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Endeavor Investor Network Convenes Over 120 Entrepreneurs and Investors in NYC

On May 5th, the Endeavor Investor Network convened growth market leaders in New York City for a day of networking and learning. The invitation-only event gathered over 120 participants including Endeavor Entrepreneurs and leading investors […]

May 13th, 2015 — by admin

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Endeavor Insight Releases Southeast Michigan Scaleup Assessment

With the launch of its affiliate in Detroit, Endeavor has doubled down on scaleup entrepreneurs throughout the U.S. As part of this commitment, Endeavor Insight is launching the second in a two-part series of reports […]

May 19th, 2015 — by admin

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May 2015 Newsletter

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

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Endeavor Insight Releases Southeast Michigan Scaleup Assessment

endeavor_insightWith the launch of its affiliate in Detroit, Endeavor has doubled down on scaleup entrepreneurs throughout the U.S. As part of this commitment, Endeavor Insight is launching the second in a two-part series of reports focused on the region’s scaleup entrepreneurship ecosystem.
The first report, released in February, identified a region-wide scaleup gap. Between 2007 and 2012, the number of Southeast Michigan scaleups, those firms growing at 20% or more per year, has decline by more than 50%. The correlation between this growing gap and the region’s elevated unemployment rate is more than a coincidence. Instead, these companies are important engines of Southeast Michigan’s economic growth, creating 94 jobs on average between 2009 and 2012. In comparison, startups created just two jobs per company, on average, in that time period.
As part of the second report, Endeavor Insight has explored some of the drivers and barriers to the success of Southeast Michigan’s scaleup firms. To better understand the opportunities for a scaleup-led renaissance, we spoke with over 50 Southeast Michigan scaleup entrepreneurs. What they told us about the strengths and weaknesses of the region was quite surprising.
Four out of five of the Southeast Michigan entrepreneurs we spoke with noted that the region has excellent quality of life and a wealth of potential customers. Over two-thirds have been able to grow their businesses because of great access to talent, both technical (from the region’s world-class universities) and managerial (from its Fortune 500 companies).
On the flip side, several challenges constrain these regional scaleup firms. Over half of Southeast Michigan entrepreneurs lack adequate access to finance. A majority of these entrepreneurs are also missing great mentors who can help take their businesses to the next level. Most of these companies, despite being successful, haven’t generated many employee spinouts–companies started by former employees of a scaleup entrepreneur.
As part of its launch, Endeavor Detroit is working to fill many of these gaps, and is encouraging local leaders to focus on the potential that scaleup companies have for generating lasting growth throughout Southeast Michigan. Read and download the report by clicking here.



Endeavor Investor Network Convenes Over 120 Entrepreneurs and Investors in NYC

Investor network LogoOn May 5th, the Endeavor Investor Network convened growth market leaders in New York City for a day of networking and learning. The invitation-only event gathered over 120 participants including Endeavor Entrepreneurs and leading investors from 22 markets.

The theme of this gathering was “Growth Market Unicorns, Narwhals and other rare Entrepreneurial Creatures: A guide to building million (and billion) dollar companies in markets you might not expect.” The aim of the event was to demonstrate that amazing companies can come from anywhere by showcasing entrepreneurial success stories from emerging markets.

The day started off with an entrepreneur-only session led by seasoned venture investor Scott Booth (Eastern Advisors), who discussed the “10 Things all Entrepreneurs Should Know About the Fundraising Process.”


Endeavor Entrepreneur Martin Migoya leading a session

This was followed by a series of TED-style talks by all-star founders Mark Chang (Jobstreet, Founder & CEO), Martin Migoya (Globant, Co-founder), and Arda Kutsal (Webrazzi, Founder & CEO). All three speakers shared their inspiring stories of building million (and billion) dollar companies in Southeast Asia, Latin America and Turkey, respectively.

“This is our largest Endeavor Investor Network gathering ever,” noted Beth Robertson, the manager of the Investor Network program based in Endeavor’s San Francisco office. “The demand from top-tier venture capital and growth equity firms shows a real interest in these markets from some of the world’s best investors.”

Following lunch at the Bryant Park Grill, over 500 formal speed-networking connections were made during two hours of one-on-one conversations between Endeavor companies and investors. Participating investors included General Atlantic, GE Ventures, Riverwood Capital, The Abraaj Group, Warburg Pincus, Stripes Group, IFC and Bessemer Venture Partners, among others.

