>> WELCOME BACK TO ALL HANDS,
OUR NEXT USE PULSE, A HUSBAND
AND
WIFE CO-FOUNDERS A VENTURE FIRM
INVESTING IN STARTUPS FROM
UNDERREPRESENTED GROUPS MENDOZA
VENTURES IS ON A MISSION TO
CHANGE THE COLOR OF
VENTURE CAPITAL IN THE TECH
INDUSTRY BY INVESTING OVER 70%
OF ITS PORTFOLIO TO STARTUPS
LED BY MINORITIES AND WOMEN
MENDOZA VENTURES WAS ALSO JUST
NAMED INVESTOR OF THE YEAR FROM
THE START OF BOSTON'S COMMUNITY
AWARDS. JOINING ME NOW IS SI,
NO FED AND ADRIAN MENDOZA
CO-FOUNDERS OF
MENDOZA VENTURES START WITH YOU
CAN YOU TELL US A LITTLE BIT
MORE ABOUT MENDOZA VENTURES IN
ONE I IN TECH STARTUPS OUR MOST
ATTRACTIVE FOR THE FIRM.
>> I ABSOLUTELY YOU KNOW THE
STORY FOR
US SAYS I'M A SON OF A MEXICAN
AMERICAN IMMIGRANTS CAME TO THE
YOU KNOW WHO CAME TO
THE U.S. AND ONE OF THE BIG
OPPORTUNITIES I HAD JUST LIKE
MY PARENTS WHO SORT OF MOVED
FROM MEXICO TO COME TO THE U.S.
I MOVE FROM THE WEST COAST TO
BE HERE IN BOSTON.
YOU KNOW VERY MUCH BIG TECH
ECOSYSTEM CENTER FOR A NIGHT
BILL TO COMPANIES IN THE
TECHNOLOGY SPACE
BUILDING AI AND SO WE SAW A LOT
OF OPPORTUNITIES
FOR US. IT WAS A WAY OF BEING
FEMALE AND A LATINO TO BE ABLE
TO LEAPFROG OUR CAREER
THROUGH THE USE OF BUILDING A
COMPANY IN ENTREPRENEURSHIP AND
SO WE STARTED
LOOKING AT THE GROWTH OF HOW WE
STARTED BEEN THOSE ADVENTURES
AS WE RAISE VENTURE CAPITAL WE
KNEW THE TECH ECOSYSTEMS.
AND WE SAW NO ONE THAT
LOOKED LIKE YES, THERE WERE NO
LATINOS WRITING CHECKS AS
INVESTORS IT WAS DEFINITELY NO
FEMALES READY TEXAS INVESTORS
AND WE LOOKED AT HOW DO WE NOT
ONLY INVEST
IN BUSINESSES. THERE ARE RUN BY
LATINOS BY WOMEN BY MINORITIES
BUT ALSO IN THE TECH ECOSYSTEM
TO LOOK
AT HOME BUILDING THE NEXT
GENERATION OF TECH ENTREPRENEUR
SO THAT IT'S NOT JUST A CERTAIN
GROUP OF INDIVIDUALS THAT CAN
GET
TO THEM AREA WHERE THE
FACEBOOK'S AND THE GOOGLES AND
THE AMAZONS AND SILICON VALLEY.
BUT ALSO LOOK FOR PEOPLE
LIKE US. THERE ARE FEMALE
LATINOS AND PEOPLE OF COLOR
THAT ARE GOING TO BUILD THESE
TYPE OF TECHNOLOGY BUSINESSES
THAT WILL. YOU KNOW REALLY HAVE
THE ABILITY TO CHANGE THE
ECOSYSTEM.
>> I LOVE THAT YOU SAY YOU
DIDN'T SEE THAT SPACE THERE
AND THEN YOU JUST DECIDE IT'S
CREATED IN BE THAT SPACE FOR
YOURSELF AND FOR YOU
KNOW BUSINESSES SO FOR CAN YOU
JUST TALK ABOUT OTHER THAN
FUNDING WHAT ARE SOME CUT SOME
OF THE RESOURCES THAT MOST
STARTUPS NEED.
>> YEAH AND BUSINESSES HARD AND
STARTED I MEAN PEOPLE WHO'VE
DONE IT BEFORE TO BE ABLE TO
ADVISE THEM.
WHO ARE THE PEOPLE TO HELP THEM
WHERE THE BAD PEOPLE THE HOPE
THAT HOW DO YOU GROW THE TEAM
THAT'S IN THAT DIRECTION AND
THE CULTURE THAT IS INCLUSIVE
THAT YOU WANT TO GROW INTO AND
SO WE BRING IN NOT
JUST CAPITAL. BUT IT REALLY
STRONG NETWORK OF PEOPLE WHO'VE
ACTUALLY THIS BEFORE TO BE ABLE
TO HELP THE SAUNDERS SCALE,
THEIR COMPANIES.
>> IN JUNE, YOU KNOW WE'VE
TALKED ABOUT THIS A BIT ON THE
SHOW IN TERMS OF THE CHALLENGES
OF HISPANIC ENTREPRENEURS FACE
WHEN GOING TO A BUSINESS
BUSINESSES FROM YOUR
PERSPECTIVE, WHAT ARE SOME OF
THOSE CHALLENGES THAT
YOU'VE SEEN.
