bigcartel.com/  to see the latest offerings.

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African America’s Film Industry Should Look To Our Brethren In Nigeria

By William A. Foster, IV

I do not expect white media to create positive black (male) images. – Huey P. Newton

At the beginning of 2012 the release of a certain movie (remake) loosely based on historical facts created a civil war of sorts within African America. It had an all African American cast and African American director but was owned ultimately by a European American named George Lucas, net worth of $3.2 billion and creator of Star Wars franchise, and even more importantly distributed by an European American owned company that we all love to hate News Corp. (owners of Fox News). I’m sure Rupert Murdoch is thanking all of you who went out and supported the film as he can now pay Sean Hannity and Bill O’Reilly to stay on the air for a few more years. How many of our minds did that cross? African American supporters of the film drastically outnumbered the dissenters but most arguments in support were superficial much like measuring progress by the ability to sit at the front of the bus (instead of owning the bus company) or my favorite sign of progress African American athletes making millions (only 1 of the 92 major sports owners is African American meanwhile over 60% is African American labor). To succeed in capitalism you don’t need hard work or a lot of talent quiet as it’s kept. You need to understand two concepts and those are ownership and domination of as much of the economic food chain as possible. That is to say you need to be as close to a monopoly as legally allowed or that you can lobby to politicians to look a blind eye to. The monopoly can also be a certain Diaspora controlling the majority of an industry. An example would be the way Koreans have come to dominate the African American hair care industry. Apparently, according to many of us though you have to fight to sit at the front of the bus before you can think of owning the bus company. Imagine that.

As for Hollywood, every institution has a purpose. Every institution is owned and/or controlled by a certain Diaspora. Hollywood is an institution. Let me say again – Hollywood IS an European American institution. What is Hollywood’s purpose? Have you ever wondered why so many around the world want to come to America? Where do 60% of Hollywood’s profits come from? It comes from non-US markets. European America is “exporting” an image of paradise, its values, its idea of democrazy, and opportunity despite as we see in “America Builds an Aristrocracy”  that America is just as much an aristocracy as many other countries we claim to be anti-democratic and anti-opportunity. The social capital entertainment and movies generate make as Kanye said in his song All Falls Down “cause they make us hate our-self and love they wealth” makes many non-Americans desire for the perceived windfall of American opportunity and riches instead of staying and building up their country and its institutions. America benefits by ciphering some of the world’s best talent to become labor in its universities and businesses while maintaining a dominant European American ownership of these institutions. A domination that certainly seems to be crumbling to Asia and China more specifically but that isn’t to say they are falling far. A movie is of course more than just a story on a screen. Its shapes viewpoints and cultures. We know simplistically speaking it is why European American women have become the most desired women in the entire known world. Entertainment in general does this which is why we also see hip-hop’s presence abroad so impactful and now kids all over the world are break-dancing and have even become rappers themselves and yet African America owns and controls a marginal piece of hip-hop at best. Now, if you want to keep a people psychologically dependent and desiring to assimilate then you can’t give them strong images of themselves like stories of Black Wall Street and Harriet Tubman. Imagine that.

Nigeria has created Nollywood, which as of 2009 has become the 2nd largest film producer in the world behind Bollywood in India. Now while I personally could do without the knock-off Hollywood names they give themselves I can appreciate their desire to cultivate an industry of their own that represents them on the big screen and not waiting for Hollywood to do so. Even more so it provides counter social weight to the depiction of what it means to be a Nigerian and African which can be depicted and usually is in a negative light from Hollywood who has their own social idea of what Africa is. What is even more amazing is the number of African American actors going to Nollywood to star in films. The likes of Vivica Fox, Hakeem Kae-Kazim, Tom Sizemore, Michael Madsen, and even Kimberly Elise. That is what you call true African Dispora social and economic capital circulation. Franco Sacchi, director of documentary This is Nollywood, states that it has created tens of thousands of jobs and the industry is expanding and that Nigerians have complete control of the cinematic medium. Imagine that.

We are so romanticized with the idea of ONE America sometimes I’m convinced we will forsake our own interest to advance this ideology despite the reality that no other group practices it. We are like a child playing on the playground that sees the rules of the game written down and realizes that nobody else is playing by them so we spend all of our time trying to get the other players to play by them – so much so that we always end up coming in last. Our inability or indifference in dreaming of a world where we are masters of our own fate for the sake of a “united” America despite the fact that all other groups have shown through policy and action no desire for this to truly happen and honestly why should or would they? Is it because it is the “right” thing to do? By whose definition are we using for right or for determining morality? These are things that simply vary too much from culture, gender, ancestry, and others to have some universal meaning. And while some will argue me down there can be an agreed upon definition – do me a favor and don’t hold your breath waiting on it to happen. I’ve said it before and I’ll say it until I die (I might even get it etched on my tombstone) that no group of people in power in the history of mankind has ever voluntarily relinquished any of its power for the betterment of other groups. We get mad at groups who seek to protect their power and its self-interest ultimately because we refuse to do so. If we would spend more time doing the same we would have made real inroads to building up our institutional power as a people by now and not this as Malcolm said in jest “Progress is sitting next to white folks on a toilet” nonsense. Imagine that.