During the closing cocktail, attendees heard from three entrepreneurs who are poised to become industry leaders and role models, including Sina Afra (Markafoni, Co-founder), Niki Luhur (Kartuku, Founder & CEO), and Paulo Antunes Veras (99 Taxis, Founder & CEO).

The event was a great success and left participants feeling inspired and optimistic about the tremendous opportunity present in emerging markets.

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


Investor Network participants

2015 Endeavor Entrepreneur Retreat Brings Together Nearly 300 Members of the Network


The invitation-only 2015 Endeavor Entrepreneur Retreat took place from Wednesday, May 6th – Friday, May 8th in Westchester County, New York. The Retreat offered an emphasis on peer-to-peer learning as well as a mixture of keynote speakers, site visits to Fortune 500 companies, industry breakouts, and intensive workshops focused on business development topics geared towards Endeavor Entrepreneurs. Nearly 300 members of the network convened for the event to celebrate the power of high-impact entrepreneurship.

Pre-Retreat Visits

On May 5th and 6th, a series of pre-Retreat visits allowed select groups of entrepreneurs to visit and learn from executives at major corporations, including IBM’s World of Watson, Barclays, Google, PepsiCo and EY. The topics of focus ranged from talent management to product design to transaction readiness, giving participating entrepreneurs an in-depth look at strategies for corporate innovation and growth.


The mainstage during Daniel Lubetzky’s fireside chat


The Retreat featured a number of world-renowned executives, entrepreneurs and thought leaders who took the main stage in keynotes, panel discussions and fireside chats.

On day one, American Express CEO Kenneth I. Chenault was interviewed by Endeavor co-founder Linda Rottenberg about leadership and the future of the payments industry, discussing how his career path took him from the consulting world to the top of the Fortune 500. In the chat, Chenault addressed how he proved himself to be a “skunk”, or intrapreneur, at American Express by turning the century-old institution into a modern, democratic and digitally-competitive brand. Best-selling author and entrepreneur Seth Godin then took the stage to address rule-breaking in the marketing world and explore strategies for approaching advertising that could authentically engage consumers. Drawing from theories put forth in his 18 best-selling books, Godin prodded entrepreneurs in the audience to think outside of the box when approaching client and consumer engagement.

Day two brought Unilever VP of Global Media Innovation & Ventures Babs Rangaiah to discuss how he manages marketing and media activities for the company’s portfolio of CPG products sold across 190 countries. Addressing the concept of a #BrighterFuture for marketing, he discussed case studies of Unilever campaigns and how his team works to disrupt the advertising space. In a subsequent fireside chat, General Assembly co-founder Brad Hargreaves sat down with Open English’s John McIntire to discuss the future of the workforce, particularly in emerging markets where access to skills training and education are limited. The pair explored the possibilities for alternative education platforms to empower people all around the world with actionable skill sets.


Vinny, Martin and Leila during their entrepreneur panel

An afternoon panel brought together top Endeavor Entrepreneurs to share their high-impact stories and discuss the importance of multiplying their impact. South Africa’s Vinny Lingham (Gyft), Argentina’s Martin Migoya (Globant) and Brazil’s Leila Velez (Beleza Natural) were interviewed by Endeavor President Fernando Fabre about their experience as entrepreneurs, the impact of joining the Endeavor network, and what it means for them to give back to their communities. The next panel brought representatives from key corporate partners including AXA, SAP, Facebook and P&G in a discussion about global corporate development and growth, which was moderated by Endeavor Entrepreneur Mariano Suárez Battán (Mural.ly).

The final day started off with a fireside with Gilt Groupe’s Kevin Ryan and Endeavor Global Board Member Nick Beim. The chat revolved around investments and how the pair discerns the potential in entrepreneurs that they place their bets on. They also addressed failure and what happens when investments go south. Following them was New York Times reporter and Pulitzer Prize winner Charles Duhigg, who drew on themes from his best-selling book The Power of Habit to explain how business leaders can shake up their routines and instill innovation in both work and life. He also delved into case studies of big brands and how they target and leverage consumer habits. The final keynote of the day brought Endeavor Global Board Chairman Edgar Bronfman Jr. and KIND Snacks founder Daniel Lubetzky to the stage to talk candidly about why social impact and community give-back is important. Lubetzky provided anecdotes from his personal family history and heritage to explain why he was inspired to build a socially-conscious brand to inspire future generations.

