✍🏾: @lexisryann
The American Alliance for Equal Rights recently filed a lawsuit against Fearless Fund. This early-stage venture capital firm focuses on funding women founders of color, accusing them of racial discrimination in their grant program for Black female founders.
In the lawsuit, AAER argues that Fearless Fund’s grants to Black women violated Section 1981 of the 1866 Civil Rights Act.
Conservative activist, Edward Blum, claims the Fearless Fund, engages in “explicit racial exclusion.”
Blum, whose lawsuit prompted the U.S. Supreme Court to stop the use of racial preferences in college admissions, targeted the Fearless Fund in early August.
The cofounders, Arian Simone and Ayana Parsons, and their lawyers spoke publicly about the lawsuit this week and expressed that she and her team will not be backing down.
“I’m a daughter of a civil rights attorney and entertainment attorney who represented Rosa Parks. I grew up around Coretta Scott King, Rosa Parks, and Anita Abernathy,” Simone said.
“Activism is in our DNA. I’m a daughter of a mother who won the largest discrimination case in the state of Michigan. Activism is in our DNA. I have led protests for justice against discrimination in my elementary school as a 10-year-old. Activism is in our DNA. We are not scared. We are fearless.”
We’re standing behind y’all 100% ✊🏾#BWLM💕
