🤑 Unlocking the $9T Latine Market, Your Fall Fundraising Playbook, VC Stacks Deep-Dive, Exclusive Events & More!
🤑 Unlocking the $9T Latine Market, Your Fall Fundraising Playbook, VC Stacks Deep-Dive, Exclusive Events & More!
This is a monthly newsletter of curated actionable insights and resources for underestimated founders, funders, and friends.
🙌🏽 Happy early Hispanic Heritage Month (Sept 15th-Oct 15th)! As a Latine GP in the VC world, I can't help but celebrate the strides we're making while reminding us all that there's work to be done. Latines in the US contribute ~$3T to GDP, and Latines in Latin America contribute ~$6T to GDP. In other words, if the US Latine population were an independent country, it would represent the 5th largest economy globally; and if Latin America were a single country, it would be the 3rd largest economy in the world. That is huge, yet Latine founders only get <2% of total venture capital dollars, and Latines represent <2% of all VCs. So, let’s roll up our sleeves, invest in the best founders, and reap the rewards.
🌎 Speaking of the Latine community, Ganas Ventures has been invited to the 500 LATAM Summit, Volcano Summit, and InnovaT Latam 2023 this year. And we’ll be there. So, if you’re in Mexico, Guatemala or Ecuador, make sure to RSVP to our Ganas Ventures events here. We look forward to meeting with old and new friends, LPs, and portfolio companies!
🚀 And shout out to our Ganas Ventures Latine portfolio founders, investors, and friends—including but not limited to Latitud, Around, Shappi, Leadsales, Papaya, and Storybook! Special thanks to our first Latine-unicorn-building LPs, Elias Torres, Co-founder of Drift, and Daniel Undurraga, Co-founder of Cornershop!
✨ Lolita Taub, GP at Ganas Ventures | twitter | luma
Ganas Ventures invests in pre-seed and seed community-driven startups in the US and Latin America. We’ve been featured in Forbes, Nasdaq, Techcrunch, Thrive Global, Hubspot, Funded, Startup Grind, Signature Block, and more.
Congrats
Carolyn Rodz & Elizabeth Gore of Hello Alice raised $70M for the Equity Access Fund. Jaime Matus of Invariantes raised $30M for their third fund. Kendra Bracken-Ferguson & Lisa Stone raised $25M for BrainTrust Fund. Vishwas Prabhakara of Honey Homes (port co) raised $9M for their Series A. Roby Peñacastro & David Villa Cañez of Leadsales (port co) raised $3.7M for their Seed. Ruben Harris of Career Karma (port co) launched the Black Genius Acacamy. Erik Cardenas of Zócalo Health (port co) received investment from Google for Startups. Yehong Zhu of Zette (port co) was named Top Women in Media & Ad Tech 2023. Natalia Gonzalez joined BIVA as Head of New Issuers and Entrepreneurship. Af Hernandez & Cheryl Campos of VCFamilia launched the ALZAR Program.
Sponsored | Founders: Ready to take your early-stage startup to the next level? Build, launch, and refine your MVP with the AWS Build Accelerator. Over 10 weeks, access on-demand content (technical fundamentals to product development), live support, and $2K in AWS Activate credits. Apply by Sept 22.
Funders
LAVCA | Read up on AI trends in Latin America
Signature Block | Learn about VC fund stack best practices
Carta | Get the stats on round sizing in 2023
Startup-Investor Matching Tool | VCs: meet thesis-aligned underrepresented founders
Sponsored | Founders: Stress no more over your runway. Fuelfinance, an FP&A tool for startups, is happy to share the Runway Calculator. Understand how much money you burn monthly, play with different scenarios, and plan your startup’s future.
Founders
Asking for a founder | Find out your chances of raising a pre-seed round
Asking for a founder | Learn how to tell your investors you’re shutting down
Asking for a founder | Get perspective on putting all your savings into a startup
LaaS | Underrepresented founders: get resources made for you
Sponsored | Founders: Are you searching for your next office space in Mexico City? Look no further! Around is expanding with amazing plug-and-play locations.
Money
Ganas Ventures | Community-driven founders: apply for $100K
Lattitude | US Latino founders: apply for up to $1M
Russo | Georgia founders: apply for a $5K grant by 10/1
Workers Lab | BIPOC women: apply for $200K
Amber | Women founders: apply for <$10K grants
Z Fellow | Technical tinkerers: apply for a $10K grant
TechRise | Chicago founders: apply to win $50K
SoGal Foundation | Black women founders: apply for $5-$10K in grants
1863 Ventures | Black founders: apply to get a 3Rs $5K grants
Equity Crowdfunding | Raise up to $5 million
Startup-Investor Matching Tool | Founders: get intros to investors
Want more? Follow me @lolitataub, and let me know how I can help. Want to support our newsletter and get featured? Become a sponsor.