High-Impact Entrepreneurship

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President Obama meets with four Endeavor Mexico Entrepreneurs

Endeavor Mexico nominated four Endeavor Mexico Entrepreneurs to participate in a roundtable conversation on entrepreneurship with President Barack Obama during his visit to Mexico City in early May.

Over two days, President Obama met with President Peña Nieto on a range of issues that affect the nations’ relationship, including security, government reform, and the importance of job growth and entrepreneurship.  “I also want to work with the Mexican government,” President Obama said in a speech at the Anthropology Museum, “because I believe that the long-term solution to the challenge of illegal immigration is a growing and prosperous Mexico that creates more jobs and opportunities for young people here.”

During the roundtable conversation, Endeavor Mexico Entrepreneurs, Enrique Gómez Junco (Optima Energia), Alfredo Suárez (AliBio), Moís Cherem (Enova) and Gabriel Manjarrez (Micel) spoke with Obama and his team about the challenges and opportunities they face as entrepreneurs. They also praised the work Endeavor is doing to build support networks for entrepreneurs in Mexico and around the world.

“This event was really unique,” Enrique Gómez said. “It is the first time in our history that our governments focus their attentions in develop entrepreneurship as the main tool to help Mexico develop faster.”

 

Enova CEO Wins Schwab Foundation Social Entrepreneur of the Year Award

Endeavor Mexico Entrepreneur Mois Cherem was one of three winners of the 2013 Schwab Foundation Latin America Social Entrepreneur of the Year Awards. He received the honor yesterday in Lima, Peru, at the World Economic Forum on Latin America – in the presence of President Ollanta Moises Humala Tasso of Peru; President Ricardo Martinelli of Panama and President Enrique Peña Nieto of Mexico.

Mois is one of three founders of ENOVA, which designs, builds and operates small, cost-effective digital learning centers in Mexico, known as RIA (Red de Innovacion y Aprendizaje). Because of ENOVA’s advanced technologies and well-trained facilitators, RIA is the biggest network of digital education centers in Mexico, where only 13% of students graduate from college. With 70 centers, ENOVA has approximately 235,000 registered members and 9,000 new students per month. Mois and ENOVA was also featured in our “Impact is Endeavor” video.

 

 

Endeavor Global Board Member Arif Naqvi Honored by Peace Organization

Arif Naqvi, Endeavor Global Board Member and Founder of The Abraaj Group, a leading private equity firm that invests in growth markets throughout Asia, Middle East, Africa, Turkey, Central Asia, and Latin America, was named the 2013 Oslo Business for Peace Honoree. The Oslo Business for Peace Award is the highest form of recognition given to individual business leaders for fostering peace and stability through creating shared value between business and society.

Naqvi’s work in promoting responsible business practices by looking at the stakeholder, rather than exclusively the shareholder, is pioneering in the private equity industry, and The Abraaj Group devotes the time of its employees and resources to mentoring social, cultural and economic entrepreneurs. Abraaj and its employees have developed an important partnership with Endeavor over the past three years supporting dozens of entrepreneurs as well as Endeavor’s affiliate expansion throughout MENA and Southeast Asia.

Celebrity John Leguizamo Praises Endeavor Colombia Company in WSJ

 

Bogota-born actor and comedian John Leguizamo recommended Endeavor Colombia company Mario Hernandez as a “must visit” in a full page story on Bogota in the Adventure & Travel section of The Wall Street Journal. According to the write-up, “the leather [of the products] is buttery and the linings are cool. It’s all really well constructed and made to last.”  Owner and Endeavor entrepreneur Mario Hernandez can now add this story to his collection of press featured on his website.  Mario Hernandez was selected by Endeavor in 2012 and continues to thrive.

 

 

Harvard Professor Donates Proceeds of New Book to Endeavor

Endeavor recently received notice that Thomas Eisenmann, the Howard H. Stevenson Professor of Business Administration at Harvard Business School, will donate to Endeavor the proceeds of his new book, Managing Startups: Best Blogposts.

