May Magic: SomosVC launches the 2023 Annual Report, the Emerging Manager Showcase, and much more!
📆 Join SomosVC at NY Tech Week this June! 🗽
In this issue:
SomosVC's 2023 Annual Report: Insights on Diversity and Job Creation
Emerging Manager Showcase: Spotlighting Trailblazers in VC
SomosVC is a founding member of the new “Diversity Data Alliance”
SomosVC at NY Tech Week (June 3rd - 6th)
Announcing the SomosVC Spring 2024 Cohort of Fellows!
Insights on SSBCI from Monique Villa Capra
NVCA Annual Leadership Gala and Awards Ceremony
Shift VC Conference in San Francisco
Master SSBCI Compliance: Essential Guidelines for GPs Pre- and Post-Investment
📣 SomosVC's 2023 Annual Report is here!
SomosVC published its 2023 Annual Report and has been featured in Axios, and the Latin Times. Read the full press release here! The report highlights the following:
Key findings of the report include:
79% of venture funds over $100 in AUM have no Latino/a investment professionals at all.
Gender disparity also persists in the field, with only 24% of Partner-level Latino/as in emerging funds being women.
Latino/a led firms are more likely to invest in diverse founders - 48% of portfolio company founders identify as underrepresented people of color.
One of our favorite highlights is that Latino/a-led firms in the SomosVC community have played a pivotal role in job creation, with investments leading to an estimated 51,612 new jobs. Curious to learn more? Read the full 2023 Annual Report!
SomosVC is a founding member of the new “Diversity Data Alliance”
The Diversity Data Alliance is a coalition of organizations – SomosVC, BLCK VC, Diversity VC, AllRaise, StartOut, 2Gether-International & Vets in Tech – working across the VC and startup ecosystems to build the largest, most comprehensive, and most intersectional data set on diversity in VC and startups. Featured by TechCrunch for its work, the Data Alliance aims to coordinate efforts through data aggregation and streamlining. Read more about the Data Alliance and its first official white paper here!
Emerging Manager Showcase: Spotlighting Trailblazers in VC
SomosVC hosted its annual Emerging Manager Showcase this month at the Waldorf Astoria Beverly Hills, bringing together a dynamic mix of talent and opportunity. We were thrilled to have three trailblazing emerging managers from the Latino/a community present their innovative funds (Atman Capital, Pedro Sorrentino; Cherryrock Capital, Adrianna Samaniego; and Endurance28, Consuelo Valverde) to a room full of top-tier LPs. These fund managers showcased their unique strategies and visions, demonstrating the incredible potential and diversity within the VC landscape. The event was a resounding success, fostering connections, discussions, and opening doors for future collaborations.
Join SomosVC at NY Tech Week
SomosVC will be co-hosting events throughout the week to build the investor ecosystem. Join us if you can and stay up to date with the latest on the SomosVC Luma page.
Wednesday, June 5th
Latino Founders & GPs Speed Dating in collaboration with Google, Pygma, Dux, & Lazo
Founders & Funders in Color in collaboration with BLCK VC, VamosVentures, SomosVC, Plug In Ventures, & NYCEDC
Thursday, June 6th
AWSM SCTY Founders & Funders Brunch in collaboration with BLCK VC
Friday, June 7th
“Frontier Tech: What narratives are VCs and CVCs looking to invest in 2024 and beyond” in collaboration with ALPFA Ventures & Accenture (RSVP link will be shared soon on SomosVC Luma page)
Announcing the SomosVC Spring 2024 Cohort of Fellows!
We are thrilled to announce the Spring cohort of 22 fellows for the SomosVC Fellowship Program! This program is dedicated to empowering Latino/a professionals with the skills, networks, and opportunities needed to break into VC. Our fellows are a few weeks into this program, where they receive unparalleled mentorship from seasoned investors, hands-on experience, and a supportive community committed to their success. Join us in celebrating this talented group as they embark on their journey to shape the future of VC. Get to know them here!
Insights on SSBCI from Monique Villa Capra
Monique’s learnings and observations about the opportunities the State Small Business Credit Initiative (SSBCI) offers provide insightful context to startups, venture capital funds, and ecosystem supporters interested in SSBCI capital across the U.S. and territories. Read more here.
NVCA Annual Leadership Gala and Awards Ceremony
SomosVC had the opportunity to join some of our favorite peer organizations at the 2024 NVCA Annual Leadership Gala and Awards Ceremony. It was such an honor to be amongst some of Silicon Valley's icons (including some of our amazing community members) supporting our good friends at VentureForward.
Bringing Latinas in VC Together: Highlights from Pivotal Ventures Dinner
Last week, Pivotal Ventures hosted an informal dinner for a group of Latinas in VC. Thank you to Renata Aráuz-DeStefano for allowing us the space to laugh and re-energize after a long week! It was heartwarming to see so many of SomosVC's Latina investor community members in one place!
Master SSBCI Compliance: Essential Guidelines for GPs Pre- and Post-Investment
In an impactful collaboration, IIE.VC and Catalyze are proud to release the SSBCI Legal & Compliance Guidelines. This valuable resource, hosted as an open-source Google Doc, is tailored to demystify the process of securing capital from the State Small Business Credit Initiative (SSBCI) for venture capital firms led by underrepresented General Partners (GPs).
Shift VC Conference in San Francisco
VC Unleashed is thrilled to invite you to our 3rd annual Shift VC Conference on June 14th in San Francisco! This incredible event will unite over 200 investors, founders, fund managers, and talented people of color from across the US, with the shared goal of promoting diversity in the venture capital industry. Don't miss out on this unique opportunity to learn, grow, and connect. Register here to be part of the change!
Step into the Spotlight: Share your story with SomosVC
SomosVC is more than just a name. Sign up below to share your story with SomosVC and make your mark by empowering the Latino/a VC community.
Join the SomosVC Directory!
Fill out this form to be included in our directory and connect with others.
Looking to expand your network and connect with like-minded individuals?
Reach out to fellow members and schedule a virtual coffee chat or meetup. Building meaningful connections is what our community is all about.
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Have exciting news, updates, or announcements you'd like to share with the SomosVC community? We invite you to contribute to the SomosVC newsletter here.
Stay Connected
Questions or comments? Email us at hello@somos.vc. Follow us on social media on X (@SomosVC_) and LinkedIn (@SomosVC) to keep up with the latest news, events, and opportunities! Thank you for being a part of the SomosVC community!