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Endeavor and Linda Rottenberg Profiled in The Christian Science Monitor

The Christian Science Monitor, a U.S.-based international news publication, recently profiled Endeavor CEO Linda Rottenberg and the story of Endeavor, spotlighting the organization’s journey and its rapidly growing global impact. In particular, the article calls […]

April 16th, 2014 — by admin

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Mexico’s Carrot Raises $2 Million In New Funding Round, Aims to Lead Car-Sharing Market

Mexico-based Carrot, founded by Endeavor Entrepreneurs Diego Solorzano and Jimena Pardo, recently raised $2 million in a series B funding round led by Venture Partners. With participation from Auria Capital  and previous backer Mexico Ventures, the company’s total funding […]

April 7th, 2014 — by admin

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Wences Casares, Endeavor Entrepreneur and Global Board Member, Announces New Xapo Venture

Xapo-Logo

Serial entrepreneur and investor Wences Casares, whose success story has been a testament to Endeavor’s model, recently announced the launch of Xapo, an online wallet and vault application for Bitcoin currency. One of the first entrepreneurs selected by Endeavor, Wences has been involved in a number of successful startup ventures, including Patagon.com, MECK, and Wanako Games, transitioning to serve as a top mentor and angel investor for the Endeavor network.

Capitalizing on the headline-making rise of Bitcoin, a digital currency and payment network introduced in 2009, Xapo is positioned as the the industry’s first company to offer online and offline Bitcoin security with a cold storage vault and virtual wallet protected by proprietary security measures. Xapo’s team is composed of financial and security experts with experience in building financial products and, by offering a wallet and a vault function in one place, the company is streamlining the exchange and savings process for all users.

“When I first learned about Bitcoin in 2009, I immediately saw the promise and utility of the currency and platform,” Wences said in a statement about Xapo. “I believe that a digital currency like Bitcoin could solve the disjointed nature of our world economy, but to do so, it must address two key themes: trust and accessibility.”

The product has already raised $20 million in Series A funding from key partners. This news comes on the heels of the acquisition of Lemon Wallet, Wences’ most recent financial products venture, which was acquired by LifeLock last December in a deal worth $50 million.

Read more about the Xapo launch in Bloomberg News, Wall Street Journal, Re/code and Fortune Magazine.

Endeavor and Lebanon Entrepreneur Company Beesline Profiled in Executive Magazine

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Executive Magazine, a Lebanon-based business news publication, recently featured Endeavor Entrepreneur company Beesline, founded by Maha Arayssi Rifai and Mohamad Arayssi, in a profile on the company’s business model and the impact of joining Endeavor’s network. Selected at the 51st International Selection Panel in Dubai, Beesline develops natural and effective skincare and beauty products derived from bee by-products, building a brand that is now sold at thousands of retail outlets throughout the Middle East region.

The article highlights the steady success of the company, growing from a small family venture in 1993 to a high-impact consumer products brand catering to an international market. Combining their professional backgrounds in pharmacology and chemistry, the founding team of siblings derived many of their product lines from research conducted into organic and sustainable compounds. In two decades, the business has now grown to 180 employees with revenues in the millions, demonstrating the opportunities for scale-up growth and investment in the region.

Since joining the Endeavor network in 2013, Beesline has received strategic guidance on their products and business strategy from local advisory board members and mentors. One recommendation was for the company to focus more on their lines of halal-friendly products in order to drive expansion to other Muslim countries in the region where the market is still niche. In addition, experts at a local Endeavor panel suggested that the company focus more efforts on marketing as well as talent development, areas that the founders are now working on enhancing as they eye plans for future expansion.

Read the full profile in Executive Magazine by clicking here.

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Founders of Beesline at the 51st International Selection Panel in Dubai

Endeavor Entrepreneurs and Mentors Participate in the 2014 SXSW Interactive Festival

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Endeavor Entrepreneurs, Mentors and staff attended five days of networking and mentoring sessions in Austin, TX as part of the 2014 SXSW Interactive festival, a premiere event focused on innovation and cutting-edge technology. In its 21st year, the festival has become a leading incubator of entrepreneurship and creativity, featuring panels, presentations and showcases from top brands, startups and industry leaders. Many members of the Endeavor network have participated in the festival in past years.

