Episode Details

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Felecia Hatcher

CEO of Black Ambition, the national entrepreneurial initiative founded by Grammy-winning artist Pharrell Williams. Black Ambition provides capital, mentorship, mental wellness support, and a nationally competitive platform for Black and Hispanic founders, particularly those from HBCUs and underserved communities.

Throughout the conversation, Hatcher breaks down the mission of Black Ambition, how its competition works, success stories, the mentorship pipeline, and her personal entrepreneurial journey from being a self‑described “C student” to running a major national innovation fund.

Purpose of the Interview 1. Introduce Black Ambition’s Mission and Impact

To explain how Black Ambition funds, mentors, and accelerates Black and Hispanic founders, awarding millions in capital and building pathways to long-term entrepreneurial success.

2. Educate Entrepreneurs on How to Compete Successfully

Hatcher breaks down the application process, common mistakes, and how to stand out in one of the nation’s most competitive entrepreneurial prize competitions.

3. Inspire Through Transparency and Personal Storytelling

Her journey—from a C student to tech entrepreneur, to CEO working directly with Pharrell—models what perseverance and creativity can achieve.

4. Spread Awareness of Black Ambition Resources & Events

She highlights opportunities like Demo Day, masterclasses, mentorship cohorts, and the Fundable Founders Forum.

Key Takeaways 1. Black Ambition Creates “Unprecedented Access” for Black & Brown Founders

Hatcher emphasizes the organization’s mission of closing opportunity gaps caused by misaligned mentorship and unequal access to funding.
Black Ambition invests capital, provides structured mentorship, and connects entrepreneurs to world-class partners (e.g., Louis Vuitton).

2. Highly Competitive National Competition

• 2,500–3,000 applications annually
• Only 250 semifinalists
• Semifinalists enter a three‑month cohort with elite mentorship
• Top teams advance to Demo Day for capital awards and follow-on support
• Categories include HBCU, National Finalists, Top Prize, and People’s Choice..

Hatcher stresses: Success leaves clues.
Many past winners share insights, host office hours, and guide new applicants.

3. The Process Itself Makes Founders Stronger

Hatcher says repeated applications build clarity, sharpen pitches, and transform entrepreneurs—ev