Chicago Inno: "Steadfast and Fearless: Chicago VCs balk at Fearless Fund lawsuit, growing backlash against diversity efforts"

By Alex Zorn - Staff Reporter
August 29, 2023, 02:09pm CDT

Black and Latino founders received only 1% and 1.5% of total U.S. venture capital funding, respectively, in 2022. But venture firms that look to address that disparity directly could face trouble as a lawsuit filed in Georgia brings the battle against race-based policies to the venture capital world.

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