The Washington Post on Nostr: Fearless Fund settles with DEI foes, ends grant program for Black women ========== ...
Fearless Fund settles with DEI foes, ends grant program for Black women
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Fearless Fund will end its grant program for Black women to settle a lawsuit with affirmative action opponents; the decision follows a ruling by the U.S. Court of Appeals for the 11th Circuit; Edward Blum, a conservative activist, argues race-exclusive programs are illegal; the lawsuit was initiated after the Supreme Court's June 2023 ruling against race-conscious admissions; Rev. Al Sharpton advised settling due to poor odds of victory; over 100 lawsuits challenging DEI programs have been filed since 2021; Black-founded startups received only $705 million in 2023, a 71% drop from 2022; legal experts warn of a chilling effect on funding for minority-owned startups.
#FearlessFund #Dei #Lawsuit #BlackWomen #ArianSimone #EdwardBlum #SupremeCourt #Funding #Startups #Diversity
https://www.washingtonpost.com/business/2024/09/11/fearless-fund-edward-blum-settlement/
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Fearless Fund will end its grant program for Black women to settle a lawsuit with affirmative action opponents; the decision follows a ruling by the U.S. Court of Appeals for the 11th Circuit; Edward Blum, a conservative activist, argues race-exclusive programs are illegal; the lawsuit was initiated after the Supreme Court's June 2023 ruling against race-conscious admissions; Rev. Al Sharpton advised settling due to poor odds of victory; over 100 lawsuits challenging DEI programs have been filed since 2021; Black-founded startups received only $705 million in 2023, a 71% drop from 2022; legal experts warn of a chilling effect on funding for minority-owned startups.
#FearlessFund #Dei #Lawsuit #BlackWomen #ArianSimone #EdwardBlum #SupremeCourt #Funding #Startups #Diversity
https://www.washingtonpost.com/business/2024/09/11/fearless-fund-edward-blum-settlement/