Saturday, October 21, 2023

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30 Under 30 Local 2023: Miami - Forbes   

Miami is a city that knows hustle and bustle. Besides busy boardwalks and an undeniable taste for nightlife, this megalopolis boasts a thriving startup ecosystem. The young talents in Miami are seizing opportunities in cutting-edge industries like AI, cryptocurrency and virtual reality. Like many places, Miami leans male-dominant in its startup scene: Reports show that in 2022, less than 1% of all-women teams in South Florida received venture capital funding. Still, the women on our first-ever 30 Under 30 Local Miami list have persevered. The entrepreneurs on our list are collectively projected to generate nearly $300 million in revenue by the end of this year. Meet the 2023 class of the 30 Under 30 Local Miami List.

Edrice Femi “Bam” Adebayo is a 26-year-old professional basketball player who helped take the Miami Heat to the 2020 and 2023 NBA Finals. He is a two-time NBA All-Star and an Olympic gold medalist who played on the U.S. Olympic basketball team in 2020. A Flintstones fan as a child, he got the nickname Bam after mimicking Bamm-Bamm Rubble by flipping over a coffee table while watching the cartoon. Adebayo attended the University of Kentucky before being drafted into the NBA in 2017. He is among three Miami Heat players to record at least 20 playoff double-doubles—the other two are Dwyane Wade and LeBron James. Adebayo launched the Bam, Books & Brotherhood (BBB) foundation in 2017 with an aim to change the lives of single mothers like his own. The BBB Foundation hosts toy and food drives and youth clinics, and has helped more than 7,500 families to date.

Kingsley Advani is the founder and CEO of Allocations, an AI-powered fund administration platform, which has serviced more than $1 billion in assets across 1,400 private funds. Allocations offers products that assist fund managers in creating special purpose vehicles (SPVs). These enable fund managers to raise capital from multiple investors through a single investment. Advani, who has been investing since he was 19-years-old and has since made more than 200 angel investments, got the idea when he was hitting roadblocks in setting up his own funds. Allocations generated $5.5 million in revenue last year.

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