In a wide-ranging TV interview, Knight Foundation Program Director Matt Haggman speaks about Endeavor’s upcoming launch in Miami and what led the Foundation to lend its support.
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World Economic Forum Report on Entrepreneurial Ambition Features Insights from Endeavor Entrepreneurs
A report produced by the World Economic Forum, the Global Entrepreneurship Monitor and Endeavor examines the concept of entrepreneurship in three dimensions: early-stage entrepreneurial activity, growth-oriented entrepreneurship and innovation-based entrepreneurship. The study aims to develop a useful framework for policymakers to understand […]
January 27th, 2015 — by adminRead more
In the news
South Africa’s wiGroup was recently honored with the 2014 PwC Vision to Reality Award, which celebrates dynamic companies in the technology sector that have demonstrated growth and innovation. wiGroup’s mobile transactions application is leading the region’s point-of-sale sector […]
September 23rd, 2014 — by adminRead more
Latest Video(video) Endeavor Greece Celebrates Two Years and 3,500+ Jobs Created By Its Entrepreneurs
December 18th, 2014
During a recent visit to Mexico, New York Times’ columnist Thomas Friedman spent time visiting with Endeavor Mexico MD Pilar Aguilar and a number of Endeavor Entrepreneurs. These visits strongly influenced a column he went on to publish about the positive side of things in Mexico. Friedman writes that the country continues to have many challenges but that there is great hope in “what Mexico is doing right.” Friedman turned to examples of innovative entrepreneurs he met in Monterey and explained that these individuals have chosen to pursue their dreams and build successful companies despite a seemingly difficult environment. Among them were Arturo Galvan of Naranya, Patricio Zambrano of Alivio (a spin-off company of Imagen Dental) and Raul Maldonado of Enova.
The complete column is available on the New York Times’ website here.
Endeavor Entrepreneurs Sebastián Valin (ComparaOnline.com, Chile), Diego Saez-Gil (WeHostels, Colombia), and Nikos Kakavoulis (Daily Secret, Greece) will participate in SXSW Interactive sessions around emerging/submerging market entrepreneurship.
Building Successful Teams in Latin America
Friday, March 8
3:30PM – 4:30PM
Austin Convention Center
500 E Cesar Chavez St
Latin America is among the most dynamic emerging markets in the world, resulting in a tremendous amount of opportunity for startup success.
Building teams in Latin America presents a unique set of challenges, from identifying and hiring remote talent, to scaling company culture, to creating successful workflows with off-site teams.
Join the conversation as experienced entrepreneurs, digital marketing experts, and investors, share experiences and deliver best practices when it comes to building successful global teams across borders.
Moderator: Bedy Yang, Partner, Brazil Innovators/500Startups
Diego Saez-Gil, Co-Founder, WeHostels; Endeavor Colombia Entrepreneur
Sebastián Valin, Founder & CEO, ComparaOnline.com; Endeavor Chile Entrepreneur
Pedro Torres Picón, Managing Director, Quotidian Ventures
Growing a Business in a Submerged Economy (Greece)
Saturday, March 9
5:45PM – 6:00PM
Hilton Austin Downtown
500 E 4th St
Nikos Kakavoulis, CEO & Co-Founder, Daily Secret; Endeavor Greece Entrepreneur
The Greek economy was one of the hottest global news topics of the past year. While international media sparked constant fears of the Euro fallout, local residents faced the instability of transitioning governments and unemployment surpassing 22% (50% for youths under 25!). Despite these staggering statistics, the recession was actually a source of opportunity for several young Greek entrepreneurs and companies, including ours – Daily Secret, the world’s smallest and fastest growing multinational digital media company. Started as a positive energy initiative to spread our love for Athens, Daily Secret has grown to over 550k members across 4 continents in over two years. We will discuss how the economic crisis inspired us to capitalize on the economic turmoil while simultaneously benefiting the Greek community. We’ll also talk about how the techniques and strategies we use are relevant to succeeding in other struggling economies around the world.
Endeavor CEO and Co-Founder, Linda Rottenberg, spoke with the World of Business Ideas (WOBI) on the inflection points entrepreneurs face.
Is it okay to fire a friend? Should your company take capital? Do you want to franchise? “All of these strategic questions are the decision making points that we find at endeavor,” Rottenberg says. “ [These] are the moments of inflection when companies either stay flat or have that hockey stick effect.”
She discusses in the interview that not everyone is going to be a high-impact entrepreneur. “Entrepreneurship at the end is about the stomach. Do you have the stomach to make those tough decisions and to try to mitigate risk?”
Rottenberg finds that most entrepreneurs are not fearless risk takers. They want to be responsible and make smart choices. But where can they go for help?
“I think mentorship is really key,” she tells WOBI. Rottenberg believes that learning from the successes and failures of others can help entrepreneurs get past these points and properly scale their businesses.
The founders of WOBI, Nelson Duboscq and Eduardo Bruchou are two of Endeavor’s earliest entrepreneurs who have benefited from such mentorship. Since joining Endeavor’s network in 1999, their company HSM Group, which provides executive management education, has grown in revenues by 397%. HSM launched WOBI last year, providing another multimedia platform for sharing innovative business ideas from experts like Rottenberg.
