There is a crisis occurring in 12.3% of the American population, otherwise known as Black America. The crumbling economic infrastructure of the nation has impacted every industry, media included. As a former journalist who voluntarily resigned a position as Web editor of an award-winning daily newspaper (owned by Dow Jones Local Media Group and News Corporation) to pursue my own Internet startup, I am considered among many pioneers who are voluntarily or involuntarily transitioning from long-held careers to entrepreneurship and creative opportunities made available by the Digital Age. Online Opportunity The Internet has become the tool of choice for hundreds of millions to communicate and conduct e-commerce. It also serves a very low-cost, low-risk entry to entrepreneurship with extraordinarily high returns on investment. Consider some of the big winners: 7 years ago Skype was created: Bought by eBay two years later for2.6 billion. 6 years ago Facebook was created: Today it boasts more than 500 million users and owns 25% of the social ad marketing revenue worldwide. 5 years ago Youtube burst onto the scene: Google (still a growing toddler at the time, bought it for more than1 billion). 3 years ago Twitter created a paradigm shift in communications: Received22 million in funding in 2008 and35 million in 2009.
To read the full, original article click on this link: Mike Green: Innovation Crisis in Black America, Pt. 1
