Entrepreneurship 101
This term refers to the practice of building a company using only personal savings or revenue from the business itself, without outside investors or loans.
What is Bootstrapping?
FAMU was founded on this date in 1887, opening with just 15 students and 2 instructors.
What is October 3, 1887?
As of the 2023 Annual Business Survey, the number of Black-owned employer firms in the U.S. reached this figure.
What is 200,885?
This short, persuasive speech about your business idea should be deliverable in the time it takes to ride an elevator — usually 30 seconds to 2 minutes.
What is an elevator pitch?
FAMU's marching band, famous for its precision and energy, goes by this nickname.
What is the Marching "100"?
Black-owned businesses generate this much in total annual revenue, contributing 4.6% of U.S. GDP.
What is $1.7 trillion?
This type of individual investor provides early-stage startup capital in exchange for ownership equity or convertible debt, often filling the funding gap between friends-and-family money and venture capital.
What is an angel investor?
This FAMU alumnus and engineering grad co-founded Rainforest Films and went on to produce blockbuster films grossing over $1 billion.
Who is Will Packer?
As of 2024, Black women-owned businesses generated this much in total revenue, according to Wells Fargo's Impact of Women-Owned Businesses report.
What is $390 billion?