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Endeavor Investor Network Convenes Over 120 Entrepreneurs and Investors in NYC

On May 5th, the Endeavor Investor Network convened growth market leaders in New York City for a day of networking and learning. The invitation-only event gathered over 120 participants including Endeavor Entrepreneurs and leading investors […]

May 13th, 2015 — by admin

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Colombia’s Refinancia Announces Majority Acquisition By Encore Capital; Plans Expansion in Latin America

Refinancia, founded by Endeavor Entrepreneur and Colombian Board Member Kenneth Mendiwelson, recently announced news that the California-based Encore Capital Group has purchased a 51% stake in the company. An entrepreneur success story in Colombia, Refinancia’s announcement demonstrates the […]

February 28th, 2014 — by admin

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Endeavor July 2011 newsletter

To view Endeavor’s July newsletter, a recap of all the top news stories from the previous month, please CLICK HERE.

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Entrepreneur Showcase: Looking Beyond the Echo-Chambers

This speech was given by Chris Schroeder at last month’s Endeavor Summit in San Francisco. Schroeder is a leading entrepreneur and investor in interactive technologies and social communications, ranging from news and media, education, social networks and marketing. He currently serves as Chief Executive Officer and Board Member of HealthCentral, the highest quality collection of condition and wellness specific interactive sites. A veteran of online media, Schroeder has also served as CEO and Publisher of Washingtonpost, Newsweek Interactive and LEGI-SLATE, INC.

Watch the video here:

Full transcript:
It is not only an honor, but electrifying to be with you all.

I find nothing more inspirational than spending time with people who have made their life mission to create that which was not there before – directly with the entrepreneurs themselves and all of you who are part of the worlds they are creating.

I especially salute our friends at Endeavor, long supporting, befriending and even building entrepreneurial environments in what we once called the “developing world” at a time when much conventional thinking suggested they were crazy – or, at least, that there were much greener pastures to claim or mow down elsewhere.

It is, in fact, conventional thinking – or a gravitational force that compounds it — that will be at the essence of my brief talk. But allow me to digress for a moment.

It is no hubris or flight of fancy to acknowledge, that we are living in historic times.

I suppose all times have their impact in history, at least in hindsight, but one need no PhD in global studies to know that we all in the earliest moments of times that will define generations to come.

Most of you are too young to conceive of your own children, but I can assure you your grandchildren will be talking about these days – and about your remarkable impact upon them.

In this spirit, allow me to share three stories of my experiences with, literally, the best experts of their fields from a different world than that which brings us all to Silicon Valley today. I think they are very instructive.

Some years ago – and as a brief break from my business activities — I worked in the Department of State during times of great uncertainty and change. At the highest levels, we were wrestling unprecedented times and how to engage with the leadership bringing this change. I sat in a briefing hosted by some of the best experts available – women and men who had lived in and studied and had close relationships in these countries. Their conclusion was that we should not be fooled by the leadership, that they were putting a new face on fundamentally similar policies. Real change, if any, may happen but likely over a decade.

Perhaps a year later, I sat in on a similar briefing, led by similar experts but on another part of the world discussing the pace of change in another crucial nation. Their conclusion: that this change, if it happened quickly, would be unprecedently bloody; that existing power would never give up power willingly. Hence change, if any, would be a decade in the making.

Play the clock forward nearly two decades. I sat at a dinner with experts from government and the private sector, representing collectively a century of experience in their country, all taking in utterly stunning and fast-paced change in their region. They concluded, “Something big is happening, but won’t happen quickly here. You don’t know how it works here.” Change, if any, may happen but likely over a decade.

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In the first story, the experts were talking about Gorbachev and describing the Soviet Union and East Germany in late October of 1989 – two weeks before the Wall fell.

The second story, the experts were talking about South Africa. Two months later, Mandela was released and power shifted joltingly, painfully, but peacefully by any standard of expectation.

The last story, of course, took place in Cairo in mid January of this year. There were two young entrepreneurs at that dinner who, when I looked at them, whispered to me, “You know, I’m not sure why it is THAT different….” And, of course, we all know and have been a part of what played in Tahrir Square a week later.

History, as Nassim Taleb argues so eloquently, is filled much more with “Black Swans” than “all things being equal” – great moments that before they happen are viewed as almost inconceivable if not impossible. One can assume that this is just the way the world is, and analyzing it does little. Who can build a life under what might happen? Who, among us, are rewarded for preventing something that never occurs? We all make mistakes. Move on.

