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Mobile gift card provider Gyft, founded by Endeavor Entrepreneur Vinny Lingham, recently announced its acquisition by First Data, a payment technology solutions provider. Based in San Francisco, Gyft has been boosted by recent funding and new merchant onboarding, […]
August 1st, 2014 — by adminRead more
In the news
EY hosted its annual World Entrepreneur Of The Year event this month in Monte Carlo, Monaco, convening business leaders from more than 145 cities across 60 countries. Since its inception in 1986, EY’s Entrepreneur Of […]
June 18th, 2014 — by adminRead more
Latest Video(video) Endeavor CEO Linda Rottenberg Featured On Fox Business’ After The Bell
July 15th, 2014
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:
Endeavor Entrepreneur company Conexia, a healthcare IT service that digitizes medical transactions, recently announced the purchase of a plot of forest land in La Fidelidad National Park in Argentina’s Gran Chaco region. Founded by Sebastian Letemendia and Luis Navas, Conexia has a plan to reduce its carbon footprint by 5% by 2014, and decided to purchase the plot of forest in order to mitigate the environmental impact of its first 25 years of business. As a certified ‘B Corporation’ by B Lab, an NGO that evaluates corporate social and environmental performance, Conexia’s announcement demonstrates how successful entrepreneurs can give-back to their communities as part of Endeavor’s network and model.
Spread across 150,000 hectares of land in the country’s northern region, La Fidelidad was established through the efforts of NGOs and environmental advocates seeking to protect the area’s rich biodiversity and wildlife. To fund the protection of the park, public donors are allowed to choose and contribute to specific areas of land they want to preserve.
Learn more about Conexia’s business:
McKinsey on Society’s “Entrepreneurship Without Boundaries” Series Features Insights from Members of the Endeavor Network
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.
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.
Global Entrepreneurship Week (GEW) kicked off last Monday, November 18th with a slew of activities in celebration of the innovators and leaders who are transforming economies and promoting ecosystems of entrepreneurship worldwide. Taking place each November, GEW works with supporting organizations in dozens of countries to organize events for local entrepreneurial communities, fostering opportunities for collaboration, discussion and inspiration.
On social media, Endeavor Twitter handles globally participated in a campaign initiated by the Endeavor Turkey office, sharing dozens of insightful quotes from Endeavor Entrepreneurs with the hashtag #EndvrTale. See a selection of the top tweets from the campaign below or by clicking here. In addition, Endeavor co-founder and CEO Linda Rottenberg contributed her insights to CNBC’s special report on “The Global Entrepreneurial Revolution”, a media series created in partnership with GEW. Rottenberg explains why economic downturns are often optimal times for entrepreneurship in her full article here.
Below are highlights of Endeavor’s GEW activities in a selection of countries where the organization has an established or growing presence.
Endeavor Argentina hosted two main events during GEW which included a “Startup Camp” that convened over 4,000 participants for an online and digital program that offered educational and support services to participating startups. Another signature event led by Endeavor Argentina produced one of the largest gatherings to occur during GEW in Buenos Aires. The “Entrepreneurs Day” brought together over 5,300 registrants in a full day of activities supported by more than 30 partner organizations and featuring 60 activity sessions focused on entrepreneurial development.
Endeavor Brazil helped to organize and support GEW activities across the country, convening top policymakers, business leaders and influencers to inspire the entrepreneurial community in the region. Events in the cities of São Paulo and Minas Gerais featured prominent public officials, including the governors of each city, and drew top media outlets and hundreds of participants to celebrate the week’s kick off. A second flagship event brought together seven founders and CEOs from major Brazilian corporations to offer strategic advice to the 800 attendees and 27,000 online visitors looking to explore their own business development.
This year, Endeavor Colombia was selected to chair the GEW articulating committee for the nation’s local events. The initiatives led by the articulating committee resulted in 60% more activities organized throughout the country compared to previous years. Endeavor Colombia’s efforts supported one event in particular entitled “Next Bank LatAm”, the first collaborative conference on innovation and disruption dedicated to technology startups developing financial solutions throughout Latin America. Taking place in Bogotá, the conference brought together business leaders and startups from across the region.
Endeavor Egypt supported a two-day summit entitled “RISEUP Egypt” during GEW, which showcased and celebrated Egyptian entrepreneurs as they shared success stories and networked with other members of the country’s entrepreneurial community. The event featured a mixture of keynotes, panels, roundtables and workshops, as well as a startup trade fair and a final celebratory party. In addition to the events, Endeavor Egypt launched a new “eNSPIRE” speaker series to promote the region’s entrepreneurial spirit through short TEDx-style talks given by Endeavor Entrepreneurs and mentors.
