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Keisha Knight Pulliam's Rollercoaster Life After Cosby: Raising Daughter & Finding Love Post Divorce

How Covid Changed Executive Recruitment—Perhaps for a Long Time

How the venture capital community can better support Black founders

May 27, 2021 You’re reading a Quartz member-exclusive story, available to all readers for a limited time. To unlock access to all of Quartz become a member. For startup founders looking to make their dream business a reality, there’s never been a better time to look for funding. Venture capital spending soared to a record $131 billion in 2018, according to PitchBook and the National Venture Capital Association. The year saw blockbuster IPOs for Spotify, Dropbox and ADT. In the years since, the funds have continued to flow. Yet amid all this wealth creation, the breathless headlines, the monumental achievements of American innovation, a Deloitte study reports that just 3% of venture capitalists identified as Black or Latino in 2018, the most recent year for which data are available. Barely 1% of VC funding that year went toward Black or brown entrepreneurs.

FAMU Foundation Invests in $25M Fearless Fund Venture Capital Firm to Support Women of Color – Free Press of Jacksonville

Fearless Fund co-founders, Ayana Parson (standing) and Arian Simone (seated). (Photo credit: Fearless Fund THE WESTSIDE GAZETTE (Source: www.blackpressusa.com) – The investment marks FAMU’s first in a Black-led VC firm and will be utilized by the Fearless Fund to grow its ever-expanding portfolio of women of color-led businesses seeking pre-seed, seed level or series A financing. With this announcement, the University joins other major businesses who recently invested in Fearless Fund, including Paypal, Bank of America, Invest Atlanta, and Costco. TALLAHASSEE, FL  Florida A&M University Foundation today announces its investment in the $25 million  Fearless Fund, the first venture capital (VC) fund built by women of color, for women of color, and led by two FAMU alumnae, Arian Simone and Ayana Parsons.

Mastercard Announces Major Investment and Partnership in Black-Owned Businesses

The credit card giant also unveiled a partnership with Greenwood, a fintech firm aimed at Black and Latino consumers and business owners, to issue the platform s first debit cards. This is part of our broader work on financial inclusion, Mastercard president of strategic growth Michael Froman told CNBC. We want to bring all the assets of the company to the table, to engage with them, help them succeed, help them get to scale. Fearless Fund looks to provide early financing to companies started by women of color in the technology, consumer packaged goods, food, fashion and beauty industries. The three co-founders of Fearless Fund are chief development officer Keshia Knight-Pulliam, who played Rudy Huxtable on the Cosby Show; CEO Arian Simone, an entrepreneur and best-selling author; and COO Ayana Parsons, a veteran consultant.