How to be a New Media Entrepreneur with Fred Mwangaguhunga
Fred Mwangaguhnga, Founder of Mediatakeout.com and one of the most successful entertainment websites on the internet, breaking exclusive urban celebrity news joins Enterprise Radio to talk about how to be a new media entrepreneur.
Listen to host Eric Dye & guest Fred Mwangaguhnga discuss the following:
- You left a high paying job on Wall Street to follow your entreprenuial instincts, what would you say to those who are on the verge of doing the same thing?
- What are 3 things you should consider before starting your own business?
- How lucrative can online blogs be? (Can give estimate) and how do you make money from advertisements?
- Do you have any new projects you are working on?
- How do you handle competition?
- What is one thing you wish you knew when you were first starting out as an entrepreneur?
- What book should every entrepreneur read?
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 business man 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 50 million monthly visitors, beating out it’s competitors by consistently generating 10 times the traffic they produce. MTO is now the second highest video content publisher on all of Facebook, coming in right after Buzzfeed. 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. He has also began to dive into the world of venture capitalism and investing.