Oct 11, 2019

Latino VCs form new group to increase industry representation

Illustration: Lazaro Gamio / Axios

A group of Latino venture capitalists in the Bay Area have formed an organization called LatinX VC to help peers advance or start their careers, raise new venture funds, and connect with limited partners in Latin America.

The big picture: Latinos make up just 1% of the America's venture industry, despite widespread conversation about increasing diversity.

LatinX VC drew inspiration from organizations like All Raise and BLCK VC, founding member and Unshackled Ventures principal Maria Salamanca tells Axios. It plans to host various member events throughout the year and expand to cities like Miami and Los Angeles.

  • She adds that there are a growing number of Latin America-based family offices and other institutional investors seeking to back new U.S. venture capital groups and cross-border funds.
  • LatinX members needn't invest in Latin America-based startups, but the region is included among the organization's focus areas.

Go deeper: The (slowly) changing face of VC's next generation

Go deeper

Rebecca Falconer
18 mins ago - Politics & Policy

Dozens of Confederate symbols removed in wake of George Floyd's death

A statue of Confederate States President Jefferson Davis lies on the street after protesters pulled it down in Richmond, Virginia, in June. Photo: Parker Michels-Boyce/AFP via Getty Images

59 Confederate symbols have been removed, relocated or renamed since anti-racism protests began over George Floyd's death, a new Southern Poverty Law Center (SPLC) report finds.

Why it matters: That's a marked increase on previous years, per the report, which points out just 16 Confederate monuments were affected in 2019.

Go deeper (1 min. read)Arrow
Axios
Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 10:30 p.m. ET: 20,532,835 — Total deaths: 747,845— Total recoveries: 12,743,275 — Map.
  2. U.S.: Total confirmed cases as of 10:30 p.m. ET: 5,193,266 — Total deaths: 165,934 — Total recoveries: 1,714,960 — Total tests: 63,252,257 — Map.
  3. Politics: Pelosi says Mnuchin told her White House is "not budging" on stimulus position.
  4. Business: U.S. already feeling effects of ending unemployment benefits.
  5. Public health: America's two-sided COVID-19 response — America is flying blind on its coronavirus response.
  6. Education: New Jersey governor allows schools to reopen — Gallup: America's confidence in public school system jumps to highest level since 2004.
Go deeper (<1 min. read)Arrow
Axios
Updated 1 hour ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

France reported more than 2,500 new COVID-19 cases in 24 hours — the largest single-day number since May. French officials said the situation was "clearly worsening," per France 24.

By the numbers: Over 745,600 people have died of the novel coronavirus globally and over 20.4 million have tested positive, per Johns Hopkins. Almost 12.7 million have recovered from the virus.

Go deeper (2 min. read)Arrow