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Economic Freedom

All articles tagged with #economic freedom

Fearless Fund Fights Back: Black Venture Capital Firm Faces Lawsuit Alleging Racial Bias

Originally Published 2 years ago — by TechCrunch

Fearless Fund, an Atlanta-based fund that invests in women founders of color, has responded to a racial discrimination lawsuit filed against it by the American Alliance for Equal Rights (AAER). The fund stated that it is proud of its work and remains committed to providing economic opportunities for women of color. AAER accused Fearless Fund of racial discrimination over a grant program for Black-women-owned small businesses. The outcome of the lawsuit could have implications for venture capital investments and startup support. Fearless Fund recently raised a multi-million-dollar fundraise from Costco and Mastercard.

nation business business economic-freedom fearless-fund lawsuit racial-discrimination women-founders-of-color

Investment Manager Aims to Close Racial Wealth Gap

Originally Published 2 years ago — by CNBC

Investment manager Jim Casselberry, co-founder of Known, is using his four decades of investing experience to help bridge the racial wealth gap for people of color and the Indigenous population. Casselberry believes that the real solution to the problem lies in the capital markets, where the real money is found and managed, but where more than 98% of funds under management are controlled by old majority white firms. Known is a finance and asset management firm that works with founders, family offices, and large asset owners who value competitive returns as well as powerful long-term racial, social, and climate impact.

nation finance capital-markets economic-freedom finance investment-management known racial-wealth-gap