Arian Simone & Keshia Knight Pulliam On The Why Behind Their $5 Million Dollar Investment In Black Women
The table is where bread is broken and deals are made, but sadly, for generations, Black women have been barred from taking their rightful seat. Statistics show that although women of color are starting businesses more than any other demographic, they are also the least funded, proving that even today, we are not only lacking a seat at the table, but a place in the room.
This was a conundrum that didn't sit well with author and entrepreneur Arian Simone, who recently joined forces with Emmy-nominated actress Keshia Knight Pulliam to launch The Fearless Fund, a company that is on a mission to invest $5 million dollars in aggressive, scalable businesses owned by women of color that are seeking pre-seed, seed, or Series A stage funding.
The Fearless Fund aims to invest time, mentorship, and anywhere between $50-250,000 in early-stage, high-growth WOC-led ventures that have established at least $100,000 in revenue. According to Keshia and several other studies that prove that women in business are lit, although venture capitalism can be a gamble, betting on Black women always pays off. "Honestly, we are the sure bet. We are the people we should be betting on because we're having so much success in the space."
This is the reason that Arian, Keshia, and their investment partners have chosen to invest in companies like EnrichHer, a company that recently won the Fearless Fund's pitch competition at Facebook's Headquarters, that is not only profitable but has the potential to sustain a long-term relationship.
@dewaynerogers
Arian, the best-selling author of Fearless Faith + Hustle: 21 Day Devotionaltold xoNecole that as an entrepreneur at heart for the past 20 years, spearheading The Fearless Fund was a destiny that, for her, was both necessary and inevitable. Today, the serial entrepreneur has now become a boss in her own right but says she'll never forget the lessons she learned when she was a broke college student.
"I promised myself then, 'Arian, one day you need to be the investor that you're looking for," Arian shared. "Women of color are starting businesses more than anybody else, but they're the least funded. Women right now are getting 2% of venture capital funds and women of color are getting less than 1% and there's no need for that."
Historically, the table can be the most important piece of furniture in the whole damn establishment, and since Black women couldn't find a seat, Arian and Keshia built one. The duo recently sat down with xoNecole and spilled the tea on everything you need to know to break into the investors' club the right way.
Here are four things you need to know before seeking investment and giving up equity in your business:
1. Know How It Works
I must admit, Shark Tank is my sh*t, but after my conversation with Arian and Keshia, I discovered that there is a lot I don't know about the world of venture capitalism. Although it may sound great to have a mogul give you a couple hundred stacks to play with, the investment industry is not a game.
Although The Fearless Fund is here for all of the empowerment, the goal of their company is to eventually make their money back with interest. Arian told xoNecole, "The goal, of course, is you want to select companies that cover the cost of the actual fund. And in addition to that, you want them to have a strategy to exit the fund within a certain period of time."
Although seeking an investor may be a viable option for some companies, Arian explained that additional capital is not always needed to maintain a thriving business. "Some businesses do not need venture capital. Some businesses, depending on where they're looking for growth and scale, you need the capital in order to do that."
Ultimately, these bosses agreed that making the decision to give up equity in a company is a decision that each founder has to make individually based on their company's needs. "That's a discussion for each founder, based upon their business and where their own resources lie and what their end goal is. What is their exit strategy? Are they looking to get acquired? A lot of that is based on where you are in your company," Arian shared.
Keshia added, "Depending on what the end strategy is, you need to know how much equity are you leaving on the table for other investors."
2. Vet Your Relationships
Securing an investment from a partner isn't for the faint of heart, it's a long-term commitment that you need to investigate thoroughly before you make any deals. Arian and Keshia warned of the importance of vetting your check because if that investor just so happens to leave the relationship, they leave with the equity you gave up in the initial business deal. Arian explained, "I think something that a lot of people don't realize is that for a company, once you get to the pinnacle, a lot of the times, the founder of the company only really has maybe 20 to 25% ownership in that company."
It is for this reason, Arian says, that you should make sure you're getting in bed with one helluva partner. She continued, "With that being said, you want to make sure that they're aware this is a long-term relationship, that this is a good marriage."
Nothing in this world is free, especially not money, and it's important to keep this in mind when you're giving up ownership of your company. So when it's time to give some equity in your business in exchange for capital, make sure you think before you let it go, sis.
3. Invest In You First, Sis
Along with being aware of your strengths and weaknesses, Arian and Keshia also noted the importance of putting your money where your mouth is. To this dynamic duo, one of the most attractive traits of a potential investment is being able to see that they invested in themselves, first. Keshia said bluntly, "You can't expect people to believe and put all of their money and efforts behind your business if you're not."
