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40 High-Impact Entrepreneurs from 13 Countries Join Network at the 56th International Selection Panel in Miami; Endeavor Reaches Milestone of A Thousand Entrepreneurs Selected

Miami, FL – December 11, 2014 – Endeavor selected 40 high-impact entrepreneurs leading 22 companies in 13 countries at its 56th International Selection Panel. Endeavor now supports 1,030 High-Impact Entrepreneurs from 651 companies across 22 countries. The first […]

December 12th, 2014 — by admin

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Turkey’s Yemeksepeti Expands to Eight Countries with Majority Acquisition of Jordan’s ifood.jo

Yemeksepeti, a leading Turkish food ordering website founded by Endeavor Entrepreneurs Nevzat Aydın, Melih Ödemiş and Cem Nufusi , has announced its acquisition of a majority stake in the Jordanian site ifood.jo. The company has expanded its […]

November 13th, 2014 — by admin

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Colombia’s Ecoflora Achieves Milestone with First Colombian Biopesticide Approved for U.S. Market

Colombia’s Ecoflora, founded by Endeavor Entrepreneur LogoEcoflora2Nicolás Cock Duque, recently achieved an industry milestone with its CapsiAlil agropesticide, the first Colombian product of its kind to be approved for sale by the U.S. Environmental Protection Agency. This news illustrates the potential for high-impact entrepreneurs in emerging markets to innovate industries and create products that can have global appeal.

One of several agro-product offerings developed by Ecoflora, CapsiAlil is a repellent and natural insecticide produced mainly from active ingredients found in several varieties of plant families. The product is unique in its management of insects in a wide variety of crops, from coffee to corn, with organic, non-toxic and plant-based ingredients. Ecoflora has been a pioneer in its sector in Latin America dedicated to the development of innovative solutions for the effective and sustainable protection of crops based on active substances obtained from botanical biodiversity.

“This is a very significant achievement for our company, our researchers and for the country in general, because it demonstrates that Colombia has the ability to deliver high added value and world-class technological innovations,” stated Nicolas in a statement.

Originally a family-owned flower business established in 1998, Ecoflora presented Nicolás – a civil engineer by trade – with the opportunity to develop commercial and sustainable products for the horticultural industry. By 2012, the company had over 15 major products in its portfolio, ranging from EdiBlue, a food and beverage colorant, to Myrica Waxm, a berry extract that can be used as a base in cosmetics and soaps. Having struck partnerships with universities, government institutions and laboratories to develop its products and promote agricultural research, Ecoflora is uniquely positioned to bridge barriers to scale in the region and take its niche market to a global stage.

Since being selected as an Endeavor Entrepreneur in  2007, Nicolás has been an active network member, receiving  local publicity support and mentorship while also participating in the eMBA and G-Lab programs, the 2013 Endeavor Summit, and more.

Read more about the news by clicking here.

In Memory of Endeavor Mexico Board Member Bernardo Minkow

Bernardo_MinkowBernardo Minkow, Endeavor Mexico Board Member and active contributor to the network, passed away earlier this month. Below, Endeavor Mexico’s Managing Director Pilar Aguilar shares her thoughts and memories of Bernardo’s support of Endeavor through the years.

In 2010, when Fernando Fabre first approached me about the possibility of serving as Endeavor Mexico’s MD, the first thing I did was find out who was sitting on the Board of Directors. I figured I had to decide whether I would take the job even before it was offered, since I knew that during the interview process I was going to be talking to some of the most important business people in the country.

I was not surprised to find Bernardo serving on the board; I knew him from my days at McKinsey & Company  as the “rain maker” – he was the partner that managed the firm in Mexico. I first met Bernardo in 1991, when I graduated from college and was a fresh new Business Analyst at McKinsey & Company in Mexico City. At the time, I saw him as a pretty intense, intelligent, and somewhat scary partner.