The book is a collection of blog posts about startup ventures, covering important topics such as: Funding Management, Business Models, Lean Startup, Customer Discovery and Validation, Branding, and Product Development. Managing Startups will be published on May 15th, but is available here for pre-order on Amazon. Eisenmann said he chose Endeavor because of our focus on entrepreneurship in emerging markets.

Endeavor Mexico’s Fairtrasa Expands in Europe


Last week, Endeavor Mexico company, Fairtrasa, which produces and distributes high-quality organic and fair trade fruits and vegetables, acquired an established organic trading company in Holland to increase its sales in Europe.

With this acquisition, Fairtrasa is becoming a leading organic and fair trade fruit supplier in the European market. This will enable it to keep growing its farmer network and increase its economic and social impact. The company will now be called Fairtrasa Holland B.V.

 

 

Endeavor Brazil hosts Global Entrepreneurship Congress in Rio de Janeiro

Last week, Endeavor Brazil welcomed non-profit executives, entrepreneurs, and policy makers from over 100 countries to the Global Entrepreneurship Congress in Rio de Janeiro.

The GEC is the main planning event for Global Entrepreneurship Week, a celebration and promotion of entrepreneurship that takes place each November in 115+ countries around the world. During GEW, NGOs, universities, and corporations host events that are designed to build their countries’ entrepreneurial ecosystems and to raise awareness of entrepreneurship as a viable career option. GEW was launched in 2008 by former Kauffman Foundation President Carl Schramm. Since that time several Endeavor affiliates have served as GEW lead delegates, planning events and recruiting partner organizations.

Each March, these lead delegates come together for the Global Entrepreneurship Congress, where they discuss best practices for planning GEW and for supporting entrepreneurship in their local markets. Past Global Entrepreneurship Congresses have taken place in Liverpool, Shanghai, Dubai, and Kansas City. This year, as lead host of the GEC, Endeavor Brazil managed all conference logistics, including fundraising and speaker recruitment.

Over the conference’s four days, attendees had the opportunity to hear from global policy and entrepreneurship experts including Endeavor executives and entrepreneurs.

Linda Rottenberg, Endeavor’s co-founder & CEO, moderated a panel discussion on the challenges of scaling a start-up to become a global player.  She was joined by Endeavor Entrepreneur Hernán Kazah, Co-Founder, MercadoLibre.com and Co-Founder, Kaszek Ventures; Dave McClure, Founding General Partner, 500 Startups; and Alexandre Hohagen, VP of Sales, Facebook LatAm and former LatAm Managing Director, Google. Hernán, Dave, and Alexandre spoke about the challenges of building a company in growth markets like Brazil, the importance of founders developing the skill sets needed to run large organizations, and best practices for hiring talent.

Linda also delivered- to a packed audience- an “Endeavor Day One Talk” about the moments that forever changed her path as an entrepreneur. Linda’s “Day Ones” included the day when, as an Ashoka fellow in Argentina in the late 90s, she had her “eureka moment” and first thought up the Endeavor model; the day when Argentina business tycoon Eduardo Elsztain agreed to fund the launch of Endeavor’s first office in Buenos Aires; the day when Endeavor Global Board Chairman Edgar Bronfman, Jr. pushed Linda to ratchet Endeavor’s global presence up to 25 countries by 2015; and finally, the day when she realized that in order for Endeavor to lead a global high-impact entrepreneurship movement, she needed to hire senior leaders, thereby  transforming her team from a rock star into a rock band.

Throughout these experiences, she stuck to one basic belief: crazy is a compliment. In fact, Linda told the audience, “If you’re not being called crazy, then you’re probably not thinking big enough.”

In addition to Linda, GEC attendees heard “Endeavor Day One Talks” from Endeavor Entrepreneur Edivan Costa, Founder, SEDI; Brad Feld, Managing Director, Foundry Group; and Luciano Huck, TV star, entrepreneur, and the first Brazilian to garner one million twitter followers.

