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NEW YORK (AP) — A venture capital firm has closed down a grant contest for Black women business owners as part of a settlement agreement with a conservative group that had filed a lawsuit alleging the program was discriminatory, both sides announced Wednesday.
2 days ago · The program offered $20,000 to each of four winners in an effort to help Black women build growth within the venture capital industry. To be eligible, a business must be at least 50% owned by Black women. Blum and three unnamed non-Black business owners alleged that the contest’s rules constituted a civil rights violation.
2 days ago · An Atlanta-based venture capital fund on Wednesday agreed to stop operating a program that awarded grants to small businesses run by Black women to settle a lawsuit by an anti-affirmative action ...
2 days ago · The Fearless Fund will shutter its grant program for Black women to end a lawsuit with affirmative action opponents, marking a major retreat by diversity advocates grappling with a legal...
3 days ago · Fearless Fund, a venture capitalist firm that invests in female entrepreneurs of color, has settled a discrimination lawsuit over a grant program specifically for Black women.. The lawsuit from ...
2 days ago · The fund is led by general partners Nia Batts and actress and activist Sophia Bush. In March, it received $11 million in funding for the Small Business Venture Capital Program from the Michigan ...
3 days ago · The Fearless Fund, an Atlanta-based venture capital firm, will shutter its grant program for Black women as part of a settlement, ending a year-long affirmative action battle. Here, co-founders and CEOs of The Fearless Fund Arian Simone (center left) and Ayana Parsons (center right) speak to journalists outside federal court in Miami on Jan. 31.
