Bowman knows all about raising funds, as she had to do that to build an app for her company, Official Black Wall Street. This app alone cost about $50,000; to gather funds, Bowman launched a Kickstarter and raised funds over 30 days. Over the past year, she has begun to request and receive grants, as one of the most important things for her was to keep as much equity as possible.
On the other hand, Scott—founder of Jam + Rico, a jewelry company that celebrates her Jamaican and Puerto Rican heritage—worked with other entrepreneurs and gathered advice from mentors about raising funds. As she began to pivoting to the fine jewelry sector, Scott received a grant to move into this space in the jewelry industry.