Arian agreed with this sentiment and affirmed that it's hard to believe in someone who doesn't believe enough in herself. "That's really important because you're going out here and asking people to invest in your dream, but how invested are you in your dreams? And I feel me that's a telltale sign, because someone who's truly invested, truly dedicated and has already shown that they put in the work and the sweat equity, is important."
4. Pay It Forward
Fruit doesn't grow from the vine to be eaten by the tree. Let that sink in for a minute. One of the most telling signs of a boss is her need to put others on, and Arian and Keshia think it's time for you to boss up too, sis. According to these ladies, the most effective way to level up your life is to pour into someone else's. Keshia stated, "We are a collective, and Arian and I both operate from a space of abundance and knowing that there is enough for everybody. And when you've been poured into, even though yes, it's an investment that we expect a return on, there are so many other layers that are poured that are shared."
Even though these women are at a place in their lives where they can easily kick their feet up and relax, they've chosen to dedicate their lives to creating a table where we can all thrive together. "Empowerment will happen. When you are in the place where you can then pay it forward to ensure that you do it too."
Keep up with Keshia and Arian's latest projects by following them on Instagram and learn more about the Fearless Fund at Fearless Fund.
Featured image by @dewaynerogers.
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Taylor "Pretty" Honore is a spiritually centered and equally provocative rapper from Baton Rouge, Louisiana with a love for people and storytelling. You can probably find me planting herbs in your local community garden, blasting "Back That Thang Up" from my mini speaker. Let's get to know each other: @prettyhonore.
ItGirl 100 Honors Black Women Who Create Culture & Put On For Their Cities
As they say, create the change you want to see in this world, besties. That’s why xoNecole linked up with Hyundai for the inaugural ItGirl 100 List, a celebration of 100 Genzennial women who aren’t afraid to pull up their own seats to the table. Across regions and industries, these women embody the essence of discovering self-value through purpose, honey! They're fierce, they’re ultra-creative, and we know they make their cities proud.
VIEW THE FULL ITGIRL 100 LIST HERE.
Don’t forget to also check out the ItGirl Directory, featuring 50 Black-woman-owned marketing and branding agencies, photographers and videographers, publicists, and more.
THE ITGIRL MEMO
I. An ItGirl puts on for her city and masters her self-worth through purpose.
II. An ItGirl celebrates all the things that make her unique.
III. An ItGirl empowers others to become the best versions of themselves.
IV. An ItGirl leads by example, inspiring others through her actions and integrity.
V. An ItGirl paves the way for authenticity and diversity in all aspects of life.
VI. An ItGirl uses the power of her voice to advocate for positive change in the world.
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A Therapist Breaks Down The Internet's Fixation On The Black Cat-Golden Retriever Dynamic
In the realm of love and relationships, there's a growing interest in the idea of opposites attracting. This concept is gaining traction on platforms like TikTok, where users explore how different personality types interact in romantic partnerships. One popular comparison is between the "golden retriever" and "black cat" archetypes.
According to Urban Dictionary, the golden retriever, typically portrayed by men, embodies a relaxed and friendly demeanor, making relationship maintenance seem effortless. These individuals are described as easygoing, patient, loyal, socially adept, and optimistic. On TikTok, many women are intrigued by the prospect of finding partners with these qualities.
In contrast, the black cat, often represented by women, leans towards introversion and independence. They're mysterious, quiet, and introspective, preferring to be pursued rather than doing "the chasing" in relationships.
@annakrstna Replying to @BeckyAmi part II coming soon❤️ #femmefatale #blackcat #blackcatenergy #dating #marriage #datingadvice #princesstreatment #feminine #feminineenergy #relationship #sprinklesprinkle #celebrity #femininenergy #love
This dichotomy reflects the anxious-avoidant attachment dynamics in psychology (pursuer-distancer cycle), where one partner seeks closeness (golden retriever) while the other values autonomy (black cat).
The Black Cat Golden Retriever Archetypes & Attachment Styles
Attachment theory suggests that early caregiving experiences shape our attachment styles, influencing how we relate to others. Anxious individuals seek reassurance, while avoidant individuals prioritize independence. However, not every instance of the black cat/golden retriever dynamic indicates underlying insecurities. Individuals can embody these personas without necessarily being insecure or exhibiting unhealthy attachment patterns.
For instance, a golden retriever's desire for closeness may come from a secure attachment style, rooted in self-worth and trust in others. Conversely, a black cat's preference for autonomy doesn't always indicate avoidance; they may simply value their independence, and it's relatively easy for them to connect and disconnect when needed. Understanding these dynamics requires personalized individual/couples assessment, ideally with a licensed therapist.
