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Brazil’s Bebê Store Announces Acquisition of Competitor Baby.com.br; Receives Investment From Endeavor Catalyst

Bebê Store, a leading online baby goods retailer in Brazil co-founded by Endeavor Entrepreneur Leonardo Simão, recently announced the acquisition of Baby.com.br, one of its main competitors in the region. In addition, the company successfully raised a $12.3 million […]

July 24th, 2014 — by admin

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Endeavor Entrepreneur Companies Featured in The Economist Ranking of Top Internet Companies

The Economist recently charted the top three internet and technology companies in 50 countries based on data from the World Startup Report. The ranking demonstrates the number of emerging markets with growing tech scenes that are succeeding outside of the […]

July 14th, 2014 — by admin

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Barclays Advisory Session and Tour Spotlights Education-Focused Endeavor Entrepreneurs

BarclaysLogoOn May 15th, Endeavor held a Youth Impact Advisory Session & Education Tour, a day-long event in New York sponsored by Barclays and geared towards Endeavor Entrepreneurs working in the education sector. Representatives from five Endeavor Entrepreneur companies participated, including ASK for Human Capacity Building, Campoalto, Enova, IPETH, and LumniWith a focus on youth and underprivileged communities, the work of these entrepreneurs provides a range of training and educational services. Combined, their businesses employ over 650 people and serve nearly 200,000 individuals across Latin America, the U.S. and the Middle East.

The day began at Barclays’ offices in Times Square with the inaugural Barclays-Endeavor Youth Impact Advisory Session. Each Endeavor company was paired with a team of 4-6 senior executives from Barclays who provided strategic advice and guidance to address each company’s specific challenges in strategy, finance, operations and processes. In the afternoon, the entrepreneurs participated in networking sessions and discussions with one another, finding ways to foster collaboration and improve their own business operations.

Guest speaker Jeremy Johnson, Chief Strategy Officer at 2Uoffered insight into how online programs and technologies are changing the education space in both the U.S. and abroad. Carlos Dominguez, the Senior Vice President, Office of the Chairman and CEO at Cisco Systems, also stopped by to discuss innovation, organizational culture, and methods for adapting to the rapidly changing conditions of the industry. In addition, Endeavor partnered with a team from the Concordia Summit during the day to co-host a live Twitter conversation with Carlos, which engaged Endeavor Entrepreneurs and Twitter users around the world to address key issues facing the education sector. View highlights of the digital conversation by clicking here.

“It was an amazing and insightful day, the discussions in the morning with Barclays and afterwards with Jeremy and Carlos,” said entrepreneur Amin Amin of ASK. “Many thanks to the Endeavor team for all of the hard work in making this happen and for providing these amazing opportunities to all of us.”

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Endeavor Entrepreneurs from Campoalto meet with Barclays advisors

ASK

The entrepreneurs who attended represent a range of educational services and products. Learn more about their companies below:

Founded by Amin Amin, the Jordan-based ASK (Attitude, Skills and Knowledge) for Human Capacity Building develops innovative programming and offers consulting services with a special focus on education. Realizing that the biggest challenge to development in the region was the lack of human capacity, Amin’s focus on bridging the missing link between education and employment has made his organization a pioneer in the sector. With the support of a USAID-funded Education Reform Support Program (ERSP), the company is responsible for implementing the Jordan Schools Program (JSP) with operations continuing to expand throughout the Middle East. Since joining Endeavor in 2009, Amin has been active in the network, notably participating in Endeavor Summit and Investor Network events.

campoaltoColombia’s Campoalto, founded by Hugo Fernando Novoa, Alvaro Hoffmann, and Andrés Angulo, focuses on providing training in various professions to low-income students, particularly disadvantaged women. The company operates campuses across Colombia, including a fully-equipped clinical facility, and offers flexible schedules and an affordable pay-as-you-go model. The company’s team has expanded to over 16 different training programs, becoming the first institution in Colombia to be accredited in a new sector of government-regulated education. After joining Endeavor in 2010, the entrepreneurs have received custom advisory sessions from local mentors as well as support from Endeavor’s G-Lab program.

Enova

Enova is a social enterprise in Mexico that designs innovative educational models and spaces, with the mission of bringing accessible technology to low-income communities in order to close the digital divide. The organization designs, builds and operates cost-effective and sustainable educational centers called the “RIA” which provides populations in marginalized neighborhoods with access to community spaces where they can take courses, use computers and more. Enova’s e-learning courses have been made available to both children and adults and teach a wide range of subjects and skills. Founders Jorge CamilRaúl Maldonado and Mois Cherem Arana joined the Endeavor network in 2011 and have participated in custom mentoring sessions while also receiving support from Endeavor’s eMBA and EY Vantage programs.