Breakout Sessions, Workshops and Roundtables

By attending smaller workshops and “hot topics” sessions, attendees benefited from personalized coaching and advice – in a sense, small “team meetings” – with some of the best entrepreneurial minds in the Endeavor network.

The Retreat kicked off with a number of industry breakouts that served as “ice breaker” networking sessions, which divided participating entrepreneurs by their company’s industries in a meet-and-greet format. The entrepreneur-led roundtables on the second day were helmed by a number of Endeavor Entrepreneurs from around the world, who moderated group discussions touching on topics that included social media, talent management, employee culture, leadership and more. The final day’s workshops were lead by Endeavor mentors who provided a high-level perspectives and furthered conversations about talent, branding, innovation and much more.


Endeavor Entrepreneur Sally Buberman leading a roundtable

Endeavor Awards

The Retreat closed with an awards ceremony – with awards sponsored by EY, Barclays and Omidyar Network – that honored the most high-impact entrepreneurs and companies in the network. Read more about the Awards by clicking here.

Social Media Highlights

The offline conversations also went online with the hashtags #EndeavorRetreat and #EE2EE, as entrepreneurs shared their thoughts and connections via social media. Over 700 tweets engaging users from nearly 10 countries used the hashtags over the three-day event. Take a look at some of the highlights below.

Endeavor Expands to Third U.S. City with Launch in Louisville, KY


Endeavor Louisville Logo no tag (color) web large

Louisville, KY – May 12, 2015 – Endeavor is expanding its U.S. presence with the launch of an office in Louisville, KY that will support high-impact entrepreneurs in the greater Louisville and Southern Indiana region. With the support of key business leaders and entrepreneurs, Endeavor Louisville will help multiply the impact of the region’s most promising companies. As Endeavor’s third expansion in the U.S. following offices in Miami and Detroit, the office will leverage the region’s entrepreneurial spirit to drive job creation, wealth creation, sustained economic growth, and a culture of giving back.

Endeavor is an 18-year-old, nonprofit organization that is leading the global movement to catalyze long-term economic growth by selecting, mentoring, and accelerating the best high-impact entrepreneurs around the world. In 2015, Endeavor was awarded the Henry R. Kravis Prize in Nonprofit Leadership for helping support entrepreneurs whose companies have generated nearly 400,000 jobs in economies around the world. Founded in 1997 by Linda Rottenberg and Peter Kellner, Endeavor has helped over a thousand of these entrepreneurs build more than 600 companies across 23 markets, which have generated combined revenues of nearly $7 billion in 2013.

Endeavor Co-Founder Peter Kellner will serve on the Endeavor Louisville board, which will be chaired by Humana Co-Founder David A. Jones, Sr.

The remaining board members are:
– Ryan Bridgeman, President of RJE LLC
– Henry “Hank” Dudgeon, III, Co-Founder of Rubicon Global
– Sandra Frazier, CEO & Managing Member of Tandem Public Relations
– Dan Jones, Founder and CEO of 21st Century Parks
– Kent Lanum, President and CEO of Paul Ogle Foundation
– John Schnatter, Founder and CEO of Papa John’s International
– Kent Taylor, Founder and CEO of Texas Roadhouse

Endeavor Louisville has received and gratefully acknowledges significant funding from the Paul Ogle Foundation, the James Graham Brown Foundation, the Blue Sky Network, and The Gheens Foundation. Endeavor Louisville will work to identify high-impact entrepreneurs in the region and provide them access to a global network of markets, industry leaders, investors, and talent, helping to expand their ventures into enterprises that can propel the local economy.

Mr. Jackson Andrews, formerly a partner and managing director at Spouting Rock Financial Partners, has been named Managing Director of Endeavor Louisville to oversee its successful launch and to identify promising entrepreneur candidates.

For entrepreneurs interested in learning more about Endeavor in Louisville, please contact louisville@endeavor.org. For more information visit EndeavorLouisville.org and Endeavor.org.


Jackson Andrews
Managing Director, Endeavor Louisville

Joanna Harries
Vice President, U.S. and Canada

2015 Endeavor Entrepreneur Awards


During the 2015 Endeavor Entrepreneur Retreat, a closing ceremony honored entrepreneurs in the network that have made a substantial impact on Endeavor and in their own communities. The following are a list of awards and honorees.