For the third year, Endeavor Jordan partnered with INJAZ, a non-profit youth organization, and Endeavor Entrepreneur company Akhtaboot during GEW to organize workshops geared towards equipping young adults with entrepreneurial and managerial skills. This year’s workshop focused on providing participants with advice around successful interview tips and smart hiring choices. Hosted by Akhtaboot, the workshop is a part of the company’s social responsibility initiative which aims to conduct specialized training programs that help adults across the region develop work skills.
Endeavor Lebanon hosted two activities at the American University of Beirut as a part of GEW. A main event invited four high-impact Endeavor Entrepreneurs including Marc Dfouni, Elie Habib, Brahms Chouity, and Jad Khoury to present inspirational talks on their businesses to students at the university, followed by a question and answer session and a networking cocktail reception.The goal of the session was to present an opportunity for students to gain practical insights about the entrepreneurship community in Lebanon through networking and dialogue.
With over 100 supporters organizing activities all across the country, highlights of Mexico’s GEW included signature events that took place at three universities in Mexico City, drawing nearly 1,100 attendees. These events included a keynote by the U.S. Ambassador to Mexico Anthony Wayne, who spoke on the U.S. support of Mexican entrepreneurs, followed by a feature on television network FOROtv. Activities in Mexico this year were organized around key themes including technology, women entrepreneurs, childcare, and student entrepreneurs.
Endeavor South Africa hosted the local GEW with three key events across the country. In the city of Johannesburg, the office organized a “Getting Social” event to celebrate Venture Corps and Endeavor Entrepreneurs by convening marketing experts to discuss digital media strategies. A second event themed “Collaborate, Not Compete” brought together high-impact entrepreneurs and young African entrepreneurs to network and knowledge-share. In Cape Town, Endeavor South Africa hosted the “Guy Lundy Inspiration Breakfast”, which featured a keynote by the top South African strategy consultant. In addition, Endeavor South Africa supported over 40 other regional activities.
Working with multiple partner organizations to promote over 140 activities across the country, Endeavor Turkey served as the local host for the region by kicking off the week with an opening ceremony and press conference held at the Istanbul Stock Exchange. The office also organized the third annual Good Initiative Summit, featuring a workshop which convened 200 participants and four keynote speakers to explore the concept of high-impact entrepreneurship. In addition, Endeavor Turkey brought together the region’s entrepreneurs by organizing activities that include a training program for angel investors and a special panel for the Aspen Institute’s Partners for a New Beginning Summit.
Endeavor Uruguay organized two main events for the week. The “Más Emprendedoras” workshop focused on the topic of accessing smart capital and brought together experts, entrepreneurs and over a hundred attendees. The subsequent “Experiencia Endeavor Elevator Pitch” event convened five entrepreneurs to demonstrate best practices for business pitches followed by a networking session that allowed attendees to present their own ideas to Endeavor mentors. A networking reception following the event hosted Endeavor board members, mentors and entrepreneurs.
Endeavor corporate partner SAP recently released a video introducing their Emerging Entrepreneurship Program, which seeks to support small and medium-sized businesses with social impact in emerging markets scale through mentoring and technology donations. The program has initially focused on India and Brazil, where Endeavor Brazil has played an important operational role in getting the program off the ground.
To learn more about the program and SAP’s commitment to emerging markets, click on this link and see the video below.
Each summer Endeavor sends a number of incoming and second-year MBA students, recruited from top schools, to work on-site with Endeavor Entrepreneurs on projects ranging from strategic planning to market expansion. The program is supported by a generous grant from Barclays. Following is a post from Tammy Wu, a member of the Cornell-Queen’s Executive MBA Class of 2014, who spent the summer working with Endeavor Entrepreneurs at Brazil’s MXT. For more photos of Tammy’s experience, click here.
The Global Business Project is the culminating project for our program. It’s where we tie together concepts from across courses in a real international setting. Each team is required to find its own management consulting project outside of North America, and to work with that client over many months.
Our team developed seven different project opportunities, ranging in location from India to Dubai to Brazil, with industries as different as import/export of foods, solar energy, and pharmaceuticals. In the end, we selected a tracking technology company in Brazil called MXT. We wanted a project where our client would be engaged at the senior management level, and where our inputs would be meaningful. We wanted to ensure that our team, with its breadth of experience across functional areas, could add value by applying their career experience in a new environment. We hoped to be involved in a project that provided social benefit, and on top of all that, we wanted to have fun!
Even with such high hopes, the project completely exceeded our expectations. It was a highly rewarding experience to work on-site at MXT, and to interact with incredibly passionate people. As part of the project engagement, our team led a workshop, and the level of involvement and interest that was displayed by MXT staff was simply phenomenal. Moreover, our team was completely blown away by the extent of warmth and hospitality that was extended towards us.
