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The Latest Breaking News from 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.

Fortune

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.

Fortune

A Zoom call of 44,000 Black women raised $1.5M for Kamala Harris in 3 hours

Leaders including Rep. Maxine Waters, Fearless Fund's Arian Simone, and Jotaka Eaddy rallied support for Kamala Harris the day her presidential campaign was announced.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

As VCs pledge support for Trump, Fearless Fund's Arian Simone keeps fighting for diversity

VCs are at odds when it comes to DEI.

Fortune

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

As Wall Street pulls away from DEI, Goldman Sachs backs Black women: ‘Our commitment is strong’

The firm, expanding its diversity initiative, zeroed in on data that shows the economic case for investing in Black women

The Guardian - US

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The Fearless Fund grant for Black female business owners was ruled discriminatory by an appeals court. Here’s what may happen now.

Fearless Fund, an Atlanta-based VC firm, made headlines last week when a panel of the U.S. Court of Appeals for the 11th Circuit in Miami ruled that the firm suspend its Strivers Grant Contest. So, I thought I’d try to figure out what happens next and how Silicon Valley is…

Fortune

Trump-appointed judges strike down fund for Black female entrepreneurs

In a 2-1 ruling, judges found grant program run by Black-woman owned venture capitalist firm ‘likely to violate’ Civil Rights Act

The Guardian - US

Appeals court suspends grant program for Black women entrepreneurs

The panel of judges found that the lawsuit accusing the program of discrimination will likely prevail.

Axios

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

Black-Women-Only Grant Program Likely Violates Federal Law, Isn't Protected by First Amendment

From American Alliance for Equal Rights v. Fearless Fund Mgmt., LLC, decided today by the Eleventh Circuit, in an opinion by Judge Kevin Newsom, joined by Judge Robert Luck: [We hold that] the Fearless Strivers Grant Contest, an entrepreneurship funding competition open only to businesses owned by black women, [likely]…

Reason

Seven organizations the far right is targeting for diversity efforts post-affirmative action

Conservatives are taking legal action against public and private organizations that aim to aid women and people of color

The Guardian - US

DEI is a ‘strategic decision’ CEOs can make, business leaders tell companies

Diversity-focused groups outline concerns in letter to Fortune 500 companies amid conservative attacks on inclusivity initiatives

The Guardian - US

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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

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 Guardian - US

Diversity policies face ‘full-out attack’ in 2024, leading HR boss warns

President of the largest human resources organization in country says national shift following George Floyd’s 2020 murder is fading

WEKU

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.

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news in one place.

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Fortune

The head of Ukraine's investment promotion office says investing has skyrocketed since the start of the war

The war has ignited a sense of urgency from global power players to infuse fresh capital into the Ukrainian economy, or make reinvestments.

The Independent UK

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

Fortune

13 civil rights groups just formed a coalition to defend workplaces against the ‘anti-woke’ movement

"We need to make sure that we rise up because the threats to black and brown people in this country are very real," said Alphonso David, president and CEO of the Global Black Economic Forum.

Chicago Sun-Times

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.

Fortune

All Raise CEO discusses Fearless Fund lawsuit

Paige Hendrix Buckner was four months into her tenure when the Fearless Fund lawsuit dropped.

Fortune

The Fearless Fund founders have some strong words for the conservative activist group suing them

Founders Arian Simone and Ayana Parsons spoke about the lawsuit Thursday: “We are not scared,” said Simone.

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