August 3rd 2023.
Edward Blum, a conservative activist, has taken the fight against affirmative action to a whole new level. According to Reuters, he recently filed a lawsuit against Fearless Fund, a venture capital firm owned by three Black women. Fearless Fund has been instrumental in providing resources to Black women entrepreneurs in order to help them grow their businesses.
Blum's lawsuit accuses the firm of unlawful racial discrimination, claiming that it is violating Section 1981 of the Civil Rights Act of 1866 by making only Black women eligible for the grant competition. He also claims that close to 60 members of his group, primarily white and Asian American, have been excluded from the grant program due to their race.
The Fearless Funds Strivers Grant Contest awards $20,000 in grants and digital tools to Black women who own small businesses in order to help them grow. It has worked with prominent brands, such as the Tory Burch Foundation and Mastercard, for over four years.
Blum claims that this is the first of many lawsuits he hopes to pursue through his nonprofit American Alliance for Equal Rights against private corporations. He believes that these organizations should challenge the use of racial classifications and preferences in the nation’s policies.
This lawsuit is a stark reminder of the continued fight against affirmative action. It shows Blum's determination to end any form of discrimination, no matter the size or scope. It also emphasizes the importance of Fearless Fund in providing opportunities for Black women entrepreneurs to pursue their dreams.
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