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Endeavor Investor Network’s Latin American Venture Forum Gathers 160+ Entrepreneurs and Investors in Bogotá

Last week, Endeavor Global and Endeavor Colombia hosted the inaugural Latin American Venture Forum in partnership with Bancoldex. This event gathered over 30 of the most active regional funds in Colombia for a day of content, discussion […]

September 16th, 2014 — by admin

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Uruguay’s PedidosYa Acquired By Delivery Hero, Expands Network to 20 Countries

Uruguay’s PedidosYa, an online solution for food delivery in Latin America, recently announced a majority acquisition by Germany-based Delivery Hero. Founded by Endeavor Entrepreneurs Ariel Burschtin, Álvaro García, and Ruben Sosenke in 2009, PedidosYa currently operates a network of 12,000 partner […]

June 28th, 2014 — by admin

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16 High-Impact Entrepreneurs from 7 Countries Join the Endeavor Network

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Jakarta, Indonesia- February 21, 2014 – Endeavor selected 16 high-impact entrepreneurs leading 11 companies in Egypt, Indonesia, Lebanon, Malaysia, Mexico, Saudi Arabia, and the UAE at its 52nd International Selection Panel.

Endeavor now supports 888 High-Impact Entrepreneurs from 569 companies in 19 countries. The entrepreneurs were chosen at a panel held from February 19 – 21 in Jakarta.

The International Selection Panel (ISP) is the culmination of a rigorous multi-step selection process. At the Jakarta ISP, business leaders from nine countries interviewed candidates about their businesses and high-impact potential, and then voted on whether or not candidates should become Endeavor Entrepreneurs.

“I want to welcome all of the new Endeavor Entrepreneurs to our network,” said Endeavor co-founder and CEO Linda Rottenberg. “I particularly want to congratulate our affiliates in Southeast Asia. Endeavor Indonesia organized and hosted this flawless ISP – the first to be held in Southeast Asia – and Endeavor Malaysia successfully selected its first entrepreneur.”

Post-selection, Endeavor provides entrepreneurs with customized services, including introductions to local and international business mentors and volunteers from Fortune 500 consulting firms. Endeavor Entrepreneurs have had a significant track record of creating thousands of jobs and building sustainable growth models in their home countries.

Endeavor will host four additional International Selection Panels in 2014. Locations will be Florianopolis, Brazil; New York, NY; Istanbul, Turkey and Miami, FL.

Brief descriptions of the selected entrepreneurs and companies follow.

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Members of the Endeavor network during an ISP dinner

EGYPT

Entrepreneurs: Mohamed Abdel Moneem Mostafa Abdel Moneem

Company: Al Sagheer Group (www.mohamedalsagheer.com)

Description: Al Sagheer Group operates 19 beauty services centers in Egypt, two in Dubai, UAE and one in Doha, Qatar. The centers provide an expansive offering of services, including hair, beauty, and spa treatments for men, women, and children of all ages. Al Sagheer Group also imports beauty products from premium brands like Guarani, Chanel, and Dior. The company sells directly to customers in its high-end, in-salon boutiques and also distributes them to other salons, pharmacies, and specialty boutiques in Egypt.

INDONESIA

Entrepreneur: Arief Widhiyasa

Company: Agate Studio (www.agatestudio.com)

Description: With over 120 developed games and partnerships with premier Japanese studios, Agate Studio is one of Indonesia’s leading game development studios. Agate Studio creates a wide array of B2C games available on mobile apps and online, including the popular and award-winning Football Saga 2. Agate Studio also creates advertising and learning games for companies seeking innovative methods to market themselves and provides instruction in a fun, unique way.

Entrepreneur: Grace Judio-Kahl

Company: Shape Up Indonesia (www.shape-indonesia.com)

Description: As the first medically-supervised health care service focusing on obesity and weight loss in Indonesia, Shape Up is helping countless women and men through treatments combining medical, psychological, and cosmetic therapies. The clinics offer patients a comprehensive selection of drug regimens, quick fat-reduction treatments, group therapy programs, sessions with personal trainers, and healthy meal plans.

LEBANON

Entrepreneur: Jean-Marc Ingea

Company: Elcir (www.elcir.com)

Description: Elcir manufactures and installs furniture and woodwork for luxury hotels, high-end residential units, and corporate offices. After rebuilding his father’s company following the Lebanese Civil War, CEO Jean-Marc expanded Elcir’s services worldwide, from the Atlantis Resort in the Bahamas to the presidential palace in Turkmenistan.

Entrepreneur: Jamil Corbani

Company: Green Studios (www.greenstudios.net)

Description: Green Studios designs and builds green walls and roofs, and provides its own independent landscape architecture services. Using its proprietary technology, which pumps water through a synthetic “skin” on which the plants grow, Green Studios’ builds walls that require three times less water than competitors. Green Studios has already worked with prominent Lebanese real estate developers and has secured projects in Dubai and Egypt to be completed in 2014.

