Position Specification

Position  –  Chief Executive Officer, CEO

Location  –  Stanford / Palo Alto, CA

Reporting Relationship  –   Board of Directors

Organization Background/Culture

Latinos have rapidly become an integral part of the New Mainstream in the U.S. to the point that now; economic growth depends heavily on the accelerated social and economic development of this segment of our society. We believe that the creation of a broader, rapidly expanding entrepreneurial class of U.S Latinos focused on creating and growing highly scaled companies constitutes the single, most powerful way to achieve this critical development. A thriving Latino entrepreneurial class will provide the jobs and wealth needed to further drive the economic growth of both Latinos and our nation.

Stanford University Graduate School of Business faculty and alumni have joined several prominent Latino business leaders in the creation of the Latino Business Action Network to develop a framework for addressing this meaningful opportunity. This framework consists of a collaboration with Stanford University Graduate School of Business to achieve the following goals:

Promote US Economic Growth

  • To strengthen the United States by helping promote stronger economic growth and development of Latino owned businesses

Drive Latino Business Scaling

  • To unleash the economic earning potential of Latino entrepreneurs by understanding and addressing structural impediments to scaling their businesses

Inform National Policy Discussion

  • To identify and analyze the opportunities and national implications represented by Latino business development

In 2013, the Latino Business Action Network (“LBAN”), a nonprofit 501(c)(3) organization, was formed to support this work, and has collaborated with Stanford to create the Stanford Latino Entrepreneurship Initiative (SLEI).  The Stanford Latino Entrepreneurship Initiative (SLEI) is a Stanford University research and education initiative housed in the Center for Entrepreneurial Studies within the Stanford Graduate School of Business.

The Latino Business Action Network has three core strategies to support it's mission

Research

  • To utilize world-class quantitative methods and leverage evolving qualitative tools to develop actionable insights from the 5 million Latino-owned businesses in the U.S.; stimulating more informed policy-making, business partnerships, and knowledge and skill development.  SLEI recently published its sixth annual State of Latino Entrepreneurship report presenting robust survey data from both Latino-owned and White-owned businesses across the country to provide a timely account on the fastest growing segment of the U.S. business population. Learn More.

Leadership Development

  • To accelerate the development of critical leadership skills through an intensive Stanford faculty-led program augmented by an online curriculum, webinars, and personal mentorships that address impediments to scale and facilitate connection to partners, channels, sources of capital, internships, and successful Latino role models.   SLEI-Education (SLEI-Ed), has delivered programs to 10 Cohorts representing 721 Alumni that contribute $4B + of combined annual revenues to the American Economy, employing 35,000+ and located across 31 states and Puerto Rico. Learn More.

Ecosystem Development

  • To drive the integration of stand-alone resources in the US that support the growth and development of entrepreneurs and small business by streamlining communication and collaboration across an integrated network.  Enable, expand and support the alumni network community and on-going training of the SLEI-Ed program.

The research and leadership development programs are organized and delivered as part of SLEI in collaboration with the Stanford GSB.

Key Responsibilities

Latinos have rapidly become an integral part of the New Mainstream in the U.S. to the point that now; economic growth depends heavily on the accelerated social and economic development of this segment of our society. We believe that the creation of a broader, rapidly expanding entrepreneurial class of U.S Latinos focused on creating and growing highly scaled companies constitutes the single, most powerful way to achieve this critical development. A thriving Latino entrepreneurial class will provide the jobs and wealth needed to further drive the economic growth of both Latinos and our nation.

