Black women are becoming more fearless.
Every day, Black women are putting their future in their own hands by launching startups and small businesses that they are passionate about.
However, even though we are among the fastest-growing group of entrepreneurs, the odds of our business failing is still up against us.
Starting a business is easy, but making it scalable and able to last the test of time is what’s hard.
Many Black women have incredible, game-changing businesses, but often a lack of capital and experiencing situations of running out of money (aka oxygen) kill our businesses. As an Angel Investor and good friend of mines once said, “Money for an entrepreneur is like oxygen. And just like real life, when you run out of oxygen, you die.”
Depending on what kind of business you currently have, what kind you are building, and your goals, seeking out funding is a viable option.
However, for years there has been inequality in the world of raising capital for Black entrepreneurs. Consequently, many Angel Investors, Venture Capitalists, organizations, and business leaders have been working hard to change this narrative.
Recently, serial entrepreneur, philanthropist, best-selling author, and PR and marketing guru Arian Simone launched the Fearless Fund along with actress and entrepreneur Keshia Knight Pulliam. Outside of being the familiar face we saw growing up on The Cosby Show, Keshia is now a fearless business leader, the founder of the spice line Keshia’s Kitchen and the mastermind behind the nonprofit The Kamp Kizzy Foundation.
Since its recent initiation, the Fearless Fund has hosted pitch competitions at the Facebook & Spanx Headquarters and has partnered with major brands like Coca-Cola, UrbanSkinRX, and Bumble.
Fearless Fund, built by women of color for women of color, invests in women of color led businesses seeking pre-seed, seed level or series A financing. Their mission is to bridge the gap in venture capital funding for women of color founders building scalable, growth aggressive companies.
So far, Fearless Fund has already launched a $5 Million Dollar VC Fund and has partnered with advisors like Opportunity Hub CEO, Rodney Sampson, and The 22 Fund Managing Partner, Tracy Gray. Early investors for Fearless Fund include actress and producer, Marsai Martin, celebrity OBGYN, Dr. Jacqueline Waters, the Chattanooga VC fund, and The JumpFund just to name a few.
Check out their portfolio of startups here and stay connected with them so you’re aware of upcoming pitch competitions, programs, and other upcoming opportunities for female entrepreneurs of color.