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Steph and Ayesha Curry named advisers to pledge to invest over $10 billion in Black women

Stephen and Ayesha Curryare joining the advisory council for Goldman Sachs' One Million Black Women initiative, Axios is first to report.

Why it matters: The initiative has committed to invest more than $10 billion in Black women over the next 10 years. It comes as banks and large companies are increasingly putting money behind rhetoric about advancing racial equity.

What’s new: Goldman hosted 17 listening sessions and heard from more than 10,000 Black women, in order to guide investment decisions.

  • The advisory council will conduct its first meeting on May 17 to offer recommendations for the initiative’s first set of investments.
  • The bank will announce the first investments shortly after.

What they’re saying: "The One Million Black Women initiative has, from the start, worked to listen to the ideas, concerns, and aspirations of Black women,” says council member Valerie Montgomery Rice, who also serves as president and dean of Morehouse School of Medicine.

  • “The $10 billion investment will allow for more Black women to realize their full potential and become the economic drivers we know they are.”

Go deeper on the fight to equalize "Black Womenomics."

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Why the startup world needs to ditch "unicorns" for "dragons"

When Aileen Lee originally coined the term "unicorn" in late 2013, she was describing the 39 "U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors."

Flashback: It got redefined in early 2015 by yours truly and Erin Griffith, in a cover story for Fortune, as any privately-held startup valued at $1 billion or more. At the time, we counted 80 of them.

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Why it matters: The changes could reduce traffic to some news publishers, particularly companies that post a lot of political content.

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