IPETH

 IPETH, founded by Arturo Macip and Alejandro Cuervo Guevara, is a university based in Puebla, Mexico that offers bachelors degrees in physical therapy and primarily targets low-income students who would not normally be able to enroll in four-year degree programs. The university focuses on providing world class instruction and solid employment opportunities for alumni, expanding to campuses in Mexico City and developing programs at undergraduate and post-graduate degree levels. Since the entrepreneurs were selected in 2011, the company has connected with advisory board members and received introductions to top mentors, receiving strategic guidance on their expansion plans.

logo_lumni_verticalA venture capital fund that invests directly in human capital, Lumni finances education for students in exchange for a small fixed percentage of their future income over a pre-set time period. Founded by Colombian entrepreneur Felipe Vergara, the firm currently operates in Colombia, Chile, Mexico, Peru and the U.S. Since joining Endeavor, Felipe has grown Lumni to support thousands of students, with significantly low dropout and default rates. Lumni’s investors include individuals and corporations, with current and forthcoming capital funds totaling in the millions of dollars. A Wharton MBA and former consultant who has long been passionate about reducing the education gap, Felipe has grown Lumni’s innovative model since his selection in 2009 with the support of a team of local mentors and network members.

Endeavor Marketing Retreat Convenes Staff from 16 Countries in New York City

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Marketing staff members from 16 countries at the Global office

Marketing and communications staff from 16 of Endeavor’s countries spent three days in the Global offices in New York City for the organization’s first worldwide marketing retreat, which was comprised of  of workshops, speaker sessions, site visits and networking events.

Speakers with expertise in areas ranging from event planning to social media provided staff with strategic insight into their respective industries. On the first day, Ari Kuschnir of creative production company m ss ng p eces and Susan McPherson of social good consultancy McPherson Strategies addressed the topics of storytelling, brand awareness and digital marketing. With a focus on content creation and social media, the second day featured a visit to digital agency Barbarian Group and presentations from Drew Train, Business Director of brand agency OBERLAND, and Katrina Craigwell, Head of Global Digital Programming for General ElectricThe final day brought in Patricia Meier, former U.S. CEO of HSM, founded by Endeavor Entrepreneurs Eduardo Bruchou and Nelson Duboscqto discuss her experiences planning large-scale events. 

Ultimately, the retreat promoted internal discussion around global branding, content and event strategies in order to better serve Endeavor’s mission as the leading supporter of high-impact entrepreneurship worldwide. One key discussion item revolved around the usage of the Endeavor Entrepreneur seal, a logo designed to allow entrepreneurs to showcase their Endeavor distinction online or in print. For entrepreneurs interested in receiving a high-resolution version of the seal, please contact your local offices.  

Linda Rottenberg Discusses Lessons in Entrepreneurship for Stanford’s eCorner Series

In this talk for Stanford’s Entrepreneurship Corner, Linda Rottenberg shares smart lessons for cutting an entrepreneurial path in a turbulent world. Touching on elements from her upcoming book, Crazy is a Compliment, Rottenberg unpacks insights from her personal journey and explores Endeavor’s work driving high-impact entrepreneurship in growing markets worldwide.

Watch the full video below and by clicking here.

Mexico’s Tatiana Bilbao Profiled in The New York Times’ T Magazine

TMagazineMexico-based architect and Endeavor Entrepreneur Tatiana Bilbao, founder of her own eponymous design firmwas recently profiled in T Magazine, The New York Times‘ style publication. The article highlights Tatiana’s growing prominence in the architecture world and her distinct design style that the magazine identifies as “eco-Brutalism”, referencing a modern approach to the aesthetic of 1960s and ’70s design. 

With a focus on transforming underused, neglected and remote spaces across Mexico’s urban and rural areas, Bilbao’s portfolio of work includes everything from churches to public housing to academic research centers. In addition, the firm’s designs emphasize sustainability in water and waste management and energy usage. Building upon her growing success and recognition, Tatiana aims to turn her firm’s model into a scalable business that could provide similar environmental and socially conscious creations worldwide.

Since joining the Endeavor network in 2010, Tatiana has received tailored guidance on her firm’s growth and expansion plans from a team of local mentors. In addition to the T Magazine feature, Tatiana’s work was highlighted in a Wall Street Journal article in March about open-source blueprint platform Paperhouses.

View the full T Magazine article by clicking here.

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May 2014 Newsletter

MayNewsletterTo view Endeavor’s May 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.

