Sergio C Muñoz, SVP of HOTB Software Solutions named to LAVA Board of Directors

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On August 16, 2017, at Magicopolis in Santa Monica, California, Leonard Lanzi, Executive Director of the Los Angeles Venture Association (LAVA) and Alan Spatz, Outgoing President of LAVA, announced Sergio C. Muñoz, SVP of HOTB Software Solutions as an incoming member of the Board of Directors.

On August 16, 2017, at Magicopolis in Santa Monica, California, Leonard Lanzi, Executive Director of the Los Angeles Venture Association (LAVA) and Alan Spatz, Outgoing President of LAVA, announced Sergio C. Muñoz, SVP of HOTB Software Solutions as an incoming member of the Board of Directors.

Muñoz, a fintech executive in the investment division at HOTB relayed his goals for his first two-year tenure on the LAVA board of directors, "I'd like to help grow the LAVA membership with Latina/o entrepreneurs in Los Angeles. It is reported that they currently feel they have limited access to capital from Silicon Valley and New York investors." Muñoz continued, "I am secondarily focused on opening opportunities for Latinas in Los Angeles in the technology sector and supporting the efforts of the Women in LAVA special interest group."

HOTB Software Solutions began sponsoring LAVA in October 2014 via the Meet the VC event at the Annenberg Beach Club in Malibu. Muñoz was selected from the executive team at HOTB as the representative for the firm. Muñoz and HOTB have also been active with LAVA's First Look LA. Lanzi made an effort this year to diversify the ethnic make-up of the board at LAVA. Lanzi says, "In past years, we knew we had to diversify the gender profile of the board and establish special interest groups that welcomed all of our female entrepreneurs in Los Angeles. Those groups, like Women in LAVA, have been extremely popular and well-received. With Sergio, we begin our efforts to establish a connection to the Latin American entrepreneurs in our region. We hope it will be equally successful."

To understand the scope of the limited access to capital experienced by Latina/o entrepreneurs, read the recently published report by The Stanford Latino Entrepreneurship Initiative (SLEI), a research collaboration between Stanford University housed at the Graduate School of Business and the Latino Business Action Network (LBAN), a 501(c)3 not for profit organization located in Palo Alto, CA. SLEI developed a vision to make America stronger by empowering Latino entrepreneurs to grow large businesses through entrepreneurship research, education and networks. The goal is to grow the American economy by doubling the number of $10+ million, $100+ million, and $1+ Billion Latino-owned businesses by 2020. {http://lban.us/wp-content/uploads/2015/11/Final-Report-.pdf}

About LAVA: Since 1985 the Los Angeles Venture Association has been providing forums where entrepreneurs and executives of start-up, emerging growth and late stage venture funded companies actively meet and learn from fellow executives, investors, bankers, financial advisors and other providers of professional services. Our extensive slate of monthly Strategic Interest Group meetings and panel discussions feature exceptional presentations by prominent members of our investment, entrepreneurial, business and academic communities. Our annual Meet the VC conference, First Look LA and the LAVA Awards Dinner are our region's premiere forums on investment capital. We also co-produce events with many of our affiliated organizations. For more information, connect with len (at) lava (dot) org

About HOTB Software Solutions: Founded in Irvine in 2008, HOTB is a software development firm with an investment division. HOTB is fully capitalized and searching for startups that are capable of explosive growth. HOTB has industry strength in Fintech (high security), Healthcare (high compliance) and Real Estate (high volume). For more information, connect with sergio (at) hotbsoftware (dot) com

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Leonard Lanzi

Leonard Lanzi
@LAVA310
since: 10/2012
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