Chamillionaire Launches $100,000 Competition For Minority & Women-Founded Start-Ups

Carmen Roxanna
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Rapper and investor Hakeem “Chamillionaire” Seriki announced this week that himself and fellow hip hop artist E-40 will invest $100,000 into a minority or woman-founded start-up company. And ‘Shark Tank’ investor Daymond John will assist in narrowing down the search for the best company. 

Seriki said, “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.” The competition is Chamillionaire’s effort to bring awareness to a demographic of start-ups that has been historically underrepresented in the investment world. 

According to CNBC, start-ups will submit their pitches via Convoz, a face-to-face social app launched by Seriki in 2016 to enhance public collaborative communication. Pitches will be reviewed by Seriki, his team and Republic.co, an SEC-registered platform that makes investing accessible to non-accredited investors.

“I am so excited to be one of the judges in the $100,000 pitch competition,” Daymond John shared. “If you feel that you are ready to pitch and knock it out of the park, I can not wait.” The pitch competition will run from November 11 to December 6; and Chamillionaire has one piece of advice: “We’re not just talking about an idea. We’re talking about a real company!”

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