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Colombia’s Bodytech Named EY Entrepreneur of the Year in Colombia

Nicolas Loaiza Galeano and Gigliola Aycardi Batista, Colombian entrepreneurs and founders of Bodytech, were recently named EY Entrepreneurs of the Year in Colombia, recognizing the company’s innovative business model and impact on the region’s economy. The chain […]

October 29th, 2014 — by admin

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Argentina’s Satellogic Featured at Wired UK Conference; Highlights the Potential of the Space Industry

Argentina’s Emiliano Kargieman, an Endeavor Entrepreneur selected at the 54th Endeavor ISP, recently spoke at the WIRED2014 conference about transforming the space industry with his company Satellogic. Seeking to make space accessible to all, Emiliano’s […]

October 28th, 2014 — by admin

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Linda Rottenberg Appears in Top Media Outlets to Discuss “Crazy Is A Compliment” and Share Stories of Endeavor Entrepreneurs

CrazyMediaEndeavor CEO and co-founder Linda Rottenberg’s first book “Crazy Is A Compliment: The Power of Zigging When Everyone Else Zags” was released in October, bottling 17 years of insights and anecdotes from her work with nearly a thousand of the world’s best high-impact entrepreneurs. As part of the its release, Linda has appeared in a number of top media outlets – including Fortune Magazine, the Wall Street Journal, CNBC, MSNBC and Fast Company – to share lessons from the over 40 Endeavor Entrepreneurs highlighted in the book.

In “Crazy Is A Compliment”, Linda expresses the idea that entrepreneurship is not just for entrepreneurs anymore. Whether it’s an employee at a Fortune 500 company, a nonprofit, or a mom-and-pop shop, everyone needs to think and act like a changemaker in order to create their own success stories. She draws on her unique experience to show readers how they can take manageable steps to achieve their dreams, utilizing an insightful blend of inspiring stories and practical tips for getting started, going big, and going home.

As part of these lessons, Linda spotlights some notable Endeavor Entrepreneurs from around the world and their successes, including:

 

Since its release, “Crazy Is A Compliment” has been named a top business book for the fall by Fortune Magazine and Business Insider, reaching #11 on the New York Times’ best sellers list as well as the top 50 books on Amazon.com. Learn more about Linda’s appearances in the media and hear her discuss lessons from the book by clicking here.

You can also join Linda’s #TeamCrazy on social media with the hashtag #CrazyIsACompliment to discuss the book. In addition, you can join the likes of LinkedIn’s Reid Hoffman, AOL’s Steve Case and other top entrepreneurs by sharing your #MyCrazyMoment video.

In the Media – Linda Rottenberg

October 2014 Newsletter

OctNewsletterTo view Endeavor’s October 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.

WeXchange 2014 Forum Empowers Female Entrepreneurs with a Focus on Latin America

1919650_669277579815095_9025990230053879794_nWeXchange is a platform dedicated to promoting the development of female entrepreneurs with a focus on Latin America by providing key networking, mentoring and growth opportunities. The 2014 WeXchange Forum will take place December 11th-12th in Miami, FL as the premiere gathering for stakeholders and audiences interested in Latin American entrepreneurship and the empowerment of women-owned businesses. This year’s event will take place after the 56th Endeavor International Selection Panel in Miami and feature keynotes from Endeavor co-founder and CEO Linda Rottenberg as well as Endeavor Entrepreneur and Beleza Natural CEO Leila Velez.

Find out more about the event, as well as registration details, by visiting www.wexchange.co.

The Power of Scale-Ups: Harvard Business Review and the World Economic Forum Spotlight High-Impact Entrepreneurship

WEF HBR

Scale-up companies, defined by Endeavor Insight as companies more than three years old with a minimum of 20% average annual employment growth, have become a major force in transforming economies around the world. Bringing focus to the power of scale-ups, the Harvard Business Review recently featured an article co-authored by Endeavor President Fernando Fabre and Babson College professor Dan Isenberg emphasizing scale-ups, not start-ups, as the main drivers of economic change. The article takes a specific look at The Global Scale Up Declaration, an effort formed between top entrepreneurship influencers to offer a rallying point for the movement. Sign and share the Declaration at ScaleUpDeclaration.org and join the social conversation with #ScaleUpDeclaration.

In addition, a recent World Economic Forum report titled “The Bold Ones – High-Impact Entrepreneurs Who Transform Industries” takes an in-depth look at the power of high-impact entrepreneurs and their role in innovating industries worldwide. Drawing from surveys of entrepreneurs in EY’s Entrepreneur of the Year program as well as research from Endeavor, the report provides insight on how these entrepreneurs and their scale-up ventures accelerate access to new markets and become leading businesses that create high-value jobs.

