Pharrell Williams Inspires at 4th Annual Black Ambition Demo Day

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Last week I had the privilege of attending Pharrell Williams’ 4th Annual Black Ambition Demo Day in New York City, an event that celebrated the innovation and resilience of Black and Latino entrepreneurs. Hosted by Pharrell himself, the event was a testament to the power of community and the drive to create opportunities where they’ve historically been denied.

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Pharrell’s Powerful Words

Before the festivities began, Pharrell delivered a heartfelt and insightful speech that left the room inspired. He posed a challenge to everyone in attendance, saying:

*”Are you going to be mad that this didn’t turn out the way you thought it was going to turn out the way you wanted it to turn out?

Or are you going to build your own table where you decide who can come and sit at your table and you decide how big your chair is and you decide what kind of silverware you’re going to use that day?

What are you going to do? And the energy that is out there, yeah, it’s dark, but our ancestors went through worse. They went through worse.

We’re met with a lot of divisiveness, and you will hear comments, ‘Man, our ancestors went through worse.’ Listen, trust me when I tell you, be the sunlight that you want to see in others. Be the sunlight in the situation that you want to see. Be the sunlight that you want to see in the moments that light up where it just feels dark. Just be the sunlight. Trust me, the sunlight is the greatest disinfectant.”*

Pharrell’s words resonated deeply, encouraging entrepreneurs to persevere, innovate, and bring light into challenging situations.

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What Is Black Ambition?

Black Ambition is Pharrell’s non-profit organization focused on supporting Black and Hispanic entrepreneurs. The organization helps build groundbreaking businesses that will shape the future, offering critical resources, mentorship, and funding.

The annual Demo Day is the culmination of a 9-month journey that includes a national competition, mentorship programs, and pitch training. This year, more than $2.7 million will be awarded to finalists, including a $1,000,000 grand prize for the top venture.

Participants represent industries ranging from consumer products to AI, with the top 10 from the HBCU Pre-Accelerator Program joining national competition winners to form a cohort of dynamic entrepreneurs.

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A Day of Empowerment and Connection

The event also featured a panel conversation with Pharrell, where media and audiences had the opportunity to ask questions. I posed a question about balancing legacy-building with the challenges of systemic inequities, and Pharrell’s thoughtful response emphasized resilience and intentionality.

The day concluded with a vibrant networking reception, where Black Ambition founders, VIPs, and media mingled, celebrating the incredible achievements of the entrepreneurs and the promise of their innovative ventures.

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The Future Is Bright

Black Ambition Demo Day is more than a competition—it’s a movement. Pharrell’s vision of creating opportunities for underrepresented communities is being realized, one entrepreneur at a time. As he said, “Be the sunlight,” and this event was a shining example of just that.

For more information on Black Ambition, visit blackambitionprize.com.

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Pharrell Williams’ Black Ambition to Award $2.7 Million to Empower Next-Gen Entrepreneurs at 4th Annual Demo Day

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Pharrell Williams’ non-profit, Black Ambition, is gearing up to host its highly anticipated 4th Annual Demo Day on Friday, November 15, where the winners of the 2024 Black Ambition Prize Competition will be announced. The event will showcase the top Black and Hispanic-founded startups, awarding over $2.7 million in funding to companies that exemplify innovation and potential in Consumer Products, Healthcare, Media, Technology, and AI. Key sponsors, including Visa, Comcast, Louis Vuitton, and Adidas, support this exciting initiative, which aims to break down barriers and advance diversity in entrepreneurship.

This Demo Day marks the culmination of a rigorous nine-month journey for these emerging businesses, with eight finalists vying for a grand prize of $1 million. These promising founders have undergone a 3-month mentorship program, public voting, and pitch training to prepare them for the big stage. Beyond the national competition, Black Ambition’s HBCU Pre-Accelerator also prepared top innovators from Historically Black Colleges and Universities for a chance to join the final cohort and secure awards of up to $250,000.

“With mentorship to over 1,000 founders and generating over $265 million in revenue, we’re excited to continue showcasing the next generation of innovative companies,” said Felecia Hatcher, CEO of Black Ambition. “As other corporations scale back support for businesses of color, Black Ambition is doubling down on its commitment to accelerated growth for Black and Hispanic business owners.”

The day’s program will feature a live pitch competition judged by prominent CEOs and industry leaders, with the grand prize awarded to one outstanding venture. Following the pitch, Pharrell Williams and Hatcher will lead a discussion on the future of Black Ambition and the ongoing mission to support underrepresented entrepreneurs. The celebration will continue with a cocktail hour and VIP networking reception, inviting attendees to connect with the Black Ambition founders and network partners.

“Each year, the pool of talented innovators, thought leaders, and business owners grows,” Williams said, “further affirming Black Ambition’s mission to unlock the potential of underrepresented entrepreneurs.”

Since its inception in 2020, Black Ambition has awarded $10 million in capital to 101 entrepreneurs, extending beyond financial support to include holistic business development resources. From executive coaching and mental health workshops to bi-weekly office hours with industry experts from brands like Heineken, Adidas, and Microsoft, Black Ambition ensures that founders are well-equipped to tackle entrepreneurial challenges.

The impact of the Black Ambition Prize is profound. “Winning the 2023 Black Ambition Prize has been transformative,” said Antoinette Banks, CEO of Expert IEP. “The prize provided essential funding and an empowering community that drives our positive impact forward.”

As Black Ambition prepares to crown this year’s top innovators, it continues to make strides in bridging the gap for Black and Hispanic entrepreneurs, laying the foundation for a more inclusive future in business.

To connect and learn more about Black Ambition, please visit www.blackambitionprize.com.
Follow us on Facebook (@blackambitionprize)Twitter/X (@blackambitionpz) and Instagram
(@blackambitionprize) to stay up to date with the Black Ambition community.

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