Lawsuit against venture capital for women of color is just a way to keep systemic racism in place

Ayana Parsons (left), Jessica Alba and Arian Simone (right) at the Fearless Venture Capital Summit in Atlanta on August 18. Parsons and Simone launched the Fearless Fund to provide venture capital to women entrepreneurs of color. (Paras Griffin/Getty)

In the world of venture capital, the Fearless Fund is a relatively small player. 

In the last four years, it has invested $26 million and awarded $3 million in grants to about 40 businesses led by women of color. It’s a drop in an ocean of hundreds of billions: Last year, the value of venture capital invested in the U.S. was nearly $241 billion.