The S&P is down 13.5%, the Fed is increasing rates, and with ongoing turmoil from war in Ukraine and the Supreme Court, brace yourself for a turbulent time. Whereas we were in a "frothy" market (many underrepresented founders still didn't feel it), there is already signs of a slowdown in later stages (see below).

What about early-stage founders? How do they make sense of the downturn many are experiencing for the first time? VCFamilia is hosting an emergency Founder Twitter Space "Market Crash + AMA" with VCs to discuss the market and answer questions you may have about fundraising. Join us Monday 2pm ET here with Cheryl Campos (Republic, TCF), Rachel ten Brink (Red Bike Capital) and Carlos Castellanos (Samsung Next) to discuss, powered by Comcast LiftLabs.

Also, our Texano VCF fam will be having a meetup this coming Wednesday at 4pm in Austin. It's great to see our community getting together again IRL. Shoutout to Brooke Turner for organizing! Stay tuned to our Twitter for event updates.

Latinx Founders, apply to Lift Labs by 5/11!

If you’re building a startup in media, entertainment or connectivity, Comcast NBCUniversal LIFT Labs Accelerator, powered by Techstars can super-charge the growth of your company! Apply by Wednesday May 11th - founders interested in applying for the accelerator can also request office hours with the team running the program. 

VC Jobs Opps (Feel free to share!)

1. Techstars - Hiring an Investment Associate for their New York accelerator team. Apply here.

2. Samsung Next - Looking for a Technical Investor Intern. Apply here.

3. All Iron Ventures - Looking for an Investment Intern. Apply here.

4. Sie Ventures - Hiring a Head of Platform and Community. Learn more here.

5. Ark Invest - Hiring a Venture Capital Associate. Apply here.

6. Mucker Capital - Looking for a Venture Capital Associate. Apply here.

7. Plug and Play Tech Center - Hiring a Venture Associate (Health). Learn more here.

8. Greycroft - Looking for an Investment Team Associate. Apply here.

9. The Engine - Hiring a Summer Associate. Apply here.

10. PeakSpan Capital - Looking for a Growth Equity Senior Associate. Apply here.

Appreciation Corner

Desiree Vargas Wrigley was sanctified!

To the Mothers that raised us♥

A special thank you to all the mother's in our community and to those who raised us! Gracias por todo, for teaching us how to work hard and care about each other. Thank you for the moments in the kitchen trying to learn what "un pinche/pocito de XXX" translates to teaspoons. Thank you for la chancla when we deserved it and for all the love and care. We're all here today because of the sacrifices our mothers have made every day.

Congrats to Samara Hernandez on raising $52M!

Chingona Ventures lands $52M to fund overlooked founders in massive markets – TechCrunch — techcrunch.com

Chingona Ventures, a three-year-old, Chicago-based venture outfit that invests in pre-seed startups, primarily in the Midwest and primarily founded by overlooked individuals who are focused on massive markets, has closed a new fund with $52 million in capital commitments. Limited partners in the new fund include PayPal Ventures, Norwest Venture Partners, Melinda Gates’s Pivotal Ventures, […]

And of course, we appreciate all of you. 💙

If you are a VC who identifies as Latinx and would like to join our VCF slack, please fill out this form. Feel free to join the Linkedin group that includes allies + follow us on Twitter (3300+ followers strong!).