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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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PandoDaily features Endeavor Turkey Entrepreneur Nevzat Aydin

Leading web publication PandoDaily recently featured Endeavor Turkey Entrepreneur Nevzat Aydin, the co-founder & CEO of online food delivery platform Yemeksepeti.com. Nevzat spoke with reporter Chris Schroeder about his journey as an entrepreneur, which began […]

March 28th, 2013 — by admin

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In VentureBeat, Endeavor Entrepreneur Fatih Isbecer writes about Turkey’s growing mobile market

Mobile technology is spreading rapidly in emerging markets and this is especially true in the Middle East. With such a large young population it is “the second fastest growing mobile phone market in the world” according to a recent blog post on the popular blog VentureBeat by Endeavor Entrepreneur Fatih Isbecer, who asserts that “Turkey is leading the mobile revolution in the Middle East.”

Fatih notes that “lately, emerging markets’ key focus area has been mobile. Since 2002, mobile penetration has grown 321 percent in developing countries. Meanwhile, it’s only grown 46 percent in developed countries in the same time period.’

‘The number of mobile phone subscribers has increased from 50 million in 2006 to 80 million in 2011, including more than 20 million 3G subscribers. With the completion of mobile revolution in the country, the overall mobile penetration rate expected to reach 95 percent in 2013, from just 43 percent in 2008.”

This goes hand in hand with increased internet connectivity and use. Fatih notes that “while worldwide average time spent online is 23.1 hours per week, this number reaches 29.4 hours in Turkey.”

Such activity has not escaped the attention of multilateral corporations.

“Well-known corporations such as Vodafone, eBay, Telecom Italia and Intel Capital are only a few of the global tech players that have entered Turkey, and new ones are being added rapidly. In the last year, around $1 billion has been invested in Turkish internet-based companies, ranging from private and group shopping to daily deals.’

‘In a more tech-friendly environment, companies are trying to satisfy the expectations of a growing audience. Startups have emerged that are taking advantage of this opportunity. For example, P.I. Works is a Turkish company that provides network optimization products used by voice or data wireless operators to increase the capacity and decrease the operating and capital expenditures for mobile carriers. Another well-established start-up is the social gaming company, Peak Games, leading the gaming world both in Turkey and the Middle East.”

P.I. Works and Peak Games were both founded by Endeavor Entrepreneurs.

According to the World Bank, more and more investors are attracted to Turkey due to “a diversified economy, proximity to Europe, integration with European markets, the external anchor of EU accession, and a lengthy track record of solid economic management and structural reform.’ For example, the government budget for R&D projects almost tripled in the last two years, enabling advancement in both finance and technology. This rapid and prominent progress in Turkey holds an example for the other countries in the Middle East.”

“Along with the start-ups that are filling various niche markets, financial companies are also pioneers of the mobile revolution, striving to provide their customers with uninterrupted service at all times.”

At the cross roads of mobile technology and financial services is mobile banking. But because of Turkey’s developed mobile market, Fatih says, “the emphasis in this country has been on sophisticated mobile banking solutions for customers of traditional banks. In this fast-paced society, people are looking for convenient ways to perform their banking activities. As of June 2010, Turkey had more than 16 million internet banking users who are processing more than 400,000 financial and non-financial transactions per month. The majority of the internet banking users are inclined to use or switch to mobile banking due to its speed and flexibility. With a share of 40 percent in the mobile banking market, IsBank is converting more clients to mobile banking every day. Banks like Doha Bank in Qatar are going into smartphone banking, following Turkey’s lead.”

‘In 2007, Turkey’s biggest bank, Isbank, partnered with my company, Pozitron,” also supported by Endeavor, “to create a unique mobile banking platform. With more than 75 different features, the platform Pozitron developed, IsCep, is one of the most sophisticated banking applications in Europe.”

In short, Turkey’s technological markets are growing every day and Endeavor is happy to be part of that growth.

Read the article in full here.