At Endeavor, Bernardo became my friend and a trusted advisor. As an organization, we were very lucky to have him as a board member. I was even luckier to have our paths cross again. Bernardo has served as a board member for Endeavor Mexico since 2009. His contributions kept us focused on building the best network of the high-value and high-impact entrepreneurs. He was very focused on establishing and measuring key performance indicators to assert the effectiveness of Endeavor Mexico. Also, he pushed us towards building the best group of mentors and advisors. Thanks to his guidance, we established a process for portfolio evaluation and tailored specific Endeavor services for many of our entrepreneurs. In addition, Bernardo served on the board of HDS, an Endeavor company, from 2011 to 2013.

Thank you Bernardo, you will be greatly missed.

About Bernardo Minkow

After graduating from the Mexican National Autonomous University (UNAM) with a degree in Electrical Mechanical Engineering, Bernardo went on to earn a Master of Science in Electrical Engineering from Massachusetts Institute of Technology (MIT) and a MBA from Harvard Business School. After earning his MBA, he entered McKinsey & Company where he worked for nearly 25 years, eventually becoming a Senior Partner  and Director of its Mexican operations. Bernardo specialized in energy (oil and electricity), telecommunications, airports, banking, water, and tourism. He was also involved in the privatizations of Telmex, Telebrás, Mexican banks, and Mexican airports.

Subsequently, Bernardo was a partner at the real estate developer Del Parque S.A. and the investment bank Promecap S.C., where he focused on aviation and real estate development. He joined the Endeavor Mexico board in 2009.

Lebanon’s Mosaic Marble Honored by the Preservation League of New York for Restoration Efforts

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Lebanon’s Mosaic Marble, founded by Taline Assi, was recently honored by the Preservation League of New York for the company’s work in restoring the landmark Williamsburg Savings Bank in Brooklyn, NY. In 2010, Mosaic Marble was selected as the official mosaic design company to support the building’s preservation efforts and, after two and a half years of restoration work worth nearly $18.5 million, the building was transformed into a grand event space. This honor stands as a testament to Endeavor Entrepreneurs whose unique businesses are making an impact around the world.

As New York’s statewide preservation organization, the Preservation League of New York State works to protect the city’s cultural heritage by promoting historic preservation to revitalize communities, celebrate heritage and enrich lives. In order to recognize projects that are demonstrating best practices in preservation, the League’s “Excellence in Historic Preservation” award was given to Mosaic for its efforts in restoring the building’s intricate flooring alongside  a team of internationally renowned architects and designers.

Completed in 1875 and recognized by New York’s Landmarks Preservation Commission, the Williamsburgh Savings Bank had fallen to neglect until it was purchased in 2010 to be converted into a premiere banquet and event space. Through the vision of the new owners and the efforts of the team of skilled artisans, the building is once again an icon of the city’s architecture and history.

Learn more about the news by clicking here.

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Inside the bank building during the renovation process

Endeavor Investor Network’s Latin American Venture Forum Gathers 160+ Entrepreneurs and Investors in Bogotá

LatAm Venture ForumEndeavor Global and Endeavor Colombia hosted the inaugural Latin American Venture Forum in partnership with Bancoldex. This event gathered over 30 of the most active regional funds in Colombia for a day of content, discussion and networking. The event showcased top members of the network, including many Endeavor Entrepreneurs and candidate companies active in Latin American  countries including Argentina, Brazil, Colombia, Mexico and Peru. In total, over 160 participants attended the day-long forum.

The day started with an “Entrepreneur Session” moderated by Endeavor mentor and attorney Dan Green of Greenberg Traurig, who provided attendees with insights on the fundraising process. The first session featured Endeavor Entrepreneurs Andrés Angulo (CampoAlto), Nicolás Cock (Ecoflora), Kenneth Mendiwelson (Refinancia) and Endeavor candidate Sebastián Obregón (Enmedio), all of whom discussed their different paths to growth capital. The second session focused on venture capital firms, with Esteban Mancuso (Velum Ventures), Diego Serebrisky (Alta Ventures Colombia), and Eduardo Amadeo (Nazca Ventures) highlighting areas of focus when considering a potential investment.

