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Will Fearless Fund have a new CEO by September 30, 2025?
3
Resolution / Starting Odds
Current CEO remains • 25%
Internal promotion • 25%
External hire • 25%
Other • 25%
Fearless Fund's official website, public announcements, news articles
Story
Fearless Fund Ends Contested Strivers Grant Program Amid AAER Discrimination Lawsuit Settlement
Sep 11, 2024, 02:01 PM
Fearless Fund, a venture capital firm that invests in women of color, has agreed to end its contested Strivers Grant program for Black women business owners. This decision comes as part of a settlement agreement with the American Alliance for Equal Rights (AAER) following a discrimination lawsuit. The lawsuit accused Fearless Fund of discriminating against non-Black businesspeople. As a result of the lawsuit, the firm lost nearly all of its partnerships, and information on other small business grants for businesses owned by women of color is no longer available on its website.
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Similar markets
Launch a new grant program • 25%
Secure a major partnership • 25%
File a new lawsuit or appeal • 25%
Announce a company restructuring • 25%
Secure partnerships with 1-2 new organizations • 25%
Secure partnerships with 3-5 new organizations • 25%
Secure partnerships with more than 5 new organizations • 25%
Fail to secure any new partnerships • 25%
Grant program for women of color • 25%
Grant program for underrepresented entrepreneurs • 25%
Grant program for Black entrepreneurs • 25%
Grant program for all entrepreneurs • 25%
CEO step down • 25%
CFO step down • 25%
COO step down • 25%
No change • 25%
Yes • 50%
No • 50%
Current COO • 25%
External hire • 25%
Donald Trump returns • 25%
Other • 25%
