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Endeavor Hosts Retail, Food & Beverage Tour for Endeavor Entrepreneurs, Features Presentations from Top Industry Brands

retailfnbEndeavor hosted a Retail, Food & Beverage Industry Tour for select entrepreneurs in its network, providing them with a rare look into the operations of  some top global brands in each industry. The two-day tour included a mix of presentations, networking events and site visits, where executives and experts from a variety of fields provided insights into their businesses.

The tour kicked off at the Endeavor Global offices in New York City with presentations from executives from Goode Partners, Red Antler, Silas Capital, General Atlantic, and Barclays. The morning sessions focused on topics ranging from financing growth to branding to startup strategies. Next, the tour was divided into two segments, one aimed at Retail and the other at Food & Beverage. The Retail track brought entrepreneurs on a tour with Design Within Reach, a luxury home goods and furniture brand, which highlighted the company’s digital transformation. They then moved on to a site visit to e-commerce giant Gilt, which discussed recruitment, customer service and more with the participants. The Food & Beverage track featured presentations from OLO, a digital food ordering provider, and a site visit to Craft Restaurants Group. The visit to Craft allowed participants to learn about expansion strategies and tour the company’s facilities.

The final day of the tour brought all of the participants on a walk through of the rapidly growing retail chain Eataly, which focuses on food and cooking goods. Participants then split into Retail and Food & Beverage tracks again, with the Retail segment meeting with Cipriani Accessories and moving on to visit the offices of international luxury brand Tory Burch, who spoke to the group in-person on growing a billion-dollar business. The Food & Beverage segment met with representatives from NYC-based fast-casual restaurant chain Dig Inn and discussed customer loyalty strategies with FanXchange, an online re-seller of event tickets.

See social media highlights from the tour below.

Our Current Impact Report

Screen Shot 2014-11-12 at 2.56.28 PMThe 2013-2014 Endeavor Global Impact Report is now available. This year’s report features updated profiles on the global offices, vibrant new visuals of Endeavor’s impact, and highlights of key milestones from the past year.

View the digital report by clicking HERE and learn more about the ways in which high-impact entrepreneurship is transforming growth markets, supporting local economies and innovating for future generations.

A special thanks to Open for their great design work on this year’s report.

 

 

 

Endeavor Insight and the Partnership for New York City Release “The Power of Entrepreneur Networks” Study of Nearly 700 Industry Trailblazers

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Endeavor, with support from The Partnership for New York City and Barclays, released a report titled, “The Power of Entrepreneur Networks: How New York City Became the Role Model for Other Urban Tech Hubs” which identifies how founders who reinvest their success into others have greatly accelerated New York City’s tech growth.

“Endeavor has produced the first comprehensive analysis of the entrepreneurial ecosystem that has built Silicon Alley into a global center of innovation,” stated Kathryn Wylde, President & CEO of the Partnership for New York City.

“As companies become more successful, their founders are more likely to mentor, angel invest and become serial entrepreneurs. Companies that are connected to a top-performing company are twice as likely to become top-performers themselves,” said Fernando Fabre, President of Endeavor. “It’s a worldwide pattern that is an important building block for entrepreneurship.”

Over the past year, Endeavor conducted nearly 700 interviews with NYC tech entrepreneurs, combing through combined data from AngelList, Crunchbase and LinkedIn, with the aim of identifying lessons that leaders in other cities could use to support the growth of their own tech sectors. The study indicates that within the City’s tech sector, between 2003 and 2013: more than 2,200 companies were founded; there were 336 IPOs and acquisitions; $14.2 billion in investments and $18.1 billion in startup exits.

Key takeaways:

– New York City is the best role model for other urban tech hubs. It is the second largest tech hub in the world by most measures and the fastest growing over the last decade.
– Data from over 2,500 companies show that top-performing tech entrepreneurs are more likely than their peers to start new companies, encourage their employees to do the same, mentor, angel invest and inspire other entrepreneurs.
– Data from New York City’s tech sector debunks several common startup myths. For instance, the average NYC tech founder is thirty one years old and is more likely to have studied a non-technical subject in college than a technical one.

