Venture

Healthcare Executive Transitions to Venture Capital to Lead Transformation of Summa Health System into For-Profit Organization with Tech Solutions and Innovations

Salt Lake City, Utah – Once a prominent figure in the healthcare industry, Dr. Marc Harrison made an unconventional career move by joining venture firm General Catalyst in late 2022. With a background in leading medical systems, including a recent stint as CEO of Intermountain Healthcare in Utah, Harrison now spearheads a unique venture to transform Summa Health, a nonprofit health system in northeast Ohio. Under the new ownership of General Catalyst, Summa Health is …

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Appeals Court Blocks Venture Capital Firm from Issuing Grants for Black Women-Owned Businesses in Civil Rights Battle

Atlanta, GA – The U.S. Court of Appeals for the 11th Circuit recently made a significant ruling regarding a venture capital firm based in Atlanta. The court has decided to temporarily halt the firm from issuing grants exclusively reserved for Black women-owned businesses. The decision was based on concerns that such a practice might lead to discrimination against business owners of other racial backgrounds. The case revolves around the Fearless Fund, a venture capital firm …

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