2011 Endeavor Gala honoring LinkedIn Co-Founder Reid Hoffman and Aramex International Founder & CEO Fadi Ghandour raises $2 million

The 2011 Endeavor Gala, which took place Thursday evening in New York City, convened over 600 business leaders and entrepreneurs to honor Reid Hoffman, Founder & Chairman, LinkedIn, and Fadi Ghandour, Founder & CEO, Aramex International- considered the FedEx of the Middle East, as High-Impact Entrepreneurs of the Year. In total, the Gala raised over $2 million to support Endeavor Global and its 632 High-Impact Entrepreneurs.

In addition to remarks from Hoffman and Ghandour, attendees heard from Herb Allen III, Allen & Co.; Linda Rottenberg, Endeavor Co-Founder & CEO; Arif Naqvi, Founder & Group CEO, Abraaj Capital, and Edgar Bronfman, Jr., Chairman, Warner Music Group, and Endeavor Global Chairman. The evening ended with a smashing performance by UK sensation Lianne La Havas.

Endeavor Co-Founder and CEO Linda Rottenberg said that while every Gala is unique, she was particularly thrilled to honor two Endeavor Board Members this year. “Our honorees truly exemplify what it means to be ‘high-impact.’ Aside from being phenomenal entrepreneurs, both Reid and Fadi are committed to giving back to the next generation of talent.’ Endeavor could not have been more excited to honor Reid and Fadi, or more grateful for Reid and Fadi’s participation as board members of Endeavor Global and Jordan, respectively.”

Hear Reid and Fadi’s insights on the meaning of “high-impact” in this short video:

The 2011 Endeavor Gala came on the heels of the Endeavor Entrepreneur Digital Media Tour, at which over 20 Endeavor Entrepreneurs participated in panel discussions with Reid Hoffman, met with leading media and advertisement executives, and visited top firms including R/GA, The Huffington Post, and IAC.

Below, check out a special video created for the Gala by Kharabeesh, an Endeavor company in Jordan:

And finally, here are some wonderful speeches from the evening:

Linda Rottenberg:

Arif Naqvi:

Fadi Ghandour:

Reid Hoffman:

Edgar Bronfman, Jr.:

Company press release: Smowtion celebrates its third anniversary

PALO ALTO, Calif., Nov. 8, 2011 /PRNewswire/ — Just three years ago this month, Smowtion (www.smowtion.com), a technology company focused on providing products and support for advertising networks, was a startup in the burgeoning Latin American high-tech sector. Today as an established Sell Side Platform (SSP) with more than 150,000 long tail publishers in 130 countries, the company has achieved all of its early goals and more.

The numbers speak loudly of Smowtion’s success in a highly competitive industry:

- 250 million unique users worldwide
- 5 billion monthly impressions
- 5,000 ads served per second
- $3 million paid to publishers

“From the beginning, providing extraordinary customer service has been our number one priority,” said Andres Alterini, Smowtion’s CEO. “Our success is based on helping advertisers reach the right audience and ensuring that publishers always have ads to run. It’s a balance that has served us well.”

To meet the demanding requirements of a world-class customer service operation, Smowtion has increased its workforce tenfold since 2008, added U.S. offices in Palo Alto and Miami and fortified its high-performance, geographically distributed technology. The results have been impressive:

- 200 million rows of revenue data, impressions, clicks and conversions are processed every hour
- 30,000 sites are automatically reviewed and audited for content compliance every day
automated fraud prevention mechanisms constantly audit advertising traffic

“Another factor that has contributed to our growth is the excellent relationship we enjoy with partners like Yahoo, RightMedia AppNexus, OpenX, TrustE, ComScore, Quantcast and Facebook,” said Alterini. “As the world economy improves, Smowtion’s prospects for the coming years seem brighter than ever.”

Part of the process of evolving from a startup to a fully-realized member of the Internet publishing community is the acceptance of corporate responsibility. To this end, Smowtion, as a member of the Internet Advertising Bureau (IAB), has joined with many of the industry’s largest players to take part in an effort to protect online privacy by accepting the industry’s Self-Regulatory Principles for Online Behavioral Advertising (OBA).

