High-Impact Entrepreneurship

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World Economic Forum Report on High-Impact Entrepreneurs Highlights Endeavor’s Role and Research

The World Economic Forum recently released a new report titled “The Bold Ones – High-Impact Entrepreneurs Who Transform Industries” that takes an in-depth look at the power of high-impact entrepreneurs and their role in transforming […]

September 10th, 2014 — by admin

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Endeavor Saudi Arabia Celebrates the Impact of Endeavor, Convenes 200+ Influencers

In May, Endeavor Saudia Arabia brought together more than 200 entrepreneurs, business leaders and policymakers in a gala event that celebrated the official launch of the affiliate, which was announced in 2012. The event took […]

May 27th, 2014 — by admin

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MSA- Endeavor Turkey Company- Hosts International Cooking Competition

MSA, an Endeavor Turkey company, recently hosted the Chaîne des Rotisseurs’ 37th annual Jeunes Chefs Competition at their Istanbul cooking facility.

Chaîne des Rotisseurs is an international association of gastronomy with over 25,000 members in 70 countries. Its annual competition challenges young chefs (under the age of 27) to prepare a three-course meal using surprise ingredients they receive in a “black box.” Competitors are then scored by two sets of judges: a group that oversees preparation in the kitchen, and a group that rates the taste and plating of finished dishes.

This year, Chef Jan-Philippe Berner (Germany) won the Gold Medal, Chef Jimmi Eriksson (Sweden) received the Silver medal, and Yusuf Kızılırmak from Le Meridien İstanbul won bronze, becoming the first chef from Turkey to receive a medal at Chaîne des Rôtisseurs.
Founded by Mehmet Aksel, MSA is a state-of-the-art culinary institute that graduates about 600 chefs per year. In addition to hosting the Jeunes Chefs competition, MSA invited competitors, judges, and committee members to a welcome dinner at their Okulun Mutfağı restaurant. MSA instructors and students prepared, cooked and served guests a three-course traditional-style Turkish menu with a modern touch.

2013 Endeavor Gala Honoring Sir Richard Branson – November 8th

On Friday, November 8th, join 500+ entrepreneurs, business leaders, and Endeavor board and network members in the heart of Manhattan for an unforgettable party: the 2013 Endeavor Global Gala honoring Sir Richard Branson, Founder, Virgin Group. To ask a question, become a sponsor, purchase a ticket or table, or make a donation, email gala@endeavor.org. All Gala proceeds support Endeavor’s work with high-impact entrepreneurs, as well as its efforts to expand to 25 markets by 2015.

The Gala will celebrate 16 years of high-impact entrepreneurship and honor Sir Richard with the High-Impact Entrepreneur of the Year Award. The program includes a cocktail hour and dinner, an onstage Q&A with Sir Richard, a musical performance by Atlantic Records recording artist Lauriana Mae, and a not-to-be-missed after-party.

Make a donation in support of the Gala or in honor of Sir Richard here.

2013 Endeavor Gala - Email Invitation 10.29

Make a donation in support of the Gala or in honor of Sir Richard here.

September 2013 Newsletter

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

Reminder: To receive our monthly newsletters by email, please enter your email address in the sign-up box at the bottom of our homepage.

 

Help make Daily Secret’s 2014 SXSW panel about “Templating Creativity” a reality!

Help make Daily Secret’s 2014 SXSW panel about “Templating Creativity” a reality! Go to the website, sign up, and cast your vote before voting closes at the end of this week!

Last year, Daily Secret made its SXSW debut, with Endeavor Entrepreneur Nikos Kakavoulis giving a talk about “Growing a Business in a Submerged Economy (Greece).” Take a look at the Slideshare from that session, and you will notice the not-so-secret fact that this last year has treated Daily Secret well!

From 16 full-time editions reaching over 300,000 influencers in March 2013, Daily Secret now boasts 38 editions reaching 1.5 million influencers across 22 countries. At this 2014 SXSW panel, the CEO and Founder of Daily Secret will explain how his company looked into the black box of its “creative process” and has managed to create an authentic product at scale.

