4.8 • 56 Ratings
🗓️ 4 April 2022
⏱️ 19 minutes
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0:00.0 | Good afternoon and welcome to another Tech Check Plus live stream. |
0:05.0 | My name is Brandon Gomez and I am joined today by Laura Marana Lucas. |
0:08.0 | Laura is a partner at Latitude Ventures that is a VC firm founded by Saltruheo's latitude, |
0:15.0 | focused on exclusively investing in Latino entrepreneurship and in Latino |
0:20.0 | in Latino businesses through venture capital. |
0:22.0 | Lauer, thank you so much for joining us. |
0:24.4 | Thank you, Brandon, for having me. |
0:25.9 | I'm very excited to be here today. |
0:27.8 | Of course, of course. |
0:28.8 | Now listen, I want to start our conversation today specific and then you know broaden it out so that we're talking about |
0:36.6 | venture capital overall but lay us a some groundwork right talk to us about Latino representation, Latinos that you work with in |
0:45.3 | venture capital both from the investor side, but then also maybe from the entrepreneurship side. |
0:51.9 | Yeah, well, so first, it's, you know, it's really hard to break down the numbers. |
0:56.5 | And this is for two reasons. |
0:59.0 | If you look at platforms like Pitchbook and crunch base and other research platforms they really don't track |
1:07.9 | venture capitalists by race and ethnicity and many organizations are not self-reporting or self-identifying as Latinos. |
1:17.6 | There still really is a little bit of a trust issue regarding what institutions will do with this information. |
1:24.8 | But here's what we do know. |
1:26.9 | There's approximately 200 diverse U.S.-based VCs |
1:31.3 | and 161 U.S. based funds that have raised $50 billion with a medium of a |
1:39.4 | hundred and sixty million. Most of the diverse B.C. are located in San Francisco and New York and they're |
1:47.6 | investing in C to Series A, which around their investment size is around half a million dollars. |
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