Business
Isaac Hayes III makes history as first Black entrepreneur to raise $10 million in crowdfunding
Isaac Hayes made history as the first Black entrepreneur to raise an impressive US$10 million in crowdfunding.
His subscription-based social media platform Fanbase announced crossing the US$4.5 million threshold in its latest equity campaign on October 30. The financial boost elevated the company’s total capital by just over eight figures.
“I am the first Black person to raise US$10 million in Reg CF equity crowdfunding,” Hayes III wrote on Instagram this past Tuesday (November 7).
In a press statement, the tech entrepreneur shared, “Equity crowdfunding is our way of inviting the Fanbase community to own a piece of the platform they believe in. We’re not just building a product; we’re growing a community-driven ecosystem where every voice, every creator, and every supporter shares in our collective success.”