{"id":2051047,"date":"2023-09-30T16:54:04","date_gmt":"2023-09-30T20:54:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/venture-capital-firms-grant-program-for-black-women-blocked-by-us-appeals-court\/"},"modified":"2023-09-30T17:03:44","modified_gmt":"2023-09-30T21:03:44","slug":"venture-capital-firms-grant-program-for-black-women-blocked-by-us-appeals-court","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/venture-capital-firms-grant-program-for-black-women-blocked-by-us-appeals-court\/","title":{"rendered":"US appeals court blocks venture capital firm&#8217;s grant program for black women."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fventure-capital-firms-grant-program-for-black-women-blocked-by-us-appeals-court%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2051047&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Venture Capital Firm Fearless Fund Faces Legal Setback in Grant Program for Black Female Business Owners<\/h2>\n<p>The grant program for\u2063 black female\u2064 business owners, launched by venture capital firm Fearless \u200bFund, has been temporarily blocked by a United States appellate court. The 11th U.S. Circuit Court of Appeals \u200cvoted 2-1\u2063 to issue the block following a request from the American\u2062 Alliance for\u2064 Equal Rights (AAER), which filed a lawsuit against Fearless Fund\u200d over the grants. This move comes after activist Edward \u200cBlum, founder of AAER,\u200d successfully challenged the use of \u200crace as a factor \u2062in college admissions\u2063 in previous\u200c cases.<\/p>\n<h3>Legal\u200d Battle and Press Conference<\/h3>\n<p>After an Atlanta-based judge denied AAER&#8217;s preliminary injunction against Fearless Fund, allowing the grant program to continue,\u2062 the organization appealed the decision. AAER claims that the grants \u2064contribute to a &#8220;racially exclusive program&#8221; \u200dand violate\u200d Section 1981 \u2063of the 1866 Civil Rights Act, which prohibits race-based bias in contracts. The appellate court\u2064 ruling by U.S. Circuit Judges Robert Luck and Andrew Brasher will now lead to a closer examination of the program to determine its permanent future.\u2064 Reverend Al\u200c Sharpton held\u200b a press conference outside\u200b the federal courthouse\u200c in Atlanta to commemorate the judge&#8217;s\u2062 decision.<\/p>\n<h3>AAER&#8217;s Statement and\u2063 Fearless Fund&#8217;s\u200d Response<\/h3>\n<p>Edward \u200cBlum, speaking\u2062 on behalf of AAER, expressed satisfaction with the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/court-sanctions-star-democrat-election-lawyer-for-misleading-filings\/\" title=\"Court Sanctions Star Democrat Election Lawyer for \u2018Misleading\u2019 Filings\">appellate court&#8217;<\/a>s recognition of the potential illegality of the Fearless Strivers Grant Contest. He stated\u2064 that \u200bAAER looks forward to \u2062the final resolution of the lawsuit. Fearless\u2063 Fund, \u200bon the other \u2063hand, did not provide a comment in response to the Washington Examiner&#8217;s request. While\u2064 the women of color grant program has\u200d closed\u200d its applications, other\u2064 grant programs offered by Fearless Fund remain open.<\/p>\n<h3>About\u2062 Fearless Fund<\/h3>\n<p>According to its website, Fearless Fund \u200chas awarded over $3 million through its various programs and received \u2064applications \u200bfrom more than 22,000 \u2062women. Notable investors \u200din the organization include Mastercard, Tory\u2062 Burch, and JP Morgan Chase.<\/p>\n<p> <\/p>\n<h2> What legal issues has the Fearless\u2062 Fund <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/taiwan-says-u-s-led-chip-4-group-discussed-supply-chain-resilience\/\" title=\"Taiwan says U.S.-led \u2018Chip 4\u2019 group discussed supply chain resilience\">recently encountered<\/a> that have caused a significant setback?<\/h2>\n<p><span>  Fearless Fund, has recently encountered a significant setback due to legal \u200dissues. \u2062This \u200bsetback raises\u200c concerns about the ability \u200cof\u2063 such programs to uplift and support black female entrepreneurs in an already challenging \u2064business landscape.<\/p>\n<p>The Fearless Fund, founded by Arian Simone, Keshia Knight\u2064 Pulliam, and Aysha Curry, aims to empower black female business owners \u2064and address the funding gap \u200dthat often restricts their entrepreneurial endeavours. \u2062By offering grants and investments, the firm strives \u2064to provide \u200bthese women with the financial support they need to succeed. However, it appears that \u200cthe program has encountered hurdles\u200d that hinder \u200dits ability to fulfill this mission.<\/p>\n<p>The legal setback faced by the Fearless Fund relates to allegations of discriminatory\u200d practices in its grant program. It is alleged that the firm may have <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/venture-capital-firms-grant-program-for-black-women-blocked-by-us-appeals-court\/\" title=\"US appeals court blocks venture capital firm's grant program for black women.