>> YEAH, ONE OF THE BIGGEST
CHALLENGES IS ACCESS TO COUNT
WILL YOU KNOW WE I DIDN'T COME
FROM A
FAMILY THAT WAS OF WEALTH AND
INCOME FROM A FAMILY WHO WENT
TO EACH BS OR HARBOR GAYLE IN
FOR US. WHEN WE DECIDED TO DO
THIS POSE AS ENTREPRENEURS AS
INVESTORS WE STARTED
FROM SCRATCH TO BUILD THESE
NETWORKS OF MEETING PEOPLE AND
GOING OUT TO SORT OF
PUSH OURSELVES INTO THESE
NETWORKS WHERE NORMALLY YOU
WOULDN'T SEE WOMEN AND PEOPLE
OF COLOR INDEFINITELY, YOU
WOULDN'T SEE LATINOS AND
FOR US WHEN WE BUILD MENDOZA
VENTURES AND SENT SENATOR TALK
ABOUT THAT MODEL OF HELPING
ALONG WITH THAT
CAPITAL WE WANTED TO BE ABLE TO
PUSH OUR WAY IN TO HELP
THESE FOUNDERS, BUT ALSO
INTRODUCE THEM TO THESE
NETWORKS ONE OF THE THINGS THAT
WE'VE DONE IS WE CREATED OF A
FELLOWS PROGRAM TEMPERED BRING
IN WOMEN AND PEOPLE OF COLOR TO
LEAPFROG THEIR CAREER INTO
VENTURE CAPITAL AND IM PROUD
TO SAY THAT THE FALL FELLOWSHIP
IS FOR AMAZING LATINOS TO LET
THE NICE TO BE THERE ARE GOING
TO HELP WE'RE GOING WE'RE
HOPING TO LEAPFROG THEM INTO
VENTURE CAPITAL.
>> I LOVE THAT CENTER FOR THE
WORSE OF THE WINTERS OF WHAT
YOU'RE SEEING WITHIN THE VC
WHAT IS IN THE TARGETING IN
FUNDING STARTUPS THAT THAT IN
TERMS OF DEALING WITH DIVERSE
TEAMS THERE WHAT ARE YOU
SEEING.
>> I'M SAYING THAT IT
REALLY MAKES A DIFFERENCE.
IT'S THE CAPITOL COMES FROM
PEOPLE WHO LOOK LIKE
THE START-UP. ALL THE STATS ARE
TRUE THAT WOMEN TEND TO FIND
MORE
FUEL COMPANY THESE AND MORE
DIVERSE TEAMS TEND TO FUND MORE
DIVERSE COMPANIES SO IT REALLY
IS MORE OF A SELF-PERPETUATING
SYSTEM THAT WE
REALLY THOUGHT. AND I'M ALSO
SEEING WE'RE IN THE VERTICAL AS
EYES AND TALK AND CYBERSECURITY
WE'RE SEEING A LOT MORE WOMEN
WORK THEIR WAY INTO THAT NOW
AND THROUGH RULES NOT JUST THE
FOUNDER, BUT CEO CMO AND THEN
START TO BEGIN THEIR OWN
COMPANIES WHICH IS REALLY NEAT
TO SEE.
>> THIS WAS FOR BOTH OF YOU
HAVE GOT ABOUT A MINUTE LEFT
HERE I WANT TO ASK EACH OF YOU
THIS AND I GUESS WE'LL START
WITH
AN EFFORT. WHAT IS YOUR ADVICE
TO START OUTS ON HOW TO HAVE
DIVERSITY ON THEIR BOARDS OR
LEADERSHIP TEAMS.
>> FIND YOUR FIND PEOPLE WHO
ARE LIKE YOUR
COMMUNITY YOU MADE IT WAS DONE
SOMETHING AND IF THEY CAN'T DO
IT ASKED THEM TO NAME THE 500
PEOPLE WHO'VE DONE IT WOULD BE
WILLING TO SERVE ON
YOUR BOARD. EVEN IF YOU HAVE TO
DO WITH YOUR ELBOWS GET THAT
NETWORK. YEAH AND THE AMAZING
WHERE IT'S AN AMAZING TIME
RIGHT NOW.
>> WITH THEIR FUNDS LIKE OR IS
EVERYONE BY LATINOS
AND WOMEN BLACK OWN FUNDS THAT
ARE RAISED CAPITAL AND
DEPLOYING TO BLACK FEMALE
LATINO FOUNDERS. NOW IS THE
TIME AS AN ENTREPRENEUR TO BE
SELECTIVE OF WHERE YOUR CAPITAL
COMES FROM AND MAKE SURE THAT
YOU'RE CHOOSING NOT JUST
CAPITAL THAT IS HELPFUL BUT
COUNCIL THAT COMES FROM BLACK
AND BROWN
FEMALE FACES UNDERSTAND WHERE
YOU'RE COMING FROM AND KNOW HOW