Equity Maybe we shouldn't sue away DEI in venture
Aug 9, 2023
Dominic-Madori Davis, co-host of TechCrunch's Found and a diversity advocate, dives into pressing issues in venture capital. She discusses a lawsuit challenging grants for Black women entrepreneurs, highlighting the alarming push to dismantle supportive programs. The conversation reveals the stark funding disparities faced by women and minorities in the U.S. versus promising initiatives in countries like the UK. Davis also critiques the lack of transparency in funding decisions and explores the ongoing fight for equity in the venture landscape.
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Fearless Fund's Mission
- Fearless Fund focuses on funding women of color founders.
- This addresses the very low venture capital funding rates for these demographics.
Fearless Fund Grant Program
- Fearless Fund offers a $20,000 grant program for Black women small business owners.
- This program runs four times a year, supplementing their main fund.
Lawsuit Against Fearless Fund
- Fearless Fund is being sued for racial discrimination due to its grant program focusing on Black women.
- Edward Blum, known for overturning affirmative action, leads the lawsuit, citing the Civil Rights Act.