Stay Fearless & Fight
The Fearless Fund, a vital resource for women of color entrepreneurs, grant program has been halted by a federal appeals court decision. "The lawsuit claims that the program is “racially discriminatory,” spearheaded by Edward Blum, who also was behind the Supreme Court's decision in 2023 to overturn affirmative action in college admissions.” (Time, 2024)
This setback strikes at the core of their efforts to close the significant venture capital gap faced by black women, who receive less than 1% of all venture capital funding. Considering that black women are already significantly underfunded, labeling the Fund's efforts as “racially discriminatory” is ridiculous! The obvious discrepancies clearly show that black women entrepreneurs face extreme systemic socio-economic discrimination. The numbers clearly illustrate this inequity, with the 1% speaking volumes!
Why This Hits Home: The mission of the Fearless Fund—mirrors our own commitment at Black Luxe & Co. As a company founded and led by a black woman, this ruling isn't just a professional disappointment; it's personal. Further fueling our commitment to dismantle systemic barriers that continuous block the socioeconomic advancement of black people.
Here’s How We Fight Back: We will amplify our efforts to support, promote, and invest in black-owned businesses. This is where you come in. Your engagement and support have never been more critical.
Celebrate Juneteenth: With Juneteenth approaching, be intentional about our efforts: support a black-owned business, attend cultural events, immerse yourself in our rich heritage, and circulate your dollars within our community. Celebrate community, culture, connect, and continue to inject financial energy into black-owned commerce.
Support Local and National Black-Owned Businesses: Every purchase, every share, every mention helps sustain a business and sends a message that we are all in this together.
Join Us at the Black Luxe Expo: Not just as attendees, but as voices, advocates, and entrepreneurs. Showcase your business, connect with others, and make your presence felt.
Apply to Feature Your Business: With our Early Bird special ending July 1st, now is the time to shine a spotlight on your work. Apply here.
Grab Your Free Tickets to the Expo: Be a part of something bigger. Get your tickets and prepare to be inspired by the resilience and creativity of our community.
Together, let's continue to show up, show out and create a legacy of empowerment and success that will inspire generations to come.
Sources: Fearless Fund | NPR | Time
