Yesterday, I was kind of busy with my Dad so I don’t have much to say today.
Commentary’s Dad turns 94 a month from today. How about that?
Like folks that reach 94, they have to deal with real issues.
It seems like these days, I learn something new every day related to my Dad. Exams, tests, assessments, appointments….. you name it.
Yesterday, my Dad and I spent half of the day together. The good thing about this is I didn’t get to watch the O.J. deal. I was spared.
It is never boring hanging with my Dad, though.
My sister and her family’s business made it to Fortune again. Here is how it starts:
Miguel Garza knows that, statistically, the deck is stacked against a startup like the one he runs.
While Latino-owned businesses account for 12% of all small businesses in the U.S. and grow two-and-a-half times faster than the average U.S. business, these companies — and their leaders — face a dearth of capital and a ceiling on revenue. According to Stanford’s Graduate School of Business, less than 1% of startups funded by venture capitalists have a Latino founder. And just 2% of all Latino-owned businesses see revenues north of $1 million.
Garza’s business, the grain-free tortilla maker Siete Family Foods, has beaten those odds, securing outside investors and achieving seven-digit revenue figures in the three years since launching Siete in 2014. It’s a fact that the 29-year-old CEO attributes to good fortune (“we’ve been blessed to work with really good people who have helped us grow,” he says), and also some ingenuity.
“We had never pitched a business before,” he says of his team, which is also his family (Siete is named for the seven Garza family members, six of whom are involved in the company). Because of this, and because of the general lack of access to capital for Latino businesses, he says, the Garzas prominently featured their educational backgrounds in their investor presentations when they were just starting out.
Check out the story here: https://www.forbes.com/sites/maggiemcgrath/2017/07/13/how-one-under-30-overcame-the-barrier-to-funding-for-latino-owned-businesses/#569db7ce2a46.
Nice.
We all know Donald Trump did deals with the Russians. It should not surprise us that he is trying to stop the Special Counsel from looking into his Russian deals. It also should not surprise us if he uses his pardoning powers to save his family and associates. It also also should not surprise us that the GOP leadership is gutlessly and cowardly standing with Trump – for now.
We are in B’More for three this weekend.
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