About Smowtion

Smowtion is a technology company specializing in developing products and solutions that help target quality audiences for the online advertising industry. Its proprietary technology helps more than 150,000 publishers—including Web sites, blogs and social networking sites that reach over 250 million users worldwide—through display ads and customized solutions. In 2010, Smowtion was included on Endeavor’s List of High-Impact Entrepreneurs at the 36th International Selection Committee.

Stanford launches Institute for Innovation in Developing Economies

Thanks to a generous gift of $150 million to the Stanford Graduate School of Business, a Stanford Institute for Innovation in Developing Economies has been established to work towards alleviating poverty through entrepreneurship and innovation. The donation, from alum Robert King (’60) and his wife Dorothy, was given out of compassion for the world’s 2 billion people that live on less than $1.25 a day, and a belief that entrepreneurs in these developing economies are the engines of growth. The institute is dedicated to research, education, and support for organizations on the ground.

The institute whose acronym is “SIIDE”, but is pronounced and known as “SEED” to signify possibility and growth, will partner with Endeavor in order to amplify their impact on mentoring and scaling high impact entrepreneurs. Garth Saloner, the Dean of the Stanford Graduate School of Business said, “This initiative is an enormous opportunity for Stanford students, faculty, and on-the-ground entrepreneurs to collaborate on the design and incubation of new enterprises and solutions.” As an example of an organization achieving global impact, he cited MercadoLibre, an enterprise launched with support from Endeavor which is now Latin America’s leading e-commerce business, employing some 1,500 people.

SEED’s first research forum will be held March 5-6, 2012 to explore research opportunities in developing economies.

The press release for SEED’s launching can be found here.

And to read economist Jared Bernstein’s recent op-ed in the New York Times on the importance of new businesses and growing small businesses into larger operations click here.


Endeavor November 2011 newsletter

To view Endeavor’s November 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.

Under 30 CEO: Top 50 events for young entrepreneurs

Reprinted from under30ceo.com. See the original post here.

By Matt Wilson

Introducing the Top 50 Events for Young Entrepreneurs…

1). CEO National–Imagine what happens when over 1,000 college entrepreneurs get together in one giant convention center for a weekend full of keynotes, workshops and lots of “networking”. The Collegiate Entrepreneurs’ Organization holds a soft spot in our heart as Under30CEO was launched in Chicago at this very conference, where we keynoted and threw quite the after party.

2.) SXSW–If you can only get to one conference each year or are launching a startup, you may want to consider SXSW. Austin hosts one the most serious interactive, film and music festivals in the world, but it’s getting a little oversold these days. Be sure to find a place to stay months in advance to guarantee a place to stay.

3.) Big Omaha–This is what SXSW was before the hype. Silicon Prairie is a great location for a conference because unlike swanky events in Miami or LA, people actually come for the conference. Last year we completed the experience by sleeping in an RV in Iowa.

4.) Startup Weekend–Want to launch a company in 54 hours? Find a Startup Weekend in your region of the globe, pitch your idea and build a team around it. Go from idea to a hacked together business in a single weekend. “No Talk. All Action.”

5.) Summit Series–While most of the events on this list will be open to the public, this event is invite only. Are you scheming to change the world? Then this is the place for you. Richard Branson and NFL Linebacker/Bow-tie entrepreneur Dhani Jones were some of the last in attendance to this laid back environment of people who are truly making it happen.
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Happy Halloween from Endeavor Global!

Keeping your business ahead of the curve: articles worth reading

Reprinted with permission from smallbiztrends.com. See the original post here.

Keeping your small business ahead of the curve in a competitive economy is no easy task. It requires a lot of attention to detail, for example, carefully examining your small business and looking for any areas where efficiency or productivity can be improved. There are lots of ways to stay competitive. Read our roundup for tips and other important news for your small business.

