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Linda Rottenberg Discusses Lessons in Entrepreneurship for Stanford’s eCorner Series

In this talk for Stanford’s Entrepreneurship Corner, Linda Rottenberg shares smart lessons for cutting an entrepreneurial path in a turbulent world. Touching on elements from her upcoming book, Crazy is a Compliment, Rottenberg unpacks insights from her personal journey and explores Endeavor’s work driving high-impact entrepreneurship in growing markets worldwide.

Watch the full video below and by clicking here.

2013 Endeavor Entrepreneur Summit Video: Roy Gilbert & Gina Bianchini

This video was filmed during Endeavor’s invitation-only 2013 Endeavor Entrepreneur Summit in San Francisco (June 2013).

Entrepreneurs rarely examine any one issue in isolation, and this fireside chat is no different: recruiting, investors, growth, product-market-fit, more growth, shifting products, inspiring the team successfully and more will be covered in this session. Join Gina Bianchini, CEO and founder of community platform Mightybell (and Ning before it) and Roy Gilbert, CEO of online social learning company Grockit and former head of Google’s Global User Operations as they dive deep into these topics.

GINA BIANCHINI is the Founder and CEO of Mightybell, the first community platform built to support networks of groups. Before Mightybell, Bianchini and Marc Andreessen co-founded Ning, the largest social platform for communities of interests and passions online. She served as CEO of Ning from its inception in 2004 to March of 2010, at which time Ning had 90 million monthly unique visitors, 46 million registered users and 300,000 monthly active communities across entertainment, politics, education and interests. Gina and Mightybell have been featured in Fast Company, Bloomberg Business Week, The New York Times and The Wall Street Journal.

ROY GILBERT is Grockit’s CEO. Prior to joining Grockit, Roy was the Director of User Operations and Policy for Google, and launched and led Google’s operations in India. Before moving to India, Roy was the business operations manager for the launch of Gmail. Roy began his career as an officer in the United States Navy, where he served onboard the attack submarine USS MIAMI (SSN-755) for several classified missions. Roy graduated with a BS in computer science from the US Naval Academy as well as an MBA from Stanford.

Global Board Member Fadi Ghandour Discusses Barriers to Scale for MENA Entrepreneurs

dubaiThis post comes from Fadi Ghandour, who is the founder of Aramex, a board member of Endeavor, and the Chairman of Wamda, an organization that works to empower entrepreneurs in the MENA region. View the original post on the Entrepreneurship Ecosystem Insights page.

“Two-thirds of the Arab World ‘s population is below the age of 29. The region is not only growing younger, but also becoming more literate. With rising levels of education, connectivity, and mobility, the biggest challenge remains: How do we create good jobs for the restless millions?

Entrepreneurs are drivers of growth, innovation, and competitiveness. A recent World Bank report on small and medium sized companies (SMEs) shows that the highest contributors to employment are firms with less than 100 employees. And, not surprisingly, it is scalable businesses that generate the biggest share of economic opportunities. A study conducted by the World Economic Forum in collaboration with Stanford University and Endeavor in 2011 reveals that the top 5% of the 380,000 companies surveyed across 10 European and Asian countries have generated 72% of total revenue and 67% of the total employment recorded by these companies.

And yet, although scalability is critical for job creation, company founders still encounter many barriers when starting and growing their businesses. For startups to thrive, the different ecosystem players must understand the nature and source of these obstacles and work hard to eliminate them. But without comprehensive, up-to-date data they will not be able to craft viable, practical solutions.

Wamda’s newest initiative, the Wamda Research Lab (WRL), is focused on publishing research and insights on regional entrepreneurial activity to inform policy makers, investors, and other stakeholders on the critical challenges and gaps in this space. In its first report, The Next Step: Breaking barriers to scale for MENA entrepreneurs, WRL identifies the hurdles company founders face in generating revenues, raising capital, attracting talent, building teams, and facilitating expansion. Our study reveals that 63% of entrepreneurs and 60% of experts consider finding talent to build teams as a major challenge. Access to new markets is yet another central issue: 47% of entrepreneurs and 50% of experts cited difficulty in finding partners to facilitate expansion as an impediment to scale. Moreover, 41% of entrepreneurs said that the biggest restraint to generating revenues is marketing products and services.