 

Endeavor Insight’s “The 13-32 Report” Examines Scaleup Companies in Peru

LimaPeruEndeavor Insight‘s “The 13-32 Report“, released with support from Omidyar Network, spotlights the contributions of scaleup companies towards job creation and economic growth in the country of Peru. This is the third in a series of reports from Endeavor Insight that focuses on scaleup ecosystems worldwide and their significance in transforming emerging markets. The first two reports in the series focused on economies in Indonesia and Colombia.

Scaleup companies, defined as companies more than three years old with a minimum of 20% average annual employment growth, are becoming a critical component of economic and social development in Peru. The report found that these businesses represent just 13% of the country’s total number of firms but created 32% of net new jobs in the past three years. For a nation like Peru in particular, where the workforce is projected to grow by more than 2.5 million people by 2020, the demand for new jobs has never been higher. A reported 400,000 young people in Peru are currently unemployed, making up two-thirds of the national rate.

With the demand for new jobs continuing to climb, scaleup companies are critical to creating an environment for continued growth, addressing the challenge of unemployment by driving innovation, strengthening value chains, and paving the way for long-term expansion. As the largest job creators in the country, scaleups need access to the sort of services Endeavor works to provide, promoting the right mix of talent, funding and networks to accelerate high-impact entrepreneurship that can transform the region.

Endeavor officially launched its Endeavor Peru affiliate in 2014. To read the full report and learn more about the research, click here.

 

2013 Endeavor Entrepreneur Summit Video: Roy Gilbert & Gina Bianchini

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

Entrepreneurs rarely examine any one issue in isolation, and this fireside chat is no different: recruiting, investors, growth, product-market-fit, more growth, shifting products, inspiring the team successfully and more will be covered in this session. Join Gina Bianchini, CEO and founder of community platform Mightybell (and Ning before it) and Roy Gilbert, CEO of online social learning company Grockit and former head of Google’s Global User Operations as they dive deep into these topics.

GINA BIANCHINI is the Founder and CEO of Mightybell, the first community platform built to support networks of groups. Before Mightybell, Bianchini and Marc Andreessen co-founded Ning, the largest social platform for communities of interests and passions online. She served as CEO of Ning from its inception in 2004 to March of 2010, at which time Ning had 90 million monthly unique visitors, 46 million registered users and 300,000 monthly active communities across entertainment, politics, education and interests. Gina and Mightybell have been featured in Fast Company, Bloomberg Business Week, The New York Times and The Wall Street Journal.

ROY GILBERT is Grockit’s CEO. Prior to joining Grockit, Roy was the Director of User Operations and Policy for Google, and launched and led Google’s operations in India. Before moving to India, Roy was the business operations manager for the launch of Gmail. Roy began his career as an officer in the United States Navy, where he served onboard the attack submarine USS MIAMI (SSN-755) for several classified missions. Roy graduated with a BS in computer science from the US Naval Academy as well as an MBA from Stanford.

Endeavor Launches Seventh Latin American Affiliate in Peru

LIMAPeru

Lima, Peru – April 29, 2014 – Endeavor announced that it Endeavor Peru (web small)will expand its presence in Latin America with the launch of Endeavor Peru, the organization’s seventh office in the region. The launch is supported by some of the country’s most influential and successful entrepreneurs and business leaders, who see the potential for Endeavor’s model to boost the local economy, create jobs, and transform the region.

With a population of over 30 million, Peru has become a driver of economic and social change within Latin America, overcoming past decades of instability and fiscal uncertainty. According to data from the World Economic Forum, Peru has nearly tripled its GDP in the last decade with 6% average annual growth, boosted by government-led reforms and a rise in market-friendly policies. With new national initiatives focused on diversifying local industries, Peru is primed to enter a new era of growth as consumer spending and foreign investment continue to rise.

For Peru to continue its trajectory, providing support for local entrepreneurs and their high-impact ventures has never been more critical. The country’s burgeoning ecosystem makes it an attractive target for the Endeavor model, which will provide the country’s top entrepreneurs with access to resources that will help them realize their scale-up potential. With Peru’s workforce expected to grow by more than 2.5 million workers by 2020, Endeavor Entrepreneurs will create thousands of jobs, stimulate the local economy and become role models for future generations.

“We are excited to build our presence in Latin America and continue the momentum in the region, where the outlook for entrepreneurship has never been brighter,” said Endeavor co-founder and CEO Linda Rottenberg. “In Peru especially, which is becoming one of the region’s big economic players, Endeavor’s model can have a tremendous impact.”

