On this episode of the Scouting For Growth podcast, Sabine VdL talks to Adrian Mendoza, founder and general partner of Mendoza Ventures, whose inspirational journey sees him go from first generation Mexican-American who turned a successful tech-exit into a platform for empowering others. He’s a living embodiment of the power of perseverance and vision.

On this episode, Adrian shares his insights on everything from pitfalls to how to deal with corporate life, and building corporate innovation lab to the art of securing strategic investments.

KEY TAKEAWAYS


It was very rare to find an operator/founder that was also an investor in 2015, but we had a lot of experience meeting people with domain expertise who would come to us because they’d invested in us through funds. VC was a black box that would never connect to founders. We theorised there was incredible potential success in breaking that black box open and connecting incredible investors that had operational and domain expertise with founders.


Venture has been very localised. When we first looked at the landscape we realised there was an opportunity to find incredible talent that wasn’t the kids that went to Oxford or Stanford because you’re missing out on everything in between. One of our first investments was two Latinos that were working at RSA security and left because they had an idea, they didn’t have Ivy League educations, they were domain experts. That company returned 10x in 5 months back to us.


For us, DE&I is not just black, brown and female, but also age diversity, veterans, those coming from rural areas. If you’re going to look at equity and inclusion it can just be within a sub-segment because then it’s incredibly hard to find talent. We want to find talent no matter where it is and what it looks like.


In order to create the best outcomes you cannot be a passive investor, you have to help find customers, investors, help mentor these individuals because they’ve never run a company with 80-100 people before, help them find the talent and the ways into mainstream financial institutions or corporates. 

BEST MOMENTS

‘No one looked like us, there were no women or Latinos writing venture cheques, we didn’t know that we were one of the first Latinx Venture Funds on the East Coast until individuals in private equity told us.’

‘There’s incredible talents at corporates in rural areas in middle America that no one’s touching that is out there having ideas and building companies. We invest in this talent because we look like that talent.’

‘60% of California is Latino, if we’re looking at being representative of that area then 60% of the capital should be going to Latinos. Most states are 50% women, 50% of capital should be going to women.’

‘Our references aren’t just the investors, they’re the founders that we backed and those that we’ve had exits with.’

ABOUT THE GUEST

Adrian Mendoza is the founder and general partner at Mendoza Ventures which is both Latinx and woman-owned and the first Latinx-founded VC fund on the east coast. His firm focuses on investments in Fintech, AI, and Cybersecurity, with diversity playing an important role in their investment decisions—about 80% of their portfolio consists of startups led by immigrants, people of colour, and women. Since its founding seven years ago, Mendoza Ventures has raised two funds and had two successful exits. The firm is currently raising its third fund, a $100M fintech fund anchored by Bank of America, focused on early growth funding rounds. In 2022, Axios Magazine listed Adrian as one of the five most influential people in Boston and the LA Times honoured Adrian as a DEI visionary as one of California’s most prominent game-changers and thought leaders in the business world today. Adrian is also a regular contributor on CNBC on the state of Venture capital in the US and the firm has recently been covered in Forbes, Bloomberg, and The Boston Globe.

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ABOUT THE HOST

Sabine is a corporate strategist turned entrepreneur. She is the CEO and Managing Partner of Alchemy Crew a venture lab that accelerates the curation, validation, & commercialization of new tech business models. Sabine is renowned within the insurance sector for building some of the most renowned tech startup accelerators around the world working with over 30 corporate insurers, accelerated over 100 startup ventures. Sabine is the co-editor of the bestseller The INSURTECH Book, a top 50 Women in Tech, a FinTech and InsurTech Influencer, an investor & multi-award winner.

