Rapid Response: Finding untapped value in multicultural consumers, w/Blavity CEO and AfroTech founder Morgan DeBaun
Masters of Scale
WaitWhat
4.6 • 4.4K Ratings
🗓️ 19 January 2023
⏱️ 39 minutes
🧾️ Download transcript
Summary
While media companies from CNN to Buzzfeed have faced layoffs, one digital network focused on Black millennials has continued to forge ahead. Morgan DeBaun, CEO of Blavity, which reaches some 100 million users through brands like Travel Noire and Afrotech, has defied the odds — repeatedly. Morgan’s experience offers lessons about financial discipline and focused patience, as well as the untapped value in multicultural consumers. An adviser to big companies like American Airlines and an advocate for the Black tech community, Morgan illuminates how openness and opportunity reinforce each other, for enterprises at all scales.
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Transcript
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| 0:00.0 | Hey listeners, it's Katie Clark Gray, one of the senior writers on Masters of Scale. |
| 0:04.6 | One of my favorite parts of working on this show is discovering unconventional theories |
| 0:10.3 | of what it takes to scale. |
| 0:12.3 | And as we've seen in your reviews, this element of surprise is one of your favorite aspects |
| 0:16.7 | of the show too. |
| 0:18.3 | So with that in mind, I want to recommend a new podcast that I think you'll love. |
| 0:22.9 | It's called Rethinking and is hosted by our friend, Adam Grant. |
| 0:27.3 | You might know Adam from his work in organizational psychology, or you might recognize his name |
| 0:32.0 | as a previous Masters of Scale guest. |
| 0:34.6 | He has an incredible mind. |
| 0:36.6 | And in his new podcast, Rethinking, he interviews some of his favorite thinkers in the world, |
| 0:41.6 | like Mark Cuban, Celeste Eng, Reese Witherspoon, and Alex Arnold, about the assumptions that |
| 0:46.7 | they're challenging and the mindsets that have made them successful. |
| 0:49.9 | It's worth checking out. |
| 0:52.0 | So search for rethinking in your podcast player and give it a listen. |
| 0:56.0 | Now, on to the show. |
| 0:58.0 | I started my business at 24 by every single statistic in America. |
| 1:03.7 | I should not exist. |
| 1:04.7 | Right? |
| 1:05.7 | I'm 411. |
| 1:06.7 | I'm a woman. |
| 1:07.7 | I'm black. |
... |
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