For months, the Atlanta-based, Black-owned and women-led venture capital firm Fearless Fund has faced a lawsuit.
The conservative nonprofit American Alliance for Equal Rights filed the suit against the firm in August, saying that Fearless Fund’s $20,000 grant program, Fearless Strivers Grant Contest, violates the Civil Rights Act of 1866.
This all comes at a time when data shows Black business owners and Black entrepreneurs across the country face many unique challenges, including systemic racism, a lack of access to venture capital funds, barriers to accessing support services and networking opportunities, and inequitable access to business education.
Read this story now for free
To continue reading, sign up for our newsletter and get unlimited access to WABE.org
You can select your preferences for news and local content. We will never share your email address. Learn how your newsletter sign-up will support WABE and Public Media
