Meet the new dynamic duo of The Fearless Fund built by women of color -for women of color. Founders, Arian Simone and Keisha Knight Pulliam are highlighting how diversity significantly impacts a company’s performance and potential to provide investor returns.
Boston Consulting Group released a business report back in 2018 and in its discovery found that for every dollar of funding a start up in their study received, female-run start ups generated an average of 78 cents in revenue while male-run start ups generated 31 cents. While a greater potential to produce higher return for women were noticeable, women historically were underfunded and particularly women of color.
Arian Simone says:
” The Fearless Fund Is Designed To Change The Narrative As It Relates To Funding Allocated To Women Of Color ” .
PRN writes:
Fearless Fund is proof that women of color are founding and growing business that drive strong returns fo their investors while multiplying the number of women of color who are investors. 2017 and 2018 reports showed little to no growth in the amount of funding allocated toward women of color -led businesses. It’s time that we have positive numbers to report in terms of VC funding for WOC -led businesses. Fearless Fund is the key game changer, and we’re here for it.
For those looking to start their own businesses or switch career paths here’s an entry step if your don’t know where to begin or seek resources.
For more information on the fearless fund visit www.fearless.fund and also visit this tbt post I submitted last year on the site highlighting 26 Black Women CEO + Entrepreneurs.
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