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Candidates are also increasingly choosy about startups they join, asking founders questions about cash runway and growth projections of the companies for quarters ahead.
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. Representatives of Fearless Fund partners Parsons and Arian Simone told reporters Thursday during a press conference in Manhattan that the fund was established to address the wide gap in venture capital funding for businesses led by women of color "who confront barrier after barrier to obtain support and investments for their businesses."
The founder of the group that pushed for the eventual dismantling of affirmative action by the Supreme Court is now suing a Black women-led venture capital fund. Edward Blum is staunchly against affirmative action. He is suing Fearless Fund, an Atlanta-based venture capital fund that supports small businesses owned by Black women through his nonprofit… Continue reading Conservative Group Sues Black Women Venture Capital Fund
When news leaked earlier this year that Microsoft had invested billions of dollars into OpenAI the company behind the revolutionary ChatGPT tool this led to rumblings of additional investments.