This is how VamosVentures defines their program: "We aim to build and support venture careers of Latinx and diverse individuals by offering aspiring investors ownership of the deal process, and providing resources and training to be successful investors. Some of the resources we will be providing Scouts are community, programming, and capital to enhance their skills, gain exposure to the VC world, and develop impressive track records.

As part of this program we want to bring together successful, motivated, and passionate professionals with a broad interest in the venture capital space who are driven to find and fund exceptional Latinx and diverse entrepreneurs.

If this is you, we would love for you to apply! More details on the program are included below."

Value-Add

Vamos Ventures will deliver programming on the principles of early-stage investing as part of the scout program, including:

• Founder networking, sourcing, and pitching
• Due diligence and deal screening
• Investing and financial analysis
• Post-investment assistance

Scouts will be able to learn critical abilities and prioritize investment possibilities if they follow these foundations. Scouts will have extensive discretion in choosing, analyzing, and engaging intriguing content after completing the aforementioned programming.

Scouts will work with the VamosVentures team to do due diligence, write investment memoranda, and propose to our investment committee for appealing investment ideas. Scouts will have a lot of leeway towards the end of the program when it comes to selecting, analyzing, and engaging interesting investment prospects.

The value of the initial investment might range from $100,000 to $2 million per startup invested in. The majority of the initial investments will be made through SAFE, convertible note, or priced stock purchase agreements. Companies must be formed as C companies and be located in the United States.

Requirements

Candidates should satisfy the following requirements.

• Have at least 5 years of professional experience in the IT or startup arena.
• Demonstrate extensive expertise and enthusiasm for one of the VamosVentures sector emphasis areas (health and wellness, future of work, fintech, sustainability, and commerce)
• Ability to connect with and expand entrepreneurial networks in one of the chosen sector emphasis areas.
• Demonstrate an interest in and commitment to expanding diverse representation in the venture capital community.
• Must have the time and resources to devote 3–5 hours each week to the program.

VamosVentures is a venture capital fund in the United States that focuses on Latinx and diverse founders that are building early-stage tech-enabled businesses. VamosVentures aims to create wealth, social mobility, and innovative solutions in order to earn financial returns and have a significant impact.

In fundraising rounds, the fund will lead, co-lead, or participate.

Because they were varied founders themselves and are now diverse investors, the fund intentionally focuses on diverse founders. They are intimately aware with the obstacles and possibilities produced by inefficient capital markets as they apply to different entrepreneurs.

The Diversity Term Sheet Rider has been implemented by VamosVentures.