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Twitter 💕@MoniqueWoodard @500Startups
MONIQUE WOODARD
VENTURE CAPITAL INVESTOR
Demographic
Change Drives
Tomorrow’s Startups
Twitter 💕@MoniqueWoodard @500Startups
That this is an increasingly brown generation.
Birth of an Ecosystem: Understanding the Market for Black and Latino Tech Consumers
Many investors talk about the lasting impact of
Millennials and post-Millennials on technology. 

But we almost never hear them tell the whole story:
Twitter 💕@MoniqueWoodard
U.S. Demographic Change 1970-2050
Source: Brookings Institute
Twitter 💕@MoniqueWoodard @500Startups
2044
People of color will become the majority and
the US will become a majority-minority country
Projections of the Size and Composition of the U.S. Population 2014 - 2060 (U.S. Census Bureau)
Twitter 💕@MoniqueWoodard @500Startups
37%
Of the US population will be African
American or Latino
Source: New Projections Point to a Majority Minority Nation in 2044 (Brookings)
Twitter 💕@MoniqueWoodard @500Startups
The US is the #2 Spanish-speaking nation in the world
and will be #1 by the year 2050
138M Spanish speakers 2050
El español: una lengua viva (Cervantes Institute [Spanish]; The Guardian [English])
Twitter 💕@MoniqueWoodard @500StartupsSource: Median Age in Years , by Sex, Race, and Ethnicity: 2013 (Pew Hispanic)
LATINO 28
BLACK 33
ASIAN 36
WHITE 42
Black and Latino consumers are younger and have 

more years of spending time ahead of them
Twitter 💕@MoniqueWoodard @500Startups
Consumer technology — it’s adoption,
consumption, and distribution — is driven by
young women and people of color.
Twitter 💕@MoniqueWoodard
Multicultural users will have an even
deeper impact on technology as the
U.S. moves to majority-minority.
Twitter 💕@MoniqueWoodard @500Startups
Daily time spent streaming video (18-35 age group)
0
12
24
36
48
Black Latino Overall
Monthly time spent on mobile phones
0
15
30
45
60
Black Latino Overall
Black and Latino consumers are technology super users
Source: The Cross-Platform Report (Nielsen)
48
mins
35
mins
35
mins
55
hours
49
hours
43
hours
Twitter 💕@MoniqueWoodard @500Startups
There is a massive and untapped market
opportunity for those who are smart enough to
see it.
Twitter 💕@MoniqueWoodard
1. Solve a major problem impacting large
numbers of Black and/or Latino consumers

2. Where Latino culture and/or Spanish
language use matters

3. Where the cultural influence of these users
can be used to spread activity and adoption
to other user groups.
Twitter 💕@MoniqueWoodard @500Startups
Not a 500 Startups portfolio company
Twitter 💕@MoniqueWoodard @500Startups
A 500 Startups portfolio company
Twitter 💕@MoniqueWoodard @500Startups
A 500 Startups portfolio company
Twitter 💕@MoniqueWoodard @500Startups
Not a 500 Startups portfolio company
Twitter 💕@MoniqueWoodard @500Startups
How do you understand these changes and 

use them to future-proof your business?
Twitter 💕@MoniqueWoodard @500Startups
Personas help us understand the new super
consumers will be and what their goals and
challenges are.
Twitter 💕@MoniqueWoodard @500Startups
US-born 1st generation

Mexican-American
Uses an Android smartphone
as her primary device
22 years old 

(post-Millennial/Generation Z)
First job out of college (Arizona State
University; Business major)

makes $50K/year as a Marketing Assistant
Lives in Phoenix, Arizona

with her parents , 1 younger sibling and
one extended family member
Speaks Spanish at home, English at work, and a
mix of both with her friends. When it comes to
marketing and content, English is her preferred
language
Saving to move into her own apartment
(extremely price conscious)
Spends over 20 hours/week on
mobile, apps, and social media.
Crafty and entrepreneurial. 

Runs an Etsy shop part-time 

(makes $2,000/mo)
She spends 2.5 hours/day streaming
video. Most commonly used apps
are SnapChat, IG, and FaceTime
She wants to pay down student loans,
get her first credit card, move into an
apartment, and eventually start her own
business
On a scale of 1-5, she rates the
importance of ‘personal finance
management’ a 5. But she doesn’t
have a lot of money or a lot of time
to spend managing her money.
Gets most of her financial advice
from her parents and friends
When it comes to marketing and content,
English is her preferred language
Twitter 💕@MoniqueWoodard @500Startups
34 year old African-American male
Recently married and ready to start a family
Very active in his local church and
makes regular charitable donations
(tithes)
iPhone and laptop are his
most commonly used devices
Doesn’t like to talk to friends and family
about personal finance and gets most of his
information from blogs and financial
improvement listservs
Makes $85K as a Sales Manager and
with his wife, has a combined
household income of $160K/year
Currently renting in Atlanta, GA and
considering purchasing a first home
Still has $20K in student loans that he
would like to pay off in the next year
Has a 401K but has never used a
financial advisor. Perceives 1:1
financial advisory services as “very
expensive”.
Spends 3 hours/day on social media.
Most commonly used apps are
Twitter, Instagram, and Facebook
Plans to buy a house in the next 9
months, but is nervous about
qualifying for a loan
Twitter 💕@MoniqueWoodard @500Startups
Understanding new consumer groups is the
key to turning insights into upside.
Our world is changing…
Twitter 💕@MoniqueWoodard
QUESTIONS? ¿PREGUNTAS?
hello@monique.vc monique@500startups.com

