This is one of those things, where if you’re conservative and believe in capitalism and markets, you would WANT there to be VC funds who focus on funding businesses founded by black women. It’s about building wealth and economic independence, through creating businesses.
There’s a long history of black Americas going back to the end of slavery who worked on social change by building up black owned businesses.
Some of which became very successful: https://en.wikipedia.org/wiki/Self_Made_(miniseries)
And others which were attacked and destroyed precisely because they povided economic and political independence: https://en.wikipedia.org/wiki/Tulsa_race_massacre
VC is how you build new high growth businesses. Instead of asking for VC’s to invest in companies founded by women of color, these folks made their own VC, and got LP’s to fund it. To me this shows that a lot of the anti-affirmative action work isn’t about fairness at all, but about perpetuating a system of inequality.
I hope that the fearless.fund wins this lawsuit and sees the companies they fund become profitable unicorns.
Agreed. Which makes me wonder about small groups who have a vested interest in promoting a culture war, by promoting “them” fear, in order to get people to act against their own long term interests.
More and more, I am convinced that much of the “left right” culture war is actually a targeted corporate psyop.
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