Thanks to Endeavor Global and Endeavor Brasil for making the connection between our team and MXT. Endeavor is a non-profit organization committed to developing high-impact entrepreneurship across the globe. http://www.endeavor.org/
We are grateful to Gustavo Travassos, the founder of MXT, and the MXT senior management team, for this project experience. Our team has learned much about the opportunities and challenges of doing business in Brazil, as well as the joys and trials of entrepreneurship. We are back at home, inspired and excited for what lies ahead, both for MXT, and for our own business and career endeavors!
Enova, an Endeavor Entrepreneur company, was honored with the Microsoft Education Award at the 2013 Tech Awards this month in San Jose, CA. Founded by Endeavor Entrepreneurs Jorge Camil, Mois Cherem Arana and Raúl Maldonado, Enova brings technology-based learning to disadvantaged communities throughout Mexico by designing, building and operating small, cost-effective educational centers called the Red de Innovación y Aprendizaje (Learning and Education Network). By providing e-learning courses to children and adults in a wide range of subjects and skills, the organization seeks to transform the lives of low-income Mexicans with digital education.
The Tech Awards program was developed in 2000 by the The Tech Museum of Innovation, recognizing ten international organizations each year that are leveraging technology to address pressing urban and social issues across the categories of education, environment, health, economic development, and young innovation.
Endeavor has supported Enova and its founders with a variety of business development activities since their selection in 2011, including consultations with education experts, mentoring sessions with business leaders and participation in the Endeavor eMBA Program, among other activities. Watch a video of the Enova’s work below.
StudentUniverse Acquisition of WeHostels, an Endeavor Entrepreneur Company, Highlights the Impact of Endeavor
StudentUniverse recently announced the acquisition of WeHostels, a popular mobile app that enables travelers to book value accommodations around the world. Founded by Endeavor Entrepreneur Diego Saez-Gil in 2011, the vision for the company was to revolutionize the travel experience for young, budget-conscious and social-minded users. Touted as the first global social-web company built from Latin America for the world, WeHostels has seen steady success since its founding, with mentions across media outlets including TechCrunch, BBC News, and TheNextWeb among other accolades. With support for seven languages and activity across 800 cities, WeHostels reports 200,000 monthly active users with 80,000 hostels and hotels available for booking in its roster.
Its new parent company, the Boston-based StudentUniverse, provides travel services targeted at students and serves a reported eight million students a year. With the acquisition of WeHostels, StudentUniverse is looking to make headway in the mobile space, taking advantage of the unique platform and social media integration that has set the app offering apart from its competition. While WeHostels will remain a standalone product, Diego will also lead mobile development for StudentUniverse moving forward. WeHostels’ current employees, based across New York and Colombia, will also be joining the StudentUniverse family under the deal.
This announcement is exciting news for the Endeavor network, as it stands as a testament to the opportunities that are created when entrepreneurs like Diego are given access to the right mix of mentors, business networks and strategic advice to help scale their businesses to the next stage. After being selected as an Endeavor Entrepreneur in 2012, Diego has been an active participant in many key learning and support activities provided by Endeavor, including networking events, branding tours, and mentoring sessions.
Earlier in 2013, Endeavor facilitated a day-long event that convened branding experts from MBLM, a global marketing agency, for a brand innovation workshop tailored to WeHostels. Read more about the workshop here and watch a recap video below. In addition, Endeavor provided Diego the opportunity to meet with key investor and industry leaders through events organized by the Endeavor Investor Network, including sessions with influencers like Richard Harris (Travelocity), David Kidder (BionicSolution), and Wences Casares (Lemon.com), among others. Read more about the acquisition on WeHostels’ blog here, including a special thanks to Endeavor “for opening countless doors of opportunity”.
Endeavor Mexico entrepreneurs Luis Garza Sada and René Lankenau founded ADVENIO, a network of corporate daycare centers, with the goal of helping employers in Mexico attract and retain talent by providing working parents with convenient childcare services. The first service of its kind in Mexico, the company is now looking to make a mark in the mobile space with its recently launched Kinedu app, a ” personalized developmental roadmap” tool for parents to record the progress of their children through early phases of growth and learning.
Based on the company’s specialized education program known as the Kinedu System, the app offers users an intuitive interface of instructional videos and tips to help new parents boost the cognitive, social, linguistic, emotional and physical progress of their babies in the critical stage of early development. With this launch, ADVENIO is looking to become a leader in the childcare sector by harnessing the insights of its experienced experts and encouraging parental engagement early on. The app is now available to download in the iTunes store here.
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In the news
- August 1st, 2014
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- (video) Endeavor CEO Linda Rottenberg Featured On Fox Business’ After The Bell
- (video) Endeavor CEO Linda Rottenberg Discusses Her Entrepreneurial Journey in Business Insider
- (video) Endeavor Greece Reports on Youth Job Creation, Focuses on the Need for High-Impact Entrepreneurship
- (video) Linda Rottenberg Discusses Lessons in Entrepreneurship for Stanford’s eCorner Series
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