– The Ecosystem Impact Award was given to Turkey’s Nevzat Aydın and Melih Ödemiş (Yemeksepeti) for having the greatest impact on their local entrepreneurship ecosystem by building a scalable and sustainable enterprise. Their food delivery platform was acquired for a record $589 million this year.

– The Reinvestment Award was given to Lebanon’s Herve Cuviliez (Diwanee/Leap Ventures) for making the largest reinvestment in the local community through his media company and MENA-focused venture fund.

– The Barclays Direct Social Impact Award went to Jordan’s Amin Amin (ASK for Human Capacity Building) for having a direct influence in improving the lives of people in the MENA region through his education platform.

– The EY Scaleup Award was given to Brazil’s Mario Chady and Eduardo Ourivio (Grupo Trigo) for employing the most people and earning the most revenue in 2014 through their chain of fast food restaurants.

– The Omidyar Network-Endeavor High-Impact Company of 2015  Award was given to Argentina’s Martin Migoya, Guibert Englebienne, Néstor Nocetti and Martin Umaran (Globant) for having the greatest impact across job growth, revenue growth, ecosystem growth and entrepreneur give-back. Their technology company went public on the NYSE in 2014.


Globant accepting their Award with Endeavor Argentina network members

Endeavor Announces Partnership with AXA to Provide Support and Mentorship for Entrepreneurs

axa-group_416x416AXA and Endeavor are announcing a strategic partnership to support Endeavor’s network of over a thousand entrepreneurs in growth markets around the world. This partnership will help Endeavor as it continues to select and mentor high-impact entrepreneurs and foster long-term, sustainable growth in emerging and growing economies worldwide.

This strategic partnership covers a broad field of activities:
– AXA will directly sponsor selected networking events hosted by Endeavor,
– AXA will be introduced to scale-up businesses by Endeavor,
– Through the AXA Hearts in Action program, the Group’s executives will volunteer to mentor entrepreneurs from emerging economies.

“I am very pleased to have Endeavor as an exclusive partner to AXA especially since I think our respective missions are highly complementary. AXA exists to protect people against risks and has a responsibility to help build a safer and stronger global society. Endeavor’s mission is to lead high-impact entrepreneurship in emerging and growth economies which protects people from unemployment and directly helps build economies. This partnership will enable both organizations to help each other to achieve these objectives,” said Frédéric Tardy, Chief Marketing and Distribution Officer of the AXA Group.

“I feel this is the start of something special. AXA’s multi-year commitment across different departments to Endeavor will help us achieve our goals together more efficiently. I am very much looking forward to welcoming AXA to the Endeavor network and to bringing the benefits of this partnership with a large global financial services company like AXA to our network members,” added Fernando Fabre, President of Endeavor.

Endeavor has a long history of successfully bringing scale-up entrepreneurs from emerging and growth economies together with interested investors. Through its wide global network, Endeavor companies have raised over $532m of equity capital and have contributed to the creation of over 400,000 high-quality jobs in emerging economies.


AXA CMO Frédéric Tardy and Endeavor President Fernando Fabre

Turkey’s Yemeksepeti Acquired By Delivery Hero for $589 Million; Marks Largest Deal in the Food-Ordering Sector

yemeksepeti_logoTurkey’s Yemeksepeti, a leading Turkish food ordering website founded by Endeavor Entrepreneurs Nevzat Aydın, Melih Ödemiş and Cem Nufusi, has announced that it has been acquired by Delivery Hero in a $589 million deal. This landmark deal marks the largest-ever acquisition in the food-ordering sector and the largest Internet-related deal in Turkey.

This is the first entry into Turkey for Delivery Hero, a billion-dollar takeout food service based in Berlin that continues to scale up its business worldwide. It previously acquired Endeavor Entrepreneur company PedidosYa, a Uruguay-based ordering platform serving Latin America and founded by Endeavor Entrepreneurs Ariel Burschtin, Álvaro García, and Ruben Sosenke. The cash and shares deal made with Yemeksepeti will also see investor General Atlantic becoming a shareholder in Delivery Hero. 

Delivery Hero made headlines earlier this year when Rocket Internet — another Berlin-based e-commerce company — invested $586 million in the company, which then let it to pick up nine smaller food-ordering startups to consolidate its position as an industry leader. Delivery Hero itself has raised $1.3 billion to date.

