Endeavor is pleased to make public the following transcript and video from a presentation at the 2011 Endeavor Entrepreneur Summit in San Francisco. The event, which assembled over 450 entrepreneurs and global business leaders, featured dozens of entrepreneurship-related presentations by top CEOs and industry experts.
Overview: Endeavor CEO Linda Rottenberg and President Fernando Fabre concluded the Summit with their ideas, goals and dreams for Endeavor and the Endeavor Entrepreneurs who make it all possible.
Fernando Fabre (President, Endeavor Global)
We want to talk about what we define as the Endeavor Experience. Four months ago I joined Endeavor Global, after serving as the Managing Director of Endeavor Mexico. A lot of people have asked, “What do you do in your position?” Let me tell you what I’ve been doing. It’s something I really believe in.
First off, we’ve been in operation for almost 14 years. We have operations—meaning full-time, hired staff—in over 30 offices in 15 countries around the world. We have 200 staff members, we’re supporting over 600 entrepreneurs from about 400 companies, with revenues of over $4 billion and 150,000 jobs. With the magic of compounding, in the next five years we’re going to double that so we’re going to have 60 offices in 25 or 26 countries actually around the world, we’re going to have another 400 Endeavor Entrepreneur firms within the next five years, with revenues of $12 or $13 billion, and 400,000 jobs. I can tell you that that is going to happen. With certainty that’s going to happen because it has happened in the last 14 years. It’s going to happen because we have the most outstanding team of Managing Directors (MD).
We have an extraordinary team here in the U.S. In the US alone we have 34 staff members—including Dave Geary (Partnerships), David Wachtel (Marketing & Communications), and Larry Brooks (Finance). Make no mistake: in the next five years, we’re going to double the impact we’ve made in the last 14 years. It’s going to happen.
But beyond that, what we’ve been saying over the last year is, “Let’s look at Endeavor differently. What is the promise, the value proposition that we’re making to Endeavor Entrepreneurs? What’s the ‘Endeavor Experience’ we’re offering them from the first time a staff member or MD talks to or recruits them to Endeavor, the moment they’re in the selection process and receiving services? We are making a promise of certain standardized elements, including access to a network of the smartest, brightest business minds in the world. Right now we’re working harder on developing a standardized platform for providing this access. (more…)