One may further write-off my stories as typical government bureaucracy, or government inefficiency, and it has little meaning to our Endeavor worlds.

But to dismiss these stories would miss greater meaning.

Nothing is certain in this world, but one of the great builders of self deception, of the comfort that we have our worlds right, is something I also saw in these stories, and in business and entrepreneurship generally – the echo chamber at play!

Every expert I meet, in almost any walk of life, spends remarkable amount of time – physically or in writing – with other experts in their fields. They go to the same cocktail parties, gather at the same conferences, pat each other on the back for some speech given or some piece written, and nicely stab each other in the back when you are out of ear shot. Government officials and academics render a certain charming arrogance to it, but it really isn’t that different in any walk of life.

It all starts innocent enough. We all tend to flock around people who share our interests and passions. But with time, another behavior creeps in – stunningly early. We want acceptance from our flock, we want to be controversial but still part of the flock, we begin to feel other flocks are flying toward and into some naïve or foolish sun.

The echo chamber. We all have them. If we are honest with each other, we all seek them. Communities of like-minded people assessing their pieces of the world, building the tautology of conventional wisdom. We are entrepreneurs, so we value individuality. But we are human beings, so we are scared to be out – or at least too far out – of the main stream, especially if that stream is comprised of fish who are “expert” and “successful.”

I have heard it argued that an echo chamber is exactly what entrepreneurs need! “How can your city duplicate things that are going on in Silicon Valley while retaining its own personality,” argues one blogger, “the answer is simple: build an echo chamber!” He calls for getting people to link to and build platforms in and around your geography; to build a lingo – even if one doesn’t know exactly what it means – but attracts people to build community around it; to build a sense that others are missing out if not well part of the echo chamber.

I think this blogger is confusing environment – or ecosystem (a vague word I kind of hate for its vagueness) – with echo chamber.

For me, one of the sharpest bloggers out there is Andrew Chen – who, with Ben Horowitz – are my must-reads as they are outstandingly well written and data filled, and they publish only when they really have something to say. They scan the worlds of entrepreneurship, technology, management, how our worlds are evolving down to the core of what drives human behavior.

Andrew pointed out two years ago something worth consideration today. Before he came to Silicon Valley, and lived in Seattle, he lamented not having a density of events, bloggers and general activity like one finds in the Bay area. Let me be clear, there is a reason why some of the most innovative and successful companies anywhere in the world have come from a 75 mile radius around the Golden Gate bridge. The talent, spirit, risk-taking, financial infrastructure, shared learning – all re-enforce the clear and remarkable results.

But Andrew goes on to point out that the echo chamber of self-congratulations can take us off a clear focus on real customers, push us to go after technology for technology sake – that, in his words, “strong peer reinforcement from fellow entrepreneurs makes it easy to focus on very short-term successes, and ignore long-term contrarian bets.” In fact, if you are so beholden to your echo chamber you risk focusing more on copycatting, perhaps with some twist, so much of whatever already exists.

I must tell you as an investor there is no word I hate more than “meet.” I know elevator pitches need to by pithy and tight, but when someone says, “my idea is kind of like Facebook meets Groupon meets LinkedIn,” I strongly wonder how thought out the idea really is.

We are an anecdotal animal, and love analogy. I get that. People have made a fortune in copycats with a twist, certainly countless businesses are being built leveraging the social and technological platforms of today. I get that.

But the bankruptcy graveyards are filled with many more victims of the echo chamber none of us hear about or focus upon.

The echo chambers of our lives are, I will suggest, on overdrive thanks to technology. For me, the most dangerous manifestation is one that surprised me – though if I were half the human behaviorist I think I am, I should never have been surprised.

Back when I ran the online sites for the Washington Post and Newsweek, I was almost giddy with all the information available to everyone. We’d all learn from each other, all hear each others’ views; we’d be a better informed society.

But then I saw a small study – Berkeley I think – of a guy who researched buying behaviors on Amazon. He wondered how many conservatives buy “liberal books” and vice versa. Putting aside that one can debate what makes for a conservative or liberal book, the findings were startling.

Well over 95% of each read only their own views.

Ours could be, is becoming, a world of self-confirming crowds and biased wisdom, echo chambers where we take comfort that in the sheer quantity of people and experiences available to us, somehow we are getting out of our safety zones. This concerns me profoundly. Ask yourself what news channels you watch on television, what perspectives you seek online, whose opinions you really consider different than yours. It may give you pause.

