As we begin a new year, we wanted to reflect on some of Endeavor’s milestones in 2011 and share our excitement for the year ahead.
We couldn’t be prouder of our Endeavor Entrepreneurs (656 and growing!). Last year, their companies generated an estimated $4.5 billion in revenues, and they’ve created 150,000 jobs. Beyond that, they continue to be stellar role models for the next generation of innovators. Check out more top metrics here; and be sure to download our 2011 Impact Report [PDF].
Endeavor now has offices in 15 countries, including newly launched operations in Lebanon, Indonesia, and soon Saudi Arabia. And with expansion teams scoping Morocco, Malaysia, Poland, and Greece, we’re getting closer to our audacious goal of 25 countries by 2015.
Even as we grow, Endeavor remains a family—from our entrepreneurs to boards, from our VentureCorps to our supporters. Last year, our global network of 2,500+ business leaders and MBAs volunteered 37,000 hours of mentoring. And we’re grateful to have launched or renewed partnerships with top-notch organizations: Abraaj Capital, Bain & Company, Barclays Capital, Dell, Ernst & Young, JP Morgan, Omidyar Network, SAP and Zennström Philanthropies.
Last year we started focusing on how to expand our reach and our services. With the remarkable help of a team of Bain consultants, we have built a strategy we’re calling “Endeavor 3.0.” Propelled by our incredible 200-person worldwide team, we’re making improvements to enhance and standardize the “Endeavor Experience” that entrepreneurs have from the moment they enter the network.
A key part of Endeavor 3.0 is sustainability. We are harmonizing our entrepreneur give-back programs worldwide to help affiliates continue to find the next generation of great entrepreneurs and provide them with exceptional services. At the same time, we launched a revolutionary new program called Endeavor Catalyst, a high-impact vehicle that uses donated capital to allow us to co-invest in our entrepreneurs—in a neutral, unbiased way. When these investments produce returns, proceeds will go both to support Endeavor’s operations and back into Catalyst. We’re thrilled to have pre-raised $6 million from our founding “Entrepreneurs’ Circle”—Edgar Bronfman, Jr., Reid Hoffman, Michael Cline, Mike Ahearn, Arif Naqvi, and Pierre Omidyar.
Together, let’s make 2012 a truly high-impact year!
Linda and Fernando
Co-founder and CEO, Endeavor