Fearless Fund CEO says prior to its existence Black women averaged only $30,000 in fundraising

Arian Simone discusses how the Fearless Fund is changing the game when it comes to fundraising.

Transcript

00:00Women of color are the most founded entrepreneurial demographic, just the least funded.

00:04We are the nation's first venture capital fund that is built by women of color for women of

00:09color. And we invest in women of color co-founded businesses. They receive about 0.39% of all the VC

00:15funding while making up over 20% of the U.S. population. So the work that we do is very

00:21important. These people are more than deserving. Our success is very simple. Prior to the Fearless

00:26Fund's existence, black women had an average fundraise of $30,000. And we came on the scene

00:32cutting seven-figure checks. We have invested in almost 50 companies. Our women are phenomenal.

00:39They are getting eight-figure revenue, year-over-year growth, aggressive growth. Their

00:45next levels of capital infusion will position them for exits. They are doing extremely well.

00:51They're on the cover of everybody's magazines, everybody's lists, magazine lists.

00:55Give us some examples. Give us some examples while we're here.

00:56Examples? That's like picking a favorite kid.

00:58I know. I'm asking you to pick a favorite child on stage.

01:01How about you pick one child you love a lot to tell us about?

01:04Well, we love all of them.

01:05We love all of them.

01:06We love all of them.

01:06But I'll just give you a few. Partake Foods, Slutty Vegan, The Lip Bar,

01:1213 Loon. Those are just a few. But they are all amazing.