Financial abundance flows on day 3 of LTX fest dedicated to start-ups & funding
By: Gabriela Luz Sierra
Studies show that a diverse start-up has a greater opportunity to thrive than a non-diverse one. Today, Latinx flexed their knowledge and power at an exceptional showcase of VC funders, Tech start-up founders, and industry experts. Together, they taught audience members about the industry and spoke on how to fund and scale up our outstanding businesses.
Throughout the conference dinero talk was expansive, flowing, and inspiring.The fact that we have the largest buying power in comparison to any other group in the United States was brought to life at each panel. Every single story was inspiring and uplifting.
Carolina Huaranca, Scout at Lightspeed Venture Partners hosted an impactful conversation on the New Wave of Investments with Tom Chavez of Super {Set} and Miriam Rivera, Managing Director at Ulu ventures.
“We have worked to include the systemization of inclusion into our software,” Chavez said. “Taking a data driven approach is very powerful.”
Rivera reaffirmed Chavez when she spoke about the fact that inclusion yields greater returns when it comes to funding start-ups.
Later, Huaranca switched gears to chat with Adayemi Ajao, of Nigerian& Spanish heritage, formerly founded Tuenti, a platform that was formerly comparable to Facebook in Spain, which he later sold to Telefónica. Today, he is a Managing partner at Base10 partners, a $250M VC firm.
Ajao had remarkable insight about what it takes to get funded, which is essentially any idea that is grounded in solving a problem.
This message was reverberated throughout the day across different panels and tracks: Start-ups, Money Moves and Scale Up.
Julia Figueiredo of Silicon Valley Bank gathered with Carmen Palafox, a Partner at MiLA capital, Cheryl Campos, Director of growth and partnership at Republic and Greg Bennet, Senior Associate at Kapor Capital, to talk about how to fund your start-up.
“It’s all about the power of community when it comes to finding your first investors,” said Campos when talking about what it takes to get your company out of it’s seed stage.
The platform she represents is a place for investors to take as little as 50 dollars and invest them in new companies to help them grow in community.
Other key speakers such INC’s 100 top Female Founders, Beatriz Acevedo (founder of Mitu & Suma) and Sean Salas, co-founder of Camino Financial shared how Latinx are the next wave of fin tech growth. They helped to close out the complete day’s programming the LTX Fest elevated the community with over 7,000 people tuning in globally and awarded $25,000 to rising entrepreneurs via the El Poder del Pitch competition!
Tomorrow marks the final day of programming focused on advocacy. The Latinx vote can decide the election if those who can SHOW UP & VOTE! The Latinx manifesto of what our community priorities can only be decided by US and for US. So join the conversation tomorrow and let’s OWN OUR POWER!
