Business decisions intended to capture the value from diversity initiatives have been politicized by a vocal minority of ideologically motivated voices who ignore both facts and the law, the letter from groups including US Black Chambers and the Global Black Economic Forum read.
In August, Edward Blum, the conservative legal activist who brought affirmative action back to the supreme court, sued a venture capital firm that awarded grants to Black women entrepreneurs. Blum, through his group the American Alliance for Equal Rights, argued that the firm, called Fearless Fund, was discriminating against white entrepreneurs by making the grant exclusively for Black women.
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