Latinos are creating businesses at a faster rate than the average for entrepreneurs. But only about one percent of Latino-owned businesses receive the early funding so important (and common) to many average startups. What gives?
On Tuesday, the influential and well-connected startup accelerator and seed funder 500 Startups held demo day for "Batch 15," the latest class of up and coming entrepreneurs now being unleashed upon Silicon Valley. And it's one of the most diverse so far, as women lead a third, 15 percent were founded by Blacks, and 10 percent are led by Latinos.
Venture capital firm Kapor Capital has decided to boost diversity in the next generation of Silicon Valley companies, by building commitments to it early.
Silicon Valley's represnatives are only part of the problem with diversity in technology. The other center of power is known as Sand Hill Road, a part of Silicon Valley that's the center of private equity for the tech industry.