Operations

How to stay ahead of the curve and be successful. To truly stay ahead of the curve, you must do better and be more thorough than everybody else. This usually means putting in more worthwhile effort than your competitors. To accomplish this, you must set your own standards, ones that surpass the norm, find the need that isn’t being met and pursue it, do things better than everybody else and go the extra mile. Finally, do the new and unexpected and do it well. Following these suggestions will help you dominate the field. Open Forum

Why content marketing is still king. Surveys show that content marketing now surpasses all other types of marketing. Content marketing has gained popularity due to its ability to economically bring in meaningful leads in a controlled environment. Entrepreneur

Strategy

Take a close look at your website. Is it designed around one product or service or is it designed to attract customers who will take a look at you and want to be associated with you over a long period of time? The problem with the former is that you will have to find new customers all the time. Instead, help your customers look at how using your product or service will help them expand their business. Small Business Brief

10 secrets of successful leaders. The author quotes Eleanor Roosevelt, “A good leader inspires people to have confidence in the leader, a great leader inspires people to have confidence in themselves.” You have a great idea for a new product. You develope it, set up your small business, line up your financing, market your product and started selling. But how will your organization operate? How will you lead and develop your employees? The article discusses ten ideas gathered from successful leaders that you should consider. Entrepreneur

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Managing stress, achieving success: A great list of recent articles for entrepreneurs

Reprinted with permission from Smallbiztrends.com. See the original post here.

Managing stress in small business is a part of the territory. How stressful is the work environment in your company? And how do you make a difference? What if you ran a small business in need of improvement?Where would you begin to make the necessary changes? Here is a list of resources to get you started.

Management

5 tips to manage your relationship with your boss. Believe it or not, bosses are human beings just like you. Some of them are more difficult to work for than others. You must remember that many of them are under extreme work stress which may affect their disposition. However, being able to establish a good working relationship with your boss will result in increasing your happiness and success at work. The article presents suggestions on how to develop this relationship. Main ST

Stress management key to keeping business (and owner) alive. Owning a small business is bound to create more stress than if you worked for someone else. You work more hours, get less rest, and have many more and different responsibilities. Finding the right balance between work and life is crucial both for you business and for you personally. The article lists suggestions on reducing and controlling stress in your life. To reduce work stress, an effective management structure and finding qualified help are probably the two most effective solutions. Business News Daily

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9 common mistakes tech startups make according to investors at Arabnet

Reprinted from Wamda.com. See the original post here.

By Omar Aysha

Some of the region’s top investors, during their panel discussion at Arabnet Cairo, shared their experiences of the most common mistakes tech startups make:

- Not thinking through the practicalities of executing an idea. Giving even a little thought to possible implementation challenges will save a lot of headaches later on.

- Thinking of the investment process as money only. Founders need to discover what value possible investors will add to the project, as this is at least as important as a cash injection.

- Overlooking the chemistry of the team. How the team, including the investment partners, works together is most important, so make sure visions are shared and everyone involved is a team-player.

- Having a bad or non-existent employee ownership scheme. Greedy founders only shoot themselves in the foot if they’re not willing to share possible future wealth, as employee ownership is a fundamental motivation tool.

- Not having a business plan. Financial plans are always wrong, but that’s no reason not to have them. Writing a financial plan teaches the founders the key financial concepts they will need to know to make their company successful.

- Lacking knowledge about revenue and cost streams. Bad cash flow is the biggest killer of startups, so founders must always be clear where the money is coming in and going out.

- Having founders who are not well-rounded. It’s true that founders’ skill-sets should complement each other, but each founder should have a reasonable working knowledge of all of the core facets of running a business.

- Simply copying an idea that works abroad. The environments are structurally different, so something that works well abroad may not work well in this target market, and vice versa.

- Not thinking big enough. Too often local founders, especially Egyptians, limit their thinking and target market. If a local startup idea works globally, then it must plan to target a global audience at some stage.

The VCs were Ziad Mokhtar,a principal at Ideavelopers; Karim El-Sahy, founder and CEO of Genius Ventures; Gideon Simeloff, head of twofour54 Ibtikar; Feroz Sanaulla, regional director at Intel Capital; and Ahmed El-Alfi, founder and CEO of Sawari Ventures.


Omar Aysha is a former video-game developer, turned IT entrepreneur and writer, who is launching an Egyptian entrepreneurship magazine.

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