Moneda Moves (171): Paving the Way in '24...For More Than 30,000 Latinas In Tech
Welcome to the 2024 with Moneda Moves, mi gente. We have been preparing a new season for you packed with takeaways centered on money and cultura. This year is all about paving the way. So in 2024, we will continue to speak with entrepreneurial Latino leaders who are creating new blueprints for generations to come.
I can’t think of a better time to do this as nearly five million businesses Latino-owned businesses today generate more than $800 billion in revenue. Just last month, the Stanford Latino Entrepreneurship dropped their 2023 State of Latino Entrepreneurship Report.
And among the trailblazers paving the way is Rocio Medina van Nierop, Cofounder and Executive Director of Latinas in Tech. For more than 15 years, she has been working in the tech industry and is and advocating for Latinx diversity and inclusion.
Today, Latinas in Tech consists of almost 30,000 women working at more than 100 of the top technology companies worldwide. As We All Grow cites, she now works with lawmakers at the city, state, and federal levels to help change the system from outside the tech ecosystem. So I saw it fitting to ask her about her take on DEI in this year, a year where diversity equity and inclusion is being challenged by the right.
We also talk about trends van Nierop is noticing in tech in 2024, including:
Following the progression of AI
Moonshot ideas in entrepreneurship, including in the following spaces: space exploration, biotech, genetics, materials
Listen here. No te lo quieres perder.
Con poder,
Lyanne
Headlines to put your radar.
This Platform With $1.2 Billion In Investment Capital Helps Close The Latina Founder Investing Gap: In 2023, women set records in business. U.S. women founders secured a record-high proportion of the country’s deal value, at nearly 30%, per PitchBook. Latinas also exceed the status quo for becoming the fastest-growing group of business owners in the U.S., with more than 1.5 million founders in service generating $78.7 in revenue. But when it comes to investing in Latina-led companies, the rates don’t hold. Meet Libra Leaders, a new platform which is bringing capital, expertise and network to uplevel Latina founders.
Latinos Are Starting U.S. Businesses at a Torrid Pace: Latino immigrants are big contributors to our entrepreneurial cohort, representing 52% of all Latino/a-owned employer firms, compared to just 7% of White-owned employer businesses that are immigrant-owned. The Wall Street Journal dives into how immigrants are driving new business creation in the U.S.
How can this moment create sustained momentum for equity in entrepreneurship? A recent report from EY shares how Latino and Black communities in the U.S. are an economic force and the gap that exists in action from investors, consumers and the broader business community to close access gaps. Among the resources that best help these communities grow?
A trusted network of vendors and partners
Access to a mentor
Awareness of entrepreneurs in Black and Latino communities
Thank you for joining us! Until next time, catch us here on Moneda Moves.