Last month, a federal appeals court ruling enjoined The Fearless Fund from awarding grants to Black women entrepreneurs in the latest of a long string of attacks against diversity, equity, and inclusion (DEI) programs. The decision has troubling implications for every nonprofit, business, and individual in the United States.
The Fearless Fund and Fearless Foundation were created in 2018 to help address the disparities in venture capital funding for businesses founded by Black women and women of color. In 2022, only 0.1% of venture capital funding went to Black and Latino women founders and only 0.036% went to Black women.