Twitter, which I adore, I think has compounded this. 140 characters is a great way to share what others I admire are reading at any one time, but they lend themselves to the angry, and the snide.

My goal here is not to be merely cautionary, extolling you to get out of your echo chambers. That’s fine. Do take that this caution seriously.

But here’s a little secret. If you’ve been dozing up until now, listen up!

You – great global, Endeavor entrepreneurs – are by definition apart from the greatest echo chambers on earth.

You can tell me better than anyone what is needed to enhance your lives spiritually, financially, educationally, regulatorily.

But you are free.

You have an understanding of unique opportunities within your cities, and countries and regions and cultures and faiths. You understand your customers and how to serve them – by the millions – better than anyone.

But it doesn’t stop there, of course. Outside of the great echo chambers of entrepreneurship you can ask perhaps the greatest and most difficult and most scoffed at question in any echo chamber: “why?”

And in your own answers, you will be building truly global platforms, global answers to need that is at the essence of the revolution in our midst – a revolution not of MENA alone but of societies overall.

Visit Silicon Valley, Mumbai, Sao Paolo etc — marvel at their unique achievement, learn interesting lessons, learn what not to do, raise a few bucks, cut a few business deals.

But if anyone, anywhere, asks you “what is the Silicon Valley of your country,” run – not walk – run away.

Pick your favorite stat, but one great entrepreneurial friend once pointed out to me that over 1.6 bb people on this planet have no access to electricity. Can you imagine – it is mind boggling – the innovation on its own terms pent up to unleash from every corner of the earth?

And you are all in the vanguard.

You have your own echo chambers – admit them, acknowledge them, look them in the eye.

Seek people and ideas as much as you can that disagree with your most cherished beliefs.

And, then, build.

Thank you.

Summit Keynote Address: Reid Hoffman, Executive Chairman & Co-Founder, LinkedIn [Video, Transcript]

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: In the closing keynote of the Endeavor Summit, Reid Hoffman discusses his rules of entrepreneurship (elaborating on the ones posted on Endeavor.org: http://www.endeavor.org/blog/reid-hoffman-entrepreneurship-rules) and interweaves the analogy of entrepreneurship to settling the Wild West. For Hoffman, it’s all about being on the frontier.

Full transcript:

Importance of Entrepreneurship

Entrepreneurship has always been really important. It’s how all of these institutions were started – every government, every nation. Entrepreneurship has always been important, but I think it’s growing in importance in our time. I think the reason is fairly simple, which is the future. We’re accelerating towards the future, the markets are changing more rapidly, you have the forces of globalization, you have technology change. And all of that means that how we both invent the future and adapt to it is becoming more and more important. How you create new things, how you make something – the new institution, the new product, the new organization: that’s what entrepreneurship is about. (more…)

Summer series: Read eMBA reports from the field!

Each year, Endeavor recruits graduate students from leading US business schools to spend 10 weeks during the summer working on-site with our entrepreneurs as “eMBAs” — as part of our eMBA Program which is generously supported by Barclays Capital. The three primary areas of focus for the eMBA projects are strategy, operations, and financing.

Over the years, more than 200 MBA students — after a highly competitive application process — have been placed with entrepreneurs from all Endeavor countries. Endeavor ranks among the top 2% of recruiters at Harvard Business School and Stanford, and recruits from other leading schools including MIT-Sloan, Wharton, Columbia, Kellogg, Yale SOM, and INSEAD.

This summer, 35 students are spending their summers as eMBAs throughout Latin America, the Middle East and South Africa. Their diverse experiences, both professional and personal, are certainly something to write home about, which they’re doing this summer! All eMBAs are contributing updates to Endeavor’s internal network during their internship, engaging the Endeavor family and their fellow eMBAs with updates and observations. On an ongoing basis, we are reprinting many of these posts on the Endeavor.org blog as part of this summer’s “eMBA Field Report” series. Enjoy the witty and eloquent insights our eMBAs have to share…

Dos Semanas en Colombia

2 voices from Jordan

Halfway into my Brazil Endeavor


Off to the movies in Mexico

Seeing the world anew – three eMBAs in Argentina

Endeavor Atacama launched!

– Hit the ground running in Monterrey!

