Fearless Fund's co-founder, Ayana Parsons, steps down from her leadership role as general partner and COO to "enjoy island life" with her family.
Fearless Fund is dedicated to offering venture capital financing, grants, and financial education to startups founded by Black women, a demographic significantly overlooked in the VC industry.
Fearless Fund has already invested $26 million in over 40 companies, including notable names like Slutty Vegan and The Lip Bar, focusing on building up Black women-owned ventures.
The fund's efforts to invest in underrepresented areas face legal challenges; American Alliance for Equal Rights is suing Fearless Fund over its $20,000 small business grants for Black women.
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