The fact remains that the region’s outdated education systems, which continue to graduate generations of unemployable youth with no competitive 21st century skills, and its fragmented markets that allow little mobility of people and companies, are stifling the growth of entrepreneurs, and innovators. Unemployment needs to be considered in every policy, national strategy, private-sector initiative, and social activity. It is time we collectively deploy our knowledge, resources, capital, and networks to enable entrepreneurship as a development tool. I encourage all stakeholders – governments, investors, entrepreneurship institutions, universities, civil society, large corporations, and entrepreneurs – to read this report and take its conclusions seriously, in the hope that they will trigger effective action and positive change.

Finally, I would like to thank Endeavor Insight for their guidance, support, and expertise throughout the entirety of this project.”

Endeavor and the SAP Social Sabbatical Program Featured in Stanford Social Innovation Review

SSIR_Logo_2013The Stanford Social Innovation Review recently profiled the Social Sabbatical program at SAP, an Endeavor sponsor, and the software giant’s efforts to transform emerging market economies by leveraging the expertise of its employees. Developed in partnership with  PYXERA Global, the program offers high-performing employees the chance to work with emerging market organizations and entrepreneurs in order to gain critical leadership and cross-industry skills.

Co-authored by Alexandra van der Ploeg, interim head of global CSR at SAP, and Deirdre White, CEO of PYXERA, the article emphasizes the need for corporations to better equip their talent base with knowledge of emerging markets, while also giving employees the opportunity to pursue socially-conscious causes. Launched in 2012, the Social Sabbatical program is SAP’s initiative to address these understandings, allowing employees to participate in short-term pro-bono assignments with growing organizations around the world.

In particular, a global group of 12 SAP employees, including marketing managers, software engineers, quality controllers and more, traveled to Johannesburg in October 2013 to spend a month advising four organizations, including the team at Endeavor South Africa. In order to address the challenges of growing a network of mentors and potential investors, three SAP employees worked with the local office to design an implementation strategy for an Investor Network event, research prospective markets and investors, and craft an internal and external marketing strategy. Learn more about Endeavor South Africa’s work with the program by clicking here.

Earlier in 2013, the Review also highlighted Endeavor’s partnership with EY on the Americas Corporate Responsibility (CR) Fellows Program (now the EY Vantage Program), which also places high-performing employees on short-term assignments with emerging market companies. In the piece, Endeavor CEO Linda Rottenberg and Deborah K. Holmes, EY Americas Director of Corporate Responsibility, presented essential tips for designing successful CSR programs. Since 2006, EY Fellows have donated nearly 30,000 hours to working with Endeavor Entrepreneurs in the Americas.

View the full SSIR piece by clicking here.

Endeavor Investor Network Interview with Nils Galdo Nogales, Founding Partner of InverSur Capital

nilsgaldoThis interview is the first of an exclusive series highlighting members of the worldwide Endeavor Investor Network. Earlier this month, Mariana Poblete of Endeavor Chile caught up with Nils Galdo Nogales, Founding Partner of InverSur Capital (iS Cap) — an Endeavor Investor Network member in Chile (2013-present) to gather his insights on investments in Latin America.

ENDEAVOR: Tell us a little bit about InverSur Capital (iS CAP).

NILS GALDO NOGALES: In early-2013, we raised our first fund of USD $35M, through which we expect to invest in 10-12 companies. Our average ticket size is USD $1.5M, with considerable capital reserved for follow-on investments. To date, our fund has invested USD $4.3M in three companies and expects to invest in three additional companies by the end of this calendar year (2014).

Our fund’s geographic thesis is the Southern Cone of Latin America, with a particular focus on Chilean companies. Through our current fund, we invest primarily in the Information and Communication Technology (ICT) sector. We will consider investing in other economic sectors through future funds.

ENDEAVOR: Which firms have co-invested with InverSur? Have you invested in any Endeavor companies?

NILS GALDO NOGALES: To date, we have co-invested with Angel Investors, Copec UC and Fundación Chile. As we continue to invest in this region, we are open to syndicating deals with both current and new global/regional equity investors. We have not yet invested in an Endeavor company but recently backed an Endeavor pipeline company — Mediastream. We would be proud if our entrepreneurs could later become Endeavor Entrepreneurs.

ENDEAVOR: What are the current trends that you see in Chile and LatAm?

NILS GALDO NOGALES: Overall, we see the continuing growth of entrepreneurial and VC activity. More and more entrepreneurs are choosing Chile as their launch-pad for development and the VC industry is matching this growth in entrepreneurship with additional funds.