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Demographic Change Drives Tomorrow’s Startups

  • 1. Twitter 💕@MoniqueWoodard @500Startups MONIQUE WOODARD VENTURE CAPITAL INVESTOR Demographic Change Drives Tomorrow’s Startups
  • 2. Twitter 💕@MoniqueWoodard @500Startups That this is an increasingly brown generation. Birth of an Ecosystem: Understanding the Market for Black and Latino Tech Consumers Many investors talk about the lasting impact of Millennials and post-Millennials on technology. 
 But we almost never hear them tell the whole story:
  • 3. Twitter 💕@MoniqueWoodard U.S. Demographic Change 1970-2050 Source: Brookings Institute
  • 4. Twitter 💕@MoniqueWoodard @500Startups 2044 People of color will become the majority and the US will become a majority-minority country Projections of the Size and Composition of the U.S. Population 2014 - 2060 (U.S. Census Bureau)
  • 5. Twitter 💕@MoniqueWoodard @500Startups 37% Of the US population will be African American or Latino Source: New Projections Point to a Majority Minority Nation in 2044 (Brookings)
  • 6. Twitter 💕@MoniqueWoodard @500Startups The US is the #2 Spanish-speaking nation in the world and will be #1 by the year 2050 138M Spanish speakers 2050 El español: una lengua viva (Cervantes Institute [Spanish]; The Guardian [English])
  • 7. Twitter 💕@MoniqueWoodard @500StartupsSource: Median Age in Years , by Sex, Race, and Ethnicity: 2013 (Pew Hispanic) LATINO 28 BLACK 33 ASIAN 36 WHITE 42 Black and Latino consumers are younger and have 
 more years of spending time ahead of them
  • 8. Twitter 💕@MoniqueWoodard @500Startups Consumer technology — it’s adoption, consumption, and distribution — is driven by young women and people of color.
  • 9. Twitter 💕@MoniqueWoodard Multicultural users will have an even deeper impact on technology as the U.S. moves to majority-minority.
  • 10. Twitter 💕@MoniqueWoodard @500Startups Daily time spent streaming video (18-35 age group) 0 12 24 36 48 Black Latino Overall Monthly time spent on mobile phones 0 15 30 45 60 Black Latino Overall Black and Latino consumers are technology super users Source: The Cross-Platform Report (Nielsen) 48 mins 35 mins 35 mins 55 hours 49 hours 43 hours
  • 11. Twitter 💕@MoniqueWoodard @500Startups There is a massive and untapped market opportunity for those who are smart enough to see it.
  • 12. Twitter 💕@MoniqueWoodard 1. Solve a major problem impacting large numbers of Black and/or Latino consumers
 2. Where Latino culture and/or Spanish language use matters
 3. Where the cultural influence of these users can be used to spread activity and adoption to other user groups.
  • 13. Twitter 💕@MoniqueWoodard @500Startups Not a 500 Startups portfolio company
  • 14. Twitter 💕@MoniqueWoodard @500Startups A 500 Startups portfolio company
  • 15. Twitter 💕@MoniqueWoodard @500Startups A 500 Startups portfolio company
  • 16. Twitter 💕@MoniqueWoodard @500Startups Not a 500 Startups portfolio company
  • 17. Twitter 💕@MoniqueWoodard @500Startups How do you understand these changes and 
 use them to future-proof your business?
  • 18. Twitter 💕@MoniqueWoodard @500Startups Personas help us understand the new super consumers will be and what their goals and challenges are.
  • 19. Twitter 💕@MoniqueWoodard @500Startups US-born 1st generation
 Mexican-American Uses an Android smartphone as her primary device 22 years old 
 (post-Millennial/Generation Z) First job out of college (Arizona State University; Business major)
 makes $50K/year as a Marketing Assistant Lives in Phoenix, Arizona
 with her parents , 1 younger sibling and one extended family member Speaks Spanish at home, English at work, and a mix of both with her friends. When it comes to marketing and content, English is her preferred language Saving to move into her own apartment (extremely price conscious) Spends over 20 hours/week on mobile, apps, and social media. Crafty and entrepreneurial. 
 Runs an Etsy shop part-time 
 (makes $2,000/mo) She spends 2.5 hours/day streaming video. Most commonly used apps are SnapChat, IG, and FaceTime She wants to pay down student loans, get her first credit card, move into an apartment, and eventually start her own business On a scale of 1-5, she rates the importance of ‘personal finance management’ a 5. But she doesn’t have a lot of money or a lot of time to spend managing her money. Gets most of her financial advice from her parents and friends When it comes to marketing and content, English is her preferred language
  • 20. Twitter 💕@MoniqueWoodard @500Startups 34 year old African-American male Recently married and ready to start a family Very active in his local church and makes regular charitable donations (tithes) iPhone and laptop are his most commonly used devices Doesn’t like to talk to friends and family about personal finance and gets most of his information from blogs and financial improvement listservs Makes $85K as a Sales Manager and with his wife, has a combined household income of $160K/year Currently renting in Atlanta, GA and considering purchasing a first home Still has $20K in student loans that he would like to pay off in the next year Has a 401K but has never used a financial advisor. Perceives 1:1 financial advisory services as “very expensive”. Spends 3 hours/day on social media. Most commonly used apps are Twitter, Instagram, and Facebook Plans to buy a house in the next 9 months, but is nervous about qualifying for a loan
  • 21. Twitter 💕@MoniqueWoodard @500Startups Understanding new consumer groups is the key to turning insights into upside.
  • 22. Our world is changing…