Today, Explained Is DEI DOA?
Nov 3, 2023
Mirtha Donastorg, a business reporter at the Atlanta Journal-Constitution, and Dominic-Madori Davis, a senior reporter at TechCrunch, dive into the escalating backlash against diversity efforts. They discuss a lawsuit targeting the Fearless Fund, which supports Black women entrepreneurs, and examine the implications of such legal challenges on funding equity. The conversation highlights the obstacles faced by underrepresented founders in a changing political landscape, underscoring the urgency of financial support and the fight for inclusivity in venture capital.
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Blum's New Target
- Edward Blum, after successfully challenging affirmative action, sued an Atlanta venture capital fund.
- This fund, Fearless Fund, invests in businesses led by women of color.
Fearless Fund's Investments
- Fearless Fund is an Atlanta-based venture capital firm investing in women of color-led businesses.
- They've invested in companies like Slutty Vegan, Hairbrella, and Bread Beauty.
Funding Disparity
- A tiny fraction of venture capital funding goes to Black women-led businesses.
- Fearless Fund aims to address this disparity and level the playing field.