Although the exit environment in the Southern Cone is yet to be proven, with firms like ours working to develop a clear path for local and /or regional “exits,” we hope to see a big impact in the next couple of years.

Over time, the entrepreneurial ecosystem of Latin America has matured and is presenting a more innovative, resourceful generation of entrepreneurs. This provides a base for both entrepreneurs and other related actors to aim for larger and better growth opportunities. Entrepreneurs from Chile are thinking of the broader region as the potential market for their company, which is contributing to the robust business opportunities that are present in our market.

ENDEAVOR: Any advice for international investors looking to enter the Southern Cone?

NILS GALDO NOGALES: It is always good to have different kinds of actors in the Latin American entrepreneurship ecosystem. My suggestion for international investors is to try to do things with the local ones to better understand the particular contexts as well as business operating norms. For local actors it is good to work with our international counterparts to learn from their experiences and share ours.

ENDEAVOR: Is there anything else that we should know about InverSur?

NILS GALDO NOGALES: The iS Cap office is located in Telefónica´s Open Future, a 1600 square-meter building in Santiago, Chile that hosts the largest entrepreneurial community in the region. Over 700 start-ups have their HQ in the building. Some tenants include Telefónica, BCI (4th largest bank in Chile) and Start-Up Chile, giving us early access to start-ups and tendencies that put InverSur Capital at the center of the local ecosystem.

InverSur Capital(iS Cap) is a member of Endeavor’s Investor Network in Chile. The fund was co-founded in early-2013 by Nils Galdo NogalesThe fund invests in Information and Communication Technology (ICT) companies with proven business models and the potential for global scalability. iS Cap through its Amerigo Chile Fund is part of the Amerigo network of technology venture capital investment funds, promoted by Telefónica. The Amerigo Network has operations in Brazil, Chile, Colombia and Spain.

Nils Galdo Nogaleshas over 10 years of experience in the entrepreneurial and venture capital ecosystem in Latin America. Prior to co-founding InverSur Capital, he co-founded and led ChileGlobal Angels, the angel network sponsored by Fundación Chile. Prior to that, Nils worked for Endeavor Chile; Nils is an active mentor and advisor to several regional companies and initiatives.

2013 Endeavor Entrepreneur Summit Video: John Donahoe

This video was filmed during Endeavor’s invitation-only 2013 Endeavor Entrepreneur Summit in San Francisco (June 2013).

In this keynote, eBay CEO John Donahoe speaks about the transformation of retail, bridging the online and offline, and the future of commerce. Under his leadership, eBay has become a global commerce platform and payments leader, with revenue in 2012 of $14.1 billion. Across its eBay, PayPal and GSI Commerce platforms, the company enabled $175 billion of commerce in 2012, which represents about 18% of e-commerce worldwide and about 2% of global retail. The company is also a mobile commerce leader, with a mobile commerce volume of $13 billion and a PayPal mobile payments volume of $14 billion in 2012. With eBay focused on enabling commerce as a partner, not a competitor, Donahoe addresses the importance of founders and entrepreneurs in innovating-at-scale and transforming the traditional retail industry.

2013 Endeavor Entrepreneur Summit Video: Ali Partovi & Eric Eldon

This video was filmed during Endeavor’s invitation-only 2013 Endeavor Entrepreneur Summit in San Francisco (June 2013).

In this fireside chat, TechCrunch Editor Eric Eldon interviews Ali Partovi about his path from serial entrepreneur (iLike, LinkExchange, Code.org) to early-stage investor (Facebook, Dropbox, Zappos and Airbnb) to startup advisor. Hear why sustainable agriculture and food companies like Brightfarms and Farmigo are next on his radar.

Ali Partovi is a Silicon Valley entrepreneur & investor. Ali co-founded LinkExchange (acquired by Microsoft for $265 million), and iLike (the first successful app on the Facebook platform). He was an early investor in Dropbox, Facebook, OPOWER and Zappos. Ali also co-founded Code.org, a non-profit to promote Computer Science education. Ali’s passion and current focus is sustainable food and agriculture.

Eric Eldon is the Co-Editor of TechCrunch. He was previously the Co-Founder and editor of Inside Network, where he managed publications including Inside Facebook, Inside Social Games and Inside Mobile Apps. Before that, he spent a couple of years covering technology and finance at VentureBeat, a leading Silicon Valley publication where he was the first employee. Eric attended Stanford University and graduated with a degree in International Relations in 2005. He reported and edited news for The Stanford Daily student newspaper.

