Latino Business Action Network Announces 9th Cohort of the Stanford Latino Entrepreneurship Initiative Education-Scaling Program
PR Newswire
PALO ALTO, Calif., June 1, 2020
PALO ALTO, Calif., June 1, 2020 /PRNewswire-PRWeb/ -- The Stanford Latino Entrepreneurship Initiative and the Latino Business Action Network (LBAN) welcomed 75 scaled Latinx entrepreneurs from across the U.S. to participate in the Stanford Latino Entrepreneurship Initiative Education-Scaling Program (SLEI-Ed) at Stanford Graduate School of Business (GSB). SLEI-Ed is an immersive seven-week program providing participants with valuable scaling frameworks, a diversified network of capital providers, business mentorship, and a deep understanding of mobilizing resources for sustainable business growth and scale. The program is part of the Stanford Latino Entrepreneurship Initiative, a unique collaboration between LBAN and Stanford University. The "Scaling Up Your Venture" course, hosted by Stanford GSB Executive Education, is taught by world-renowned scaling expert Hayagreeva Rao, Atholl McBean Professor of Organizational Behavior and Human Resources at Stanford GSB.
LBAN is chaired by Victor Arias, Jr. Jerry I. Porras, coauthor of the international best seller, Built to Last: Successful Habits of Visionary Companies and Lane Professor of Organizational Behavior, Emeritus, at Stanford GSB is LBAN's Chairman Emeritus. Mark L. Madrid serves as LBAN's CEO.
"Especially during these trying times of dealing with COVID-19 and the associated economic uncertainty," stated Chairman Arias, "we are assured of the dedication and commitment of our 75 Hispanic entrepreneurs in this 9th cohort to continue to drive the U.S. economy, just as our Latino entrepreneurs contributed mightily to the recovery after the most recent recession. Many thanks to the LBAN board and staff and to Stanford University for supporting this even more critical scaling program."
"We are the top mobilizer of scaled Latina and Latino business owners in the United States and continue to drive an American economic imperative," remarked Madrid. "This cohort is an embodiment of resilience, as these Latinx entrepreneurs are somehow aggregating their sheer will and determination to complete this robust curriculum during the COVID-19 pandemic. Truly remarkable!"
The criteria for applicants of the Stanford Latino Entrepreneurship Initiative Education-Scaling Program is generation of annual gross revenue of at least $1 million or having raised at least $500,000 from external sources. Since 2015, 584 scaled Latinx entrepreneurs have graduated from SLEI-Ed and joined the LBAN family. Combined annual gross revenues for this collective group are over $3.02 billion.
"In just a couple of weeks the Stanford scaling program has given me robust and innovative tools to grow and scale to the next level," said Claudia Romo Edelman, founder of the We Are All Human Foundation and member of the new cohort. I am reframing the size of our ambition, and fueling a new business model for our Hispanic Star campaign, which will transform our Hispanic community in the U.S."
The Stanford Latino Entrepreneurship Initiative and LBAN congratulate the following 75 Latina and Latino entrepreneurs of the 9th SLEI-Ed cohort.
About Latino Business Action Network (LBAN):
LBAN is a national 501 (c)(3) nonprofit with the purpose of strengthening the United States by improving the lives of Latinos and the goal to double the number of $10 million, $100 million, and $1 billion Latino-owned businesses by 2025. LBAN collaborates with Stanford University to champion the Stanford Latino Entrepreneurship Initiative. Mark Madrid serves as CEO of the organization. Jennifer Garcia is Director of Programs and Communications, and Elian Savodivker is Director of Engagement.
About Stanford Latino Entrepreneurship Initiative (SLEI):
SLEI is a Stanford University research initiative housed within Stanford Graduate School of Business. SLEI explores and expands our knowledge of the Latino entrepreneurship segment in our economy through research, knowledge dissemination, and facilitated collaboration.
SOURCE Latino Business Action Netowrk