The term “start-up” is one we all have heard hundreds of times, but I have never been totally clear on what the term actually means. I know it refers to companies that are relatively new, but I also know that not every new company is considered a start-up. I decided to ask a few people from the venture capital space what their definition of a start-up is, and while there was no clear consensus, the best answer I got was “a start-up is an early-stage company with substantial growth potential that has not yet achieved scale or profitability”. Not all companies have substantial growth potential, and therefore not all new companies are considered start-ups. It is very hard for a company to achieve real scale organically, so start-ups also refer to early-stage companies that have attracted at least some outside investment capital. I bring this up because, over the next few years, I plan on immersing myself in the world of start-ups. Check this out…In the past few months, three companies led by Latinos have gone public: Torrid, Cano Health, and The Honest Company; now a fourth is about to go public: Duolingo. This has created billions in new wealth for their Latino founders, employees, and early investors.
Real estate and business ownership are the largest drivers of wealth in America and with NAHREP and L’ATTITUDE Ventures it is exciting for me to be in the middle of both. With interest rates low and the stock market strong, there is more capital than ever chasing the deals. If you are starting a small business to support you and your family, outside capital may not be the best choice for you, but if you have an idea that has the potential to change an industry, investment capital can give you the wherewithal to take your company to scale without the immediate pressure to turn a profit. What’s more, experienced investors not only provide financial resources, they help open doors and facilitate key relationships. Think about it…Having an investor who can call someone in the c-suite of Walmart or Google can propel your company into the stratosphere. These are some of the new disciplines that have evaded Latinos for far too long, but things are starting to change. Time to start thinking big!
NAHREP has reasons for both optimism and concern about a second Trump term...
On Friday evening, the LA Dodgers won game one of the 2024 World Series over the New York Yankees in glorious fashion, with Freddie Freeman hitting a walk-off grand slam home run in the bottom of the 10th inning. For Dodger fans, the game could not have been scripted better...
With the presidential election only three weeks away, partisans on both sides are taking off the gloves with rhetoric that vilifies their opponents and fires up their minions. Most people believe that our country is more divided than ever. Indeed, the days when liberal and conservative candidates can debate their views respectfully seem like a distant memory. At the risk of oversimplifying things too much, let me cut to the chase about what is driving the divisions in the country.