Would "STRAIGHT PRIDE" be considered homophobic?

I understand that the ones that tends to be more affected by matters concerning any sort of discrimination would be more prone to complain or speak out about it more. But why does there always seemed to be a massive double standard when it comes to certain people publicly embracing one's pride and either skin tone, sexuality, gender etc but anytime it is the other way around, it is considered either racist, sexist or wrong in any sort of way and we are chastise for it.

So shouldn't there be a "Straight Pride" as well to avoid segregation that most people complain about? Just a thought.
Would "STRAIGHT PRIDE" be considered homophobic?
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