Istanbul, east meets west

The emerging giant in Santiago

‘Me Encanta Uruguay’

My rewarding time in Santiago

From Hong Kong to Uruguay

Tying up loose threads in Chile

eMBA Field Report: Dos semanas en Colombia

By Justine Lelchuck

Justine graduated from Harvard Business School in May 2011 and is spending her summer as an eMBA with EcoFlora in Colombia. Justine was honored with the prestigious Dean’s Award for service to school and society at her commencement on May 26th.

As the plane descended, the speckles of light detailed to me the basin I would soon be absorbed in for the summer – Medellin. Immediately upon arrival it was as if some invisible hand had pressed the Staples’ “easy button” for me. My bags won the lottery and weren’t searched in depth by the Colombian Police, Adrían, EcoFlora’s VP, was able to spot me immediately upon exiting customs, and the hotel we arrived at (my home for the summer) was pristine and the people who worked there so helpful. I don’t think I’ve ever had an international trip to a new country, with a language I’m not completely fluent in, go so smoothly.

The past two weeks have been one version or another of that “easy button” constantly being pushed. Day one of EcoFlora was helpful and set me on the right path for the summer. My main project is determining which US Personal Care companies are best suited to partner with for a specific organic, natural blue dye EcoFlora has created. Each individual in this 37-person company is well informed, and when they are not, know exactly who I am supposed to look to in order to obtain the answer.

Outside of work I’ve attempted to enwrap myself into the Medellin culture. My colleagues have been generous with their time, patience (given my mediocre Spanish skills) and friendships. I’ve been able to explore the heat and passion of a salsa night life, the simultaneous liberation and stimulation of cumbia music while sipping on Aguardiente, the mayhem and noise of a football game gone into overtime and the quiet tranquility of the botanical gardens while reading for pleasure, an activity long forgotten.

I’ve only been here for dos semanas, but I think I’m falling in love with this city.

Turkish design company ilio on Gilt Groupe

With a recent showcase at the International Contemporary Furniture Fair (ICFF) in May in New York and in a limited edition MoMA design store collection, Destination: Istanbul, Endeavor company ilio has had something of its own spring awakening in the United States (read more about this here).

Next up for the entrepreneurial brother-sister team Demir and Mehtap Obuz–a sale on the high-end online retailer Gilt Groupe. The sale will start Wednesday, July 12th, at 9pm EST. (You can preview the sale an hour ahead of time on Facebook.)

To shop their designs, click here.

Linda Rottenberg’s opening remarks at Endeavor Entrepreneur Summit [Video, Transcript]

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.


This is so exciting – this is like a family reunion of sorts. For me nothing is more exciting than seeing the growth of the Endeavor network and to have not only 170 Endeavor entrepreneurs here from South Africa, Latin America and the Middle East. I’m also here to announce that we are on the verge of launching Endeavor in Indonesia, so at our next Summit you will see entrepreneurs from Southeast Asia and possibly from Eastern Europe as well. So we are growing, and what to me is very exciting is when I look around the room there are some of our earliest entrepreneurs. I was just with Rodrigo Jordan, who 20 years ago became the first Latin American to scale Mount Everest. He is here with us today along with some of our very first entrepreneurs as well as the most recently selected Endeavor entrepreneurs who were just selected at Endeavor ISP in London, including our first entrepreneurs from Lebanon.

Ok, I’ve always told you, and we’re gonna talk a little more when I talk to Marc Benioff later today, but my dream has always been that Endeavor will be of, by and for entrepreneurs, and I know many of you are participating in giving back in so many ways. We also have a number of sponsors that we will recognize throughout the week. But I really wanted here to just focus on the Endeavor Entrepreneurs who’ve participated in helping sponsor this event: Vinny Lingham of Yola, the Globant boys – the Globant boys will be sponsoring the after party of course – and in the speaker bag we have two of our Mexican entrepreneurs: Ezequiel Farca is one of the most creative designers in Mexico and he’s created the Endeavor keychain that you have in your Summit packets. And for speakers this will need no explanation, you’ll be getting a gift from Tequila Milagro – it’s good. (more…)

Endeavor Summit takeaways: 5 ‘Young World’ tech innovators to watch

This article is reprinted from the tech blog, Internet Revolution. Author Rob Salkowitz is a writer and consultant focused on the social implications of new technology. Most recently, he wrote a book on youth and ICT-based entrepreneurship in emerging economies, entitled Young World Rising: How Youth, Technology, and Entrepreneurship Are Changing the World From the Bottom Up. He attended this month’s Endeavor Summit and writes about his tech takeaways here.

