Venture capital is a critical asset class. Venture-backed startup jobs have a 5x multiplier due to their higher salaries which create three additional service opportunities and two additional professional jobs.
Women and BIPOC are grossly underrepresented in venture capital. According to a U.S. Government Accountability Office publication, firms owned by Women and BIPOC manage only 1% of the $70 trillion in assets under management in the US. Data from a Kauffman Fellow’s study show a large discrepancy between the Latinx working-age population in the United States (17%) and Latinx startup executives (2.6%).[iii]
This underutilization of human capital is a result of systemic barriers [iv]. Allocating investment capital to existing Venture Capital Funds that have General Partners that are Women and BIPOC managers can accelerate economic equity.
Led by Noramay Cadena, Samara Mejia Hernandez, and Carmen Palafox the the Founding GP Showcase is a marquee invite-only event to showcase Latino representation at the partner level and Latinx-led venture firms. The event features topical discussions and presentations by Latinx GPs who are actively raising capital.
If you are a Latinx investor interested in attending the showcase, request an invite here.
If you are an Accredited Investor actively allocating to Latinx GPs, particularly those raising Fund I or Fund II, request an invite here.
If you’d like to volunteer in support of this event, email firstname.lastname@example.org.
The inaugural showcase event was hosted in 2019 and featured 11 fund managers, some pictures and testimonial below:
"Thank you to LatinxVC for including me in the first of a series of GP/LP investor happy hours. It was great to see a few dear friends and make new connections. Hats off to our hosts Carmen Palafox of 2045 Ventures, Noramay Cadena of Supply Change Capital and Samara Mejia Hernandez of Chingona Ventures."
Led by Jacob Mullins and Alex Marshall. This is a sister initiative to the Founding General Partners Initiative and designed for GPs who are at existing VC firms that are primarily operating past Fund III and beyond. The operation and dynamics of existing VC firms are different than starting a new firm; the content here is designed for the former.