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The Latest Breaking News from the Fearless Fund

The Fearless Fund, Hello Alice, and Robby Starbuck

Some CEOs tell me they prefer to support DEI quietly. I wonder what’s been scrapped or put on hold.

How 2 CEOs were united by legal battles to fund small businesses

How 2 CEOs were united by legal battles to fund small businesses

Conservative activists targeted the Fearless Fund and fintech Hello Alice. The suits are behind them, and the funds are back in action.

Fearless Fund counsel: The court ruling barring grants to Black women entrepreneurs should terrify CEOs

Fearless Fund counsel: The court ruling barring grants to Black women entrepreneurs should terrify CEOs

The Fearless Fund remains committed to its mission of investing in underrepresented groups, including Black women.

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A co-founder of the embattled venture capital firm Fearless Fund has stepped down as operating chief

One of the co-founders of an Atlanta-based venture capital firm that supports women of color has stepped down as chief operating officer as the company battles a lawsuit that has become emblematic of a conservative backlash against corporate diversity programs

The Independent UK

Court blocks grants to Black women entrepreneurs in case that could restrict DEI efforts by companies and charities

In a 2-1 vote on June 3, 2024, a panel of the U.S. Court of Appeals for the 11th Circuit held that the Fearless Foundation – the charitable arm of the Fearless Fund venture capital firm – must suspend its Strivers Grant Contest. The contest is limited to Black women…

The Conversation

A grant program for Black women business owners is discriminatory, appeals court rules

A U.S. federal court of appeals panel suspended a venture capital firm’s grant program for Black women business owners on Monday, ruling that a conservative group is likely to prevail in its lawsuit claiming that the program is discriminatory

The Independent UK

DEI opponents are using a 1866 Civil Rights law to challenge equity policies in the workplace

Opponents of diversity programs are increasingly banking on an 1866 civil rights law meant to protect Black people from economic exclusion as a way to challenge corporate diversity and equity policies as well as funding to Black-owned businesses

The Independent UK

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As legal challenges mount, some companies retool diversity and inclusion programs

As legal challenges mount, some companies retool diversity and inclusion programs

Conservative advocates have filed a growing number of legal challenges, encouraged by the Supreme Court’s June ruling ending affirmative action in college admissions

The Independent UK

US Supreme Court decision causes troubling new problems for Black female entrepreneurs

US Supreme Court decision causes troubling new problems for Black female entrepreneurs

Only 2.5% of the nation’s businesses are Black-owned.

A federal appeals court blocks a grant program for Black female entrepreneurs

A federal appeals court blocks a grant program for Black female entrepreneurs

The suit was brought by Edward Blum, the man behind the case against Harvard College that led to the Supreme Court dismantling affirmative action in higher education in June.

Judge refuses to immediately block grant program for Black women entrepreneurs

Judge refuses to immediately block grant program for Black women entrepreneurs

A federal judge in Atlanta is allowing a venture capital firm to continue offering a grant program only to Black women entrepreneurs

The Independent UK

A small venture capital player becomes a symbol in the fight over corporate diversity policies

A small venture capital player becomes a symbol in the fight over corporate diversity policies

A venture capital firm that has backed buzzy new companies has become symbolic of the fight over corporate diversity policies

The Independent UK

Lawsuit against venture capital for women of color is just a way to keep systemic racism in place

Lawsuit against venture capital for women of color is just a way to keep systemic racism in place

Edward Blum, who was behind the case that ended affirmative action in college admissions, has filed a lawsuit against the Fearless Fund, launched by two Black women entrepreneurs.

Chicago Sun-Times

Fund sued over grant program for Black women enlists prominent civil rights attorneys to fight back

Fund sued over grant program for Black women enlists prominent civil rights attorneys to fight back

Attorneys for an Atlanta-based venture capital firm being sued over a grant program investing in Black women have vowed to fight back against the lawsuit calling it misguided and frivolous

The Independent UK

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