Over the last few years, it’s become routine to note that Silicon Valley is more a state of mind than a geographic location. That is, the means, motive, and opportunity for tech innovation that converged around the Bay Area have now diffused to the edges of the globe, where ambitious young entrepreneurs are carrying the ball forward in ingenious and interesting ways.

It’s one thing to propound the theory. It’s another to come face to face with the entrepreneurial brainpower that’s rapidly scaling up world-class tech businesses in locations as diverse as Chile, South Africa, Egypt, Brazil, and Lebanon.

Last week, I attended the Endeavor Global Entrepreneurship Summit in San Francisco, the annual conclave where Endeavor, a New York-based NGO focused on economic development through business and innovation, recognizes entrepreneurs from around the world who have survived their rigorous certification processes.

Endeavor focuses on companies that have made it past the startup phase but need an extra push to become big-impact players in their national economies. Its goal is to turbo-charge businesses and industries that can create economic prosperity and better quality of life in countries throughout Latin America, South Asia, and the Middle East — in the expectation that economic development can then lead to needed social and political advances.

Endeavor recognizes entrepreneurs of all kinds, not just technology. However, the rapid spread of technology to developing countries over the past decade has lowered barriers to entry and created the same kind of “digital native” generation we’ve seen emerge here. That combination of technology and demographics has helped propel businesses like these, which stand out among the crowd here in San Francisco:

*Betazeta (Chile) is a network of 13 virtual communities serving the southern cone of South America, featuring blogs and information sites organized around sports, travel, lifestyle, and recreation. Since its founding in 2008, Betazeta has grown to become the second-largest independent network community in Latin America — the hottest region in the world, with a projected 25 percent market growth by 2012.

    *Eastline Marketing (Lebanon) is the first digital marketing agency serving the region, and is on track to increase its revenues 5x from 2009, to US$266 million by 2016. As people may have noticed in the past few months, social media are pretty popular in the Middle East. More than 30 million are estimated to be on various services, including 15 million on Facebook.

    *Movile/nTime (Brazil), founded by a trio of videogamers in Brazil, has developed the first desktop and wireless games in the Brazilian market. Today the company provides entertainment content, m-payments for virtual goods, marketing services, and application distribution through the Zeewe app store to more than 100 million active users worldwide.

    *TA Telecom (Egypt) has been providing connectivity to Egypt’s mobile market since 2000, and has ridden a 1000 percent surge in demand since those early days to become one of the Middle East’s largest platforms for time- and location-specific content. The company is expanding its SMS-based information services to cater to consumers, industries, advertisers, and entities serving social, political, and religious communities.

    *Yola (South Africa) is an online platform that allows people without programming skills to easily develop Websites through a simple drag-and-drop system. Yola currently has more than 3 million users worldwide, and last December the company signed a distribution deal with Hewlett-Packard to pre-install Yola on all HP computers — approximately 60 million per year. Yola also signed a recent deal with AOL and was selected by Google to serve as the default Web host for its new “Get Your Business Online” initiative.

            Each of these companies represents more than a success for the individual entrepreneur. In many cases, these businesses have helped create indigenous Internet economies in their countries, driving demand for skills and serving as role models for a whole emerging ecosystem of talent and innovation.

            Many of these countries may need more help than a few tech startups can offer. However, any dynamic that increases demand for skilled workers, literate consumers, and engaged citizens is a force for positive change.

            MBA students, on working with Endeavor company Aguamarina

            A recent post introduced the MAP (Multidisciplinary Action Project) program at the University of Michigan’s Ross School of Business. The program connects teams of first-year MBA students to businesses around the world, giving them a seven-week hands-on experience inside a company. This year, Endeavor partnered with the MAP program, offering Ross students the opportunity to work with three Endeavor-supported companies. The last post spotlighted students who worked with Top Systems in Uruguay. This one features the students who traveled to Chile to work with Aguamarina.

            Led by Endeavor Entrepreneur Pamela Chavez-Crooker, Aguamarina is a Chilean biotech research and development company. The firm offers laboratory services to local copper mines and develops prototypes for environmentally-responsible products that increase the efficiency of copper extraction.

            While millions heard about the Chilean copper mine collapse last year, few know that the copper industry comprises 45% of Chile’s exports—making it a key sector of the economy.