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On this episode of the Scouting For Growth podcast, Sabine VdL talks to Adrian Mendoza, founder and general partner of Mendoza Ventures, whose inspirational journey sees him go from first generation Mexican-American who turned a successful tech-exit into a platform for empowering others. He’s a living embodiment of the power of perseverance and vision.
On this episode, Adrian shares his insights on everything from pitfalls to how to deal with corporate life, and building corporate innovation lab to the art of securing strategic investments.
KEY TAKEAWAYS
<ul>
<li dir="ltr" aria-level="1">
It was very rare to find an operator/founder that was also an investor in 2015, but we had a lot of experience meeting people with domain expertise who would come to us because they’d invested in us through funds. VC was a black box that would never connect to founders. We theorised there was incredible potential success in breaking that black box open and connecting incredible investors that had operational and domain expertise with founders.
</li>
<li dir="ltr" aria-level="1">
Venture has been very localised. When we first looked at the landscape we realised there was an opportunity to find incredible talent that wasn’t the kids that went to Oxford or Stanford because you’re missing out on everything in between. One of our first investments was two Latinos that were working at RSA security and left because they had an idea, they didn’t have Ivy League educations, they were domain experts. That company returned 10x in 5 months back to us.
</li>
<li dir="ltr" aria-level="1">
For us, DE&amp;I is not just black, brown and female, but also age diversity, veterans, those coming from rural areas. If you’re going to look at equity and inclusion it can just be within a sub-segment because then it’s incredibly hard to find talent. We want to find talent no matter where it is and what it looks like.
</li>
<li dir="ltr" aria-level="1">
In order to create the best outcomes you cannot be a passive investor, you have to help find customers, investors, help mentor these individuals because they’ve never run a company with 80-100 people before, help them find the talent and the ways into mainstream financial institutions or corporates. 
</li>
</ul>
BEST MOMENTS
‘No one looked like us, there were no women or Latinos writing venture cheques, we didn’t know that we were one of the first Latinx Venture Funds on the East Coast until individuals in private equity told us.’
‘There’s incredible talents at corporates in rural areas in middle America that no one’s touching that is out there having ideas and building companies. We invest in this talent because we look like that talent.’
‘60% of California is Latino, if we’re looking at being representative of that area then 60% of the capital should be going to Latinos. Most states are 50% women, 50% of capital should be going to women.’
‘Our references aren’t just the investors, they’re the founders that we backed and those that we’ve had exits with.’
ABOUT THE GUEST
Adrian Mendoza is the founder and general partner at Mendoza Ventures which is both Latinx and woman-owned and the first Latinx-founded VC fund on the east coast. His firm focuses on investments in Fintech, AI, and Cybersecurity, with diversity playing an important role in their investment decisions—about 80% of their portfolio consists of startups led by immigrants, people of colour, and women. Since its founding seven years ago, Mendoza Ventures has raised two funds and had two successful exits. The firm is currently raising its third fund, a $100M fintech fund anchored by Bank of America, focused on early growth funding rounds. In 2022, Axios Magazine listed Adrian as one of the five most influential people in Boston and the LA Times honoured Adrian as a DEI visionary as one of California’s most prominent game-changers and thought leaders in the business world today. Adrian is also a regular contributor on CNBC on the state of Venture capital in the US and the firm has recently been covered in Forbes, Bloomberg, and The Boston Globe.
<a href="https://mendoza-ventures.com/">Website</a>
ABOUT THE HOST
Sabine is a corporate strategist turned entrepreneur. She is the CEO and Managing Partner of Alchemy Crew a venture lab that accelerates the curation, validation, &amp; commercialization of new tech business models. Sabine is renowned within the insurance sector for building some of the most renowned tech startup accelerators around the world working with over 30 corporate insurers, accelerated over 100 startup ventures. Sabine is the co-editor of the bestseller The INSURTECH Book, a top 50 Women in Tech, a FinTech and InsurTech Influencer, an investor &amp; multi-award winner.
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There are over 140,000 FinTech ventures out there, including FinTechs, InsurTechs, HealthTechs, and WealthTechs. And the number keeps on changing every month. One statistic remains the same: 25% of these ventures have received investment and support from the financing world. 75% of these businesses still seek financing support from institutional and corporate investors alongside value-creating commercial collaboration opportunities with Global Fortune 500.

Through this podcast series, I would like to demystify the world of corporate venturing, including how corporations collaborate with growth ventures, how venture capitalists and corporate venture capitalists make investment and collaboration choices in ventures and give tech founders and entrepreneurs, the strategies, tactics, tools, and techniques to build, grow and scale their business by understanding how those with financing power think. 

So, listen in, share and comment as you see fit.

There are over 140,000 FinTech ventures out there, including FinTechs, InsurTechs, HealthTechs, and WealthTechs. And the number keeps on changing every month. One statistic remains the same: 25% of these ventures have received investment and support from the financing world. 75% of these businesses still seek financing support from institutional and corporate investors alongside value-creating commercial collaboration opportunities with Global Fortune 500.
Through this podcast series, I would like to demystify the world of corporate venturing, including how corporations collaborate with growth ventures, how venture capitalists and corporate venture capitalists make investment and collaboration choices in ventures and give tech founders and entrepreneurs, the strategies, tactics, tools, and techniques to build, grow and scale their business by understanding how those with financing power think. 
So, listen in, share and comment as you see fit.

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