Fearless Fund barred from awarding grant to Black women founders
Experts and venture industry insiders following the Fearless Fund case remain dumbfounded as it continues to unfold.
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Experts and venture industry insiders following the Fearless Fund case remain dumbfounded as it continues to unfold.
The lawsuit represents a broader issue taking place, where seemingly politically motivated plaintiffs are challenging organizations that counter racial bias and advance equity.
The Fearless Fund suit is heating up in Atlanta’s 11th Circuit. A panel of three appellate judges on Saturday temporarily blocked Fearless Fund from awarding its $20,000 Fearless Strivers Grant to Black women entrepreneurs as the lawsuit filed against it makes its way through the courts. The American Alliance for Equal Rights (AAER), led by Edward Blum, who was behind the efforts to overturn affirmative action, sued Fearless Fund in August, alleging that its Strivers Grant program discriminates against non-Black women.
The anti-affirmative action activist behind the successful U.S. Supreme Court challenge to race-conscious college admissions policies is trying to use a
Federal judge ruled that Fearless Fund can continue handing out grants only to Black women as Edward Blum faced off against Al Sharpton.