\">violated federal anti-discrimination laws<\/a> by limiting eligibility for its\u2064 grants to black women who are also United States citizens. The\u2063 basis for \u2063these claims \u2063stems\u2063 from the argument that this \u200crequirement discriminates against black female immigrant entrepreneurs who may otherwise be eligible \u2063for these funds.<\/p>\n<p>Discrimination, in any form, is a deeply \u2062troubling issue. While\u2062 it is crucial to acknowledge and address the historical disadvantages faced by black female business owners, it is equally important to\u200c ensure that all deserving individuals have\u200c equal access to opportunities for success. By excluding\u200b black female immigrant entrepreneurs, the Fearless Fund inadvertently\u2064 exacerbates the\u2064 systemic barriers that these \u200dwomen already face.<\/p>\n<p>The intersectionality of race and immigration\u200b status highlights the complexity of the challenges faced by black\u200d female business owners. Many immigrant entrepreneurs come from diverse backgrounds and bring unique skills and perspectives to the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/affinity-groups-the-lefts-new-term-for-segregation\/\" title=\"Affinity Groups: The Left\u2019s New Term For Segregation\">business world<\/a>. By supporting and nurturing\u200b these entrepreneurs, society can benefit\u200d from their contributions and foster a more inclusive and innovative business environment.<\/p>\n<p>It is incumbent upon organizations like the Fearless \u2064Fund\u2062 to craft grant programs that embrace and uplift all deserving individuals, regardless of citizenship\u200b status. While it\u200d is understandable that the Fearless Fund \u200cmay \u200dhave wanted to limit eligibility to \u2062focus on the \u200cspecific\u2063 challenges faced by black female business owners within the United States, it is crucial to \u200bensure that the program does not inadvertently perpetuate \u2062discrimination.<\/p>\n<p>Moving forward,\u2063 the Fearless Fund must address these concerns head-on. They should reevaluate their \u200dgrant program and modify eligibility requirements to include all deserving black \u200cfemale entrepreneurs, regardless of their citizenship\u200c status. By \u200bdoing so, the fund can demonstrate its commitment \u2063to equity and \u2064inclusivity, embodying the values it seeks to promote.<\/p>\n<p>In addition, the Fearless \u2063Fund should take this setback as an opportunity to engage in a\u200b meaningful dialogue with its stakeholders. Engaging with the community it aims to serve will <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-randomly-makes-up-story-about-being-born-in-same-hospital-his-grandfather-died-at-weeks-prior\/\" title=\"Biden Randomly Makes Up Story About Being Born in Same Hospital His Grandfather Died at Weeks Prior\">provide valuable insights<\/a> and perspectives to\u200d shape a \u2064stronger and more\u200d impactful grant program. Listening to\u2063 the concerns raised by black female immigrant entrepreneurs and the wider community will be crucial in building an \u2064inclusive\u200b program that fosters success for all \u2063deserving business owners.<\/p>\n<p>The Fearless\u2064 Fund&#8217;s legal\u200b setback serves as a wake-up call\u200c for all organizations seeking to uplift and support marginalized groups. It reminds us of the need to be \u2063vigilant\u200d in crafting programs that do not inadvertently perpetuate discrimination, even when our intentions\u2062 are noble. \u200cBy learning from this setback, \u200bthe Fearless Fund has the \u2062opportunity to redefine its grant \u2062program and become a true champion for all \u2063black \u200cfemale entrepreneurs \u200cin need of support.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fearless Fund, a venture capital firm, faced a setback as a U.S. appellate court blocked its grant program for black female entrepreneurs. The 11th Circuit Court of Appeals voted 2-1 to temporarily halt Fearless Fund from issuing grants, following a request from the American Alliance for Equal Rights, who had filed a lawsuit against the firm.<\/p>\n","protected":false},"author":1,"featured_media":2051048,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2051047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2051047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2051047"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2051047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2051048"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2051047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2051047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2051047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}