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December 27, 2022

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Filipino teenager Given Mendoza turned her fangirling into a business. As a K-Pop fan, she loves collecting merch of her favorite Korean pop idols. 

Given realized that these items can increase in value. She then found a way to earn by reselling them and worked on growing the business.

With the business’ great potential, the 13-year-old launched her online store, G’s KPop Kilig, “I decided to buy some albums for myself. I also bought some extra albums to sell, to see if I can earn profit,” she told the local news.

Later on, she was able to save enough to open a physical store in Baguio City, Philippines, and sells milk tea and K-Pop merch. As an “Army ”of the popular Korean group BTS, she also incorporates some inspiration to her milk teas.

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Jo Koy Makes History As The First Ever Comic Main Attraction At T-Mobile Arena

After Jo Koy’s recent successes, including the release of his two wildly popular Netflix specials,” In His Elements and Comin’ In Hot”, and the publication of his autobiographical debut book, entitled “Mixed Plate: Chronicles of an All-American Combo”, he is set to star as the first comic main attraction at Las Vegas’ T-Mobile Arena on November 19.

This year, the Filipino-American actor-comedian embarked on his first nationwide arena tour for Easter Sunday, a feature film based on those personal anecdotes and his other comedic content that hit theaters which also starred Lydia Gaston, Eugene Cordero, Tia Carrere, and Lou Diamond Philipps. 

It was a life-changing experience for the 51-year-old, and he plans to continue creating films from behind the camera and helping other Filipinos, Asian Americans, and artists from different races.

Jo Koy first experienced comedy while still a student in Las Vegas and will return to the same city to fulfill his dream of becoming the first primary comic attraction to play at T-Mobile Arena.

“When I play T-Mobile Arena, I discover that I’m the first cartoonist to ever do it, which is sort of cool,” he told Las Vegas Magazine, “There are other venues in Las Vegas, including some very large ones, but T-location Mobile’s right on the Strip has a unique appeal,” Jo Koy adds.

He also mentioned that performing at arenas and other famous places abroad is beyond anything he could have imagined and that the realization of it drives him crazy.

After finishing the book and movie he’s been working on for several years, Jo Koy said that the process was challenging because there were many obstacles and firsts to tackle; it was the first time a Filipino actor portrayed the main character in a Hollywood production. He felt good about himself and appreciated Dreamworks and Universal for helping him.

“I want to keep creating. I want to highlight the other talent that is out there because I have been addicted to being in front of the camera,” Jo Koy continued, “Knowing how difficult it was for me, I want to keep the door open and showcase more potential, not just Filipino talent but talent from other countries and races that want to be recognized — I want to see what I can do to help make it happen.”

Jo Koy also disclosed that he has his eye on a number of up-and-coming stand-up comedians, such as Matteo Lane, with whom he is now working, Asif Ali, and JR De Guzman.

Image Source: Wu Tsai Foundation

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Brooklyn Nets Owners Launched The Largest Business Accelerator for Minority-led Startups

After George Floyd’s controversial death in 2020, growing VC investments in businesses founded by people of color became a top priority. According to Crunchbase, just 2.4% of VC financing between 2015 and 2020 went to Black or Latinx enterprises. Funding for black entrepreneurs quadrupled to $1.8 billion in 2021. This year, however, saw a sharp decline in investments in minority founders.

Entrepreneur and co-owner of the Brooklyn Nets, Clara Wu Tsai, launched BK-XL, the biggest business accelerator that aims to support 12 startups founded by Black, Indigenous, and other minority founders in 2023 by investing up to $500,000.

In an interview with The Associated Press, Wu Tsai stated that a shortage of finance is a major barrier to wealth growth for BIPOC businesses. She and her husband Joseph Tsai believe investing in BK-XL would be the greatest approach to overcome this challenge and generate wealth for the entrepreneurs and the jobs they create.

Wu Tsai stressed that she aims to highlight the underutilized entrepreneurial potential in Brooklyn to assist the neighborhood get back on its feet. She also thinks that BK-XL will demonstrate to the rest of the nation that investing in Black businesses pays off and is a smart move.

