The Latinx community is the fastest-growing demographic among all U.S. entrepreneurs. While the percentage of Americans running a business has stayed at a steady 6.2% over the past 20 years, Latinx founders have rocketed from 6.5% of all entrepreneurs in 2001 to 15% as of 2019.
Despite these advancements, funding and banking options for Latinx founders are limited. VCs like Act One Ventures and Chingona Ventures are working to change that.
Alejandro Guerrero, Principal at Act One Ventures, was just awarded the Social Justice dotLAsummit Award for his impressive diversity initiatives including a Diversity Rider, which requires firms to commit to investing in under-represented groups. 70% of Act One’s portfolio companies were founded by people of color, LGBTQ+, and women.
Samara Mejia Hernandez, Founding Partner at Chingona Ventures, focuses on investing in underrepresented and overlooked early-stage businesses founded by women and minorities. PayPal recently pledged to invest $50 million in eight early-stage, Black- and Latinx-led venture capital funds, including her firm Chingona Ventures.
Alejandro and Samara will be joined by Latinx entrepreneur Daniela Corrente, lawyer Michael Esquivel, and Early Growth’s Gadiel Morantes to discuss the general startup topics related to financing & growing your business, as well as the issues that underrepresented ethnic groups like Latinx founders might experience.
- Our Panelists -
- Samara Mejia Hernandez, Chingona Ventures
- Alejandro Guerrero, Act One Ventures
- Daniela Corrente, Reel
- Michael Esquivel, Fenwick & West
- Gadiel Morantes, Early Growth
- Our Event Partners -
Fenwick & West
Silicon Valley Bank