Sept. 30's U.S. Court of Appeals for the Eleventh Circuit ruling in Atlanta, Georgia to pause grant applications supporting Black female founders by Fearless Fund is a significant setback for diversity and inclusion in the venture capital industry.
October 05, 2023 at 09:32 AM
5 minute read
Sept. 30′s U.S. Court of Appeals for the Eleventh Circuit ruling in Atlanta to pause grant applications supporting Black female founders by Fearless Fund is a significant setback for diversity and inclusion in the venture capital industry.
The lawsuit filed by the American Alliance for Equal Rights, a conservative group, alleges that Fearless Fund’s $20,000 small business grant program is racially discriminatory because it is only for Black women.
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The U.S. Court of Appeals for the Eleventh Circuit. (Photo: Rebecca Breyer/ALM)
