>>> WE'RE BACK NOW WITH A QUESTION AT THE CORE OF PHARRELL WILLIAMS' NONPROFIT, BLACK AMBITION. WHO ARE YOU UNINTERRUPTED. THEIR MISSION IS TO INCREASE OPPORTUNITY AND WEALTH FOR BLACK AND HISPANIC ENTREPRENEURS. >> WHAT'S GOOD? IT'S PHARRELL. I WANT ALL BLACK AND LATINX FOUNDERS WHO ARE SHAPING OUR FUTURE TO APPLY TO THE BLACK AMBITION PRIZE COMPETITION TODAY. >> THERE'S SO MUCH ABOUT BLACK AMBITION THAT INTRIGUED ME. WE KNOW EVERYTHING THAT HAS INTERRUPTED BLACK AND BROWN ENTREPRENEURS AND WE WANTED TO CREATE AN OPPORTUNITY WHERE THE PATHWAY TO ENTREPRENEURSHIP AND THE PATHWAY THROUGH ENTREPRENEURSHIP IS AN UNINTERRUPTED AS MUCH AS POSSIBLE. WE GO THROUGH A RIGOROUS PROCESS WITH ABOUT 200 APPLICATION SEMIFINALISTS. THEY GO THROUGH A THREE-MONTH COHORT STYLE MENTORSHIP PROGRAM. WE THEN HAVE A SET OF JUDGES THAT HELP US GO FROM 250 ENTREPRENEURS TO WE INVEST IN ABOUT 10% OF THOSE COMPANIES. AND OUR CHECK SIZES WILL BLACK AMBITION RANGE FROM 15K TO $1 MILLION. >> WE'LL BE AWARDING YOUR TEAM, YOU'RE GOING TO LOVE THIS, $1 MILLION. >> OH, MY GOD. >> OUR FIRST REAL TANGIBLE INVESTMENT. GETTING A MILLION DOLLAR CHECK WAS SIGNIFICANT. EVEN THOUGH I THOUGHT I WAS SUCCESSFUL PROFESSIONALLY, I HAD NO IDEA THIS WORLD EXISTED. I'M FOREVER GRATEFUL FOR BEING A PART OF BLACK AMBITION. >> BLACK AMBITION HAS ENDLESS RESOURCES FOR BLACK AND BROWN ENTREPRENEURS. >> 2022 MILLION DOLLAR PRIZE -- >> WITH BLACK AMBITION, THAT WAS THE FIRST TIME IN OUR ENTREPRENEURIAL JOURNEY WHERE PEOPLE JUST GOT IT RIGHT AWAY. AND IT FELT AMAZING TO BE SEEN. NOW THAT WE HAVE THIS $1 MILLION, WE PROVED OURSELVES. NOW WE CAN CONTINUE TO RAISE. SO THE POSSIBILITIES ARE ENDLESS FOR US. >> THE OTHER PART WE ADDED INTO BLACK AMBITION THAT IS VERY UNIQUE TO US AS OPPOSED TO OTHER AU ENTREPRENEUR PROGRAMS. WE HAVE THERAPISTS ON STAFF. THEY ALSO GET THE CARE FROM US AS WELL. >> BLACK AMBITION IS THERE IN A WORLD WHERE PEOPLE THAT LOOK LIKE ME WERE BEING SUFFOCATED. IT'S A LIFE LAIN THAT I THINK IF YOU'RE AN ENTREPRENEUR AND YOU WANT TO KNOW WHAT SUCCESS LOOKS LIKE, SIGN UP FOR BLACK AMBITION. >> I LOVE THIS. I LOVE WHAT PHARRELL IS DOING. A LOT OF TEAMS PEOPLE HAVE GREAT IDEAS BUT THEY DON'T QUALIFY FOR LOANS. AND DON'T HAVE INVESTORS. AND THE MONEY TO MOVE FORWARD WITH IT. >> IT'