MC Hammer Helping Young Minority Start-ups

By Lora Neng
WWW.STREETGANGS.COM STAFF WRITER
April 25, 2011

Stanley Burrell, better known as MC Hammer, can now add to his job experience, consisting of music artist, ordained preacher, reality TV show producer, and investor in tech start-ups, an entry as mentor to young entrepreneurs. The New Media Entrepreneurship, or NewMe, is a summer accelerator program in the Silicon Valley, aided by investors, lawyers, and Foursquare and Twitter developers amongst other technology venture capitalists, to advise new minority-led businesses.

MC Hammer’s first note of advice via the Wall Street Journal: You don’t have to invent the wheel, but you might want to be the company that invents the rims,” to find the niche in an established market where profits can be made.

Seven atart-ups can live and work in a rented house in Mountain View or a shared space in San Francisco. The nine-week-program will grant access to executives in successful companies for counsel and networking opportunities. The emcee told WSJ on the phone, “Just as it was no big deal to get a hold of me for this (interview), I’ll be just accessible and available” to NewME program participants. “Hollywood is in the perception business where you create layers to create mystery. In Silicon Valley it’s about taking away the layers to get to the substance.”

Posted by on Apr 27 2011. Filed under Entertainment. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

1 Comment for “MC Hammer Helping Young Minority Start-ups”

  1. ASo

    sHY ONe CAs reppin.

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