Watch the playlist of excerpts from their discussion:

2013 Endeavor Entrepreneur Summit Video: Alex Asseily and Fadi Ghandour

From Endeavor’s invitation-only 2013 Endeavor Entrepreneur Summit in San Francisco (June 20, 2013).

In this fireside chat, Alex Asseily, STATE Founder & Executive Chairman and Jawbone Co-Founder, talks with Fadi Ghandour, Founder of Aramex and Endeavor board member, about the relationship between and intersection of revolution and entrepreneurship — both across industries and geographies.

Looking to transform the consumer electronics industry with Jawbone, Alex Asseily’s company became a leader in the mobile lifestyle field with products like the Jawbone Icon & Era headsets, the Jambox wireless speaker line and UP personal health solutions. In addition to his role as Jawbone Chairman, he has also been lauded for his work with the software company STATE, a global opinion network, and with  organizations like General Assembly.

One of the Middle East’s leading businessmen and entrepreneurs, Fadi Ghandour founded Aramex, the region’s premiere logistics and transportation company, and served for over 30 years as the company’s CEO. As both an active supporter of the Endeavor network and a well-recognized investor, he has become a noted figure in the world of entrepreneurship and social innovation. 

Watch the playlist of excerpts from their discussion:

2013 Endeavor Entrepreneur Summit Video: Dave Goldberg and Wences Casares

From Endeavor’s invitation-only 2013 Endeavor Entrepreneur Summit in San Francisco (June 20, 2013).

Over their careers, Endeavor Entrepreneur and Lemon Wallet CEO and founder Wences Casares and SurveyMonkey CEO Dave Goldberg have been entrepreneurs, investors, founders and successful CEOs. In this frank fireside chat on leadership through a company’s — and an entrepreneur’s — life cycle, the two draw straight from their years of experience in the business and venture capital worlds. Casares reflects on his role as founding CEO of five companies and Goldberg describes both a founder’s and a CEO’s mentality as he took SurveyMonkey from a 14-person team to a $1 billion global business.

Watch the playlist of excerpts from their discussion:

Dave Goldberg & Wences Casares:

On Following Your Passion

On Being an Entrepreneur-In-Residence

On Venture Pitching and Investments

On Building SurveyMonkey Into a Billion Dollar Business

On Successful Managers and Emerging Markets

McKinsey on Society’s “Entrepreneurship Without Boundaries” Series Features Insights from Members of the Endeavor Network

mckinsey

Consulting firm McKinsey & Co.’s McKinsey on Society feature offers insights on the people, organizations and ideas that are transforming the world. The current topic focuses on Entrepreneurship Without Boundaries  and explores how this generation’s entrepreneurs are making an impact across industries and nations. Endeavor supporters like network member Fadi Ghandour, 2013 Entrepreneur Summit speaker Chris Schroeder and 2013 Gala honoree Richard Branson have all offered their own insights for the series.

In his piece, Fadi Ghandour, founder and vice chairman of Aramex, discusses the concept of  ‘corporate entrepreneurship responsibility’, which is his take on the need for private sector firms to actively promote entrepreneurship and job creation beyond traditional CSR efforts. The future of international development, Ghandour explains, requires private sector companies to mentor, finance and market emerging entrepreneurs so that they can, in turn, spur economic and social growth. As an active member of the Endeavor network, Ghandour was honored at the 2011 Endeavor Gala for his work. Click here to continue to his full article.


RichardBranson

Sir Richard Branson, Chris Schroeder and Fadi Ghandour


Chris Schroeder, a U.S.-based Internet entrepreneur, investor and author, offered his insights on the Arab world’s startup ecosystem, providing four ‘steps’ for Arab governments and communities to leverage the startup revolution in the region. Schroeder explains that political and economic progress will play an important role in the growth of the entrepreneurial community in the Middle East, particularly when it comes to transforming regulated regimes and trade restrictions. Schroeder was a keynote speaker at the 2013 Endeavor Summit in Palo Alto, CA. Click here to continue to his full article.

Founder of Virgin Group and serial entrepreneur Sir Richard Branson spotlights the need to support and invest in entrepreneurs at a young age in his article, telling the stories of budding entrepreneurs that have found support at his Branson Centre for Entrepreneurship. He discusses the ways in which various realms of authority can better support and encourage startup mentalities among young adults, including educational programming, increased government investment, and active corporate mentorship. Sir Branson was honored at the 2013 Endeavor Gala for his work. Click here to to continue to his full article.

 

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