Endeavor Entrepreneurs from the Middle East and Latin America were in attendance this year, including Ala’ Alsallal of Jamalon, Selçuk Atlı of Boostable and SocialWire, Manolo Diaz of Yogome, Guibert Englebienne of Globant, Martin Frascaroli of Aivo, Hassan Hamdan of OTS, Tomás Pollak   and Diego Morales of Prey, Mariano Suárez Battán of Mural.ly, Zafer Younis of Modern Media and Eli Habib of Anghami. Many participated in formal and informal networking and mentoring sessions where they had the opportunity to promote their brands and knowledge-share with industry professionals. Endeavor Mentors in attendance included Joi Ito from the MIT Media Lab, Aasil Ahmad of Discourse Analytics, Pablo Salazar Rojo of Naranya Ventures, Jason Costa of Pinterest and Mike Abbott of KPCB, many of whom also spoke on panels throughout the week. In addition, Endeavor Entrepreneurs and Mentors were given access to the Kauffman Fellows VIP Lounge, a common meeting space sponsored by the Kauffman Foundation, and registrations to the annual Hometown Hangover Cure party, sponsored by Austin Ventures.

View the full Endeavor SXSW event agenda for 2014 by clicking here.

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Entrepreneurs gathering for the first day of the festival

MIT’s Latin American Conference Features Members of the Endeavor Network

MITLatAmConfTop members of the Endeavor network recently participated in the Massachusetts Institute of Technology’s (MIT) Latin American Conference, an annual event organized by Sloan School of Management students to promote international development and awareness of the region’s business and investment opportunities. This year’s conference included panel discussions and a Startup Competition that featured Endeavor President Fernando Fabre, Endeavor Entrepreneurs and Board Members Andy Freire and Heberto Taracena, and Miami Board Member Adriana Cisneros.

The one-day event convened over 300 students, business leaders, policymakers, and academics to discuss issues around entrepreneurship, finance, sustainability, and politics as it relates to the region’s growth. This year’s agenda featured panel discussions focused on entrepreneurship success stories, the evolving retail landscape, and business challenges in the region’s markets.

Along with the conference, the 2nd Annual MIT Latin American Startup Competition offered students the chance to compete in teams and develop pitches for their Latin American-focused ventures. Nine teams, representing industries ranging from education to design, participated this year. The team behind Twnel, a B2C mobile messaging app, was named the winner after rounds of deliberations by a judging panel that included Fernando, Andy, Heberto and Adriana.

“It is a great moment to be an entrepreneur in Latin America,” said Antonio Osio, one of the competition’s organizers. “It is nice to see that both Latin American and international students from top MBA programs are increasingly moving away from traditional career paths and launching new startups in the region instead.”

Learn more about the conference by clicking here.

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Judges and participants at the Startup Competition

2013 Endeavor Entrepreneur Summit Video: John Donahoe

This video was filmed during Endeavor’s invitation-only 2013 Endeavor Entrepreneur Summit in San Francisco (June 2013).

In this keynote, eBay CEO John Donahoe speaks about the transformation of retail, bridging the online and offline, and the future of commerce. Under his leadership, eBay has become a global commerce platform and payments leader, with revenue in 2012 of $14.1 billion. Across its eBay, PayPal and GSI Commerce platforms, the company enabled $175 billion of commerce in 2012, which represents about 18% of e-commerce worldwide and about 2% of global retail. The company is also a mobile commerce leader, with a mobile commerce volume of $13 billion and a PayPal mobile payments volume of $14 billion in 2012. With eBay focused on enabling commerce as a partner, not a competitor, Donahoe addresses the importance of founders and entrepreneurs in innovating-at-scale and transforming the traditional retail industry.

