Recently, Google revised its webpage for the Founders Fund, turning all programs for underrepresented founders into past tense and stating there are currently zero available funds. Launched in 2020, the Founders Fund aimed to assist underrepresented founders, having provided over $50 million in support. With growing political and legal challenges to Diversity, Equity, and Inclusion (DEI) programs, uncertainty surrounds the future of these initiatives. Google's ambiguous response suggests a strategic pivot towards AI startups rather than supporting minority groups, leaving the fate of previous funds unclear.
Google for Startups found that it has shifted focus by changing all programs for underrepresented founders to past tense, indicating a significant change in strategy.
The Google for Startups Founders Fund, launched in 2020, has awarded over $50 million to more than 600 founders, targeting those from diverse backgrounds.
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