Highlights:

– Between 2003 and 2013, the New York City tech sector has grown twice as fast in terms of dollars invested as Silicon Valley’s, with its companies raising more than $3.1 billion in funding in 2013.
– Between 2010 and 2013, the number of New York City tech employees grew by more than 26% annually. Based on 2013 tax rates and a $100,000 average salary, the City could add nearly $160 million annually in new tech employee income tax receipts by 2019 and over $500 million by 2024.
– Tech companies led by local entrepreneurs directly employ 53,000 people, over 1% of New York City’s workforce.
– Venture funding for tech companies in New York City increased by 240% from 2003 to 2013, and more than 85% of the sector’s current companies and 86% of its current jobs were created during this time.

The report has also received media coverage in outlets including The Atlantic CityLab, AM New York, NY Business Journal, Huffington Post and Crain’s. Read the full report at www.nyctechmap.com and below.

Endeavor Insight and the Partnership for New York City Release “The Power of Entrepreneur Networks” Study of Nearly 700 Industry Trailblazers

endeavor_insight

Endeavor, with support from The Partnership for New York City and Barclays, released a report titled, “The Power of Entrepreneur Networks: How New York City Became the Role Model for Other Urban Tech Hubs” which identifies how founders who reinvest their success into others have greatly accelerated New York City’s tech growth.

“Endeavor has produced the first comprehensive analysis of the entrepreneurial ecosystem that has built Silicon Alley into a global center of innovation,” stated Kathryn Wylde, President & CEO of the Partnership for New York City.

“As companies become more successful, their founders are more likely to mentor, angel invest and become serial entrepreneurs. Companies that are connected to a top-performing company are twice as likely to become top-performers themselves,” said Fernando Fabre, President of Endeavor. “It’s a worldwide pattern that is an important building block for entrepreneurship.”

Over the past year, Endeavor conducted nearly 700 interviews with NYC tech entrepreneurs, combing through combined data from AngelList, Crunchbase and LinkedIn, with the aim of identifying lessons that leaders in other cities could use to support the growth of their own tech sectors. The study indicates that within the City’s tech sector, between 2003 and 2013: more than 2,200 companies were founded; there were 336 IPOs and acquisitions; $14.2 billion in investments and $18.1 billion in startup exits.

Key takeaways:

– New York City is the best role model for other urban tech hubs. It is the second largest tech hub in the world by most measures and the fastest growing over the last decade.
– Data from over 2,500 companies show that top-performing tech entrepreneurs are more likely than their peers to start new companies, encourage their employees to do the same, mentor, angel invest and inspire other entrepreneurs.
– Data from New York City’s tech sector debunks several common startup myths. For instance, the average NYC tech founder is thirty one years old and is more likely to have studied a non-technical subject in college than a technical one.

Highlights:

– Between 2003 and 2013, the New York City tech sector has grown twice as fast in terms of dollars invested as Silicon Valley’s, with its companies raising more than $3.1 billion in funding in 2013.
– Between 2010 and 2013, the number of New York City tech employees grew by more than 26% annually. Based on 2013 tax rates and a $100,000 average salary, the City could add nearly $160 million annually in new tech employee income tax receipts by 2019 and over $500 million by 2024.
– Tech companies led by local entrepreneurs directly employ 53,000 people, over 1% of New York City’s workforce.
– Venture funding for tech companies in New York City increased by 240% from 2003 to 2013, and more than 85% of the sector’s current companies and 86% of its current jobs were created during this time.

The report has also received media coverage in outlets including The AtlanticAM New York, NY Business Journal, The Huffington Post and Crain’s. Read the full report at www.nyctechmap.com and below.

 

2014 Endeavor Gala Honoring The Abraaj Group’s Arif M. Naqvi Brings Together 400+ Members of the Global Network

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On Friday, November 7, 2014, the Endeavor Gala brought together over 400 entrepreneurs, business leaders, Endeavor Board members and supporters in New York City to celebrate the power of Endeavor’s network. As Endeavor’s only annual fundraising event, the Gala is held in support of the organization’s mission to select, support and scale high-impact entrepreneurs in markets worldwide.

This year, the number of attendees included 18 Endeavor Entrepreneurs from seven countries and over 40 Endeavor board members from 15 countries, representing a total of 16 Endeavor affiliates. The event highlighted the power of Endeavor to transform global economies, with a particular focus on the connections made between cities, countries and regions. Endeavor now operates in 22 markets around the world with a goal of expanding to 25 countries by 2015.

