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CNBC Features Endeavor Greece Research on Job Creation; Highlights the Need for Entrepreneurship

CNBC recently featured Endeavor Greece‘s Creating Jobs for Youth in Greece report, bringing focus to the need for  high-quality employment opportunities in the struggling economy.  The piece highlights the sharp decline in young college graduates in the […]

March 1st, 2015 — by admin

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Argentina’s Fën Hoteles Plans U.S. Expansion with Properties in NYC, LA and Miami

Argentina’s  Fën Hoteles, founded by Endeavor Entrepreneurs Patricio Fuks and Alejandro Frenkel, recently announced that it is planning an expansion across the U.S.  In partnership with real estate investment firm Rosental Group, the hotel management firm will […]

February 27th, 2015 — by admin

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CNBC Features Endeavor Greece Research on Job Creation; Highlights the Need for Entrepreneurship

cnbcCNBC recently featured Endeavor Greece‘s Creating Jobs for Youth in Greece report, bringing focus to the need for  high-quality employment opportunities in the struggling economy.  The piece highlights the sharp decline in young college graduates in the country as many move abroad in search of better job climates. With a nearly 50% youth unemployment rate, Greece’s economy is primed for a rise in high-impact entrepreneurship that can spur job creation and usher in a new period of growth. Endeavor Entrepreneur Alexis Pantazis, co-founder of Hellas Direct, was also interviewed for the article.

The report focuses on the stagnation of value-adding sectors, the necessity of startups for initiating growth, and the promise shown by a generation of Greek youth who are more globally-minded and connected than ever before. The findings reveal that a change in the perception of entrepreneurship needs to happen, particularly among younger populations, which will only be possible if healthy role models and supportive institutions exist. Endeavor Greece Managing Director Haris Makryniotis was also featured in the article, discussing the uncertainty that has plagued the country in recent years and the role that entrepreneurship can play in improving the economic outlook.

Read the full CNBC article by clicking here and learn more about the report in the video below.

Argentina’s Fën Hoteles Plans U.S. Expansion with Properties in NYC, LA and Miami

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Argentina’s  Fën Hoteles, founded by Endeavor Entrepreneurs Patricio Fuks and Alejandro Frenkel, recently announced that it is planning an expansion across the U.S.  In partnership with real estate investment firm Rosental Group, the hotel management firm will have 12 new properties under its management across New York City, Los Angeles and Miami.

To support this expansion, Fën will establish a new company headquarters in New York City. The company operates on a franchise model and currently oversees the Dazzler and Esplendor brands with 35 hotels in 17 cities. The series of U.S. openings is expected to begin in April with the 170-room Dazzler Brooklyn, which will be followed by additional openings in New York and Miami in the first stage. All together, 3,000 rooms are expected to be in operation in 2015.

“It’s exciting. This landing in the United States is a sign of continued expansion that began twelve years ago, from Argentina to the rest of the world,” said Patricio Fuks, CEO of Fën.

Since its founding in 2003, Fën has become one of the largest and fastest-growing hotel management and franchise businesses in Latin America. The founders were selected into the Endeavor network in 2007, and have since received custom mentoring from teams of business experts. The team has also been connected to other leaders in the hospitality industry through Endeavor, and has received support from initiatives like the eMBA Program.

 Read more in Argentine news by clicking here.

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The team of Fën Hoteles

Endeavor Indonesia Celebrates the Power of High-Impact Entrepreneurship with Scale-Up 2.0 Conference

Indonesia logoEndeavor Indonesia hosted a Scale-Up 2.0 Conference on Tuesday, February 3rd that brought together entrepreneurs and industry experts for a day-long event to address challenges to the region’s entrepreneurship ecosystem. In conjunction with an annual gala celebration and the Endeavor Investor Network trek, the events brought together nearly 500 network members, including 10 Endeavor Entrepreneurs, 18 mentors and more than 30 investors.

The Scale-Up 2.0 Conference was designed for growth-stage entrepreneurs to gather insight on the tools that could help them tackle some of the major challenges to scaling up. Participants had the opportunity to mingle with leading investors from Indonesia, Southeast Asia and Silicon Valley, who were keen to learn and collaborate with local entrepreneurs. Under the scale-up theme, the event included international and local speakers discussing comprehensive topics focused on everything from talent retention to employee culture to investment basics. Notable speakers and presenters included Chris Zook (Bain & Company); Raoul Oberman (McKinsey & Company); Peng T. Ong (Monk’s Hill Ventures); Khailee Ng (500 Startups); and Prashant Gokarn (PT Indosat Tbk).

