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Kevin Hart is aligning himself with an initiative to support Black founders using artificial intelligence (AI). The AI Illumination Grant has been launched by the Fifteen Percent Pledge, a nonprofit advocacy organization founded by Aurora James. The initiative challenges retailers and corporations to allocate 15% of their shelf space to Black-owned brands. As AFROTECH™ previously reported, 29 retailers have committed to this pledge, benefiting 800 Black-owned brands . The Fifteen Percent Pledge is scaling its efforts to support Black entrepreneurs with the aid of Kevin Hart’s Hartbeat Ventures and Andreessen Horowitz’s (A16z) Cultural Leadership Fund. Eligible members of the Fifteen Percent Pledge’s Business Equity Community are invited to apply for a chance to gain insights on leveraging AI and compete for a share of a $35,000 grant pool—$20,000 for the winner and $15,000 for the runner-up. “It is specifically focused on ensuring that the Black founders that are a part of the 15%...
Kevin Hart has taken over as CEO of his production company, HARTBEAT, marking the third leadership change in less than two years. According to Bloomberg, Hart stepped in just before Thanksgiving 2024 following a series of layoffs that impacted around 20 employees, nearly one-quarter of the company’s workforce. Shortly after the layoffs, CEO Jay Levine, Chief Financial Officer DJ Jacobs, and Chief Content Officer Brandon Smiley departed amicably due to disagreements about the company’s direction. HARTBEAT is a global, multi-platform media company dedicated to creating entertainment that blends comedy and culture. The company produces films, TV shows, audio series, and branded content. Founded in 2009, Hart merged his two high-growth, profitable companies, Laugh Out Loud and HartBeat Productions, to form the current entity in 2022, per a press release. HARTBEAT was launched with a $100 million investment from the private equity firm Abry Partners, which took a minority stake in the...
Investor and “Shark Tank” judge Barbara Corcoran has high praise for Kevin Hart. Hart made an appearance as a guest judge on the show during its 13th season alongside Mark Cuban, Barbara Corcoran, Kevin O’Leary, Lori Greiner and others. The purpose of “Shark Tank” is to provide a platform for entrepreneurs across industries to pitch in front of powerhouse investors with hopes of securing their investment. Speaking of the importance of appearing on the show, Hart said, according to ABC Audio, “If I can reach back and give opportunities to others, to people of my community, to the younger generation that is coming up that should be our future leaders of tomorrow and our future groundbreakers of today and tomorrow, why not? I’m not in the business of just doing it for me. You know, I think that’s the role that we all play when we get to sit in these chairs, is the role of opportunity for not just ourselves but others.” Hart’s expertise in entertainment and business has made him an...
Kevin Hart is giving credit to film producer Will Packer for his position in business and his career. Where It All Started The comedian turned actor first met Packer in 2007 at the Los Angeles airport, according to the Chicago Sun Times. Hart remained on Packer’s radar, and he eventually called the actor to work on their first movie together, “Think Like A Man.” At the time, Hart was booking mostly cameos which included “Scary Movie 3” (2003), “Soul Plane” (2004), and “The 40-Year-Old Virgin” (2005). Learning Packer Was “The Real Deal” While On Set When it came to landing more screen time, Hart had become accustomed to empty promises. Landing the gig and working with Packer was all the proof Hart needed to ensure the Will Packer Productions founder was “the real deal.” “When I first met Packer and ‘Think Like A Man’ was [brought] up, he came to me first and said, ‘Listen man, I’m going to make this movie happen, but I’m not going to go forward and pursue, if I don’t know that I have...
Kevin Hart’s vegan restaurant chain has quickly closed. As AFROTECH™ previously reported, the comedian launched Hart House in 2022 — with the promise of opening more — alongside what he called a premiere lineup of associates and industry pioneers. Its first location opened in Westchester, CA, near the Los Angeles International Airport, Eater reports. “I am THRILLED to announce that I have collaborated with an All-Star team of partners and industry leaders to create an industry-changing restaurant called ‘Hart House,’” Hart wrote on Instagram at the time. “This thing is going to be HUGE! We’re going to serve delicious, sustainable food, that delivers ‘Can’t-Believe-It’ Flavor in every bite!!! We’ll be opening our first few locations in the LA area, but we will be expanding quickly.” Hart House did deliver on its word to grow the business. By 2024, Hart House had extended its portfolio with three additional California locations: Monrovia, University Park, and Hollywood. The draw has...
