Black Ambition Awards Aim at Helping Minority Entrepreneurs

Black Ambition Awards Aim at Helping Minority Entrepreneurs

Assessment

Interactive Video

Business

University

Hard

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The video discusses Black Ambition, a nonprofit founded by Pharrell Williams, which supports Black and Latinx entrepreneurs. It highlights the organization's mission to provide resources and funding to underrepresented founders, emphasizing the importance of culture and community connection. The rigorous application process evaluates market potential and cultural impact. The video also explores the transition from a moment to a movement, stressing the need for sacrifice and continuous support. Key partners like Adidas and Chanel play a crucial role in providing mentorship and financial backing to ensure the success of these ventures.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of Black Ambition?

To support white entrepreneurs

To fund tech startups exclusively

To assist Black and Latinx entrepreneurs

To provide scholarships to students

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key aspect of the application process for Black Ambition?

Prioritizing established companies only

Evaluating cultural impact and community connection

Ignoring market potential

Focusing solely on financial projections

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What distinguishes a movement from a moment according to the transcript?

The amount of funding received

The level of media coverage

The sacrifices made by founders

The number of partners involved

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant challenge faced by the entrepreneurs supported by Black Ambition?

Overabundance of resources

Lack of innovative ideas

Inadequate support and funding

Insufficient market size

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following companies is NOT mentioned as a partner of Black Ambition?

Visa Foundation

Chanel

Google

Adidas

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important for mentorship and capital to come together for these businesses?

To ensure they remain small

To focus only on local markets

To allow them to innovate and grow

To limit their market reach

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected outcome when investing in these businesses?

Immediate profit

Minimal growth

A significant return on investment

No return on investment