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The impact of Endeavor companies on helping to build the Turkish tech sector was underscored on March 1st in a half-page story in Hurriyet, one of Turkey’s largest newspapers.
Using Endeavor Insight’s images, the article helps illustrate the evolution of Turkey’s tech sector. It points to a proliferation of new and interconnected Turkish companies starting around the time Endeavor launched its affiliate office there in 2006.
The headline translates in English to “Snowball Effect on Technology” and the article acknowledges that the Endeavor entrepreneurs that have gotten bigger in Turkey have become mentors and investors themselves, contributing to the creation of new branches in the entrepreneurial ecosystem. The “multiplier effect” exactly!
In 2011, the total revenue of Endeavor companies in Turkey was $ 160 million, and the job creation total was 2177.
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