Endeavor Insight releases a new report, “Impact of Endeavor Chile”.
More than 80% of all employment in Chile is generated by entrepreneurship. But the country’s thriving entrepreneurial ecosystem did not develop over night. In fact, along with the Chilean government and a few other key actors, Endeavor has been fostering this ecosystem for more than a decade. This stewardship has been two-pronged.
First, Endeavor Entrepreneurs themselves have been crucial in inspiring, mentoring, and investing in other entrepreneurs. (See a related blog post here.) And, second, the Endeavor office has spurred the development of many other support actors; ranging from angel networks and venture capital funds to mentor networks and incubators. As an example, in the angel network space, Chile Global Angels, the most active angel network in Chile, was founded by a former Endeavor employee and has since then invested in 11 different companies, including three second rounds. Of the 27 angels, 80% are connected to Endeavor.
The Endeavor office influence is best encapsulated by the former Managing Director of Endeavor, Alan Farcas: “Nearly 100% of the Chilean organizations which support entrepreneurs were founded by individuals in some way linked to Endeavor and, without a doubt, we are somehow related to every other entity which operates in the entrepreneurial space.” Yet, despite the plethora of support options available to entrepreneurs, more than one-third of those surveyed cited Endeavor as the organization to which they would most like to belong.
To learn more about how Endeavor has impacted the ever-growing and exciting entrepreneurial space in Chile, check out the video below! For an in-depth look at Chile’s entrepreneurial ecosystem, check out the report here.