The answer is not magic. It’s simply pursuing vertical integration and ownership. This would give us a counterweight to the caricatures of how we are presented in Hollywood. As opposed to waiting on others having some moral awakening and treating us “fair”. I’ve heard the arguments well of course they have their own country in Nigeria so it’s possible. Is there something stopping us from building our own Nollywood in Atlanta? New York? Richmond? Is there not land we can buy and build? Control the medium as Mr. Sacchi stated from script to production to screen. Simply put there is no reason we can’t control the vertical integration of our movie industry from script to screen (even the vendors who serve the coffee and food on set). This would be true circulation of the African American talents and dollars. Pick any industry and repeat. Too often we are slaves to what is and don’t allow ourselves the freedom to imagine what could be. Yes, imagine that.

Dwayne Wayne And Ron Johnson Dropped The Ball – HBCUpreneurship

By William A. Foster, IV

The more an idea is developed, the more concise becomes its expression; the more a tree is pruned, the better is the fruit. — Alfred Bougeart

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What if Sergey Brin and Larry page, founders of Google, went to Hillman? Would Google still have been created? Yes. Would they still become billionaires? Probably not. The two men combined are worth an estimated $37.4 billion. Their combined fortunes are greater than Harvard’s endowment, almost 30 times the size of all HBCU endowments, and over 90 times the size of all HBCU research expenditures combined. The last being vital because it was the very thing that allowed the two men, PhD research students at Stanford, to create the search engine that is now a verb. Instead, it could be argued they would end up creating a great new search engine and selling it for pennies on the dollar to Microsoft. Ensuring of course that whichever one (ended up being Dwayne) and wanted to work for said company would have secured themselves employment. Notice, I said very distinctly employment and not ownership.

It is in one of the final episodes of the legendary show “A Different World” Ron Johnson or Ron, the loveable sidekick and best friend of Dwayne Wayne, and ironically the one who has the most entrepreneurial spirit of all the characters on the show comes up with a video game concept that helps children learn. It is no coincidence that him growing up with a father who owned a car dealership inspires his constant risk taking, so the entrepreneurial bug pops up constantly throughout his time at Hillman. One of the more classic Ronpreneurial moments is when he and Mr. Gaines, who ran The Pit at the student center, purchase a nightclub together. An all too typical expression of African-American entrepreneurship and one that has little to no substantive impact. Dwayne Wayne on the other hand is the math genius who seems destined to “succeed” by programming amazing products for the likes of Kenishewa. In fact, in the episode this is exactly what happens as Dwayne takes Ron’s concept and uses his programming skills to bring the game to life. Dwayne tells Ron about bringing the concept to fruition and in the excitement Ron excitedly says “this could be the start of Wayne & Johnson”. For all of Dwayne Wayne’s brains his entrepreneurial IQ never got past zero. He never hesitated to cash in for the short-term payday, subsequently putting his friendship with Ron in jeopardy for not acknowledging it was his idea,  and never once thought about the long-term wealth and institutional impact their own company could have. The brains of these two men would have been the perfect balance that business relationships often need. Ron’s ability to create ideas, generate sales, and risk taking balanced with Dwayne’s ability to bring ideas to life, analytical strategy, and risk aversion would have made for an absolutely powerful business combo. Now, instead of this being the launching of a software company Dwayne Wayne runs with Ron’s concept develops it and simply sells it to Kenishewa and secures a job. Ownership? None. Paycheck? Sure. Bigger picture? Missed.

What could have been? One could ultimately imagine a very successful software company (See Google, Baby Einstein, Electronic Arts, or Microsoft) being born out of the Wayne & Johnson partnership. Years down the line Wayne & Johnson would be giving internships and employment opportunities for Hillman students and donating hundreds of millions back to Hillman for a new research facility, new stadium, higher faculty salaries, and scholarships to reduce Hillman student debt loads. Oh did I mention Wayne & Johnson becomes so successful that they end up acquiring Kenishewa?

No matter a student’s academic department at their HBCU there should be an entrepreneurship class specifically designed for their major and/or department that teaches them how to turn their major into a business that they can take back to our communities and build. From mathematics, engineers, psychology, and beyond every single major should be able to understand how to transform their entity into a business that they own and/or co-own. They should also be able know how to cross-pollinate with other majors. Biology major meets engineering major? What do they create? Behold a bioengineering firm. Mathematics meets sociology? I have no idea but the fact that the conversation is being had leads me to believe the brilliance in our students would come up with an answer and more important a company. We should not be producing labor but ownership as well from our institutions. Our HBCUs too often promote their “successful” students being those who go off and work for large European American companies (making their companies stronger and wealthier) while the masses of their students wait exorbitant amounts of time searching for employment hoping to become an affirmative action quota. It is ownership which will bring down our unemployment rate which is always double the national average, it will help close the wealth gap, provide the wealth to influence the political system in our favor instead of always begging for favor, and pump much-needed infrastructure capital back into our HBCUs and communities so we can compete. We know that when America catches a cold we catch pneumonia. If the latest AP report shows that 50% of recent graduates are unemployed or underemployed what do you think that number is for HBCU recent graduates? It is time for us to do for self as we know our ancestors did in places like Tulsa, Rosewood, and countless other African-American towns across this country. We can compete but we have to compete to be more than just labor. I’ve always said and continue to say capitalism doesn’t reward hard work. It rewards the ownership of hard workers.