Magic Johnson, who has gone from basketball star to a mega successful businessman, knows something about entrepreneurship. And recently he helped The Initiative for a Competitive Inner City (ICIC) reach out to entrepreneurs. ICIC teamed up with the Small Business Administration, and Bank of America to invite more than 100 growing inner city companies from around the nation to pitch their ideas to potential investors in Los Angeles.
Programs that match money with entrepreneurs who are in need of money are all right in my book. This is a great example of a program that is gathering business people from all across the nation to provide an opportunity to discuss their needs with interested venture capitalists while also helping them to improve their pitches so that they can secure even more funding.