Daymond John helped revolutionize urban fashion in the 1990s as founder, president, and CEO of FUBU (“For Us, By Us”). He guided the iconic brand into a multimillion-dollar business, placing it at the same table with such designer sportswear labels as Donna Karan New York and Tommy Hilfiger.
These days, John is known for being a “shark” on the hit reality series “Shark Tank”. Every Friday night, some seven million viewers tune in to the ABC show that features a panel of investors, or “sharks,” that consider offers from aspiring entrepreneurs seeking capital. John, a member of the cast since the show’s premiere in 2009, along with four other prominent chief executives listens to business pitches (a contestant’s one-hour pitch is edited down to a 10-minute segment) from everyday people hoping to take their company or product to new heights. Using their own money, the sharks have invested more than $20 million, having completed more than 30 deals with an average valuation of $250,000. John is the show’s second leading investor.
Studies show that African American-owned firms are less likely to receive angel investment. In the first half of 2013, only 8.5% of startups pitching to angels were minority-owned; 16% were women-led, according to a report by the Center for Venture Research at the University of New Hampshire. Only 15% of those minority-owned businesses successfully got funded, while 24% of the female entrepreneurs received angel investments. Moreover, ethnic minorities account for less than 5% of the angel population.
Posts published in “Conferences & Seminars”
World-renowned jazz musician and composer Herbie Hancock has been named Harvard University’s 2014 Norton Professor of Poetry. Hancock will give six lectures this spring on topics that include “The Wisdom of Miles Davis,” “Breaking the Rules,” “Cultural Diplomacy and the Voice Of Freedom,” and “Innovation and New Technologies.”
“It is a great privilege to welcome Herbie Hancock as the Norton Professor,” said Homi Bhabha, Rothenberg Professor of the Humanities and Director of the Mahindra Humanities Center, which is hosting the lectures. “His unsurpassed contribution to the history of music has revolutionized our understanding of the ways in which the arts transform our civic consciousness and our spiritual aspirations. It would be no exaggeration to say that he has defined cultural innovation in each decade of the last half-century.”
Born on April 12, 1940, in Chicago, Hancock grew up in a family that wasn’t particularly musical, according to Biography.com. At the age of seven he began studying European classical music, which continues to influence both his playing and composing. At the same time, he was influenced by jazz pianists like George Shearing, Oscar Peterson, and Erroll Garner. As a young teenager, he was playing Mozart with the Chicago Symphony Orchestra. As a member of the Miles Davis Quintet (which he joined in 1963), Hancock performed on dozens of albums and established a reputation as an outstanding composer who explored genres outside traditional jazz, ranging from fusion to R&B to hip-hop.
Hancock has also provided scores for a number of TV and film projects, including Bill Cosby’s Fat Albert cartoon series and an accompanying album, as well as for the movies Death Wish (1974), A Soldier’s Story (1984), and Jo Jo Dancer, Your Life Is Calling (1986). He won an Academy Award for the score to ‘Round Midnight (1986); his other honors include 14 Grammy Awards, including Album Of The Year for River: The Joni Letters.
“It is a great privilege to welcome Herbie Hancock as the Norton Professor,” said Homi Bhabha, Rothenberg Professor of the Humanities and Director of the Mahindra Humanities Center, which is hosting the lectures. “His unsurpassed contribution to the history of music has revolutionized our understanding of the ways in which the arts transform our civic consciousness and our spiritual aspirations. It would be no exaggeration to say that he has defined cultural innovation in each decade of the last half-century.”
Born on April 12, 1940, in Chicago, Hancock grew up in a family that wasn’t particularly musical, according to Biography.com. At the age of seven he began studying European classical music, which continues to influence both his playing and composing. At the same time, he was influenced by jazz pianists like George Shearing, Oscar Peterson, and Erroll Garner. As a young teenager, he was playing Mozart with the Chicago Symphony Orchestra. As a member of the Miles Davis Quintet (which he joined in 1963), Hancock performed on dozens of albums and established a reputation as an outstanding composer who explored genres outside traditional jazz, ranging from fusion to R&B to hip-hop.
Hancock has also provided scores for a number of TV and film projects, including Bill Cosby’s Fat Albert cartoon series and an accompanying album, as well as for the movies Death Wish (1974), A Soldier’s Story (1984), and Jo Jo Dancer, Your Life Is Calling (1986). He won an Academy Award for the score to ‘Round Midnight (1986); his other honors include 14 Grammy Awards, including Album Of The Year for River: The Joni Letters.