The Gala honored Arif M. Naqvi  – founder and Group Chief Executive of The Abraaj Group – as the 2014 High-Impact Entrepreneur of the Year. A visionary entrepreneur, Mr. Naqvi founded The Abraaj Group in 2002. The firm has since emerged as a leading investor in growth markets with US$ 7.5 billion in assets under management. Employing over 300 people, the Group has 25 country offices spread across six regional hubs in Dubai, Istanbul, Mexico City, Mumbai, Nairobi and Singapore. Mr. Naqvi and The Abraaj Group have developed an important partnership with Endeavor over the past four years, supporting dozens of entrepreneurs and playing a critical role in Endeavor’s affiliate expansion throughout the Middle East, North Africa and Southeast Asia.

During the event, Endeavor co-founder and CEO Linda Rottenberg and Global Board Chairman Edgar Bronfman, Jr. addressed the growth of the organization over the past 17 years and the high-impact entrepreneurs that have become inspirations across the network, from Argentina to Saudi Arabia. This year’s gala video featured one such success story, following the journey of Argentine entrepreneur company Globant from the team’s selection in 2005 to their IPO on the NYSE in 2014.

“The road is long, lonely and full of potholes,” Rottenberg said in her address. “Endeavor is where dreamers and do-ers come to get unstuck.”

Mr. Naqvi then took the stage to discuss the importance of supporting leaders and visionaries in growing markets, where a young generation of entrepreneurs are shaping the  global economy.

“I’ve grown up in growth markets and I’ve had the privilege of building my business in those markets – in economies that are being heralded all around the world as the drivers of global growth,” Mr. Naqvi said in his speech. “All of these changes are driven by young, aspiring business leaders that inhabit these worlds…these people are the ones that will change the world of tomorrow.”

The program ended with a performance by Atlantic Records recording artist Max Frost. After dinner, attendees enjoyed the annual after-party with special guest DJ Hannah Bronfman.

View social media highlights from the event below, watch all of the speeches on Endeavor’s YouTube channel, and see photographs from the night on Endeavor’s Facebook.

 

A special thanks goes to Sarah Merians Photography & Video for capturing the celebrations.
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November 2014 Newsletter

B0KxMjoCIAAUomPTo view Endeavor’s November 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.

Mexico’s Ver De Verdad Launches First Mobile Eyecare Network in Mexico

Ver de Vverdeverdaderdad, founded by Endeavor Entrepreneur Hugo Moreno González, is a retailer of  affordable, high- quality and stylish eyeglasses and accessories primarily serving low-income Mexican consumers. The retailer recently announced that it is introducing its first mobile optical shop, which will serve populations in rural communities that lack traditional access to eyecare.

The company aims to bridge the gap between high-priced eyewear and the inadequate eyeglass options supplied to the nation’s poor by public health groups. By providing a full vision diagnostic service at an affordable price, Ver de Verdad allows customers free eye exams that they might not have regular access to. The customer’s unique specifications are then designed and produced by one of the company’s production centers and delivered. The company currently operates over a dozen retail stores, and the mobile unit initiative will allow them to reach areas like Sonora and Sinaloa where they do not have traditional outlets. The first mobile shop will serve an estimated 22,000 people a year.

An estimated 3 out of 10 Mexicans have the opportunity to improve their quality of life with the help of glasses, but the vast majority lack this awareness because they don’t have access to to reliable eyecare services. In the communities of Sonora and Sinaloa especially, over 2 million don’t have steady access to these essential services. The mobile units will provide the same services as their fixed locations and are also equipped with production facilities. The effort was made possible with support from the Inter-American Development Bank.

Since joining the network in 2012, Hugo and his team have received support from a local panel of mentors who provided them with a roadmap to refine and fine-tune their business model. See more about the launch by clicking here.

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Ver De Verdad’s mobile unit

Colombia’s Bodytech Named EY Entrepreneur of the Year in Colombia

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Nicolas Loaiza Galeano and Gigliola Aycardi Batista, Colombian entrepreneurs and founders of Bodytech, were recently named EY Entrepreneurs of the Year in Colombia, recognizing the company’s innovative business model and impact on the region’s economy. The chain of health and fitness centers has grown to include locations in Chile and Peru and currently employs over 3,500 people.