Selected by Endeavor in 2007, Yemeksepeti’s founders have received strategic guidance from Endeavor mentors as well as introductions to key investors, having attended and participated in a number of Endeavor events around the world. Endeavor Catalyst participated in Yemeksepeti’s 2012 $44 million funding round led by General Atlantic. As of 2015, Nevzat has also joined the board of Endeavor Turkey, becoming the third entrepreneur to do so locally.

As part of the deal, Yemeksepeti’s management team will stay in place.

“We are very proud to have built a company that has changed the way people think and order food in Turkey,” Nevzat said in a statement. “During our 15-year history we have had many approaches from global and local investors however we were waiting for the right time and the right partner. Today, I am delighted to team up with a company whose global ambitions, corporate culture and way of doing business are so aligned with ours. “

Read more about the news in top media outlets including The Wall Street Journal, TechCrunch, and Turkey’s Hürriyet Daily News.

Greece’s HotelBrain Receives €3 Million Investment to Support Development and Growth Plans

hotelbrainHotelBrain, the Greek hotel management company founded by Endeavor Entrepreneur Panos Paleologos, recently reached an agreement with the investment fund SouthBridge Europe. The Luxembourg-based fund will invest €3 million to support the development of HotelBrain’s expansion and sustainability plans.

Founded in 2009 on the island of Santorini, HotelBrain currently manages over 110 hotels at top tourist destinations across Greece, Lebanon, Cyprus and Turkey. Named the “Leading Hotel Management Company” at the World Travel Awards last year, the company is close to reaching an agreement about managing two more hotels in Serbia. With the backing of a major institutional investor, the management of HotelBrain plans to proceed with the implementation of new development projects to strengthen its presence in international markets.

SouthBridge Europe is an independent investment management firm supporting dynamic companies and offering them growth capital. Founded in 2014, it is backed by prime private and institutional investors such as the European Investment Fund (EIF) and has €40m in committed capital to make long-term investments. This deal represents SouthBridge Europe’s first investment in Greece.

George Mavridis, SouthBridge Europe’s financial advisor announced, “The deal is a testament of the international investment community’s confidence in the company’s potential, and we hope in the process to move to other investments in Greece via HotelBrain.”

Panos added, “HotelBrain’s agreement with an institutional investor of international validity, confirms our belief that tourism is one of the most developed fields of Greek entrepreneurship and can provide know-how which can be exported.”

Selected into the Endeavor network in 2013, HotelBrain aims to contribute to the improvement of the local tourism industry, setting hotel operating and quality standards for the whole region. Though it started by managing its own leased properties, HotelBrain now offers industry expertise and professional management services to luxury boutique hotels, allowing owners to retain full control of their assets while improving guest experience and boosting revenue by 20% on average. Beyond providing consulting services, the company has built an ecosystem of entrepreneurship, creating a community of hospitality insiders and training the next generation of hotel management talent.

Read more about the news by clicking here.


Panos Paleologos speaking to reporters in Athens

eMerge Americas Event in Miami Spotlights Stories of Endeavor Entrepreneurs

emerge-550x400During the first week of May, eMerge Americas brought a number of global thought leaders to Miami, FL to discuss how technology and innovation are disrupting industries. The conference serves as a platform to connect entrepreneurs, cutting-edge ideas, and industry leaders and investors across North America, Europe, and Latin America. This year’s event featured a number of entrepreneurs in the network as well as a panel hosted by Endeavor Miami

The five day event consisted of a number of networking and tech-focused competitions, workshops and keynotes, including a hackathon, startup showcase, women-focused summit, and more.

Highlights from the Endeavor network during the week include:

– Endeavor Miami Managing Director Laura Maydon joining a panel about game changing women and exploring the ways in which female entrepreneurs and leaders are transforming the landscape of technology.

– Endeavor Entrepreneur Michael McCord, founder of education platform LearnerNation, discussing strategies for motivating the millennial workforce with a particular focus on on-boarding and training young employees.

– An Endeavor panel featuring Endeavor Entrepreneurs Anabel Perez (Miami’s Novopayment), Sebastián Valin Acuña (Chile’s ComparaOnline) and Emiliano Kargieman (Argentina’s Satellogic) moderated by Endeavor Miami Board Co-Chair Adriana Cisneros, which highlighted high-impact entrepreneurship and the power of the Endeavor network.

– An interview with Endeavor Entrepreneur and Globant CEO Martin Migoya, who addressed taking his company public, strategies for scaling up, and the impact of Endeavor globally.


Entrepreneurs during the Endeavor panel at eMerge

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