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The son of legendary singer Isaac Hayes has made history by becoming the first black entrepreneur to raise $10 million in crowdfunding.
Atlanta-based tech entrepreneur Isaac Hayes III recently announced on Instagram that his social media platform, Fanbase, had raised $4.5 million in its latest equity campaign, boosting its total capital to $10 million, the Atlanta Journal-Constitution reports.
Fanbase allows users to connect through video, audio, and photos and also allows users to generate funding for content.
Hayes, who started his career as a music producer before going to tech, raised much of his funding through the JOBS Act, which allows citizens to invest in small startups.
"We're not just building a product; we're growing a community- driven ecosystem where every voice, every creator, and every supporter shares in our collective success," Hayes said in a statement.
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