The Black Cat Golden Retriever Roles in Relationship Success
A prevailing notion in this discussion that's sparked a lot of conversation is the idea that when a woman takes on the role of the golden retriever in a relationship with a black cat partner, the dynamic is more likely to fail. (I've experienced this firsthand, even in my own past relationships, and I've seen it play out in my own life.) Conversely, when the roles are reversed, the relationship tends to thrive. But why does this happen?
Historically, men have been socialized to take on the role of the pursuer, while women are expected to be more passive recipients of romantic advances. From a biological standpoint, some researchers argue that evolutionary instincts may play a role in shaping mating behaviors. Evolutionary psychology suggests that men may be inclined to pursue potential mates to maximize their reproductive success. This perspective suggests that men may have evolved to seek out partners and compete for their attention and affection.
@annakrstna Replying to @Tina Kaur #love #dreamgirl #beauty #relationship #dating #datingadvice #femmefatale #feminineenergy #desire #obsession #darkpsychology #sprinklesprinkle #femininity #psychology #selflove
Additionally, societal expectations and cultural norms can heavily influence gender roles and relationship dynamics. From a young age, boys may be socialized to take initiative, assert themselves, and pursue their romantic interests actively. On the other hand, girls may be encouraged to adopt more passive roles, waiting for suitors to express interest or make romantic gestures.
As much as there's a lot of conversation about gendered expectations and societal norms, it's crucial to recognize that these expectations aren't universally applicable. Not all individuals adhere to traditional gender norms, and people express a wide array of behaviors and preferences in romantic relationships. Research indicates that attitudes towards pursuit and courtship have evolved over time and differ across cultures.
In today's society, there's a growing recognition of the significance of mutual consent, communication, and reciprocity in romantic relationships. Many individuals, irrespective of gender, prioritize egalitarian principles and seek partnerships founded on mutual respect, understanding, and collaborative decision-making.
The Black Cat & The Problem With 'Acting' Secure in Dating
Delving deeper, there's a growing conversation surrounding the distinction between acting secure and authentically embodying security in relationships. True security stems from a deep-rooted sense of self-assurance and a healthy understanding of one's needs and boundaries. Secure individuals don't feel compelled to mask their vulnerabilities or play games to attract a partner; they attract healthy relationships by being genuine and self-assured.
Contrastingly, attempting to mimic secure behavior without addressing underlying insecurities can lead to relational pitfalls. Pretending to be nonchalant or aloof may initially attract a partner, but it ultimately creates a façade that crumbles under the weight of emotional triggers and unresolved attachment wounds.
Authenticity and vulnerability form the bedrock of secure relationships, fostering trust and mutual understanding.
Most importantly, whether you identify as a black cat or a golden retriever in relationships, it's best to find someone who genuinely loves you for who you are. Connect with people who appreciate you instead of engaging in games or "acting secure," because even secure individuals have vulnerabilities and weaknesses. People need to see the real you to truly connect with you.
Transitioning from acting secure to being secure requires introspection and self-awareness. Here are some tangible tips to cultivate genuine security in relationships:
1. Reframe Your Beliefs About Love and Relationships:
Challenge any negative beliefs or misconceptions you may hold about love and relationships. Recognize that healthy relationships are built on mutual respect, trust, and compatibility, rather than scarcity or desperation.
Cultivate a mindset of abundance, believing that there are plenty of opportunities for meaningful connections and fulfilling partnerships; you just have to be the person you want to attract and refrain from entertaining anything less.
2. Develop Self-Confidence:
Invest in building your self-confidence and self-worth independent of external validation or romantic relationships. Foster a sense of independence and autonomy in your life. Develop interests, goals, and aspirations that are separate from your romantic relationships, and invest in your personal growth and development. Engage in activities and hobbies that bring you joy and fulfillment, and don’t abandon those hobbies just because you met someone new or you’re in a new relationship.
3. Set Realistic Expectations:
Avoid placing unrealistic expectations on yourself or your partner in relationships. Recognize that no relationship is perfect, and both partners will inevitably experience challenges and setbacks. Instead of striving for perfection, focus on building a strong foundation of mutual respect, understanding, and communication. Embrace the ups and downs of relationships as opportunities for growth and learning.
4. Emotional Regulation:
Develop healthy coping mechanisms for managing emotions and navigating conflict constructively. Prioritize self-care and cultivate resilience in the face of challenges.
5. Practice Patience and Acceptance:
Understand that finding a compatible partner and building a fulfilling relationship takes time and patience. Avoid rushing into relationships out of desperation or fear of being alone. Trust in the process and have faith that the right person will come into your life at the right time. Practice acceptance of yourself and others, recognizing that everyone has their own journey and timeline when it comes to love and relationships.
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Featured image by Amber N Ford/Getty Images