After four days at the beautiful Lagoon in Rio,  the GEC ended with a celebration on Sugar Loaf Mountain that was catered by Endeavor Brazil company Spoleto.

 

Endeavor Mexico Entrepreneur Javier Okhuysen interviewed on BBC World Service

The BBC News World Service Business Daily Radio featured Endeavor Mexico Company Sala Uno in  “The Healthcare Timebomb,” a segment on healthcare efficiency in the face of financial crises and aging populations.

Sala Uno utilizes innovative surgical techniques and a vertically-integrated supply chain to provide high-quality, affordable cataract surgery and eye care to low-income Mexicans. In 2012, when founder Javier Okhuysen was selected by Endeavor, the company completed more than 2100 cataract surgeries.

BBC reporter Ed Butler spoke to Okhuysen about the barriers Mexicans face to receiving crucial eye treatment and care. Sala Uno’s private vision centers and clinics in Mexico City are preventing avoidable blindness in older, previously untreated Mexicans.

Listen to the segment here.

 

PandoDaily features Endeavor Turkey Entrepreneur Nevzat Aydin

Leading web publication PandoDaily recently featured Endeavor Turkey Entrepreneur Nevzat Aydin, the co-founder & CEO of online food delivery platform Yemeksepeti.com. Nevzat spoke with reporter Chris Schroeder about his journey as an entrepreneur, which began in 2000 when he quit graduate school in San Francisco, returned to Istanbul, and founded Yemek Sepeti. By the end of its first year, Yemek Sepeti processed 150 orders per day; 12 years later the platform processes 150,000 orders per day. To read about how Nevzat and his team grew their company from 150 orders per day to 150,000 orders per day, read the full PandoDaily article here.

Selected by Endeavor in 2007, Nevzat and his co-founder Melih have received strategic guidance from and introductions to Endeavor mentors, and have attended and participated in Endeavor events around the world. Endeavor’s sustainability vehicle Endeavor Catalyst participated in Yemek Sepeti’s recent $44 million funding round, led by General Atlantic Partners.

 

Endeavor Chile company ComparaOnline.com signs strategic alliance with Buscapé Group

Endeavor Chile company ComparaOnline.com, Latin America’s main comparison site for financial products and insurance, recently signed a strategic alliance with Buscapé, founded by Endeavor Brazil Board Member Romero Rodrigues. ComparaOnline.com will acquire Buscape’s financial and insurance oriented brand, Corta Contas.com.br.

Since its launch in 1999, Buscapé has emerged as Brazil’s E-Commerce leader, connecting customers to the products and services of retail companies, financial market and advertising agencies, distributors, and consumer good providers. Under this agreement, Buscapé will join the ComparaOnline board of directors. The companies expect a complete human resource and product merge by the end of the year.

“We’re very excited with this association. ComparaOnline.com is the best operator in this segment in the region, and has been adding a great amount of value to its customers through the efficiencies it generates,” said Romero Rodrigues, CEO and founder of the Buscapé Group.

This alliance is the latest in a string of achievements for ComparaOnline.com. Sebastián Valin Acuña founded the company in 2009 and was selected as an Endeavor Entrepreneur in 2012. That same year, ComparaOnline.com received funding from Kaszek Ventures, a leading LatAm Venture Capital firm founded by two MercadoLibre alums: co-founder & Endeavor Argentina Entrepreneur Hernán Kazah and former CFO & Endeavor Global Board Member Nicolás Szekasy. Today, ComparaOnline.com employs over 90 people and is empowering customers to make informed decisions about insurance products and rates. Valin Acuña hopes to one day take the company public on the NASDAQ.

“We are convinced that together both companies will offer the best service in the industry to both end users as well as insurance or financial companies,” he said. “Buscapé’s decision to form an alliance with us after an in depth market analysis confirms the leading position ComparaOnline has in Latin America.”

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