The visibility from “Shark Tank” led to remarkable growth for The Transformation Factory founder Alexiou Gibson. Gibson is behind the sea moss brand, which was inspired by his personal health journey that resulted in a 300 pound weight loss from taking the algae in his daily lattes, CNBC reports. “Like most teens, I believed that I was invincible,” Gibson shared on “Shark Tank.” “I thought I would be fine and had time to get healthy later. It wasn’t until my doctor told me that I wouldn’t live to see my 30th birthday that I understood how serious I needed to be about living.” Recognizing the great power of sea moss through his 10-year health battle, the company website notes, The Transformation Factory now sells various sea moss gels in flavors dragon fruit, pineapple, mango, and strawberry banana. View this post on Instagram A post shared by The Transformation Factory (@seamosstransformation) Gibson pitched his company while on “Shark Tank” in 2022 and scored a $600,000 deal from...
Kai Cenat, Kevin Hart, and Druski linking up has made Twitch history. On June 10, 2024, the comedic trio joined together for Cenat’s stream. If you haven’t already seen any of the viral clips, one of the most talked about moments via social media was LeBron James appearing on a FaceTime call with Hart during the stream. In addition to the virality, Cenat’s stream brought in historic numbers. According to information provided to AFROTECH™, the live stream featuring Cenat, Hart, and Druski broke the Twitch North American record for viewership with 712,600 peak concurrent viewers, which is more than a 10% increase. What’s more, the stream had 4.95 million unique viewers across 11.5 hours. “The BIGGEST & BEST STREAM EVER…..@druski x @kaicenat x @kevinhart4real = comedy gold!!!!!,” Hart wrote in an Instagram post. “No scripts and no plans….Just vibing and feeding off one another….Nothing but love for these to jacka–es.” “More coming….STAY TUNED,” he added. View this post on Instagram A...
Kevin Hart’s Gran Coramino Tequila has officially reached a new milestone. According to a press release shared with AFROTECH™, since its inception in 2022, the ultra-premium tequila company has provided more than $1 million in grant funding to over 100 Black and Latinx small-business owners and entrepreneurs through its Coramino Fund. The fund, powered by the company founded by Hart and 11th-generation tequila maker Juan Domingo Beckmann, has made giving back to the community its main priority from the very beginning, honoring its “vision to celebrate life’s hard-earned moments” by donating $1 from every bottle sold to support underrepresented entrepreneurs in the United States and Mexico. “As an entrepreneur myself, I’ve seen how early financial support can impact the long-term success of the business,” Hart said in a statement. “The Coramino Fund was created to provide support to some of the hardest working people out there — entrepreneurs and small business owners.” View this...
Trends come, and trends go. As artificial intelligence (AI) and virtual reality (VR) have been getting all of the attention lately, technology such as non-fungible tokens (NFTs) has simmered down. Now, Kevin Hart is one of many who have experienced one of the pitfalls that come with blockchain technology. In January 2022, the actor and comedian reportedly bought a Bored Ape Yacht Club non-fungible token (NFT) for 79.5 ETH or $200,401 in a deal facilitated by MoonPay, a cryptocurrency marketplace, as previously shared by AFROTECH™. The reported purchase was at a time when numerous celebrities such as Hip Hop artist Snoop Dogg and NBA player Stephen Curry were securing the once popular company’s digital tokens. Hart reportedly sold his NFT on March 25, 2024, for 13.65 ETH, which equates to $47,000 — significantly less than his original purchase of over $200,000 — per ZyCrypto. The outlet described the reported sale as an “81% discount.” Canadian singer Justin Bieber faced a similar...
Over the years, Kevin Hart has become quite the serial entrepreneur. Now, he’s helping Black and LatinX founders find their footing by equipping them with the money and resources needed to thrive. According to PR Newswire, the entertainer’s Gran Coramino Tequila® brand has officially launched The Coramino Fund which includes $500,000 to support small business owners and entrepreneurs across the nation.
