Moneda Moves (131): How to Raise $1 Million in Capital, According to a Founder Who Did It
It’s been a second, mi gente, but it feels so good to be back with exciting news.
We’ve spent the last week kicking off our participation in Google’s Podcast Creators Program as part of the 2022 cohort! What this means? We are one of seven teams from around the world chosen to take part in a five month accelerator led be Pulitzer-winning Public Radio Exchange (PRX) to receive training, funding and mentorship and take the Moneda Moves podcast to the next level and better serve you, our listeners. On that note, if you haven’t listened to our podcast, please subscribe and review the podcast here:
In the next 20 weeks, we will be immersed in classes and projects on the backend to come back better and stronger — all the while sharing learnings via our Instagram and here. In the meantime, we will be publishing the podcast monthly to adhoc basis, and you can always find us here, in the weekly newsletter. We’d love to begin this journey with asking for a favor — if you’ve been a part of the newsletter community, would you please fill out the survey linked here? This will help us get to know you better.
We know summer is in full effect, and while that means a time to meet in person and build community now more than ever, our minds have lately also been occupied with disheartening news of continued mass shootings and Supreme Court decisions that simultaneously put safety and women’s rights (and more) in jeopardy. With these issues heavy in our hearts, like the overturning of Roe v. Wade, we are actively looking for ways to put our money where our mouth is and vote with our ballots and cash. Elle had a useful list of ways to show up and protest.
Con poder,
Lyanne
Headlines to put on your radar.
How to Raise $1 Million in Capital, According to a Founder Who Did It: Refinery29’s L-Suite series examines the diverse ways in which Latine professionals have built their careers, how they’ve navigated notoriously disruptive roadblocks, and how they’re attempting to dismantle these obstacles for the rest of their communities. This month, we’re talking with Shop Latinx founder Brittany Chavez about pitching investors and transforming her relationship with money. Chavez raised more than one million dollars for her company and shared absolutely ALL when it comes to finding, pitching the right investors, the emotional work and shifting mindset that comes with raising. (And yes, that is BIG work.)
Latino-Owned Businesses Show Resilience in Uncertain Times: When the pandemic began, Alejandra Aguirre Jimenez (founder of lifestyle marketplace Cadena Collective) was just getting her first taste of entrepreneurialism. She had filed paperwork for the business in September 2019 with a vision to create an in-person shop featuring handmade products made by artisan women. That plan quickly pivoted amid 2020, when in-person events became null and all businesses were sent online to grow their sales. Amid the pandemic, Jimenez found a community of nearly 140K followers on TikTok who wanted to hear more about her business, Cadena’s style and even potentially become customers. In our latest for Hispanic Executive, we leverage Stanford Latino Entrepreneurship Initiative’s report and data from Small Business Majority, showing the resiliency of Latino-led businesses across the board and areas of need for business owner communities.
How to Build Wealth as a Business Owner: ICYMI: We continue to bring you more original money and culture content across a wide array of publications and increasing the business news content we have surrounding our communities! Recently, we wrote about building generational wealth for Hispanic Executive and this time we spoke with Latinx entrepreneurs and money experts to learn how to build wealth as a business owner. Read the full piece here.
Thank you for joining us! Until next week, catch us here on Moneda Moves.