In conjunction with the session, two panels were held for investor attendees that focused on opportunities for cross-border partnerships and innovations in payment and credit systems. The latter panel featured a range of entrepreneurs working in the digital payments space, including Kenneth  Mendiwelson (Refinancia), Jose Velez (PayU),  Claudio del Conde (Kichink), Adolfo Babatz (Clip) and Andres Ramirez (Banlinea). They discussed innovations in the sector and also provided their views on the industry’s outlook over the next few years.

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A panel discussion during the forum

A subsequent panel featured representatives from Click Delivery, an online food delivery service, and Axon, a venture capital firm that invested in the business. With more than 3,000 restaurant affiliates and more than 2.7 million visitors per month, Click Delivery positioned itself as an industry leader in Latin America. Delivery Hero, an international food delivery company based in Berlin, acquired the majority of Click Delivery in 2014. The panel focused on the formation of the deal and Click Delivery’s exit, which ultimately gave Axon a return of four times on its investment.  Jose Calderon, CEO of Click Delivery, shared his experience negotiating with Axon and leveraging LinkedIn to find strategic investors.

During the afternoon, over 520 formal speed-networking connections were made during two hours of one-on-one conversations between Endeavor Companies and participating investors. In addition, Leandro Simao, Endeavor Entrepreneur and CEO of Brazil’s Bebê Store, gave a keynote address to the attendees following the company’s recent investment from Endeavor Catalyst.

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Entrepreneurs and investors networking session

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

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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 economies. Drawing from surveys of over 600 entrepreneurs in EY’s Entrepreneur of the Year program as well as research from Endeavor Insight, the report seeks to better understand how successful companies accelerate access to new markets and become scalable businesses that create high-value jobs.

In particular, the 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.

Endeavor Uruguay Gala Brings Together 750+ Network Members and Regional Influencers

EndeavorUruguayEndeavor Uruguay‘s annual Gala brought together more than 750 of the local network’s top stakeholders, including entrepreneurs, business leaders, investors, policy makers and more. With over 100 local and international companies represented,  the event also received coverage in a number of national media outlets, positioning itself as one of the top networking and entrepreneurship-focused gatherings in the country.

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The Gala attracted some of Uruguay’s most influential government and policy officials, including Vice President Danilo Astori, US Ambassador Julissa Reynoso, Presidential Candidate Pedro Bordaberry, and Minister of Industry, Energy and Mining Roberto Kreimerman. The night of networking and discussion also included an interview with Endeavor Argentina Board Member Gustavo Grobocopatel, one of Latin America’s top business leaders and president of agro-industrial giant Grupo Los Grobo. In addition, an Emerging Entrepreneur of the Year Award sponsored by EY was awarded to entrepreneurs Álvaro García, Ruben Sosenke and Ariel Burschtin, founders of Uruguay-based food delivery platform PedidosYa.

Watch a summary video of the event below or by clicking here.

September 2014 Newsletter

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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.

2014 PiLA Field Report: Exploring New Horizons with Endeavor Argentina

Every summer, top graduate and undergraduate students in the engineering, business and computer science fields spend a summer working with an Endeavor and Endeavor Entrepreneurs to assist in technical work assignments. These students are driven by interests in bridging technology and society through innovation, design, and entrepreneurship. Following is a post from Wade Prospere, a PiLA participant who spent the summer working with the Endeavor Argentina office. 

After graduating from Cornell University in 2010 and working as a Financial Analyst for Merrill Lynch for three years, I joined Endeavor Argentina in 2013 as a Princeton in Latin America fellow. I was drawn to Endeavor’s commitment to entrepreneurship as the key to sustained economic growth in emerging markets, and I wanted the opportunity to personally contribute to Endeavor’s impact. Working for Endeavor served as an incredible opportunity to learn—both from inspiring entrepreneurs and mentors, and from an amazingly talented global team.

