Black Founders Matter ousts Black founder, morphs into BFM Fund

Plenty of pixels have been spilled documenting the mission of Black Founders Matter, from TechCrunch to The New York Times.

What began in 2018 as an apparel company aimed at raising awareness of the dearth of capital allocated to Black founders eventually morphed into a fund and a pledge to nudge venture capitalists toward investments in BIPOC women founders.

On May 31, days before the story about the pledge was published on TechCrunch, the fund presented its founder, Marceau Michel, with an offer to resign.

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