In the world of venture capital, Latino-owned businesses are rarer than billion dollar unicorns.
Only about 1% of all Latino-owned businesses created between 2007 and 2012 in the U.S. received venture capital or angel investments, according to a report by the Stanford Graduate School of Business that surveyed roughly 1,800 businesses.
One big reason: Very few Latino-owned firms are even walking through the doors of venture capital firms to begin with.
Of all the firms that received VC funding, 87% had white founders, according to report from CB Insights. Asian-owned firms ranked a distant second, at 12%, while Black-owned companies represented a tiny 1% sliver. CB Insights said it did not break out a figure for Latino-owned firms. READ MORE AT ABC 7 FORT MYERS NAPLES PORT CHARLOTTE
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