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Wade and the Endeavor Argentina team

Upon arriving in Buenos Aires in June of 2013, I joined Endeavor Argentina’s 8-person Search and Selection team. The Search and Selection team is responsible for driving Endeavor’s selection process, which involves: screening entrepreneurs, conducting candidate interviews, facilitating entrepreneur/mentor interaction, writing comprehensive company profiles, and preparing entrepreneur presentations for national and international panels. The most rewarding aspect of my Search and Selection role was personally meeting and working with Argentina’s most remarkable entrepreneurs. I worked with businesses in industries ranging from technology to healthcare to real estate. Each project gave me insight into the issues and challenges Argentina’s entrepreneurs face, and the opportunities that can arise from Endeavor’s powerful set of resources.

At the heart of Endeavor’s model is an unrivaled network of seasoned business leaders. These mentors help entrepreneurs unleash their potential by providing guidance, strategic advice, and inspiration. My greatest learning experiences from working at Endeavor Argentina came from business strategy meetings between entrepreneurs and mentors. Absorbing market-specific advice from mentors helped me frame candidate enterprises and address how Endeavor’s resources could help catalyze their businesses. Despite operating in a default-ridden country, Argentina’s entrepreneurial ecosystem is extremely robust, and it’s obvious to me that Endeavor has played an instrumental role in promoting entrepreneurship as a tool for development throughout the country.

On a personal level, working at Endeavor has been the most enriching experience of my life to date. Living in a foreign country and interacting daily with high-impact entrepreneurs provided a truly unique learning experience. Endeavor Argentina’s network and local staff could not have been more impressive. It was inspiring to see such a diverse group of leaders collaborating to use entrepreneurship as a building block to strengthen the economy. This perspective, along with the relationships I formed working at Endeavor, will forever affect the way I evaluate impact.

Endeavor’s model gains its power from its vast global network, which serves to select, mentor, and accelerate the best high-impact entrepreneurs from around the world. As Endeavor’s network grows, the resources available to entrepreneurs and mentors become more robust, and Endeavor’s ability to impact development becomes more profound.

Social Media Highlights from the 2014 Harvard and Stanford Leadership Programs

Participating Endeavor Entrepreneurs at the 2014 Harvard and Stanford programs shared their experiences on Twitter during the week of classes, highlighting everything from networking sessions to lectures from leading university faculty. See below for excerpts from the digital conversation.

90+ Endeavor Entrepreneurs Participate in Week-Long Leadership Programs at Harvard and Stanford

In August, Endeavor partnered with Harvard Business School and Stanford University to organize a week of programming focused on leadership and management training for a select group of high-impact Endeavor Entrepreneurs. During the two programs, the entrepreneurs stayed on campus to engage in several days of guest lectures and discussion groups custom-designed by university faculty. The participants were given access to the world-class resources and expertise of each leading institution while also networking and sharing insights with their fellow entrepreneurs.

HBSHarvard’s “Scaling Entrepreneurial Ventures” Program took an in-depth approach to helping participating entrepreneurs identify opportunities for innovation and growth in their own businesses. Entrepreneurs from 13 Endeavor countries took courses with top HBS professors on topics ranging from sales and marketing to valuation and financing. The participants were also given assignments that called on them to evaluate their own ventures and integrate key learnings from the program. In addition, a pitch competition was organized to give the entrepreneurs a chance to collaborate and present their ideas to faculty and to one another.

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Stanford_logo-1Located in the heart of Silicon Valley, the leadership program at Stanford University drew from the best of Stanford GSB’s world-class faculty and network to help Endeavor Entrepreneurs learn to build leading companies in a competitive global marketplace. Participants from 11 Endeavor countries had the chance to develop core competencies that could help them transform their companies, manage ongoing growth and improve corporate culture. In addition, the program focused on helping the entrepreneurs identify opportunities and challenges to scale, using a discussion group format to address specific business challenges. The Stanford campus and the surrounding environment of Silicon Valley also provided an extraordinary setting with access to the area’s leading tech hubs. 

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