2018 State of Latino Entrepreneurship Forum Part 2

TL;DR

Latino entrepreneurs are creating dynamic businesses that are driving innovation and economic growth in the US.

Transcript

[MUSIC] It is my honor to introduce our panelist and our moderator. First, our panelist. Tom Chavez is the founder and CEO of Crux Digital, which delivers Cloud-based infrastructure for capturing, protecting, connecting, and monetizing consumer cookie information across devices. After a successful acquisition by sales force in 2016, Tom has been ac... Read More

Key Insights

• 🪛 Latino entrepreneurs are driving innovation and economic growth in various industries.
• 🤩 Education has been a key factor in the success of Latino entrepreneurs, providing them with the necessary skills and networks.
• ♿ Access to funding and capital remains a significant challenge for Latino entrepreneurs, but they have found creative strategies to overcome this obstacle.
• 👨‍💼 Latino entrepreneurs are not limited to specific geographic areas and are expanding their businesses globally.
• 💪 The success of Latino entrepreneurs relies on building strong company cultures and fostering a sense of family and shared values.
• 🔠 The representation of Hispanics in the technology sector, specifically venture capital, is an area that can be further developed and leveraged for economic growth.

Questions & Answers

Q: What motivated Maria to start a waste management business?

Maria developed a business plan on waste management during college and saw an opportunity to build a thriving business in this industry. Her background and passion for business motivated her to start her own venture.

Q: How has being a millennial impacted Catalina's business?

Catalina recognized the opportunity in the market for energy-efficient homes and built the first energy-efficient homebuilding company in Kansas City. Her perspective as a millennial has helped attract customers who value sustainability and environmentally friendly practices.

Q: How did Jamie navigate the financing of her family-owned business?

Jamie joined her parents' cleaning business after college and eventually took over as CEO. She had to build relationships with local banks to secure funding for business growth. After facing challenges with traditional banks, she found a smaller bank that took a risk on her company.

Q: How has Tom navigated the venture capital space?

Tom has successfully attracted venture capital investments for his technology companies. He emphasized the importance of building relationships and being persistent. He also highlighted the clarity and focus required to persuade investors that their investment will yield significant returns.

Summary & Key Takeaways

• Latino entrepreneurs are creating businesses in various industries, including waste management, construction, and maintenance.

• Many Latino entrepreneurs started their businesses at a young age, leveraging their unique backgrounds and perspectives.

• Funding and access to capital are major challenges for Latino entrepreneurs, but they have come up with strategies to navigate these obstacles.

• Latino entrepreneurs are not limited to specific geographic areas and are expanding their businesses globally.