How a Black Enterprise Elevator Pitch Finalist Used a Loss to Propel His Spice Crafters, Chilau Foods Product Line
Black Enterprise Elevator Pitch finalist Michael Anderson launches successful Spice Crafters L.L.C. | Chilau Foods.
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Black Enterprise Elevator Pitch finalist Michael Anderson launches successful Spice Crafters L.L.C. | Chilau Foods.
Howard grad Gregory Robinson helped revive a decades long and multi-billion dollar NASA project that was tarnished from a series of setbacks and delays.
By applying its proprietary operating principles (the details of which were not fully disclosed), Vista turned Sunquest around. In two years, Sunquest’s revenues increased to $185 million with $100 million in EBITDA. Four years later, revenues grew to $200 million with $120 million in EBITDA. Vista ended up selling Sunquest to Roper Industries, a provider of engineered products and solutions, for $1.4 billion, a return of more than 400% on Vista’s initial investment. “We’re not guessing. We’re not stock picking. We’re not placing bets,†says Smith. “We have designed a system that we use to give us a predictable outcome.â€
The 22% gap between college completion rates of black students and white students doesn’t necessarily reflect academic unpreparedness or the financial difficulties many black students face. It turns out that similar schools that enroll similar students—that have the same level of academic preparedness and the same socioeconomic status—can have black students who graduate at very different rates.
Steve Harvey, Quincy Jones, Clarence Avant, and more industry leaders will gather in Atlanta May 13–16.