A federal court has temporarily blocked Fearless Fund’s grant program for Black women entrepreneurs amid an ongoing lawsuit by the American Alliance for Equal Rights. The decision reverses last week’s ruling by US District Judge Thomas V. Thrash, ultimately denying the conservative group’s allegation that the program was racially discriminatory. The Lawsuit Against Fearless Fund Fearless Fund invests in women of color-led businesses seeking pre-seed, seed level or series A financing. The American Alliance for Equal Rights, founded by Edward Blum, brought a lawsuit against Fearless Fund in August 2023.
Latine communities start more businesses per capita than any other racial group in the United States. Latine or Hispanic-owned businesses also contribute over $800 billion annually to the nation’s economy. However, they often face challenges accessing the capital, resources, and support needed for the businesses to thrive. For example, in 2022, Latine and Hispanic founders received just 1.5% of venture capital funding, a drop from 2.5% the previous year. So, this Hispanic Heritage Month, we have compiled a list of resources to empower Latine tech founders nationwide! Resources For Tech Founders SoftBank
Digital Currency Group (DCG) has announced that Professor Tonya Evans, a blockchain and digital assets expert, is joining its Board of Directors. DCG, founded in 2015 by Barry Silbert, is a venture capital company focused on the digital currency market that builds and supports bitcoin and blockchain companies. With investments in over 200 companies in 35 different countries, its mission is to accelerate the development of a better financial system. Meet Prof Tonya Evans Evans is a global leader and academic with over 20 years of experience in law, technology,
A Florida State University researcher has been awarded the largest National Science Foundation (NSF) career grant in the university’s history. The award is one of the NSF’s most prestigious, designed to support early-career faculty who showcase outstanding scholarship through their research and contributions to education. Dr Yolanda Rankin Yolanda Rankin, an associate professor in the School of Information, was awarded a five-year $1.5 million grant to support her research on Black women’s careers in computing. Her approach prioritizes understanding and valuing the perspectives of Black women. Her work delves into
A federal judge in Georgia ruled that Fearless Fund, a venture capital fund for women of color, can continue offering a grant program only to Black women entrepreneurs. On Tuesday, the judge refused to issue an injunction blocking the program after a lawsuit alleged it engaged in “explicit racial exclusion”. The Lawsuit Against Fearless Fund The American Alliance for Equal Rights, founded by Edward Blum, brought a lawsuit against Fearless Fund in August 2023. It targeted the fund’s Fearless Strives Grant Contest, which awards Black women who own small businesses
The Royal Society, an independent scientific academy in the UK, has launched a Career Development Fellowship for underrepresented groups in Science, Technology, Engineering and Mathematics (STEM). The Career Development Fellowship The fellowship aims to provide early career scientists from underrepresented groups in STEM with research funding and high-quality training opportunities. The four-year postdoctoral research fellowship will initially run as a pilot with researchers of Black heritage. If successful, it will be broadened to researchers from other underrepresented groups. Reports from the Royal Society, which looked at trends across 11 years of
Two Black TikTok workers have formed a complaint to the US Government’s Equal Employment Opportunity Commission (EEOC) about racism and discrimination they faced at work. Nnete Matima and Joel Carter have accused TikTok’s parent company of racism and retaliation, alleging ByteDance Ltd. terminated their contracts after they spoke up about the discrimination. Nnete Matima Matima told CNN she was attracted to work at TikTok because the social media platform was “built upon Black culture” and the work of Black creators. After seeing TikTok’s pledge of support for the Black community
The economic influence of Latine and Hispanic communities is on the rise. Nearly 5 million businesses in the US are Latine or Hispanic-owned, contributing over $800 billion annually to the nation’s economy. Latine and Hispanic communities are not just big contributors; they’re also big spenders. According to Nielson, their buying power surpasses the GDP of countries like Australia, Mexico, and Spain. So, this Hispanic Heritage Month, we’re spotlighting the online directories that help consumers connect with these Latine and Hispanic businesses nationwide. 1. Shop Latinx Shop Latinx, founded by Brittany
Big Tech companies are being probed about the treatment of their “ghost workers” by Democratic lawmakers. Ghost work refers to the undervalued, underpaid, and undersupported human labor utilized to develop and maintain the automation of websites and apps. This work is often outsourced, hidden, or rendered invisible by the tech companies who request it. With the rise of generative AI, this work often includes training and improving algorithms. According to Just Tech, ghost workers are usually vulnerable people from Asia, Latin America and Africa who are being paid less than
Black and Hispanic employees receive lower-quality feedback on their job performance, leading to poor retention, a new study has found. For the second year in a row, Textio’s annual Language Bias in Performance Feedback report found that employees receive personality feedback based on race and gender stereotypes. Last year’s findings showed that women, Black and Hispanic people, and those over 40 systematically received lower-quality and biased feedback at work. This year, the study investigated the connection between feedback quality and employee retention and found a clear link between the two.
