TLDR:
Key Points:
- Arian Simone of Fearless Fund discusses the state of diversity, equity, and inclusion in venture capital.
- Fellow VCs, including Marc Andreessen and Ben Horowitz, have pledged support for Trump, causing tension in the industry.
Fearless Fund founder Arian Simone, during Fortune’s Brainstorm Tech event, addressed the state of diversity, equity, and inclusion (DEI) in venture capital. Despite facing challenges, Simone remains committed to promoting diversity in business.
The industry has seen a divide, with some high-profile VCs like Marc Andreessen and Ben Horowitz voicing support for former President Donald Trump. Their opposition to the Biden administration’s policies has led to tensions within the VC community.
Simone expressed frustration with VCs and tech leaders who oppose diversity initiatives, emphasizing that diversity is not only a social imperative but also good business practice. Fearless Fund, despite facing legal battles, remains dedicated to supporting Black women founders.
Simone highlighted the importance of advocacy for diversity in business, regardless of political affiliations. She called on the current administration to issue executive orders to protect marginalized communities and ensure equal opportunities in the entrepreneurial space.
The article also touches on other industry news, including Microsoft’s layoffs in the DEI team, new funding for EV charger company Itselectric, and partnerships in the sports and tech sectors.
