Press Release: LBAN Announces Completion of 13th Cohort of Stanford Scaling Program

Updated: Jul 9

The graduating class of Latino entrepreneurs boasts a combined revenue of $1.5 billion


PALO ALTO, Calif., July 23, 2022 — The Latino Business Action Network (LBAN) selected 75 Latino

entrepreneurs from across the United States and Puerto Rico to be a part of the organization’s thirteenth

cohort of the Stanford Latino Entrepreneurship Initiative Education-Scaling Program (SLEI-Ed). The initiative

is a seven-week program jointly developed by Stanford University and LBAN, focused in helping Latino and

Latina business owners scale their businesses.


The immersive seven-week program provides participants with valuable scaling frameworks, a diversified

network of capital providers, business mentorship from successful entrepreneurs and investors and a deep

understanding of mobilizing resources for sustainable business growth and scale. The uniquely tailored

program, focused exclusively on Latino entrepreneurs is unlike any other currently available to this fast-

growing segment of the U.S. economy.


"LBAN’s business scaling track record is very strong," states Arturo Cazares, LBAN CEO. "The Latina and Latino businesses that we convene at Stanford have demonstrably grown financially following a world-class curriculum. Given that Cohort 13 represents a combined $1.5 billion in gross revenue, it’s fair to say that

when these businesses use their new found skills to scale further, together with LBAN’s current alumni

network, our participants will be poised to make a huge impact on the U.S. economy.”


The criteria for applicants of SLEI-Ed is generation of $1 million in annual gross revenue or having raised at

least $500,000 from external sources. During the course of this seven-week program, the entrepreneurs

will take a customized course developed by world-renowned Stanford Graduate School of Business

professors such as Huggy Rao, and LBAN Chair Jerry I. Porras, coauthor of the international best seller, Built

to Last: Successful Habits of Visionary Companies.


“The program focuses on the mindset of the (Latino/a) entrepreneur, how they see growth and how that

shows itself in the way they manage, as well as the things they may overlook,” says Professor Emeritus

Porras. “Our program works to enhance the mindset not only of the leaders who come to Stanford, but

enabling those leaders to take what they’ve learned to their employees too. It is a very important way to

focus on growth.”

 

Chort 13 will now join a dynamic network of more than 900 Latino/Latina entrepreneurs who LBAN

carefully curates an ever-expanding ecosystem of resources, opportunities and ongoing learning

opportunities.


“I have a new company so I was very excited to be on Stanford's campus and learn from some of the most

brilliant Latinos in the United States,” remarked Camille Padilla, co-founder of the start-up Vodium and

member of LBAN’s thirteenth cohort. “They've taught me foundations that you would assume people who

start companies know how, but we're running around in so many different directions, we forget, oh, there's

an important reason behind taking a breath step and back and instilling a vision within your company.”


About LBAN

LBAN is a dynamic nonprofit based in Silicon Valley with a big mission to strengthen the U.S. economy by

empowering Latino entrepreneurship across the country. We partner with Stanford University through the

jointly supported Stanford Latino Entrepreneurship Initiative (SLEI). In addition to driving SLE-Research,

SLEI-Education Business Scaling Program, LBAN focuses on building a national ecosystem for Latino business

owners.