Having famously squandered his fortune after selling over 50 million albums worldwide, Hammer filed for bankruptcy in 1996, then went through a series of career and life changes.
Following his music career blitz, he became an ordained minister, reality TV producer and actor and founded a mixed martial arts management company and several websites, including DanceJam.com.
Beginning on June 16, the Oakland rapper, born Stanley Burrell, will be a mentor in the New Media Entrepreneurship accelerator program in Silicon Valley, California.
The NewMe program is a nine-week course providing training, advice and networking opportunities to minorities and women, attempting to launch tech start-up companies.
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MC Hammer to Give Financial Advice to Entrepreneurs