The underrepresentation and underfunding of Latinx founders (who receive less than 2% of venture funding) represent a tremendous opportunity to unlock value for our society. Since venture funding is mostly relationship-driven and people tend to surround themselves with and invest in others similar to themselves, remedying the underrepresentation of Latinx venture capitalists is core to seizing this opportunity. That is why LatinxVC, a 501(c)(3) non-profit organization focused on growing and supporting the Latinx venture capital ecosystem, exists, and why I, as a member of this community, co-wrote its Second Annual State of Latinx VCs Report linked below.
By Leo Arango
December 2022
