One of the co-founders of an Atlanta-based venture capital firm that supports women of color has stepped down as chief operating officer as the company battles a lawsuit that has become emblematic of a conservative backlash against corporate diversity programs.
Ayana Parsons confirmed in a statement that she has stepped down as general partner and chief operating officer of the Fearless Fund, which she co-founded in 2019 with Arian Simone to address the wide racial disparity in funding for businesses owned by women of color.