Stanford University Graduate School of Business faculty and alumni have joined several prominent Latino business leaders in the creation of the Latino Business Action Network to develop a framework for addressing this meaningful opportunity. This framework consists of a collaboration with Stanford University Graduate School of Business to achieve the following goals:

Leadership & Management

  • Lead and strengthen a high-performing, efficient, and entrepreneurial organization that advances its mission and strategic goals, be creative in meeting new organizational opportunities and challenges, integrate solutions, anticipate problems, effectively resolve disruptions, self-evaluate, and continuously monitor the improvement of internal systems.
  • Lead the LBAN operating team.  S/he will co-coordinate, with Stanford, the two full time SLEI resources, Research Analysts (exclusive to SLEI and part of the Center for Entrepreneurial Studies housed at the Stanford Graduate School of Business). Cultivate collaboration, information sharing, and resource development with the Stanford SLEI co-coordinator and the GSB.
  • Manage all strategic aspects of the organization with an emphasis on results and cooperation across Stanford to fully leverage the institutional expertise.  Effectively deal with the highest levels of the Stanford University administration and ensure their continued support for SLEI’s efforts.
  • Ensure the financial viability and sustainability of the organization by leading efforts to diversify and grow the investor / donor base; explore opportunities for collaboration and partnership with current and new organizations and individuals, including for profit organizations.  Develop intimate knowledge of key Stanford Alumni and SLEI Ed Alumni who represent key advocates for LBAN & SLEI.
  • Act as the primary spokesperson for LBAN, ensuring that the organization communicates the success of its programs, its goals, and points of view to investors, the broader Stanford community, venture & incubator organizations, and the general public.
  • Develop an external team of “next generation leaders” who can assist in charting the strategic direction of the organization, and are actively engaged in scaling of existing business, including the cultivation of strategic partnerships and direct contact with current and potential major institutional and individual funders.
  • Promote the development a dynamic ecosystem supportive of Latino business owners and the growth of their companies; one that provides, among other things, timely information, business-based interactions among SLEI-Ed alumni, opportunities for access to funding sources, information on useful resources, links to mentors, etc.
  • Develop close and productive relationships with key individuals in Stanford’s administration and faculty.
  • Lead, motivate, and hold staff accountable, ensuring they have the appropriate skill sets and resources to address LBAN’s mission and challenges. Foster an environment that encourages teamwork, open dialogue, respect, collegiality, excellence, and trust. Promote opportunities for professional development. 

Board Relations

  • Work closely with the board to ensure that LBAN’s resources and business initiatives are aligned to take full advantage of opportunities to increase the organization’s impact.  Drive desired outcomes.  Assist in recruiting new members to the Board. Prepare and present detailed management, program, and financial reports to the Board. Maintain open communication with the Board by providing timely updates at Board meetings, committee, and subcommittee meetings. 
  • Harness Stanford institutional knowledge for the financial and programmatic success of the organization by promoting appropriate interactions between the board and staff.

Professional Experience/Qualifications

The successful candidate will be a passionate, visionary leader with exceptional strategic and operational experience in the nonprofit and/or private sectors. S/he will be a credentialed and culturally sensitive professional who has been embraced as a leader both within and outside of their organization and who has what it takes to forge productive working relationships with multiple stakeholders in both academic setting and business settings.

S/he will have a majority of the following attributes:

  • Extensive experience with Latino entrepreneurs and the ecosystem that supports their growth.
  • “Wellnetworked” nationally, across the venture community, with prominent Latino leaders, with corporations and foundations for fund raising, and with Latino organizations from across the nation for potential partnerships and support.
  • Ability to balance LBAN business objectives with the Stanford academic standards for research.
  • Experience leading system change efforts that require collaboration across sectorial boundaries where one sector is academia.
  • Ability to cultivate strategic public and private partnerships that uniquely position the organization to achieve scalability and institutional success.
  • Experience in leadership where authority comes from mobilizing around a compelling vision, not from positional authority.
  • Experience building high performing teams and “best place to work” cultures.
  • Ability to lead successfully in a complex, fastpaced, and dynamic environment with different and evolving contexts.
  • Experience in the entrepreneurial environment as a Startup Founder, Venture Capitalist, Angel Investor, leader of Incubator / Accelerator.
  • Experience driving national market research and database development and analysis.
  • Track record of innovative fundraising.
  • Track record of working effectively with a strategic board.

Education

An undergraduate and advanced degree are required.  An MBA or equivalent is desired.

Compensation

A competitive compensation package will be offered commensurate with the candidate’s experience and education.

This search will be open until March 31, 2021.  Interested candidates should submit their resume to Phil Pompa, head of our search committee, at Phil@lban.us.  

Latino Business Action Network |