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.
LA Venture Podcast: VamosVentures Invests In Underrepresented Founders
Marcos Gonzalez

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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Genies Wants To Help Creators Build ‘Avatar Ecosystems’

Christian Hetrick

Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

Genies Wants To Help Creators Build ‘Avatar Ecosystems’

When avatar startup Genies raised $150 million in April, the company released an unusual message to the public: “Farewell.”

The Marina del Rey-based unicorn, which makes cartoon-like avatars for celebrities and aims to “build an avatar for every single person on Earth,” didn’t go under. Rather, Genies announced it would stay quiet for a while to focus on building avatar-creation products.

Genies representatives told dot.LA that the firm is now seeking more creators to try its creation tools for 3D avatars, digital fashion items and virtual experiences. On Thursday, the startup launched a three-week program called DIY Collective, which will mentor and financially support up-and-coming creatives.

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Here's What To Expect At LA Tech Week

Christian Hetrick

Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

Here's What To Expect At LA Tech Week

LA Tech Week—a weeklong showcase of the region’s growing startup ecosystem—is coming this August.

The seven-day series of events, from Aug. 15 through Aug. 21, is a chance for the Los Angeles startup community to network, share insights and pitch themselves to investors. It comes a year after hundreds of people gathered for a similar event that allowed the L.A. tech community—often in the shadow of Silicon Valley—to flex its muscles.

From fireside chats with prominent founders to a panel on aerospace, here are some highlights from the roughly 30 events happening during LA Tech Week, including one hosted by dot.LA.

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