Loading...
Market
Fearless Fund Strategy Changes by June 2025
5
Resolution / Starting Odds
Focus on Different Demographic • 33%
Expand to Other Minority Groups • 33%
No Significant Change • 34%
Official announcements from Fearless Fund
Story
11th Circuit Blocks Fearless Fund's Grant Program for Black Women-Owned Businesses
Jun 3, 2024, 09:25 PM
A federal appeals court has blocked the Fearless Fund, an Atlanta-based venture capital firm, from continuing its grant program exclusively for Black women-owned businesses. The 11th Circuit Court ruled that the program likely constitutes illegal race discrimination, siding with conservative activist Edward Blum and an anti-affirmative action group. The court's decision is based on the Civil Rights Act of 1866, which prohibits racial discrimination in contracts. The ruling is seen as a significant setback for diversity, equity, and inclusion (DEI) initiatives, given that less than 1% of venture capital funding goes to Black and Hispanic women.
View original story
Similar markets
Increased • 33%
Decreased • 33%
No significant change • 34%
Introduction of new diversity policies • 25%
No significant changes • 25%
Revision of existing customer service policies • 25%
Implementation of mandatory staff retraining • 25%
Increase in diversity • 33%
Decrease in diversity • 33%
No significant change • 34%
Shift towards conservative-aligned businesses • 25%
No significant shift • 25%
Shift towards neutral or non-politically aligned businesses • 25%
Increased diversification • 25%
Outperforms traditional funds • 33%
Underperforms traditional funds • 33%
Performs on par with traditional funds • 34%
Increase in digital advertising • 25%
Diversification in advertising platforms • 25%
Reduction in advertising dependency • 25%
Steady with current strategy • 25%
Policy becomes more restrictive • 33%
No change in policy • 33%
Policy becomes less restrictive • 34%
Increase in users • 25%
No significant change • 25%
Decrease in users • 25%
Platform shutdown • 25%
No change • 25%
New CEO appointed • 25%
Major board reshuffle • 25%
Leadership remains but restructured • 25%
Significant increase in investments • 25%
Moderate increase in investments • 25%
No significant change • 25%
Decrease in investments • 25%