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A panel discussion during the Scale Up Indonesia event

“This year marks the third anniversary of Endeavor in Indonesia. We are proud to be the first Endeavor office to open in Asia and be a pioneer in the space of high-impact entrepreneurship,” said Husodo Angkosubroto, Endeavor Indonesia Board Chairman. “In Indonesia, there are only a handful of entrepreneurs who have scaled up to propel exceptional growth in their companies and become role models. We need more local role models to look up to. Through mentoring and a supportive ecosystem, Endeavor allows for such scale-ups to happen.”

“It has been exciting to see how our young network has grown over the last few years. Endeavor Indonesia now supports 17 entrepreneurs from 15 companies in areas including F&B, retail, finance, technology, and more,” said Sati Rasuanto, Managing Director of Endeavor Indonesia. “By holding Scale-Up Indonesia, we hope to expand the companies we support and also create more awareness of Indonesian entrepreneurs.”

In addition to the Scale-Up 2.0 Conference, Endeavor held its second annual Endeavor Gala Dinner on February 3rd. The gala gathered over 280 entrepreneurs, business leaders, and other key influencers in the Indonesian entrepreneurship ecosystem. The conference was made possible through the support of BCA, Indonesia’s largest private bank.

Learn more on Endeavor Indonesia’s blog by clicking here.

Endeavor Investor Network Hosts Inaugural Investor Trek in Southeast Asia

Investor network LogoThe Endeavor Investor Network hosted its inaugural Southeast Asia Investor Trek in Jakarta and Singapore earlier this month (February 2nd-4th). The aim of the trek was to introduce global investors to the venture and entrepreneurship ecosystem of the region. The group spent three days in Jakarta and Singapore meeting with policy makers, business leaders, investors, and Endeavor companies.

The high-profile delegation was comprised of managing directors from leading global venture funds, including Amadeus Capital, DMGT International, Frontier Investments Group, GSV Asset Management, Intel Capital, Omidyar Network, Richmond Global, Rise Capital, Unitus Impact, and Wavemaker Partners, among others. Each of the event’s sessions were tailored to highlight policies favorable to investments, understand the complexities of the region, and (with its complexities in mind) establish the right relationships to navigate investment in regional companies.

In Jakarta, the delegates spent an entire day meeting some of Endeavor Indonesia’s best portfolio companies including The Goods Department, a multi-label retail store and restaurant line; Kartuku, the first company in Indonesia to successfully integrate the country’s major banks and several large retailers into a fully supported payment network; and Ruma the largest mobile payment agenda network in Indonesia.

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A site visit to entrepreneur company Kartuku

On the final day of the trek, the group traveled to Singapore for an afternoon of conversations with Southeast Asia’s venture ecosystem, including Singapore-based investors Vinnie Lauria (Golden Gate Ventures), Yinglan Tan (Sequoia Capital), Peng T. Ong (Monk’s Hill Ventures), and Garyn Ang (Temasek). Active regional offices and Endeavor Board members, including Mark Chang (Endeavor Malaysia) of Jobstreet and Gabby Lopez III (Endeavor Philippines) of ABS-CBN, also participated.

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The investor roundtable in Singapore

The event was a tremendous success and left participants interested in deepening relationships with Endeavor Entrepreneurs and Endeavor affiliate offices operating in the region.

View the event booklet here for a full agenda and list of participants. To learn more about upcoming Investor Network events, click here.

Argentina’s Jampp, A Mobile App Marketing Platform, Raises Funding with Participation from Endeavor Catalyst

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Argentina’s Jampp, a platform that helps mobile app advertisers acquire and engage users, has raised $7 million in a Series A round led by Highland Europe. The round of funding also included participation from Innova, NXTP Labs and Endeavor Catalyst. Founded in 2013 by entrepreneurs Martin Añazco and Diego MellerJampp helps mobile app advertisers to acquire and re-engage their users, enabling brands to optimize in-app activity and conversions.

Jampp’s financing announcement comes during a period of rapid growth for the company. Started in Buenos Aires and London, Jampp bootstrapped its way to become one of the leading app marketing platforms and a strategic partner to more than 50 large global mobile advertisers. In 2014 alone, the company multiplied its revenues, grew the team from 8 to 40 people and opened offices in San Francisco, São Paulo and Cape Town.

“Jampp provides a unique combination of scale and ROI, as our platform learns which signals produce high converting users for each app, dynamically bids on inventory, and automatically allocates budget.” said Diego. “This means we don’t just deliver app installs to our clients, but actual in-app purchases, food delivery orders, taxi bookings, new listings or whatever our advertisers are looking to optimize. App Marketing is no longer about getting installs (over 80% of users stop using the app after 6 months) but about driving engagement and conversions.”

