LA Venture Podcast: VamosVentures Invests In Underrepresented Founders

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+ Shift.com, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.

On this week's episode of LA Venture, hear from Marcos Gonzalez, the managing partner at VamosVentures, a seed-stage venture fund which invests in Latino and diverse founders. Over half of L.A. County is Latino. A relatively new fund, investments are in the range of $100,000 to $500,000. Seems like a great time to be investing in this community! And, Vamos is hiring...


Key Takeaways:

  • Each month, 80,000 Latinos turn 18, which is driven by 92% domestic growth -- not due to immigration. VamosVentures is looking at opportunities within that demographic, with a special interest in consumer packaged goods as well as financial services, health and wellness, retail broadly and media.
  • Venture capital versus private equity can lead to investors getting carried away with the latest fad idea. VC that focuses on early-stage companies can learn from private equity to be more circumspect and carefully evaluate the young company at hand.
  • VamosVentures says "no" to prospects with a thoughtful four-prong approach. Ultimately, the door is always open.

Every year the number of Hispanics receiving STEM related degrees is doubling. A lot of these young folks with STEM degrees are going to be getting into the engineering world and innovation and entrepreneurial world. That's a great indicator of future.

— Marcos C. Gonzalez

Marcos C. Gonzalez is founder and managing partner of VamosVentures. Marcos is a private equity, venture and angel investor, who has invested in the U.S. and abroad. In between investment funds, Marcos co-founded a tech company in Boston during the first internet wave of the 90s. Before tech entrepreneurship and investing, Marcos worked for the Boston Consulting Group. Marcos graduated from Brown and Harvard Business School.

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Spinn Raises $20M For a More Sustainable Home-Brewed Coffee

Bernard Mendez
Bernard Mendez is an editorial intern at dot.LA. He attends UCLA, where he is pursuing a bachelor’s degree in applied mathematics. Mendez was previously an editor at the Daily Bruin, the student newspaper at UCLA.

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bernard@dot.la

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Sam primarily covers entertainment and media for dot.LA. Previously he was Marjorie Deane Fellow at The Economist, where he wrote for the business and finance sections of the print edition. He has also worked at the XPRIZE Foundation, U.S. Government Accountability Office, KCRW, and MLB Advanced Media (now Disney Streaming Services). He holds an MBA from UCLA Anderson, an MPP from UCLA Luskin and a BA in History from University of Michigan. Email him at samblake@dot.LA and find him on Twitter @hisamblake

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https://twitter.com/hisamblake
samblake@dot.la

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Sam Blake

Sam primarily covers entertainment and media for dot.LA. Previously he was Marjorie Deane Fellow at The Economist, where he wrote for the business and finance sections of the print edition. He has also worked at the XPRIZE Foundation, U.S. Government Accountability Office, KCRW, and MLB Advanced Media (now Disney Streaming Services). He holds an MBA from UCLA Anderson, an MPP from UCLA Luskin and a BA in History from University of Michigan. Email him at samblake@dot.LA and find him on Twitter @hisamblake

When labor organizer Emma Kinema saw a tweet pop up on her feed saying that California is suing Activision Blizzard for workplace harassment, she said she felt heartened.

To her recollection, it's the first time such a large state agency has targeted a big player in gaming to try to fix a toxic culture problem that has plagued the industry for years. But it wasn't surprising to Kinema. For over five years, she's been working with the Communications Workers of America to organize gaming workers and calls this type of discriminatory culture "pervasive."

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samblake@dot.la
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