“A Black venture capital firm, Fearless Fund, has been sued by a conservative activist. The man, Edward Blum, played a role in the U.S. Supreme Court’s June 2023 decision to reject affirmative action in college admissions.

According to Reuters, American Alliance for Equal Rights, a nonprofit led by Blum, alleges that the Fearless Fund is practicing unlawful racial discrimination. The claim states that the firm is “violating Section 1981 of the Civil Rights Act of 1866, a U.S. law barring racial bias in private contracts, by making only Black women eligible in a grant competition.”

https://afrotech.com/black-venture-capital-firm-fearless-fund-has-been-sued