Jampp is able to achieve this by buying mobile media inventory via its Conversion Driven Real Time Bidding engine, which dynamically bids on inventory across 18 RTB exchanges and over 150 mobile ad networks. The company also offers advertisers the capability to do re-targeting, bringing users back to the apps and driving continuous engagement. This way, Jampp completes the full cycle of app marketing, by first bringing users to the app and then re-engaging them. The company, which has been profitable since 2013, will use the investment funds to expand operations in key markets and continue to invest in R&D. After their selection by Endeavor in 2014, Jampp’s team  has received tailored mentoring and strategic advisory services through Endeavor’s global network of business leaders.

“This news demonstrates the high-impact potential of entrepreneurs in emerging markets who continue to attract global interest and inspire future generations of founders and leaders,” said Endeavor co-founder and CEO Linda Rottenberg.

About Endeavor Catalyst

Endeavor-Catalyst-LogoEndeavor Catalyst is a passive co-investment vehicle that allows Endeavor Global to invest in Endeavor Entrepreneurs in a neutral, unbiased way. The main goal of this program is to use the returns of the investment to support Endeavor’s operations. The fund also contributes to Endeavor’s mission as it promotes professional third-party angel and venture capital investors to take a stronger interest in emerging market investment opportunities.

Learn more about Endeavor Catalyst by clicking here.

Endeavor Insight Releases “The Criticial 9 Percent” Report on Jordan’s Growing Scaleup Ecosystem

endeavor_insightEndeavor Insight‘s “The Critical 9 Percent” reportreleased with support from Omidyar Network, highlights the contributions of scaleup companies towards job creation and economic growth in the country of Jordan. This is part of a series of reports from Endeavor Insight that focus on scaleup ecosystems worldwide and their significance in transforming emerging market economies. Earlier reports in the series studied the economies in ColombiaIndonesiaMexico and  Peru.

Scaleup companies, defined as companies more than three years old with a minimum of 20% average annual employment growth, are becoming a critical component of economic and social development in Jordan. Utilizing World Bank data, the report found that these businesses represent just 9% of the country’s total number of firms but created 53% of net new jobs in the past three years. For a nation like Jordan in particular, where the workforce is projected to grow by more than 330,000 people by 2020, the demand for new jobs has never been higher. A reported 200,000 people in Jordan are currently unemployed, a rate that is especially high among 15 to 24 year olds.

With the demand for new jobs continuing to climb, scaleup companies are critical to creating an environment for continued growth, addressing the challenge of unemployment by driving innovation, strengthening value chains and paving the way for long-term expansion. As the largest job creators in the country, scaleups need access to the sort of services Endeavor works to provide, promoting the right mix of talent, funding and networks to accelerate high-impact entrepreneurship that can transform the Middle East.

Endeavor launched its Endeavor Jordan affiliate in 2009. To read the full report and learn more about the research, click here.

Greece’s Hellas Direct Raises New Round of Financing with Participation from Endeavor Catalyst

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The Greece-based Hellas Direct, a direct-to-consumer online insurance company, has announced the completion of an institutional investment round led by Third Point LLC’s affiliate, the Third Point Hellenic Recovery Fund (TPHR). TPHR joins a roster of  top investors including private equity veteran Jon Moulton and former Goldman Sachs economist Jim O’Neill. Endeavor Catalyst – Endeavor’s innovative co-investment vehicle – has also participated in the round, marking its first investment in Europe.

Hellas Direct was founded by Endeavor Entrepreneurs Emilios Markou and Alexis Pantazis, two former Goldman Sachs executives who saw an opportunity to disrupt an inefficient Greek insurance market as the country was entering recession. Hellas Direct is a long-term strategic partner of Munich Re and follows a tech-empowered, direct-to-consumer business approach similar to that adopted by insurance brands like Geico and Direct Line. This enables the company to offer better quality service at cheaper prices. Hellas Direct has experienced exponential growth during its first two years of operation, even as Greece saw a 25% reduction in GDP and a 40% drop in insurance premia. In the US$2.6 billion Greek car insurance market, Hellas Direct offers safe drivers policies at a 15-35% discount to comparable coverage options by cutting out commissions and adopting the latest web technology.

“We are delighted to have secured Third Point as a strategic investor in Hellas Direct,” said Emilios Markou. “Their global expertise in financial services and hands-on exposure in regional banking makes them an ideal partner in what we expect to be a fast consolidating insurance sector.”

“We are excited to be teaming up with two world-class institutional investors in our efforts to bring transparency and innovation to the insurance industry,” added Alexis Pantazis. “We see this as a unique opportunity to fortify our company’s balance sheet ahead of Solvency II, accelerate our organic growth, and selectively look at acquisitions across both Greece and Cyprus.”

