How Ending a Grant for Black Women Made it Harder to Destroy DEI
Fearless Fund settled with anti-affirmative action activist Edward Blum — delaying the looming legal showdown over diversity initiatives in corporate America
Arian Simone, chief executive officer of Fearless Fund, speaks outside the US Supreme Court in Washington, DC, on March 14.
Photographer:Tom Brenner/The Washington Post /Getty ImagesFearless Fund, an Atlanta-based venture capital firm focused on financing women of color, announced it will close a program for Black female entrepreneurs after settling with anti-affirmative action activist Edward Blum.
At first glance, it reads like a clear cut win for Blum — after over a year of litigation, Fearless Fund got rid of the $20,000 grant initiative for Black women that the conservative legal activist argued was discriminatory and should be open to everyone.