Tuesday, October 1, 2019
Insights: Latinx Venture Capitalists: Getting to Know the One Percent
In today's Insights and Opinions section, we have a post from Alejandro Guerrero of Silicon Valley Bank.
This post aims to bring attention to another community that I call “The 1%” — the Latinx Venture Capitalist (VCs) who represent only 1% of all the VCs in the U.S. even though the Latinx community represents 18% of the U.S. population. Once the latest diversity in venture capital figures were released, I wasn’t surprised to see the low levels of diversity in venture capital — that was expected. What was astonishing to see was that the figure HAD NOT CHANGED AT ALL since I was a venture capitalist 4 years ago. For me, this was a huge call to action to help drive change. s a result, a few of my colleagues at Silicon Valley Bank and I decided to reach out to Latinx VCs to build community and to better support this small but mighty contingency going forward. And what did we find? An amazing group of investors that work in a variety of funds, both large and small, on both coasts and in middle America — with a (continued...)
Read the rest of the post Latinx Venture Capitalists: Getting to Know the One Percent .