This is slight variation on the theme of the Black Lives Matter vs All Lives Matter argument, and it's been addressed adequately on social media. The fund isn'

This is slight variation on the theme of the Black Lives Matter vs All Lives Matter argument, and it's been addressed adequately on social media. The fund isn't pointing out that "Only Black Founders Matter", it's saying that that group of people require attention at this point in time, and we're going to focus on them now and correct the systemic problems that have given them a disadvantage until this point in time. We'll get to everyone else next. The principle of using the water wagon to save the house that's currently burning applies. The people starting this fund have decided that focusing on this group is a good start, other groups will come later after the problem is clear enough.