Since joining the network in 2012, Endeavor has connected the founding pair with an advisory board of mentors and industry experts who have helped them refine their business strategy. In addition, Endeavor has introduced them to top investors and venture capitalists, enabling the team grow the company and ultimately give back to Endeavor Greece.

“We’re thrilled to welcome Hellas Direct as the first Greek investment in our Catalyst portfolio,” said Endeavor co-founder and CEO Linda Rottenberg. “These entrepreneurs are a testament to Endeavor’s willingness to support and build high-impact entrepreneurship in Greece during trying times.”

About Endeavor Catalyst

Endeavor-Catalyst-LogoEndeavor Catalyst is a passive co-investment vehicle that allows Endeavor Global to invest in Endeavor Entrepreneurs in a neutral, unbiased way. The main goal of this program is to use the returns of the investment to support Endeavor’s operations. The fund also contributes to Endeavor’s mission as it promotes professional third-party angel and venture capital investors to take a stronger interest in emerging market investment opportunities.

Learn more about Endeavor Catalyst by clicking here.

Endeavor Catalyst Managing Director Allen Taylor to Speak at 2015 Global Innovation Summit

GIS+W_Logo_REV (3)The Global Innovation Summit (www.innosummit.com) on February 17-19, 2015 is a conference in Silicon Valley on how to foster the growth of innovation ecosystems to drive entrepreneurship, technology, and economic impact. The event seeks to catalyze systemic, sustainable innovation across organizations, communities, and countries. Last year’s Summit brought together over 450 innovators from 50 countries, representing governments, corporations, venture capital, NGOs, startups, and academia.  The Global Innovation Summit is the centerpiece of Global Innovation Week, which features multiple events and activities throughout the region. The weeklong affair was organized by T2 Venture Creation, a Silicon Valley venture firm and ecosystem design studio.

Endeavor VP of Global Network and Endeavor Catalyst Managing Director Allen Taylor will be moderating a panel on investments in emerging ecosystems. Read a description of the panel below.

Catching Waves: Investing in Emerging Ecosystems

How can startup investing succeed in emerging ecosystems? Venture capital is already difficult in established places like Silicon Valley, but it becomes even more difficult when the ecosystem is still maturing.  Here, we’ll explore how early-stage investments are made around the world. Whether it’s microlending in Africa, venture capital in Asia and Latin America, or angel investors in urban America, investors must understand the dynamics of their ecosystems in order to succeed.  What are the common patterns to the common challenges? We’ll hear from some of the most innovative early-stage investment organizations in the world, learn what they look for, see what they see, and get a peek into ecosystems that are on the rise.

- Moderator: Allen Taylor (VP, Global Network, Endeavor Global)

- Paul Breloff (Managing Director, Accion Venture Lab)

- Jessica Loman (Director of Operations and Impact, Toniic)

- Walid Bakr (Director, The Abraaj Group)

Learn more about the Summit, including registration information, by clicking here.

February 2015 Newsletter

SingaporeNewsTo view Endeavor’s February newsletter, a recap of all the top news stories from the previous month, please CLICK HERE.

Reminder: To receive our monthly newsletters by email, please enter your email address in the sign-up box at the bottom of our homepage.

Save the Date and Register for 2015 Endeavor Entrepreneur Retreat, May 6–8, 2015

2015 Retreat

Register today for the 2015 Endeavor Entrepreneur Retreat! From Wednesday, May 6 – Friday, May 8, 2015, the Endeavor network will convene in Westchester County, New York – home to Fortune 500 companies including PepsiCo and IBM- for an invitation-only conference.

The 2015 Retreat will be similar in format to Endeavor’s 2011 & 2013 Summits, but will have a greater emphasis on peer-to-peer learning. Attendees can expect top-tier keynote speakers, site visits to local companies, industry breakouts, and intensive workshops around everything from human capital to operations.

In addition to the Retreat, Investor Network event in NYC on Tuesday, May 5. Endeavor will also host a series of first-come, first-serve company tours on the morning of the 6th prior to the Summit to Google, IBM and other corporates in the New York Metro area. To sign up and learn more, click on the Retreat registration site.

Endeavor will provide transportation to Westchester from Manhattan on Wednesday morning for those attendees who sign up in advance. Transportation back to Manhattan will be provided- again on a sign-up basis- on Friday afternoon, when formal Retreat activities will end.

Register before March 1st to take advantage of Early Bird rates! Please note that this year’s registration price includes 2 nights accommodation in a double room at the Doral Arrowwood conference center and all meals during the conference.

 

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