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Entrepreneurs during the ISP Candidate’s Day

MALAYSIA

Entrepreneur:  Hakim Karim

Company: GridMarkets (www.gridmarkets.com)

Description: Launched in 2013, GridMarkets’ B2B exchange provides firms that use a fraction of their in-house data centers with the ability to recover costs from servers that sit idle during off-peak periods. For firms with variable and project-based needs, GridMarkets offers a flexible and low-cost server solution. Unlike the primary market, which charges for a pre-set amount of capacity regardless of usage, GridMarkets allows its clients to buy and sell server capacity on a “pay-per-use” basis with no minimum commitments.

MEXICO

Entrepreneurs:  Juan Carlos Feregrino & José Antonio Feregrino

Company: Grupo Delicias

Description: Since taking over the reins of their family-owned dairy farm in 2000, Juan Carlos and José Antonio Feregrino have expanded their original product offering from milk and dairy byproducts, using proprietary technology to develop cost-effective, value-added cattle feed to sell to dairy farmers and feed lots. Compared to traditional feed, Grupo Delicias’s alternative solution costs about 12% less and, with up to 100% more protein, provides the nutrition needed for efficient meat and milk production.

Entrepreneurs:  Gonzalo Abascal, Javier Solano & Armando Rasgado

Company: Linko (www.linko.mx)

Description: Linko is an IT consultancy and software developer that improves customer experiences at financial institutions, such as banks and insurance companies. It customizes an array of TIBCO and Pitney Bowes software that allows financial institutions to analyze customer transactions, communicate with customers effectively, and manage their customer service efficiently. Linko also develops its own software, ranging from white-label apps for banks to software platforms, to further enhance the customer experience.

Entrepreneurs: Pablo Pedrejón & Toby Clarence-Smith

Company: Petsy (www.petsy.mx)

Description: In the dog-eat-dog world of Mexican ecommerce, Petsy has become the leading online provider of pet supplies. Launched in June 2013, Petsy offers the widest and best selection of premium food, accessories, and care & maintenance products in Mexico. A fast, convenient, and affordable way to shop, Petsy ensures that pets receive the best care through its wide selection of competitively-priced pet supplies.

SAUDI ARABIA

Entrepreneur: Ebrahim Aljassim

Company: HungerStation (www.hungerstation.com)

Description: HungerStation is the hottest new method for ordering food in Saudi Arabia. Its website and mobile app facilitate online food ordering, tracking and delivery. Those who cannot cook or drive, or do not have the time for either, can select the perfect meal from the countless restaurants available through HungerStation. The company provides access to restaurants without existing delivery services, which has helped expand options for restaurants and customers alike.

UAE

Entrepreneur:  Mona Ataya

Company: Mumzworld (www.mumzworld.com)

Description: Mumzworld is the leading e-commerce retailer in MENA focused exclusively on products for expectant mothers and their babies, infants, and young children. Since its launch in 2011, Mumzworld has developed the largest online inventory available in the Gulf Corporation Council. By offering customers free returns, quick delivery, and a best price guarantee, Mumzworld maintains a high customer satisfaction rate. In addition to its customer facing e-commerce platform, Mumzworld provides businesses with advertising opportunities, discounted corporate sales, targeted sample distribution, and online storefronts for traditional retail stores.

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Global Chairman Edgar Bronfman, Jr. at the ISP’s closing gala

Mexico’s Mastretta Cars Opens First Global Dealership; Plans Expansion into the U.S.

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Mastretta  Cars, founded by Endeavor Entrepreneur Carlos Mastretta Guzmánrecently unveiled its flagship global car dealership in Toluca, Mexico on the heels  of an announcement that the company is planning a larger expansion into Mexico and the U.S. The plan includes anticipated openings in the Mexican cities of Monterrey, Guadalajara and Mexico City as part of a marketing strategy that will allow their customer base more direct access to their high-end line of sports vehicles. With growth expected to be in the double digits in 2014, Mastretta is working with the British Racing Group to open its first U.S. dealership in Philadelphia, which will help the company explore additional distribution points in the Americas.

Since its founding in 1987, Mastretta has set out to be one of a few Mexican automotive companies designing and building sports cars domestically. Selected as an entrepreneur in 2010, Carlos has received a number of services from Endeavor, including business and marketing guidance from a local advisory board and investment from Endeavor Catalyst.

Read media coverage of Mastretta’s expansion in national Spanish-language outlets including El Economista, El Financerio  and Vanguardia.

