“Being an entrepreneur isn’t easy, but it’s even harder for minority and women led companies,…these people are solving new and unique problems and I think the only thing in their way is capital.” – Chamillionaire
Start-ups will participate by submitting pitches on Convoz, an app Chamillionaire launched back in 2016.
Chamillionaire’s goal is to bring awareness to groups who have been underrepresented in the investment world.
“When people say they can’t find African-American startups to invest in, it just sounds a little crazy to me…at one point I was getting 30 candidates a month, but when I said I only wanted to invest in women or minorities I started getting just two candidates a month.” – Chamillionaire
Chamillionaire was also an early investor in Lyft. He previously invested in Ring which was acquired by Amazon, Cruise which was acquired by GM, and Maker Studios which was acquired by Disney.
Shark Tank’s very own, Daymond John will also be a partner in the project.He help narrow applications down to five finalists.
The start-up pitch competition will run from Nov. 11 to Dec. 6.
Article Appeared @
http://karencivil.com/2019/11/13/chamillionaire-and-e-40-invests-100000-in-minority-and-women-start-ups/