March 2014 Newsletter

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

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Endeavor and the EY Corporate Responsibility Fellows Program Receive Media Coverage Across the U.S.

ey_logo_detail copyEndeavor has worked with corporate partner EY to provide tailored business services to Endeavor Entrepreneurs through the  EY Corporate Responsibility Fellows Program, which recently welcomed back its 2013 class from their time abroad. Through the program, EY dedicates the talents and resources of its employees to working alongside Endeavor Entrepreneurs throughout the Americas.  In 2014, the CR Fellows Program was integrated into the EY Vantage Program, which will provide enhanced services through its new classes of EY Vantage Advisors.

Last year’s Fellows spent seven weeks assisting their entrepreneurs and working with them to identify and address key business challenges, at no cost to the businesses served. In its ninth year, the program’s 2013 class of 15 Fellows returned from their assignments in Brazil, Mexico, Argentina, Chile and Colombia after providing more than 4,400 hours, or more than $500,000, worth of services. Since completing the program, the 2013 class continues to gain media attention for their innovative work with Endeavor’s emerging market entrepreneurs. To learn more, read EY’s full press release by clicking here.

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Members of the 2013 Class of EY CR Fellows

AccountingWeb, a website that provides accounting industry news, and the Pittsburgh Post-Gazzette  highlighted  the work of Fellow Elise Saur during her seven-week fellowship in Brazil with Endeavor Entrepreneur company Tecverde, founded by entrepreneurs Caio BonattoBeto Justus and Lucas Maceno.  Saur  leveraged her expertise to advise on the specific business needs of Tecverde, which offers eco-friendly building and construction solutions, while also gaining experience across an international market.

“EY offers an opportunity to help entrepreneurs at the most important time in their growth and I really wanted to be a part of that,” Saur said on her decision to join the program. Read the full AccountingWeb  article by clicking here and the Pittsburgh Post-Gazzette feature by clicking here. Elise’s story was also covered by CPA Practice Advisor, Lakeland, FL’s The Ledger and Knoxville, TN’s News Sentinel.

Accounting Today another accounting industry news site,  featured EY Senior Manager Karen Correa’s work as a Fellow with Mexico-based Endeavor Entrepreneur company Gruindag, founded by Armando Tortoledo and Pedro Zarur Ménez. In the article, Correa applauds Endeavor and EY’s partnership for allowing entrepreneurs the opportunity to access professional services free-of-charge while also providing Fellows with the chance to gain hands-on field experience. With Gruindag in particular, a chemical products company, Correa helped to create a system for tracking growth while also helping to streamline its strategic business approach. 

“As I look back at the program, I realize that I had a very limited understanding of the impact of the entrepreneurial community on the economies and growth of emerging countries,” Correa reflects. “The entrepreneurs work with tremendous integrity and passion, fueled by love for what they do, their people and their country.” Read the full post on Accounting Today by clicking here.

Culver City, CA’s local news outlet, the Culver City Newsprofiled the work of Fellow and local resident Priyanka Garg while also highlighting the over 30,000 hours donated by Fellows to entrepreneurs in the Endeavor network since 2005. Garg, an advisory manager at EY, worked with Chile-based Endeavor Entrepreneur company Inzpiral, founded by Pablo Godoyto develop a sales strategy and define a value proposition for the growing software business.

In reference to Endeavor and EY’s corporate partnership, Endeavor CEO Linda Rottenberg said: “Together, EY and Endeavor help unleash the tremendous social and economic value of high-impact entrepreneurs, particularly in creating jobs and generating significant revenues.”

Endeavor Malaysia Marks Milestones with First Entrepreneur Selection and Global Grant

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Endeavor Malaysia, officially launched in October of 2013, recently achieved a few milestones as Endeavor’s second country office in Southeast Asia, illustrating the organization’s rapidly growing presence in the region. Highlights include the selection of Malaysia’s first entrepreneur into the Endeavor network, a grant from the JPMorgan Chase Foundation to support global and local development effortsand news of the sale of Board Member Mark Chang’s JobStreet.com.

