attorney Benjamin Crump and Founders Of Nation's leading black women-owned venture capital fund in response to discrimination lawsuit on August 10, 2023 in New York City. The U.S. Court of Appeals for the 11th Circuit has halted the Fearless Fund, a Black-owned venture capital firm, from awarding grants solely to Black women entrepreneurs. The court ruled that this practice likely violates Title 42 of the U.S.
She emphasizes the need for initiatives like the Fearless Fund’s grant program to address historical inequities and create more inclusive pathways for underrepresented entrepreneurs, She points out that less than 0.5% of venture capital goes to Black women founders, highlighting the persistent inequality in investment.“Blocking such efforts risks perpetuating the systemic barriers that have long hindered economic opportunities for marginalized communities. As long as there is adequate historical data to support the underrepresented treatment of these populations, there should be no issue with supporting initiatives that aim to rebalance and level the playing field.