 

E-finance Marketplace ComparaOnline Raises $11 million: Endeavor Catalyst Participates in Funding Round

ComparaOnline.com, the leading insurance and financial services marketplace website in Latin America and an Endeavor Entrepreneur company since 2012,  has raised $11 million in Series B financing.  The company was founded and is led by CEO Sebastian Valin, an Endeavor Entrepreneur from Chile who was selected in 2012. Ribbit Capital, a venture capital firm focused on the financial services industry, led the investment with participation from Endeavor Catalyst, Rise Capital and Series A-backer Kaszek Ventures.

This investment brings ComparaOnline’s total funding to $16 million, the largest amount by any online insurance and financial services company in Latin America.  The rapidly-growing, 200-employee company intends to use the new capital to strengthen its presence in Brazil and Colombia through new talent acquisition and the development of new products and services.

Launched in Chile in 2009, ComparaOnline enables consumers to find and compare insurance and financial products simply and quickly, while helping insurance companies and banks expand their distribution and lower customer acquisitions costs. The site offers users the ability to find and compare products, including auto insurance, travel insurance, consortium finance and credit cards.

“This new funding will enable us to build on our current momentum in fast-growing markets in the region, particularly in Brazil and Colombia. As the leading insurance and financial comparison platform in Latin America, we are able to attract the highest level of talent to create new and innovative experiences for our customers,” said Valin.  “We are thrilled to welcome our new investment partners, as well as existing investor Kaszek Ventures, and look forward to leveraging their decades of industry knowledge and expertise to turbocharge ComparaOnline’s growth across Latin America.”

Having established itself as the top online insurance brokerage in Chile in 2011, ComparaOnline expanded to Brazil and Colombia in 2012, forming partnerships with several of the largest insurance companies and banks in both countries, including Banco Bradesco, Liberty Seguros Brasil, Zurich Insurance Group, AIG, MAPFRE Insurance, HDI-Gerling and RSA Insurance Group.  In early 2013, ComparaOnline entered into a strategic alliance with Buscape Company, Brazil’s E-Commerce leader (founded by Endeavor Brazil board member Romero Rodrigues), under which it acquired Buscape’s financial and insurance comparison brand, CortaContas.com.br.  Today, ComparaOnline continues to benefit from Buscape’s deep understanding of the Brazilian market, and has become the single largest online distributor of insurance and other financial products in Latin America.

“ComparaOnline is transforming the way insurance and financial services are offered to Latin American consumers,” said Micky Malka, founder and General Partner of Ribbit Capital.  “I have enormous confidence that Sebastian and his talented team will establish ComparaOnline as the preeminent online marketplace for financial services in Latin America.  We look forward to helping the team leverage its best-in-class technology to drive innovative customer experiences while building a leading brand and capitalizing on the significant market opportunities in the region.”

 

Endeavor Officially Launches Miami Affiliate: Local Board and New Managing Director Named

Miami, FL September 4, 2013  – Endeavor Global today announced the official opening of its Miami affiliate, the first to launch in the United States. To spearhead the effort, Endeavor has identified nine business leaders for its local board of directors, and chose a new Managing Director, Laura Maydon. Endeavor’s first entry into the U.S. market is strongly supported by the Miami-based John S. and James L. Knight Foundation along with key entrepreneurs from the community.

All Endeavor affiliates are guided by a local board of business leaders, each of whom believes that high-impact entrepreneurship can transform economies.   The Endeavor Miami founding board will be co-chaired by Adriana Cisneros, Vice Chairman of the Board and CEO, Cisneros Group of Companies, and Daniel Echavarria, Director, Organizacion Corona.  They will be joined by Alberto Beeck; Alberto Chang Rajii, President, Grupo Arcano; Matt Haggman, Program Director – Miami, Knight Foundation; Peter Kellner, Founder and Managing Partner, Richmond Global LLC and co-founder of Endeavor Global; Manny Medina, Managing Partner, Medina Capital Partners; Andres Moreno, Founder and CEO, Open English; and Sean Wolfington, Founder, the Wolfington Companies.

“I couldn’t be happier to be working with such a diverse, engaged group of people who all care about the future of Miami’s budding entrepreneur community,” said Cisneros.

