As we reported both in October and December of 2023, the good work of the Fearless Fund has come under attack from right-wing extremists. The American Alliance for Equal Rights (AAER) which is led by anti-affirmative activist Edward Blum, is the same conservative organization that convinced the Supreme Court to reject affirmative action criteria for college admissions in June 2023.
Since the Supreme Court decision, AAER has expanded its scope to target seemingly all efforts to promote social justice and equity. The Fearless Fund is a venture capital fund that provides pre-seed, seed-level, or Series A financing to businesses led by women of color. As their website states, “Our mission is to bridge the gap in venture capital funding for women of color founders building scalable, growth aggressive companies.”
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