Biography & Early Wealth Journey
The company is currently planning to raise at least $250 million by selling 25 million shares at $10 apiece. 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 Mission Advancement leadership team and board have an impressive background. Jahm Najafi will serve as CEO and co-chairman. 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. Najafi will bring his CFO Peter Keane along, as well.
Primary Income Streams & Multi-Million Contracts
As part of the SPAC's social mission, the independent board is made up of 100% Black, Indigenous and people of color (BIPOC), with a female majority. 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.
Other company advisors include Andreessen Horowitz co-founder Ben Horowitz and award-winning director Ava DuVernay, who's launching a Netflix series about Kaepernick's childhood and experiences growing up.
The company doesn't have a public listing date yet, but there are a lot of great minds at work here. They'll look to work with other companies to continue conversations around social justice – and inspire organizations to take action.
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