Colin Kaepernick Is Now Co-Chair Of A Company Targeting Racial And Diversity Issues In Enterprise Businesses

The corporation now intends to offer 25 million shares for $10 each in order to raise at least $250 million. According to their SEC filing, the company plans to target a business that “delivers a significant impact financially, culturally and socially.”

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The board and leadership of Mission Advancement have a distinguished history. The CEO and co-chairman positions will be held by Jahm Najafi. Najafi is the founder and CEO of The Najafi Companies, a Board of the NBA governor, and co-owner of the Phoenix Suns and McLaren F1 Racing. Along with him will be Najafi’s CFO, Peter Keane.

The autonomous board is composed entirely of Black, Indigenous, and people of color (BIPOC), with a preponderance of women, in keeping with the social goal of SPAC. The board includes Apple VP and former Beats by Dre CMO Omar Johnson, Birchbox co-founder and CEO Katia Beauchamp, CalPERS Board of Administration member Stacie Olivares-Howard, and Attica Jacques, who currently serves as Google’s Head of Global Brand Consumer Marketing.

Ben Horowitz, a co-founder of Andreessen Horowitz, as well as award-winning director Ava DuVernay, who is creating a Netflix series about Kaepernick’s upbringing, are additional company advisors.

The company doesn’t have a public listing date yet, but there are a lot of great minds at work here. They’ll try to collaborate with other businesses to promote social justice dialogues and spur groups to action.

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