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As the country’s first Endeavor Entrepreneur, Hakim Karim, founder of GridMarkets, was among 16 high-impact entrepreneurs selected at the 52nd International Selection Panel in Jakarta. Launched in 2013, GridMarkets is a B2B exchange that allows companies with large in-house data centers to recover costs from servers that sit idle during off-peak periods by “renting” them out to other businesses. As an alternative to the traditional data marketplace, GridMarkets aims to help clients eliminate waste and maximize efficiency by allowing them to buy and sell server capacity on an as-needed basis. With the demand for data storage skyrocketing worldwide, GridMarkets’ model presents an innovative exchange solution for clients while also spotlighting the region’s emerging tech industry.

JP Morgan

A recent grant for Endeavor Global from the JPMorgan Chase Foundation will help accelerate the impact of Endeavor in Malaysia, focusing the efforts of both the global and local offices in screening and selecting top candidate entrepreneurs. With this support, global staff will be able to maximize their work with Malaysia’s team to continue expanding Endeavor’s presence in the region. In addition, there will be an effort to recruit more local mentors into the VentureCorps network - a critical component of the Endeavor model.

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Further highlighting the growing entrepreneurial culture in Malaysia, local Board Member Mark Chang recently announced the acquisition of his company JobStreet.com, the largest online employment site in the region, for $524 million by the Australia-based Seek.com. One of the largest Internet deals in the region, the acquisition demonstrates a mounting interest among global corporations to claim a stake in Asia’s emerging markets. Read full coverage of the acquisition news in the Wall Street Journal by clicking here.

Colombia’s Refinancia Announces Majority Acquisition By Encore Capital; Plans Expansion in Latin America

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Refinancia, founded by Endeavor Entrepreneur and Colombian Board Member Kenneth Mendiwelson, recently announced news that the California-based Encore Capital Group has purchased a 51% stake in the company. An entrepreneur success story in Colombia, Refinancia’s announcement demonstrates the growing interest in emerging Latin American markets and the role of entrepreneurs in attracting global investments to the region. Refinancia, a specialty loan servicer that provides alternatives to consumers in need of specialized credit solutions, has supported over a million clients facing issues of financial re-entry and credit access.

An international, publicly-traded specialty finance company, Encore Capital has operations spanning seven countries working to provide debt recovery solutions for consumers and property owners across a broad range of assets. With the purchase of a stake in Refinancia, the Group is looking to consolidate its operations in Latin America while also expanding its reach into the region’s growing economies. Refinancia will gain the analytic and operational expertise of Encore as it continues to maintain its customer focus and strengthen its range of financial services.

Since his selection as an entrepreneur in 2008, Kenneth has been a testament to Endeavor’s model, scaling Refinancia into a multi-national company and multiplying his impact by becoming a board member and mentor for future generations of Endeavor Entrepreneurs. He has also been active in recommending entrepreneurs into the search-and-selection pipeline, serving as a panelist at ISPs, and working with MBA students through the eMBA Program.

Read the full press release of the news by clicking here.

Members of the Endeavor Network to Participate in GigaOM’s Structure Data 2014 Event

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From March 19-20th in New York City, GigaOM, a top technology-focused media outlet, will convene 900+ big data practitioners, technologists and executives at its Structure Data 2014 event. This year’s event will include  a session on “Analytics Without Limits” moderated by Endeavor Global Board Member Nick Beim. Egyptian Endeavor Entrepreneur Amr Shady of TA Telecom will be interviewed by Endeavor’s Director of Network & Business Development Shaun Young on big data’s growing role in the African market. In addition, GigaOM CEO Paul Walborsky, an active Endeavor Mentor, will be opening and closing the conference.

A prominent annual industry event, Structure Data provides participants with a forum to  examine how big data can drive business development and success. Experts from tech, healthcare, media and financial services and more will gather to discuss how the world’s biggest and most innovative companies are using data to make better products, build bigger profits and change the world. Speakers this year represent top brands like LinkedIn, Uber, Airbnb, Ford, Guess and Amazon, and include Dennis Crowlery (Foursquare), Ari Gesher (Palantir Technologies) and Julie Brill (FTC).

Register here today to claim discounted tickets through Endeavor.

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