            “When we set off for Chile, we had a basic understanding the scale of the mining operations,” says Kyle Schmidt, one of the MAP project team members, “but when we got there we realized it’s bigger than you could possibly imagine.”

            While the team spent some time in the field, most of their time was spent working in the office or the lab. “We gained exposure to what the company does and how it works and we were even able to arrange meetings with a couple of Pamela’s big clients, which was fascinating,” Kyle says.

            Fellow team member Jonathan Sabatini emphasized the applicability of his team’s combined business knowledge: “Working with Aguamarina was an incredible opportunity to tackle real business challenges faced by entrepreneurial companies, using the skills learned in the MBA program at the University of Michigan.” His team, whose backgrounds ranged from brand management to finance to management consulting, was able to provide both learned skills and proactive guidance to Aguamarina.

            Despite their limited knowledge of the copper mining industry going into the project, the team was not deterred from diving in. In fact, they feel their outsider perspective was likely an asset to the company, which, as participant Cory Padesky said, “was getting ready to scale up.” He adds, “We realized that they didn’t have anybody to sit down and think about what they should do next. They were just trying to keep the company going. We were helping to come up with their future solutions.”

            Encouraged by their work with the company, the group also appreciated the larger network that Endeavor provided to them and Aguamarina. “I got a sense that Endeavor really helps its companies throughout the process from start up to scaling,” says Cory. “I’m glad I could be a small part of that.”

            When they weren’t working, the team had a blast exploring the beautiful surroundings and engaging in the local culture and festivities. Check out some of their great photos on Facebook!

            Spotlight on Endeavor Aguascalientes

            At the recent Endeavor Summit awards ceremony, Mexico was recognized as the country with the Highest Portfolio Representation, a testament to the country’s strength in the Endeavor network. Founded in 2002 as one of Endeavor’s earliest offices, Endeavor Mexico continues to thrive, and operates numerous affiliate offices throughout the country. Endeavor Aguascalientes (Facebook / Twitter), which opened in 2007, has been particularly noteworthy in its recent accomplishments.

            Like Mexico’s eight other regional offices, Endeavor Aguascalientes supports a range of mostly early-stage entrepreneurs, some of whom enter the selection process to become official Endeavor Entrepreneurs. In 2010, Endeavor Aguascalientes selected 21 entrepreneurs, engaged 76 mentors who donated 2,744 combined hours in mentorship and oversaw $1,400,000 in grants to entrepreneurs, 14 board members and 6 staff members. Beyond these quantifiable achievements, the Aguascalientes office has also been a leader in fostering community around their entrepreneurs, which is evident in recent efforts.

            Recently, Endeavor Aguascalientes Mexico hosted its second Gala Dinner to bring together the state’s top business leaders; days before, the office published The New Face of Aguascalientes, which features seven inspiring stories of entrepreneurs in the region. Highlights of the gala and the publication are included below.

            Endeavor Aguascalientes Gala

            On June 23, Endeavor Aguascalientes Mexico and the Development Entrepreneurs AC held its annual Gala dinner, bringing together 400 prominent local business leaders and honoring their role as economic change agents. In keeping with an environmental theme, the Center of Interactive Science and Technology was vibrantly adorned in green.

            Five awards were given out. Jose Arteaga Niepmann, whose business La Huerta creates 100% natural products and employs over 1,500 families, received the award for “Business Growth.” Meanwhile, “Mentor of the Year” went to Enrique López Vázquez and Raul Adames Carbajal, acknowledging their active role in local selection panels and their commitment to social change. The law firm Arellano, Zavala & Igartúa won “Partner of the Year.”

            The “Social Commitment” award went to Jose Luis Garcia, whose arts and crafts workshop “Polvo de Agua” (Dust Water) promotes Mexican tradition and artistic expression. Finally, Gonzalo Padilla Gallardo of Electro GP was selected as the year’s top entrepreneur, who participated most actively in the network.
            One of the sponsors for the event was Endeavor Entrepreneur firm Tequila Milagro.

            La Nueva Cara de Aguascalientes (The New Face of Aguascalientes)

            All Gala guests received a copy of The New Face of Aguascalientes, a new book which shares the stories of seven entrepreneurs (supported by Endeavor) that are transforming the state of Aguascalientes into a region of growth, optimism, and economic welfare. The book includes numerous case studies highlighting the entrepreneurs’ growth, obstacles, and accomplishments—along with insights from Deloitte. Companies include the company Mex Q, selected by Endeavor in 2010.

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