How to Succeed in Business: From 5 Latinx Founders
Latinx-owned businesses are outpacing the post-recession growth rate of all other demographic groups, yet founders still struggle to gain access to capital compared to their white counterparts. How are Latinx entrepreneurs beating the odds?
Today, swathes of workers are abandoning their full-time jobs to try their hand at starting their own company.
And while parting ways with traditional 9-to-5 employment can be a tough transition for anyone, for Latinx entrepreneurs, the entrepreneurial landscape can be especially challenging to traverse.
According to the Latino Entrepreneurship Initiative from the Stanford Graduate School of Business, Latinx entrepreneurs are a rising force in the entrepreneurial space, but still face significant challenges when it comes to raising capital.
According to Stanford GSB, Latinx-owned businesses currently outpace the post-recession growth rate of all other demographic groups, yet Latinx founders still struggle to gain access to capital compared to their white counterparts. This is especially true for Latinas, who received just 0.4% of $400 billion in venture capital funding between 2009 and…