CHAMILLIONARE AND E-40 JOIN FORCES TO INVEST IN APP THAT HELPS MINORITY START-UP COMPANIES
Chamillionaire & E-40 have been staying out the way and palnning as of late but they’ve both are about to be back in the headlines for one of the best reasons. Both rappers have been shelling out money to minority-led start-up projects through the Convoz app. A previous company won $25,000 as well as mentorship to bring their startup to life and now they have announced a $100,000 opportunity.
Daymond John will also be providing some cash, the founder of FUBU, who will join the Convoz app to oversee the contestants that present their ideas for the grand prize.
“When people say they can’t find African-American startups to invest in, that sounds a little crazy to me,” Chamillionaire said of investing in minority start-ups. “I feel like minority and women founded startups have been historically under-appreciated so I’m honored that legends like E40 & Daymond John would be willing to help bring more awareness to this problem. Capital and information are things that our community needs more of so we are trying to do what we can to spark some change.’