When it comes to building a successful business, Walt Disney said it best, “All our dreams can come true, if we have the courage to pursue them.” In the early 2000’s, Fred Mwangaguhunga was a corporate attorney with entrepreneurial aspirations. Fred’s idea was to create an entertainment and celebrity news site focused on African Americans topics and celebrities. And since its founding in 2006, MediaTakeOut has grown to an audience of over 35 million monthly visitors. Fred talks about how he built his media empire, how MediaTakeOut has evolved since it’s early days, and his passion for helping African American entrepreneurs succeed.
About Fred Mwangaguhunga:
With a JD/MBA from Colombia University, accompanied by an intuitive knack for business, Fred Mwangaguhunga made his opening imprint in the work force by holding a paramount position as an attorney in the fast-paced world of Wall Street. Ensuing his success, Mr. Mwangaguhunga’s took hold of his entrepreneurial spirit, prompting him to found an innovative and resourceful door-to-door laundry service, where he served elite clients like Mariah Carey & The Victoria’s Secret Fashion Show. In due course of the business’ growth and popularity, a bevy of buy-out offers were continually submitted. After some time, Fred accepted an exit deal and placed his eyes on a new prize.
Today Fred Mwangaguhunga is a New Media Digital Entrepreneur and has been touted as a “rising star,” by The New York Times. The eminent businessman has managed to garner the attention of heavy-hitters in all spectrums of media and celebrity. His continuous snowball-growth can be attributed to his brain child, mediatakeout.com – presently the number one urban celebrity online news outlet.
Mediatakeout was founded in 2006, since then it has grown to an audience of over 35 million monthly visitors, beating out it’s competitors by consistently generating 10 times the traffic they produce. The sites draw-in lies in it’s ability to connect with it’s readers, providing content tailored to their keen interest, while delivering the news with an unrepeated, distinct humor.
INC. Magazine along with many others have credited Mr. Mwangaguhunga for building MTO into a “hugely profitable blog.” The New York Observer named Fred one of 2014’s “Top Media” people. He is frequently sought out to provide entrepreneurial advice and insight. He has appeared on Access Hollywood, Bravo with Andy Cohen, GQ, the Wendy Williams show, CBS Early Show, BET, Bloomberg Business Report, Sirius XM’s Sway in the Morning and featured in Crain’s NY Business, Newsweek, the NY Post, The Grio, and Black Enterprise among other top tier national outlets, discussing entrepreneurship, pop culture, entertainment news, digital business and celebrity gossip.
Currently, Fred is immersed in the process of expanding the MTO brand and is excited to unveil all of the company’s new developments. Fred, has also recently founded a non-algorithm based children’s streaming app, that prides itself on its safety and content for kids. He has also begun to dive into the world of venture capitalism and investing.
Hosted By: Joe Pardavila