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Fearless Fund, an Atlanta-based venture capital firm, was sued last week for discrimination for considering only businesses owned by Black women for a grant program.
(Reuters) -The founders of a venture capital fund devoted to funding Black women-owned businesses on Thursday defended their efforts to support underrepresented entrepreneurs in the face of a lawsuit by a conservative activist accusing it of racial discrimination. The Fearless Fund's leaders and its lawyers during a news conference in New York pledged to fight a lawsuit filed last week by a prominent affirmative action opponent who led the successful U.S. Supreme Court challenge to the considera
By Nate Raymond (Reuters) - The founders of a venture capital fund devoted to funding Black women-owned businesses on Thursday defended their efforts ...
Paras Griffin/Getty Images(NEW YORK) -- Fearless Fund, a venture capitalist firm that invests in female entrepreneurs of color, is now the target of a lawsuit launched by a group founded by the man who led the fight to take down affirmative action in higher education. "When we set out to start we had one clear vision in mind, and that was to change the game for women of color," said Ayana Parsons, the co-partner of Fearless Fund, which was founded in 2019. "Our rationale was simple. These women are the most founded, yet the least funded. They're starting businesses at a much hig...
By Nate Raymond (Reuters) - The founders of a venture capital fund devoted to funding Black women-owned businesses on Thursday defended their efforts ...