Watch the video, “Linda Rottenberg: When Real Entrepreneurs Come to Life” on WOBI here.
For Rottenberg’s previous video, “Five Lessons for Aspiring Entrepreneurs”, see here.
Endeavor South Africa Entrepreneurs Robert Sussman and Lance Fanaroff sold Integr8 IT- an arm of their company, Integr8 Group- to Business Connexion for an estimated R126M. Business Connexion is a leading ICT services provider with more data center capacity than any other provider in South Africa. The merger creates a single organization of 7,000 employees who will deliver services across Africa.
Since its launch in 2001, Integr8 has provided leading corporations with a range of sophisticated IT outsourcing services, including hardware and software solutions, back-end 24/7 customer support and on-site service. Today, Integr8 is the largest privately-owned ICT infrastructure management and managed-services company in Africa.
Sussman and Fanaroff have been globally recognized for their achievements. receiving awards from prestigious organizations such as Ernst & Young. The acquisition marks a new success for these entrepreneurs. “I am excited from where we have come from, I am hugely excited about where we are today, but this pales in comparison about the excitement I feel for the opportunities that will arise whilst working hand-in-hand with BCG and all of their subsidiaries,” said Sussman.
Their joint efforts with Business Connexion are likely to capitalize on the combined domestic ICT market in South Africa, which is estimated at more than US$14 billion.
See more here.
Endeavor Colombia company Dynamo has joined Participant Media’s PanAmerican Film Initiative, a five-year agreement to produce 10-12 Spanish-language films in Latin America. Dynamo will be joined in the Initiative by two other premier Latin American production companies, Canana (Mexico) and Fabula (Chile).
Participant Media, founded in 2004 by eBay’s first employee Jeff Skoll, finances and develops media campaigns for movies with a social message. Notable titles include “An Inconvenient Truth” (2006), “The Help” (2011), and “Lincoln” (2012). According to Participant’s website, the company is currently in discussions with Dynamo to finance the supernatural thriller “Aguas Rojas,” to be co-produced by Spanish firm Apaches.
Dynamo was founded by four Endeavor Entrepreneurs, Andrés Calderón Rodríguez, Cristian Conti Walli, Rodrigo Guerrero Rojas, and Diego Ramírez Schrempp, in 2006. The company has two distinct arms: Dynamo Capital, the only private equity fund for film financing in Latin America; and Dynamo Productions, a screenwriting, production, and distribution business. DynamoProductions’ film “The Undertow (Contracorriente)” won the Sundance Film Festival’s World Cinema Audience Award in 2010.
Dynamo executive Cristian Conti Walli said that the company is excited to begin its work with the PanAmerica Film Initiative. “For Dynamo this alliance presents a superb framework to create, improve and bring to life our projects,” Conti Walli said. “We look forward to growing with and learning from great partners and friends like Canana, Fabula and Participant.”
Alumni of Endeavor’s eMBA Program – which places business school students at Endeavor companies worldwide – mingled at Moore Bros. Wine Co. to network and exchange stories of their educational experiences overseas. Here are short interviews of some of the attendees:
Movile, a Brazilian software development company for mobile phones that was founded by three Endeavor entrepreneurs, has decided to heavily invest in a new start-up. The company is investing USD $5.5 million in iFood, a site that manages food delivery. Created in 2000 by Marcelo Sales, Rafael Duton, and Eduardo Bernardes, Movile exclusively offers access to mail applications, remote file management and infotainment for more than 23 million mobile phone users. This new partnership with iFood hopes to expand the company’s services to allow 1 million people in Brazil to purchase food through the internet and smartphones in the next year.
Since its inception in 2011, iFood has gathered thousands of restaurants in eight cities around the country. The start-up plans to use Movile’s funding to further expand throughout Brazil and increase to 5,000 partner establishments by 2015. Franco Bloisi, Movile CEO, believes that mobile commerce has the potential to move $1 billion dollars in Brazil over the next two years.
For more information, see here.
Endeavor was featured in an article in the French-language daily newspaper, “L’Orient le Jour” based in Beirut, for its potential to improve Lebanon’s economy. According to Endeavor’s calculations, the country’s GDP could increase by 1% by creating 12,000 new start- ups, or supporting the growth of 100 small and medium enterprises (SMEs). Since the launch of Endeavor Lebanon in 2011, 10 entrepreneurs from 8 companies have been selected and connected to mentors and investors. These businesses span the fields of computer and internet companies to advertising and high-end interior design firms.
The Managing Director of Endeavor Lebanon, Tarek Sadi, speaks in the article about the promising progress thus far. Mr. Sadi warns that it will take time, but is confident that Lebanon will really see the great impact of Endeavor’s model in the next five to ten years.
Read the full article in French here.
Endeavor Brazil put together a preview video for their new documentary series, “Go For It”. The series will focus on six Brazilian start-up businesses, as well as the entrepreneurial environment in the country.
The trailer below, which has English subtitles, introduces these high-impact entrepreneurs and their stories.
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- (video) Endeavor Greece Celebrates Two Years and 3,500+ Jobs Created By Its Entrepreneurs
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