Ayana Parsons resigns from Fearless Fund amidst Lawsuit

Ayana Parsons has stepped down from Fearless Fund which she co-founded in the year 2019. Since the Atlanta-based venture capital firm faces encounters a lawsuit, Ayana has given up on her position as the general partner and chief operating officer.

Headquartered in Georgia, the Fearless Fund plays in the Venture Capital and Private Equity Principals industry while investing in businesses that are led by women of color. With clear intentions towards aiding women of color, Ayana and Arian Simone voyaged on their journey together when they established this firm.

Additionally, Ayana stated, “I remain steadfast in my support of the Fearless Fund and committed to the advancement of women and people of color. The best way I can that is to boldly focus on new strategies and tactics. Because if the courts are going to sideline our best practices, we need to design and implement alternatives. We must innovate.”

Admiring Ayana’s work, Arian added, “She had poured tireless hours into advising many of our portfolio companies. We are sad to see her go and wish her only the best in her new endeavors.”

Moreover, focusing on the lawsuit, it has targeted the firm’s Strivers Grant Contest that awards $20,000 to Black women-led businesses.