By Dana Sanchez
In 1999, shortly before the 2000 dot-com bubble burst and so many tech firms went away, Silicon Valley original Clarence Wooten beat the odds on so many levels.
Wooten sold ImageCafe.com, the tech company he co-founded, for $23 million. He describes it as “the world’s first superstore of prefabricated websites.”
Against the odds, Wooten has succeeded in an environment where African Americans have been unsuccessful at raising enough capital to scale — “to really sustain a business and allow a business model to take hold and begin to explode,” he said.
The ICO game has the potential to change that, Wooten said. Two of his latest enterprises — STEAM Role and RoleCoin — employ the blockchain and crypto.
“If you can tap into crowdfunding and incentivize an entire community to get them rallied around your business and investing in your token, and that gets you to scale capital you need, I think you’ll begin to see more Black-led unicorn companies,” Wooten said during a GHOGH podcast with Click here to read entire article