She added that any money made from investments in the BK-XL startups will be put back into Brooklyn-based companies. “The best way to demonstrate our faith in Brooklyn and Black-owned businesses,” she continued, “is to invest in them and demonstrate to the rest of the world that they are wise financial decisions.”

Prior to the release of BK-XL, Tsai’s Social Justice Fund also introduced “EXCELerate” last year, which offered no-interest loans to Black-owned small companies in need of assistance in order to recover from the closures caused by the COVID-19 pandemic.

As part of her strategy to leverage a combination of investments and donations to achieve goals for the neighborhood, she stated that BK-XL will shortly be followed by a philanthropic grant program to assist other businesses in Brooklyn.

All Brooklyn-based, BIPOC-led firms may submit a BK-XL application starting on December 5. But only companies in industries where the Tsais have the expertise, like e-commerce, will be approved.

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Pandemic Turns Filipino Actor Ken Chan Into A Serial Entrepreneur

Ken Chan, a 29-year-old Filipino actor, proves that the pandemic has not only caused bad things but has also brought good fortune to some, being a celebrity-turned-entrepreneur after losing his job during the crisis.

Ken swiftly expanded his franchised iFuel gas station with 10 branches in different parts of the country in just a year. He also opened Cafè Claus, a Christmas-themed café, which has extended into three branches around Metro Manila, Philippines.

Nonetheless, he also braved the wellness industry with his Aromagicare Luxury Massage Chair. He mentioned that his triumph is also because of saving and spending wisely. 

Ken said he had taken to heart the financial lesson his parents had taught him wherein he learned not to overspend on himself.

During his recent interview, Ken said that he takes pride in the fact that he rarely makes purchases for himself and even makes the most of his cars while they are still roadworthy.

The actor realized during the pandemic that artists should secure their fallback in case they lose their jobs in the industry.

Image Source: Koury Angelo / Forbes

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Rejections Didn’t Stop Kinside CEO Shadiah Sigala To Reach A Stellar Entrepreneurial Career

Shadiah Sigala co-founded HoneyBook, a $2 billion financial management software platform for small businesses, motivated by her ability to negotiate uncertainty while gathering information and making decisions.

When Shadiah was a child, her Mexican mother together with her two siblings moved to southern California. Despite most of her family members being unable to attend college, she was an honor student whose lifelong ambition was to acquire the greatest degree of education.

Shadia attended Pomona College for Latin American Studies and Harvard Kennedy School for public policy. As a result, she established a strategy for reaching goals she wasn’t sure about.

Before becoming an accomplished millennial, she finished her master’s degree and became the highest-earning member of their family as a project manager at Aetna, a health insurance company, where she learned about entrepreneurship, realized she is a “builder,” and thought starting her own company was the best option.

However, Shadia realized that she wouldn’t be happy there since she wouldn’t be valued. Shadia ultimately started a personal chef business in 2010, using her Pomona College alumni network to find well-off grads who wanted someone to cook for them.

In 2012, another realization occurred to her that cooking wasn’t for her. Shadiah then decided to move with her then-husband to San Francisco and found tech. She arranged informative interviews with everyone in the sector and learned that the problem she wanted to tackle was one she’d experienced as a business owner: no effective method to handle backend logistics like emails, payments, and bills.

With the three Israeli business people who have a similar concern as hers, they decided to digitize all these tedious procedures that micro small firms must complete to free them up to genuinely focus on doing what they love.

Using that concept, Shadia established HoneyBook in 2013 and worked there for five years according to CNBC.

As her most recent business, Shadia co-founded Kinside in 2018, a child-care marketplace that is available to employees that offers new parents a centralized location to look for daycare in their neighborhood, which has reached over $16 million, according to Crunchbase. 

Letting fear and excitement be one’s guide and being open-minded is what Shadia advises to other aspirants. According to her, opportunities that “feel like they are beyond your pay grade” are exactly how stellar is made.