Founded in 1997, Endeavor selects and supports high-impact entrepreneurs who have the potential to scale from promising SMEs into companies that create hundreds, if not thousands, of jobs and generate significant revenues. Once selected, Endeavor Entrepreneurs are given world-class strategic mentoring advice, access to key networks and other tools and talent programs that can catapult them to success.

In the past 16 years Endeavor has selected 917 high-impact entrepreneurs from 20 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 250,000 jobs. Endeavor affiliates already operate in six other Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico and Uruguay.

All Endeavor affiliates are spearheaded by a local board of leading business people, each of whom believes that high-impact entrepreneurship can spark economies. The Endeavor Peru founding board includes: Oswaldo Sandoval, Chairman of the Board of Sandoval Group.; Carlos Rodríguez-Pastor, Chairman of Intercorp; Ernest Bachrach, Managing Partner of Advent International; Diego de la Torre, President of La Viga S.A.; Alex Fort Brescia, CEO of Brescia Group; Mario Alvarado Pflucker, CEO of Graña y Montero; Juan Carlos Verme, Chairman of Inversiones Centenario S.A.A.; Jorge Medina Méndez, Managing Partner of EY Peru; Luis Felipe Castellanos, CEO of Interbank; and Eduardo Hochschild, Executive Chairman of Hochschild Mining.

“Endeavor’s launch demonstrates the vibrant entrepreneurial ecosystem that has been developing in Peru,” said Board Chairman Oswaldo Sandoval. “Entrepreneurship will be critical to the country’s growth as we look to spark innovation and spotlight Peru on the global stage.”

The board has nominated Ana Sofia Valdivia as Managing Director to oversee the successful launch of Endeavor Peru. Ms. Valdivia served previously as a manager at McKinsey with a focus on consumer goods segmentation, go-to-market strategies and transformational programs. She will lead the day-to-day operations of the Endeavor office in Lima and will be involved in screening entrepreneur candidates for consideration.

Endeavor Launches Seventh Latin American Affiliate in Peru; Releases “The 13-32 Report” on Local Scaleups

Endeavor Peru (web small)
Endeavor announced that it will expand its presence in Latin America with the launch of Endeavor Peru, the organization’s seventh country affiliate in the region. The launch is supported by some of the country’s most influential and successful entrepreneurs and business leaders, who see the potential for Endeavor’s model to boost the local economy, create jobs, and transform the region. Read the full announcement by clicking here.

In addition, Endeavor Insight’s “The 13-32 Report“, released with support from Omidyar Network, spotlights the contributions of scaleup companies towards job creation and economic growth in Peru. This is the third in a series of reports from Endeavor Insight that focuses on scaleup ecosystems worldwide and their significance in transforming emerging markets. Read more about the report by clicking here.

Highlights From Endeavor eMBAs In The Field

eMBA_webEach year, Endeavor recruits graduate students from leading U.S. business schools to spend 10 weeks during the summer working on-site with Endeavor Entrepreneurs as part of the eMBA Program, which is generously supported by Barclays. The three primary areas of focus for the eMBA projects are strategy, operations, and financing.

Over the years, hundreds of MBA students — after a highly competitive application process — have been placed with entrepreneurs across Endeavor’s affiliate countries. Endeavor ranks among the top 2% of recruiters at Harvard Business School and Stanford, and recruits from other leading schools including MIT, Penn, Columbia, Northwestern, Yale, and INSEAD.

Endeavor’s eMBAs often catalog the diverse professional and personal experiences they have during their placements for friends, family members and the general Endeavor network. Below are highlights of these write-ups that have been posted on the Endeavor Blog as part of the ongoing “eMBA Field Report” series.

2013

eMBA Field Report: A Global Business Project Journey in Brazil 

Tammy Wu, Cornell-Queen’s School of Business

eMBA Field Report: Mobile in Mexico… and Loving It

Leire Borderias, London Business School 

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

Amanda Wu, Cornell University’s Johnson School of  Business 

2012

eMBA Field Report: Explosive IT Growth, Exuberant Dancing and a Steak that Will Make You Cry In Bogotá

Manuel Alvarez Ortega, The Hong Kong University of Science and Technology

eMBA Field Report: Research and Teamwork in Egypt

Nate Wong, Yale University’s School of Management

eMBA Field Report: Spreading Innovative Design from Lebanon to Saudi Arabia

Abulaziz Baroum, Babson College’s F.W. Olin Graduate School of Business

2011

eMBA Field Report: Two Voices from Jordan

Andrea Zuluaga, London Business School

eMBA Field Report: The Emerging Giant in Santiago

Chris Zefferys, Thunderbird School of Management

eMBA Field Report: From Hong Kong to Uruguay

Rufino de la Rosa, The Hong Kong University of Science and Technology

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