The board has recruited Laura Maydon to become Managing Director of the Endeavor Miami affiliate office. Maydon joins Endeavor with more than 15 years of experience developing new products, identifying new business opportunities, driving growth in various industries, including payments and financial services and with a strong M&A and private equity background. Her passion for entrepreneurship started early in her career when she worked first in investment banking and then at a private equity firm screening different businesses and evaluating investment opportunities in the Latin American region. Most recently, Laura worked on developing B2B payment solutions, partnerships and alliances in the region for Visa.

Maydon will immediately begin scoping Endeavor entrepreneur candidates who will be vetted by the local board and ultimately present at one of Endeavor’s upcoming International Selection Panels. Endeavor Entrepreneurs receive access to mentors and an international network of business professionals and resources including professional service firms and educational programs.

“We’re very excited about the prospect of helping talented entrepreneurs in Miami to scale up their businesses,” said Endeavor co-founder and CEO Linda Rottenberg.  “There is a lot of talk about start-ups in Miami but Endeavor plays a unique role in identifying those businesses that are at a key inflection point and helping them to dramatically increase revenue and job creation.”

“The opening of Endeavor Miami’s doors is an important milestone in the city’s rise as an emerging hub for innovators and entrepreneurs,” said Matt Haggman, Miami program director for Knight Foundation and Endeavor Miami board member. “It signals a strong commitment from local leaders who are willing to invest in Miami’s future and who recognize its potential as a place where ideas are built.”

In the past 15 years Endeavor has selected over 800 high-impact entrepreneurs from 15 countries around the world in Latin America, Africa, the Middle East, Turkey, and Southeast Asia. In 2012, these entrepreneurs generated US $6.0BN in revenue and had created 225,000 jobs.

“We look forward to providing entrepreneurs in Miami with same kind of invaluable mentorship that has become Endeavor’s trademark,” said Endeavor co-founder and Miami board member Peter Kellner.

For an informational video about the new Miami affiliate and its board, view above or click here.  For more information on Endeavor Miami, click here to access the affiliate website.

 

In New Book, Endeavor Network Member Chris Schroeder Highlights Emerging Tech Entrepreneurship in Middle East

Endeavor network member Chris Schroeder has published a new book highlighting the quiet revolution in technology entrepreneurship happening across the MENA region.   The book, Start-Up Rising, is the product of dozens of interviews that Schroeder, an internet entrepreneur and venture capitalist, completed across the region.  As part of his work, Schroeder — who spoke at Endeavor’s June 2013 Entrepreneur Summit and has served as an ISP panelist — includes interviews with key Endeavor MENA network members such as Fadi Ghandour and Arif Naqvi and two recently selected Endeavor Entrepreneur companies,  Egypt’s Bey2ollak and Jordan’s Jamalon.

Schroeder traveled to Cairo, Amman, Beirut, Istanbul and Damascus and was impressed by the  thousands of  “talented, successful, and intrepid young entrepreneurs willing to take on political, cultural, legal and societal challenges.”  Equally important, Schroeder saw major regional and international private equity firms, venture capitalists and global tech players like Google, Intel, Cisco, Yahoo, LinkedIn and PayPal making significant investments, despite the uncertainty in the region. He marries his own observations with the predictions of these giants to offer a surprising and timely look at the second stealth revolution in the Middle East — one that promises to reinvent it as a center of innovation and economic opportunity.

The book can be ordered online at Barnes & Noble or Amazon.

 

 

2013 Endeavor Entrepreneur Summit Video: Chris Zook

Bain & Company Partner and acclaimed business writer Chris Zook specializes in helping companies find new sources of profitable growth. He is the author of five books with Harvard Business Review Press and has been named one of the top 50 Business Thinkers by The Times of London. In his keynote, he presents insights and new research—drawing from Endeavor Entrepreneurs—on the unique mentality of founders.

