Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Felecia Hatcher. Purpose of the Interview To spotlight Black Ambition, a national initiative founded by Pharrell Williams that funds and mentors Black and Brown entrepreneurs. To promote the upcoming Black Ambition Demo Day and Fundable Founders Forum in Miami. To inspire entrepreneurs by sharing insights on scaling businesses, accessing resources, and building wealth. Key Takeaways About Black Ambition Founded by Pharrell Williams to close the opportunity gap for Black and Hispanic entrepreneurs. Has invested in 131 companies over five years. Provides capital, mentorship, and holistic support (including mental health). Event Details Demo Day (Nov 14): Entrepreneurs pitch and receive funding. Fundable Founders Forum (Nov 15): Masterclasses with industry leaders like Steve Stoute, Nancy Twine, and Linda Clemens. Focus on actionable strategies, not just inspiration. Competition Structure Annual national competition with 2,500–3,000 applications. Categories include HBCU founders, national finalists, top prize winners, and people’s choice. Process: Applications → 250 semifinalists → 3-month cohort → Top 20–25 awarded funding. Challenges & Advice Many entrepreneurs fail due to rushed applications and lack of preparation. Success requires persistence: “Apply again” if you fail. Building a team is essential—Black Ambition does not invest in solopreneurs. Impact on Black Women Fastest-growing group of entrepreneurs but often limited by resources. Need to shift from solopreneurship to team-building for scalability. Pharrell’s Motivation Believes in democratizing opportunity. Inspired by those who invested in him early in his career. Goal: Close wealth and opportunity gaps quickly—“Wealth has a need for speed.” How to Get Involved Visit blackambitionprize.com and join the newsletter for alerts and resources. Past winners share insights in info sessions. Notable Quotes On closing gaps:“People are too comfortable wasting the time of Black entrepreneurs with misaligned resources and low vibrational mentorship.” On persistence:“If it doesn’t work on you in that moment, it works for you in that moment. Either way, it works.” On Pharrell’s vision:“Talent is not equally distributed by zip code, but opportunity can be.” On entrepreneurship mindset:“We have to start enjoying the process that molds us, not just say, ‘I didn’t make it, I’m upset.’” On Black women entrepreneurs:“They’re the fastest growing, but largely solopreneurs. We need them to think about building teams.” #SHMS #STRAW #BESTSee omnystudio.com/listener for privacy information.

Ver todos los episodios