 

Endeavor Insight Report Spotlights Growing Entrepreneurship in Bogotá’s Tech Sector

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Bogotá’s tech entrepreneurs have built over 100 companies and created thousands of jobs over the past two decades, according to a recent study by Endeavor Insight. With the support of Endeavor Colombia and the Omidyar Network, the research team interviewed over 200 tech entrepreneurs from more than 230 Bogotá tech companies and found that through inspiring, mentoring, and investing in one another, Bogotá’s tech entrepreneurs have underpinned the sector’s recent success. This study builds on Insight’s work identifying how entrepreneurship ecosystems develop and the central role entrepreneurs play in supporting one another and multiplying their collective impact.

In Bogotá, the study revealed over 300 personal and professional relationships among local tech entrepreneurs. Classified as one of five types – inspiration, mentorship, former employment, investment, or serial entrepreneurship – these connections allow Bogotá’s tech founders to invest their knowledge and resources into the next generation of entrepreneurs. The entrepreneurs featured on the study’s map have at least one connection to another entrepreneur in the broader Bogotá tech network, demonstrating that the city’s entrepreneurs are not only focused on building their own ventures, but also on multiplying their impact by supporting fellow and future generations of entrepreneurs.

As Colombia’s economy continues to emerge, Bogotá’s tech sector will not only drive job and economic growth, but also position the region to compete on a global scale. Alex Torrenegra and Tania Zapata, founders of Bunny Inc. and Endeavor Entrepreneurs, are models of the high-impact entrepreneurship that is integral to the continued growth of the sector and Bogotá’s economy. With over 20 direct connections to other Bogotá tech companies, Alex and Tania have created a platform that younger entrepreneurs have used to launch their own successful ventures. This “Multiplier Effect” is a critical part of Endeavor’s model, and the study demonstrates that a handful of entrepreneurs have the potential to scale-up their businesses, invest in the next generation of entrepreneurs, and transform a sector and the broader economy.

Read coverage of the research in Colombia’s El Espectador and find the full report, including details on all of the key findings and a full visual map of Bogotá’s tech sector, by clicking here for English and here for Spanish.

Endeavor Insight Releases Report Focused on Southeast Asia’s High-Impact Entrepreneurs

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Endeavor Insight, supported by Omidyar Network, released a report studying high-impact entrepreneurs in Southeast Asia. Using data from the World Bank Enterprise Survey, Endeavor Insight looked at more than 4,200 companies and found that in a number of Southeast Asian countries, scaleups are creating the majority of new jobs. The report also revealed that scaleups – companies growing at more than 20% per year over the past three years – represent only 14% of total companies but created 77% of net new jobs.

To understand the dynamics that allow these companies to create jobs and value for their economies, Endeavor Insight also interviewed ten of the top Southeast Asian entrepreneurs both in and outside of the Endeavor network. Coming from companies as diverse as a Filipino cut flower business to an Indonesian payments firm, these entrepreneurs share a common drive to succeed and passion for their business and product offerings. The interviews also revealed a number of recurring challenges among the region’s scaleups, including issues of  talent sourcing and access to customers and markets.

Read the full report, including detailed case studies of each entrepreneur interviewed, by clicking here.

Latin American Venture Capital Fund Kaszek Ventures Raises $135 Million

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Kaszek Ventures, run by Endeavor Entrepreneurs Nicolas Szekasy and Hernán Kazah (co-founders of MercadoLibre along with Marcos Galperin) recently raised $135 million in a second round fund. Despite recent headlines discussing the turbulence in emerging markets, the substantial funding round shows promise for the region’s continual growth and investment opportunities.

The new fund’s investors include firms Horsley Bridge Partners, Sequoia Heritage and Kevin Efrusy, the partner at Accel Partners responsible for its early investment in Facebook. According to coverage in the New York Times, of the 22 companies that Kaszek has invested in, 17 have raised at least one subsequent financing round and 11 of those brought in new investors.

Nicolas, Hernán and Marcos were among the first entrepreneurs to be selected into the Endeavor network in 1999, and have subsequently become one of the Endeavor’s greatest success stories with MercadoLibre. Known as the eBay of Latin America, MercadoLibre was the first company in the Endeavor portfolio to have an IPO in the U.S., opening on the NASDAQ at $400 million in 2007. The entrepreneurs received a number of Endeavor services in their early stages, including placement with the eMBA Program, financial consulting, and connections with eBay, which acquired a stake in the company in 2002. Subsequently, Nicolas,  Hernán and Marcos have fulfilled Endeavor’s model by giving back to the organization, serving on Global Advisory Boards and as panelists and mentors.

Read the full article in New York Times’ Dealbook by clicking here.