In the HBR piece, Isenberg and Fabre emphasize that, despite the buzz around “startups”, the U.S. has experienced a decades long decline in entrepreneurship. Instead, more and more American companies are surviving and growing beyond 16 years. These growing businesses – known as “scale-ups” – represent the kind of long-term entrepreneurship that improves societies, jobs, quality of life, and innovation. Entrepreneurial scale-ups are companies – young or old – which are run and owned by growth-driven leaders, and which at any stage of their lives may launch a new growth trajectory. New startups are easier to count, but they alone don’t have the positive impact on economies that growing a company does. As a result, in advance of November’s Global Entrepreneurship Weekthe Declaration was developed in a coordinated effort to focus more of the entrepreneurship conversation on scale-ups and their positive impacts.

View the full HBR article by clicking here.

The WEF report found that the over 600 companies in the sample (1/10,000th of the total number of U.S. companies) have created over 160,000 jobs in just the last two years (nearly 1/20th of the total U.S. economy). These ventures have outperformed comparable financial indices by a substantial margin and have created significant wealth for owners, employees, and customers. In addition, the report features insights from Endeavor CEO and co-founder Linda Rottenberg, who is recognized as an early pioneer of the high-impact entrepreneurship movement.

Read and download the full report by clicking here.

The Global Scale Up Declaration – Join the #ScaleUpDeclaration Conversation

To accelerate and highlight the scale up conversation, with a group of entrepreneurship influencers, we have developed this Scale Up Declaration, which we offer as a rallying point for what the entrepreneurship discussion should focus on, and what that can accomplish. Sign and share the Declaration today!

Endeavor Entrepreneurs from Greece, Indonesia and Malaysia Speak at the 2014 ASEAN Business Club Forum in Singapore

ASEANThe 2014 ASEAN Business Club Forum took place in Singapore this month and brought together more than 300 business leaders from across the Asia Pacific region to tackle issues in trade, industry and economic development. Endeavor Entrepreneurs from Greece’s Out There Media, Indonesia’s Kartuku and Malaysia’s GridMarkets were invited to speak at the event to address innovations in their respective industries and the impact of entrepreneurship in the region. 

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Endeavor VP Cindy Ko speaking at the 2014 ABC Forum

 ASEAN (Association of Southeast Asian Nations) is a ten-member bloc which includes such countries as Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar, and Vietnam. The organization aims to accelerate economic growth and promote political and social progress among its members.  The Business Club Forum is ASEAN’s leading business event focused on private sector growth and the acceleration of the organization’s regional agenda. Top executives, entrepreneurs and policymakers from an array of industries gathered to identify barriers and opportunities to the ASEAN Economic Community. Among them, Endeavor’s VP of International Expansion Cindy Ko discussed recent Endeavor Insight research on the growth of Silicon Valley and the impact of “entrepreneurial mafias” in supporting ecosystems of startups and scaleups.

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Endeavor network members with AirAsia’s Tony Fernandes

Serving as an example of Endeavor’s global network, Greece’s Kerstin Trikalitis, co-founder of mobile advertising solutions firm Out There Media, was given the opportunity to present an “Idea Capsule” talk on location-based mobile marketing  strategies. Indonesian entrepreneur Niki Luhur, founder of Kartuku, presented on the cashless payment and digital transaction industry, drawing on his experience developing and promoting Kartuku’s innovate payments network. Endeavor Malaysia’s first entrepreneur and GridMarkets founder Hakim Karim discussed his company’s business model and the untapped potential in the data server sector. In addition to the entrepreneurs who spoke, Endeavor Malaysia Board Member, Forum Chairman and AirAsia CEO Tony Fernandes gave a featured keynote stressing the importance of cooperation between the public sector and private businesses in the region.

Learn more about the 2014 ASEAN Business Club Forum by clicking here and see the links below for videos of each talk.

Jordan’s The Online Project Named A Top 40 Social Media Agency by R3 Worldwide

the online projectJordan’s The Online Project, founded by Endeavor Entrepreneurs Zafer Younis and Ramzi Halabywas named a top social media agency to work for by consulting firm R3 Worldwide in their “Social 40″ ranking. As the Middle East’s leading social media agency, The Online Project develops and executes social media strategies for Fortune 500 companies and high profile organizations operating in the region.