 

Part 1

0:05 Intro to Chris Zook by Fernando Fabre
1:57 Overview of The Founders Mentality introduction
4:40 A World Led by Founder-Led Companies
13:23 Five Elements of The Founder’s Mentality
17:40 Endeavor Entrepreneurs and the Founder’s Mentality

 

Part 2

0:04 Be Aware of the Western Winds
2:33 How to Get the Founder’s Mentality Back
3:16 What to Avoid: Complexity, the Silent Killer of Growth

 

Part 3

0:04 What to Pursue: Repeatability as Path to Maintain a Founder’s Mentality
1:27 Three Examples of Repeatable Models
9:50 5 Dimensions of Founder’s Mentality and 3 Elements of Repeatable Models
12:18 Final Thoughts on The Founder’s Mentality

 

eMBA 2013 Field Report: Becoming One with Acesso Digital — An Adventure That Was Anything But Ordinary

Each summer Endeavor sends a number of incoming 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 Amanda Wu, a member of Cornell’s Johnson School of  Business Class of 2014, who is spending the summer working with Endeavor Entrepreneurs at Brazil’s Acesso Digital:

Arriving in São Paulo at the beginning of winter, which meant 75 degrees Fahrenheit (24 Celsius), I was encountered with a sense of comfort. The Brazilian landscape is one I am familiar with.

During my initial visit with Cornell, six months before my internship, I was fascinated with the people, business environment and culture. I knew I wanted to experience more of what Brazil had to offer. I consider myself lucky to have the opportunity with Endeavor and even luckier with one of the most dynamic companies I have ever encountered, Acesso Digital.

Acesso Digital is a B2B technology solutions leader in document digitalization. The company offers a solution to scan, organize and store digital documents. Acesso understands the importance of digitalization and partners with their clients to help streamline internal processes and to revolutionize corporate culture away from paper.  With some of Brazil’s largest retail, banking and telecommunications clients, Acesso is well positioned to capture the segment. But, Acesso has a bigger dream and that is to become the “most admired company in Brazil”.  Since I was one of Acesso’s first eMBAs, I was eager to help them achieve that dream.

The Endeavor Entrepreneurs, Diego Martins and Paulo Allencastro are everything but ordinary. They have fostered a work environment that is fun, spontaneous and anything but monotonous. Two months prior to my arrival, Acesso moved to a new office and it is spectacular! There are sprawling city views and a  ping-pong table.  Every employee receives a stipend to customize their own desk. Customary sites include: employees getting around the office on a bicycle or scooter, walk into your office and being surprised with balloons and chocolates on every desk, and a golden retriever puppy raffled off as a present to a lucky employee. It is no surprise to me that the company recently ranked number 1 as the “Best IT workplace” in all of Brazil.

For my project at Acesso, I got the opportunity to collaborate with a fellow Endeavor eMBA who recently graduated from Harvard Business School. Our assignment was to bring a new perspective to the entrepreneurs and to develop new business opportunities. Through hosting interviews with Acesso’s top clients, innovation sessions with the leaders and employees, and even meeting with mentors in the Endeavor São Paulo network, it became evident that the new business opportunity would be to restructure Acesso’s product offering. The final result presented to Diego and Paulo consisted of five innovative product ideas, which included business opportunities in new industries, repackaging the current product offering and a completely new perspective of how Acesso can use their product.

As I reflect upon my experience, I only hope that I had a great impact that will propel Acesso to the next level. But the most important thing I realized is the bond I developed with Acesso Digital, Seres Acesso (employees) and Brazil was deeper than imagined. They are all a part of who I am. I am a Ser Acesso and Brazil will always be in my heart. Grandes beijos!

 

EBANX announces partnership with China’s AliExpress

 EBANX, an Endeavor Brazil supported company, recently announced a strategic alliance with AliExpress, an online retailer and an affiliate of the Chinese e-commerce giant AliBaba Group. Through this partnership, Brazilians will now be able to purchase any of the 54 million products offered by AliExpress (everything from car accessories to clothing to electronics) using their preferred local payment method, Boleto Bancario.

Founded in 2011, EBANX is the market leader in e-commerce payment solutions for International Merchants in Brazil. Previously, Brazilians could only make international purchases using international credit cards, which just 36% of the population has access to. Using EBANX, however, Brazilian consumers can buy foreign products using their preferred local payment method- Boleto Bancario, Domestic Bank Transfers (TEF), or Credit Cards, connecting them to the global e-commerce market. EBANX collects payments locally and transfers funds to merchants internationally with the fastest remittance method in the market today.

Ebanx founders Alphonse Voigt, João Guilherme Del Valle, and Wagner Ruiz were selected by Endeavor in December 2012.

 

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