Who Owns the Upside?

How Warren Thompson Turned Corporate Contracts Into a Black-Owned Hospitality Empire

Before Thompson Hospitality became a nearly billion-dollar business, Warren Thompson walked away from financing that would have cost him 85%…

1 week ago

Beyoncé Funded Cécred Herself. Now the Real Test Is Global Distribution.

Beyoncé financed Cécred herself rather than build around an outside investor’s agenda. As the haircare company enters the UK through…

2 weeks ago

Nairobi Won the 2029 World Athletics Championships. Now Comes the Ownership Test.

Africa will host the World Athletics Championships for the first time in 2029. The historic win puts Nairobi on the…

1 month ago

Memphis Barbecue Has Deep Black Roots. Who Owns the Business It Became?

Memphis turned smoke, pork and generations of culinary knowledge into one of America's most recognizable regional food identities. The deeper…

1 month ago

Jay-Z’s HBO Series Shows How Old Music Creates New Value

“JAŸ-Z in 8” arrives after a summer of stadium shows, anniversary activations and renewed attention around Jay-Z’s catalog. But the…

1 month ago

Harrison Barnes Is Turning $25 Million of NBA Earnings Into Bank Ownership

The San Antonio Spurs veteran put $25 million of his own money into an Iowa community bank. The bigger story…

2 months ago

Roblox Built a Creator Economy. Steal an Egg Shows Who Sets the Rules

Five years after Roblox was celebrated for letting young developers turn games into businesses, its hottest viral controversy reveals the…

2 months ago

The Lakers Gained $2.5 Billion in Implied Value in 14 Months. Who Captures That Upside?

The Lakers’ proposed $12.5 billion sale puts a striking number on the difference between helping create a valuable sports product…

2 months ago

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