Founded in 1972, R3 Worldwide is a top consultancy specializing in agency management consulting, with on-the-ground representation in Asia Pacific, Europe and Latin America. The company’s Social 40 list is a new initiative that  celebrates 40 of the most creative and innovative social/digital agencies around the world.  The selection criteria consisted of  quantitative and qualitative analysis that looks for proven client results, creative strategy, and a global reach. R3 screened over 100 companies against the criteria for the Social 40 ranking.

Ramzi and Zafer Younis co-founded both Modern Media, an independent radio broadcasting company, and The Online Project. Endeavor Insight’s analysis of Amman’s tech sector found that Ramzi and Zafer have mentored or inspired the founders of 16 different Amman tech companies. Since selection by Endeavor in 2010, the pair have received services regionally and globally, having attended three Endeavor SXSW tours. The entrepreneurs have also given back to Endeavor – Zafer has twice served as a panelist at ISPs and donated to Endeavor Jordan.

See the full Social 40 list by clicking here.

Endeavor Catalyst Participates in Recent Funding Round for Uruguay’s Scanntech

Endeavor-Catalyst-LogoEndeavor Catalyst recently joined the funding round for Uruguay’s Scanntech, a leading technology platform that connects retailers in emerging markets to consumer products companies, financial institutions and more. Marking Endeavor Catalyst’s seventeenth investment, the Scanntech news demonstrates how innovative entrepreneurial ventures are continuing to attract global interest in the world’s most unexpected markets.

scanntech

Scanntech currently operates in seven countries in Latin America and represents the first Uruguay-based company in the Endeavor Catalyst portfolio.  The firm’s latest investment round included the International Finance Corporation, part of the World Bank Group, Sequoia Capital, an earlier Scanntech investor, and other firms. Entrepreneur Founder and Endeavor Entrepreneur Raul Polakof is revolutionizing the way independent and traditional grocery stores in emerging markets integrate with Consumer Goods Companies. The company’s technology platform connects traditional stores with global consumer products companies, financial institutions and telecommunications firms, and government services.

 “We’d like to thank everyone at Endeavor for making this investment happen,” said Polakof, who has been an Endeavor Entrepreneur since 2001.  “One of our goals has always been to show that entrepreneurs can make an enormous difference in emerging market countries.”  The new investment round will fund further expansion across the region, including Brazil, Peru and Colombia as well as into other emerging markets.

Since joining Endeavor in 2001, Polakof has been an active network member, serving as both a mentor and, formerly, as a board member for Endeavor Uruguay. Raul has received local mentorship from Endeavor’s expert advisors with a particular focus on areas of expansion, litigation, and publicity. As an entrepreneur, he has also participated in numerous global workshops, Immersion Tours and Endeavor Summits. As a company, Scanntech has benefited from a range of Endeavor talent programs including the G-Lab program, EY Vantage program and the eMBA program

About Endeavor Catalyst

Endeavor Catalyst is a passive co-investment vehicle that allows Endeavor Global to invest in Endeavor Entrepreneurs in a neutral, unbiased way. The main goal of this program is to use the returns of the investment to support Endeavor’s operations. The fund also contributes to Endeavor’s mission as it promotes professional third-party angel and venture capital investors to take a stronger interest in emerging market investment opportunities. Learn more about Endeavor Catalyst by clicking here.

Harvard Business Review Highlights the Power of Scale-Ups and The Global Scale Up Declaration

hbrThe Harvard Business Review recently featured an article co-authored by Endeavor President Fernando Fabre and Babson College professor Dan Isenberg that puts the spotlight on impact of scale-up organizations and the entrepreneurs behind them. The article takes a specific look at The Global Scale Up Declaration, an effort formed between Isenberg, Endeavor and top entrepreneurship influencers to offer a rallying point for the discussion around entreprenuership. View, sign and share the Declaration at ScaleUpDeclaration.org and join the conversation with #ScaleUpDeclaration.

In the piece, Isenberg and Fabre emphasize that, despite the buzz around “startups”, the U.S. has experienced a decades long decline in entrepreneurship. Instead, more and more American companies are surviving and growing beyond 16 years. These growing businesses – known as “scale-ups” – represent the kind of long-term entrepreneurship that improves societies, jobs, quality of life, and innovation. Entrepreneurial scale-ups are companies – young or old – which are run and owned by growth-driven leaders, and which at any stage of their lives may launch a new growth trajectory. New startups are easier to count, but they alone don’t have the positive impact on economies that growing a company does. As a result, in advance of November’s Global Entrepreneurship Weekthe Declaration was developed in a coordinated effort to focus more of the entrepreneurship conversation on scale-ups and their positive impacts.

View the full HBR article by clicking here.

