Arian Simone reflects on Fearless Fund's legal settlement
Despite agreeing to shut down the Strivers Grant Contest, CEO Arian Simone says the Fearless Fund remains committed to backing women of color with new funding initiatives.
https://www.cbsnews.com/news/fearless-fund-arian-simone-legal-settlement/
The Fearless Fund, a venture capital firm that invests in supporting women of color entrepreneurs, has agreed to shut down its grant program for Black women as part of a settlement with the conservative group American Alliance for Equal Rights. The program, called the Strivers Grant Contest, awarded $20,000 to Black women-owned businesses, but the lawsuit claimed it was discriminatory.