 

Based in Bogotá, Bodytech  recently announced plans for expansion in five Latin American countries as the business prepares to become a publicly listed company. By integrating health and fitness services, BodyTech is more than just a gym – the health club has grown to offer multiple solutions in the medical arena as well. After realizing the potential in Latin America’s health sector to create a tailored chain of clubs, the pair took a risk on the idea and turned their graduate school thesis into Bodytech.
 
Now with 58 Colombian locations spanning major metropolitan areas including Bogota, Medellin and Cartagena, Bodytech also maintains 39 locations in Chile and 10 in Peru and is looking to enter Ecuador, Costa Rica and Panama by 2015. Projecting to grow to over 200,000 members and 150 fitness centers in the next few years, the company has also set its sights on revenue goals of $150 million as it builds upon its membership.

 

EY, an Endeavor global partner, has been hosting the EoY Program for over two decades, expanding it to more than 50 countries with awards presented annually to over 900 of the world’s most successful and innovative entrepreneurs.

With access to the right resources, Nicolas and Gigliola are a testament to the high-impact potential of emerging market entrepreneurs and have been active members of the Endeavor network since their selection in 2007. The team has received expert advice and support from Endeavor’s eMBA, G-Lab and ECLA programs, with specific guidance given on the strategic planning and execution of the brand’s fitness training institutions.

Read more about Bodytech’s EY honor in El Tiempo.

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Gigliola and Nicolas at the EY EoY Awards event

Lebanon’s Hind Hobeika, Founder of Instabeat, Honored on BBC’s 100 Women 2014 List

_78541700_100_women_branding_2014Lebanon entrepreneur Hind Hobeika, founder of wearable tech company Instabeat, was named to BBC’s 100 Women list this year which recognizes women who are leading industries and igniting change around the world. Instabeat produces a unique device that allows swimmers to monitor their heart rate and other metrics through a real-time display.

Instabeat’s wearable gadget provides on-demand data for swimmers on a color coded screen on the interior of swimming goggles. The device is small, creates minimal friction with water, and provides key information without having the swimmer lose focus. Hind expects that the technology could be applicable to sports and athletes beyond the swimming world and plans to launch a triathlon version to market in the next few years. Estimated to reach $50 billion by 2018, the global wearable tech industry has gained popularity in recent years with top names like Google and Apple making forays into the field. Hind and her team are already beginning to find a niche in the market and are inspiring other entrepreneurs in the region to do the same.

After joining Endeavor at the 54th ISP in 2014, Hind has been set up with a local board of advisors and industry experts who will help her refine Instabeat’s products and business model.

View the full BBC list by clicking here.

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Hind Hobeika presenting at the INK2014 Conference

Mexico’s Jorge Soto Discusses the Future of Cancer Detection in TED Global 2014 Talk

miroculus_webMexican entrepreneur Jorge Soto, co-founder of Citivox and Miroculus, gave a talk at TED Global 2014 this month about the future of medical technology and cancer detection. Miroculus, his second venture, aims to disrupt the medical device industry with a unique testing product that can detect and monitor diseases while providing real-time analytics.

Along with a crew of technologists and scientists, Jorge – who serves as the company’s CTO – saw an opportunity to develop a simple, noninvasive, open-source test that looks for early signs of multiple forms of cancer. Onstage at TED Global 2014, he demonstrated a working prototype of the mobile platform for the first time. Drawing on personal experience with cancer in his family, and frustrated with the inefficiencies of diagnosis in the medical system, he and his team knew that they could find a reliable and accurate way to leverage blood samples and molecular analysis for detection. Demonstrating the potential for innovation in emerging markets – the founding team hails from Chile, Panama, Mexico, Israel and Greece – Mirocolus taps into a global need for accessible medical technology.

Selected in 2011 along with Citivox co-founder Oscar Salazar, the pair’s original venture used mobile and crowd-sourcing technology to build and enhance the relationship between citizens and the government. With Citivox, Endeavor helped the team connect with industry experts and key investors through the Endeavor Investor Network. Jorge, who has also given back to Endeavor through donations, continues to receive support from the organization as Miroculus works to scale its offering.

Watch Jorge’s TED Talk below.

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