Understanding the Screening Process to Gain Access to Venture Capital One of the latest additions to the wide range of solutions that the team at L’ATTITUDE offers Latino entrepreneurs and businesspeople is access to Latina Venture Capital. While the need to improve the resources available to Latinas who have their businesses has been a matter of concern for many years, it is a concern that only started to enjoy a place in the spotlight once the team under the guidance of Sol Trujillo and Gary Acosta at L’ATTITUDE addressed the matter publicly. Now, the challenge that Latinas must deal with, is enjoying a much greater level of attention. As access to venture capital is such a challenge, the team opted to explain how Hispanics in the US can obtain the necessary funds to invest in their businesses. Candidates can initiate the process by applying at Latina Ventures for the funds they need. Once the team has reviewed your submission and had the time to validate the information that a candidate provided in comparison with their investment criteria, they will proceed with a screening process. This stage of the process can take 2-3 days to complete. However, the team states that if an application is a standout case, then they can speed up the process and have your entire application process completed in as little as a week. Stage two in the process consists of an extended review. During this part of the process, the team would familiarize themselves with your industry and reach out to the experts in the field to get all the answers they would need from an investors perspective. Their team would then meet and discuss your application, the validity of the ground for your application and if this is a viable investment for the team to make. However, they do not only provide Latina venture capital but would also share resources and determine in what other ways they can provide the support that the candidate requires. This is also when they would set up a meeting with candidates and their teams to ensure that their understanding of the business and the process is comprehensive Due diligence is a vital part of the process and would be the next stage. Here they would validate their assessment and decide on what investment terms they can offer the candidate. By this stage, the candidate’s application is nearly completed and there remains only one stage left before they could gain access to the funds they require. Lastly, the team set up the match-up which is a crucial part of the process. They would provide candidates with the necessary resources to be a worthy competitor in the match-up and all who form part of the competition would receive the resources to invest before they start to compete against each other. Lastly, once the competition is complete, any pending funds would be finalized, and they will wire the outstanding investment funds within a week. These kinds of initiatives are vital not only to provide Latinas with the necessary financial resources they require to be successful in their ventures but also because the Latino community and the contribution that they make to the national economy is quite substantial. As the Latina investment into the overall financial health of the United States has grown so much, it is important to ensure that these entrepreneurs have access to all the resources necessary to continue with this growing contribution to the economy. The support that the L’ATTITUDE team provide the Hispanic communities across the country started with their annual events, of which the first was held in 2018. Today, the service portfolio they offer to the ethnic group is much wider and far more comprehensive, catering for a much wider range of needs.
About Us LAT VC is a venture capital firm that is closely linked to L’ATTITUDE with our core focus on Latino businesses that are still in their initial stages. We invest funds into these enterprises that show excellent possibilities to deliver a good return on investment with technology as the core field we are operating in. LAT-VC has been around since 2019 but it is only recently that we managed to truly make headway and to offer the firm the exposure it deserves. Visit our website at http://lattitude.vc/ and see how we can be of service to you and help you to make your dreams come true.