 

Endeavor Investor Network Event Highlighted at Kauffman Fellows Global Summit in Sao Paulo

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In January, the Endeavor Investor Network team co-hosted an event in Sao Paulo, Brazil with Brazil Innovators and the Kauffman Fellows Program that convened 40+ high-growth Brazilian companies and 40+ investment firms from the United States, Europe, Mexico and Brazil.  During the two-hour speed networking session – a hallmark of all Investor Network events – participants met with  up to ten companies each, resulting in 350+ formal investor-to-entrepreneur introductions.  Following the formal networking session, participants celebrated with a dinner hosted by the Kauffman Fellows Program.

As part of the larger Kauffman Fellows Global Summit, the investor event brought together 130+ leaders of the worldwide entrepreneurship ecosystem and promoted Brazil as a top market for investment. Throughout the 2014 Summit, Endeavor Entrepreneurs, network members and staff took the stage to discuss topics ranging from venture capital in Brazil to pan-regional companies launching local operations. Endeavor participants included entrepreneur Miguel (Mike) Santos of Technisys, board member Jason GreenEndeavor Catalyst‘s Allen Taylor and Leticia Queiroz of Endeavor Brazil.

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Endeavor VP Allen Taylor at the KFP Global Summit

February 2014 Newsletter

CaptureTo view Endeavor’s February newsletter, a recap of all the top news stories from the previous month, please CLICK HERE.

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Endeavor Insight Report Reveals the Top Qualities that Entrepreneurs Look for in a City

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Endeavor Insight, supported by Omidyar Network, recently released a report that addresses the question “What Do the Best Entrepreneurs Want In A City?” With research culled from surveys and interviews with 150 founders of some of the fastest growing companies in the U.S., the report offers some important takeaways for urban leaders. Studies show that entrepreneurs often look to large cities rather than less urban areas to start their ventures and tend to stay put as their firms grow, with a majority of the founders surveyed living in metropolitan regions with populations of over one million. With this in mind, Endeavor Insight set out to explore the key elements of cities that allow them to attract and retain high-impact businesses, and the steps that leaders and policymakers can take to equip their cities for entrepreneurial growth.

The research uncovered a few key lessons on what makes certain cities more attractive than others. While a strong quality of life, talent pool and customer base were the most cited considerations, there was also a surprising lack of mention of business-friendly regulation as a factor. City leaders who dedicate resources to fostering these identifiable characteristics have the highest potential of drawing the types of innovative entrepreneurs, companies and jobs that can transform their local economies.

Read the full report, including more detailed explanations of each lesson and a list of the top keywords mentioned, by clicking here. The report was also featured in the The Atlantic Cities, The Atlantic and the Silicon Valley Business Journal.

Turkey’s Pozitron Acquired by Monitise Group in $100 Million Deal

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Endeavor Entrepreneur company Pozitron, founded by Fatih Işbecer and Fırat İşbecer, recently announced its acquisition by mobile commerce giant Monitise Group in an all-share deal worth $100 million. A Turkey-based mobile software development company, Pozitron was founded in 2000 with the goal of creating, integrating and securing business solutions through the use of cutting-edge mobile technology. Since its founding, the company’s products have reached millions of customers in the region and include solutions for some of Turkey’s largest banks, airlines, and media companies. The company has also earned recognition for its business model from organizations such as Harvard Business School and  Deloitte,  as well as partnerships with top tech companies like Apple, IBM and Microsoft.

The UK-based Monitise Group, which works with payment partners like Visa to build and roll out mobile solutions, is continuing its global expansion efforts with the Pozitron acquisition following similar deals in the U.S. and African markets. The acquisition signifies a move to expand into the rapidly developing Middle East market, where the number of mobile subscribers is expected to surpass 300 million in 2014. With Turkey often viewed as a gateway into the region, the deal also demonstrates the strength of the country’s startup and scaleup scene, with the Endeavor Turkey affiliate already serving over 60 local entrepreneurs. Fatih Işbecer, Pozitron’s current CEO, will become head of Monitise’s Middle East & Africa business, bringing along COO Fırat İşbecer and the company’s existing 130 employees.

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Pozitron founders with Endeavor Turkey staff and entrepreneurs at the 2011 Endeavor Summit

This announcement demonstrates the impact that Endeavor’s work continues to have on its  entrepreneurs, and the importance of access to mentorship, support and growth opportunities for companies in the critical scaleup stage. Since their selection as Endeavor Entrepreneurs in 2007, Pozitron has been an active member in the network, securing several client contracts with Endeavor’s support and advisory services. In addition to sessions with Endeavor mentors, Fatih and  Fırat have  benefited from the eMBA and G-Lab programsEndeavor Catalyst, and participation in Immersion Tours. The entrepreneurs have also been active in referring future candidates to Endeavor’s selection pipeline

Read the full press release from Pozitron by clicking here and read TechCrunch’s coverage of the announcement by clicking here.

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:

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