The Africa-America Institute is launching a yearlong Speaker Series to provide a platform for domestic and global thought leaders to bring perspectives and expertise on issues relevant to U.S. policy toward Africa and African domestic policies.
This series, which will run from January through November 2014 in New York City and Washington, D.C., will be “a forum for innovative and visionary thought leaders to engage in dialogue on important issues of mutual concern to the African continent and United States to help inform and shape public policy and foster socio-economic development in Africa,” said Amini Kajunju, president and CEO of The Africa-America Institute.
The first event will kick off Jan. 30 with a panel discussion exploring the challenges and economic potential of President Barack Obama’s “Power Africa” Initiative. Kamran Khan, vice president of the Department of Compact Operations, Millennium Challenge Corporation (MCC) will moderate, and will be joined by participants Shari Berenbach, president & CEO, The U.S. African Development Foundation; Tony von der Muhll of Shift Into Green Energy ECUA; Ambassador Tuvako Manongi, permanent representative of Tanzania to the United Nations; and George Monyemangene, consul general of South Africa.
For more information, visit AAIOnline.org.
article by Janell Hazelwood via blackenterprise.com
Thousands of minority- and women-owned entrepreneurs will have the chance to audition to appear on ABC’s reality show Shark Tank, providing them an opportunity to gain much needed capital for growing their businesses. Casting directors will hold an open call on Friday, August 23, in Washington, DC during the Kingonomics Innovation, Entrepreneurship and Investment Conference. The event’s organizer, Rodney Sampson, recently signed on with Shark Tank Executive Producer Mark Burnett as executive in charge of diversity and outreach at One Three Media, a joint media and production venture between Burnett and the Hearst Corporation.
Kingonomics is the title of Sampson’s book, which is an interpretation of Dr. Martin Luther King Jr.’s economic vision for jobs and financial freedom for all Americans; through his lens as a serial entrepreneur and accredited investor primarily in technology and new media. The Kingonomics Conference, done in collaboration with the SCLC Poverty Institute, will bring together experts in capital raising strategies including crowdfunding, angel investment, and venture capital. The daylong forum and Shark Tank casting call also coincides with activities on Capitol Hill surrounding the 50th Anniversary celebration of the historic March On Washington for Jobs and Freedom.
Now in its fifth season, Shark Tank is a competition reality-based television series that features a panel of self-made multimillionaire and billionaire entrepreneurs/judges who consider offers from aspiring entrepreneurs seeking investment capital for their businesses or products. The Emmy Award-nominated series features investor billionaire Mark Cuban, owner of the Dallas Mavericks; business mogul and brand expert Daymond John, founder of FUBU clothing line; inventor and “Queen of QVC” Lori Griener; real estate mogul Barbara Corcocran; technology innovator Robert Herjavec; and, venture capitalist Kevin O’Leary.
Sampson was tapped personally by Burnett (Survivor, Celebrity Apprentice, The Voice) to spearhead his television production company’s diversity efforts. The two had worked together on the hit television miniseries The Bible; the 10-hour drama that ran on the History Channel in March 2013. Burnett and his wife Roma Downey scripted and produced the show. Sampson served on the show’s advisory board in a diversity and inclusion role to insure conversations around people of color were authentic.
Burnett sought Sampson’s assistance when he learned the ratings for the Shark Tank revealed a larger African American and female audience on Friday night at 8 pm ET.
“The challenge he said is that most of the companies that pitch are white males,” recalls Sampson. “He decided that he wanted diversity and inclusion to be intentional not just on Shark Tank or one show but all of his properties. That is what led to me becoming the first head of diversity and inclusion inside of the organization.”
Sampson is charged with identifying and attracting a more diverse pool of inventors and entrepreneurs. “Our goal is for at least 20% of the companies that pitch on the show to be minorities.”
The Shark Tank open casting call is a great forum he says especially given that access to capital remains the most important factor limiting the launch, expansion or growth of minority-owned businesses. Moreover, less than 3% of venture capital is invested in women owned and operated enterprises; less than 1% goes to African-American run businesses.
article by Carolyn M. Brown via blackenterprise.com
LAS VEGAS (AP) — Las Vegas has been selected to host the NAACP national convention in July 2014. The choice was announced by NAACP and Las Vegas Convention and Visitors Authority officials after the conclusion of the organization’s national convention in Orlando, Fla., last week. NAACP Las Vegas branch president Frank Hawkins hailed the selection, saying local members are up to the challenge of hosting the gathering. He says they realize they’ll need the help of the Las Vegas community to make it a successful event. Founded in 1909, the NAACP is the nation’s oldest and largest civil rights organization.
article via CBS Las Vegas