Latin America

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.

Riots persist in Ecuador after president ends fuel subsidy

Riot police, protesters and smoke in Quito. Photo: Martin Bernetti/AFP via Getty

Violent protests continued in Ecuador today, 2 days after President Lenín Moreno fled the capital and moved government operations to a port city.

Driving the news: Moreno is standing by the policy that sparked the unrest — the termination of a popular, but costly fuel subsidy.