Fearless Fund has urged a US appeals court to allow its grant program to resume, which awards funding to businesses run by Black women. The Fearless Fund Story To Date The American Alliance for Equal Rights (AAER) attacked Fearless Fund in August 2023 after it claimed the fund’s grant was racially discriminatory. The AAER, founded by Edward Blum, who was behind the Supreme Court’s affirmative action ruling, accused the grant program of violating Section 1081 of the Civil Rights Act of 1886. The US District, Thomas V. Thrash, initially ruled that Fearless Fund
Fearless Fund has filed an appeal against a court ruling that temporarily blocked their grant program for Black women entrepreneurs. The ruling came amid an ongoing lawsuit by the American Alliance for Equal Rights (AAER), which alleged the fund’s grant program was racially discriminatory. The Racial Bias Lawsuit Black-woman-owned venture capital fund Fearless Fund invests in women of color-led businesses seeking pre-seed, seed level, or series A financing. The AAER brought a lawsuit against them in August 2023. Notably, AAER founder Edward Blum is the conservative activist behind the Supreme Court’s affirmative
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.
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
Fearless Fund: VC Fund For WOC Responds To Racial Discrimination Lawsuit From Conservative Activists
Fearless Fund has responded to the lawsuit filed by the American Alliance for Equal Rights (AAER) after it accused them of racial discrimination. What happened? Conservative group American Alliance for Equal Rights, founded by Edward Blum, brought a lawsuit against Fearless Fund, which supports women of color who own small businesses. The lawsuit accuses Fearless Fund of violating Section 1982 of the Civil Rights Act of 1886, which bars racial bias in private contracts, by opening its grant competition to Black women alone. Lawsuits brought by Blum and the conservative group led
Conservative group American Alliance for Equal Rights, founded by Edward Blum, has brought a lawsuit against Fearless Fund, which supports women of color who own small businesses. Reuters reports that the lawsuit accuses Fearless Fund of violating Section 1981 of the Civil Rights Act of 1866, which bars racial bias in private contracts by opening its grant competition to Black women alone. Lawsuits brought by Blum and the conservative group led to the June Supreme Court’s ruling to shut down affirmative action, barring universities and colleges from considering race in their