 

The Global Scale Up Declaration – Join the #ScaleUpDeclaration Conversation

To accelerate and highlight the scale up conversation, with a group of entrepreneurship influencers, we have developed this Scale Up Declaration, which we offer as a rallying point for what the entrepreneurship discussion should focus on, and what that can accomplish. Sign and share the Declaration today!

 

Endeavor eMERGE Dubai Convenes 40+ Entrepreneurs and Network Members to Highlight Human Capital

emergeDubaiEndeavor hosted an Endeavor eMERGE event in Dubai this month, bringing together top members of the network from the MENA region for two days of networking, workshops and discussion. With a particular focus on the development of human capital, the event featured participation from 20+ Endeavor Entrepreneurs and candidates from the UAE, Lebanon, Jordan, Spain and Saudi Arabia, as well as a number of industry and business leaders.

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The first night’s networking dinner

The event kicked off with a networking dinner that gathered nearly 40 attendees, including the entrepreneurs, Endeavor staff and board members, for an informal introductory meeting. Notable members of Endeavor UAE‘s board, including Fadi Ghandour, Noor Sweid, Souheil Hajjar and Board Chairman Patrick Chalhoub, were also in attendance. A number of cross-border connections were made during the night of networking, most notably between Endeavor Spain Entrepreneur Ignasi Vilajosana, founder of Worldsensing, and members of Endeavor’s MENA network.

Selected into the network in 2014 as the first entrepreneur from Endeavor SpainIgnasi was also invited to keynote the Smart Living City conference in Dubai the same week. As the founder of Worldsensing, a traffic management and infrastructure solutions firm, Ignasi  aims to leverage the concept of the “Internet of Things” by integrating sensor monitoring technology in cities to make them smarter, safer and more efficient.  The Smart Living City event brought together high-level representatives from startups, foundations, corporations and more to highlight the future of urban living and the opportunities for technology and development to intersect. At the eMERGE dinner, Ignasi was able to meet a number of Endeavor Entrepreneurs leading companies that are also leveraging technology in unique and innovative ways. 

During the following day of workshops, Sal Giambanco, partner at the Omidyar Network, led an interactive and engaging workshop on human capital for both Endeavor staff and participating entrepreneurs. The entrepreneurs conducted an organizational  review to identify key talent opportunities based on their business priorities in order to better understand their needs. Sal equipped the entrepreneurs with “tools” to help them assess their human capital and elicit better performance from their employees. In addition, he had them take a look at practical processes they could put in place as leaders to improve feedback and ensure employee satisfaction. He also placed an emphasis on work-life balance, the delegation of responsibilities, and an overall focus on personal health that could easily translate into the professional space. A subsequent Q&A session from the entrepreneurs raised critical questions about real-world business issues with talent management and employee retention.

The day culminated with positive feedback in praise of the event’s networking and learning opportunities, as well as requests for future eMERGE events. Learn more about the Endeavor eMERGE California event that took place in June by clicking here

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A human capital workshop led by Omidyar Network’s Sal Giambanco

 

Mexico’s Kubo.Financiero, A Microfinance Platform, Receives $1.7 Million Investment

kuboMexico’s kubo.financiero recently raised nearly $1.7 million in an investment round led by venture firms Alta Ventures Mexico and  Capital Emprendedor, bringing the company’s total funding to $3.7 million. With this investment, kubo.financiero hopes to continue disrupting the financial sector in Mexico by significantly reducing interest rates to borrowers and creating a new asset class for investors across the region.

kubo.financiero is a pioneer in Mexico’s microfinance sector, offering online financial communities that link creditworthy borrowers with savvy investors through a peer to peer lending (P2P) business model. With a branch-less model that cuts overhead costs, kubo leverages technology and credit information systems that streamline the process of borrowing capital for everyone. kubo’s innovative model and strategic approach aims to encourage a “multiplier effect” for finance that can generate both economic and social impact.

Since its founding in 2012 by Endeavor Entrepreneur Vicente Fenoll Algorta, the company has met with nearly 5,200 credit requests leading to over 1,200 disbursements. Ninety percent of these loans support needs ranging from housing to education. The loans have terms that range from 16 weeks to 18 months, and nearly 95% of customers are paying 50% lower rates versus the ones they previously paid. The new venture firms in this recent round will join an existing group of angels and investors, including previous investors Vander Capital and Wayra.

Vicente joined Endeavor as an entrepreneur in 2004 as the founder of Fincomun before he went on to start kubo.financiero. With kubo, Vicente and his team have been active members of the network, participating in Endeavor Investor Network events, working with expert mentors, receiving support from the EY Vantage and eMBA programs, and giving back to Endeavor Mexico through donations.

Read more about the news by clicking here.

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