Pharrell Williams’ $1 Billion Plan For Black And Hispanic Entrepreneurs
Forbes・2 minutes read
The speaker discusses the importance of supporting Black and Brown entrepreneurs through initiatives like Black Ambition, aiming for equity, not just equality, in funding, with a goal of reaching over a billion in capital by 2030. They highlight the need for genuine support and investment in these communities beyond performative gestures seen after George Floyd's death in 2020.
Insights
- Black Ambition is a program focused on providing capital and support specifically for Black and Hispanic entrepreneurs, aiming to achieve equity, not just equality, for their ideas.
- The initiative was born out of a recognition that many corporate pledges for racial equality post-George Floyd's death may have been more about marketing than meaningful change, underscoring the importance of dedicated efforts like Black Ambition in supporting historically marginalized communities.
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Recent questions
What is the Black Ambition initiative?
A support program for Black and Brown entrepreneurs.
How did the speaker learn about entrepreneurship?
Through making money and meeting successful entrepreneurs.
What is the goal of Black Ambition by 2030?
To reach over a billion in funding.
What is the focus of Black Ambition?
Achieving equity for Black and Brown ideas.
What inspired the creation of Black Ambition?
The need for genuine support after George Floyd's death.
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Summary
00:00
"Black Ambition: Supporting Black and Brown Entrepreneurs"
- The speaker congratulates the audience on the third Black Ambition demo deck.
- The initiative aims to support Black and Brown ideas and entrepreneurs.
- In 2020, after George Floyd's death, companies pledged billions for racial equality, but much of it seemed like marketing.
- The focus is on achieving equity, not just equality, for Black and Brown ideas.
- The speaker emphasizes the historical contributions of Black and Brown ideas, like the pyramids and GPS systems.
- The speaker didn't initially know about entrepreneurship but learned through making money and meeting successful entrepreneurs like Slim Thug.
- The speaker reflects on the impact of hip-hop at 50 and the increasing opportunities for Black and Brown ideas.
- Black Ambition aims to provide capital and support for Black and Hispanic entrepreneurs, with a vision to reach over a billion in funding by 2030.
