Endeavor (non-profit)

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Endeavor
Type Non-Profit
Founded 1997
Headquarters New York City, New York, United States
Area served 20 affiliate offices in Latin America, the Middle East, Southeast Asia, Africa, and Europe [1]
Key people Linda Rottenberg (CEO)
Edgar Bronfman, Jr. (Chairman)
Fernando Fabre (President)
Employees 300+ worldwide
Website endeavor.org

Endeavor is a non-profit organization headquartered in New York City that credits itself as pioneering the concept of high-impact entrepreneurship in emerging and growth markets around the world. Its mission is to “lead the global movement to catalyze long-term economic growth by selecting, mentoring, and accelerating the best High-Impact Entrepreneurs around the world.” [2]

Established in 1997, Endeavor is headquartered in New York City with satellite offices in San Francisco, Dubai, and Singapore. It also has offices in Argentina, Brazil, Chile, Colombia, Egypt, Greece, Indonesia, Jordan, Lebanon, Malaysia, Mexico, Miami, Morocco, Peru,Saudi Arabia, South Africa, Spain, Turkey, UAE and Uruguay. The organization has announced plans to reach 25 countries by 2015, including expansions in the Middle East, Europe and Southeast Asia. [1]

Model[edit]

Endeavor aims to identify and support those entrepreneurs with the greatest potential for economic and social impact in their regions. With a five-step model of Launch, Select, Support, Multiply and Give-Back, Endeavor provides the entrepreneurs in its network with services that will help them grow their ventures, create jobs, transform economies and support future generations of entrepreneurs.[3]

In 16 years, Endeavor has screened and provided feedback to 37,000+ candidates and selected 900+ High-Impact Entrepreneurs from 500+ companies. Supported and mentored by a network of 2,500+ local and global business leaders, these entrepreneurs have created over 225,000 high-value jobs and in 2012, generated $6 billion in revenues. Among other impact metrics, companies in the Endeavor portfolio average a 68% growth rate within the first two years of selection.[4] Currently, Endeavor Entrepreneurs donate annually back to the organization, which eventually aims to be self-sustaining.

History[edit]

  • 1997: Linda Rottenberg and Peter Kellner establish Endeavor.[5]
  • 1998: The AVINA Foundation provides $500,000 in seed capital and an Argentine business leader provides a $200,000 matching grant. Endeavor initiates offices in Argentina and Chile.
  • 1999: Endeavor organizes its first venture forums, linking international investors with emerging-market entrepreneurs.
  • 2000: Endeavor launches Endeavor Brazil and Uruguay.
  • 2001: Endeavor holds its ninth selection panel, and selects its 100th entrepreneur. Endeavor launches Endeavor Mexico. Time Magazine recognizes Endeavor’s founders as among the “Top 100 Innovators for the 21st Century” in its November 5, 2001 issue.[6]
  • 2002: The Schwab Foundation and the World Economic Forum endorse Endeavor as one of 40 leading examples of social entrepreneurship from around the world.,[7]
  • 2003: The International Finance Corporation funds Endeavor scoping trips to Africa, and Endeavor decides to launch a South Africa affiliate.
  • 2004: Edgar Bronfman Jr becomes Chairman of Endeavor’s Global Board of Directors.
  • 2006: James Wolfensohn, former president of The World Bank, joins Endeavor’s Global Board of Directors. Endeavor opens operations in Colombia and Turkey.
  • 2007: Endeavor celebrates its 10th anniversary. MercadoLibre is the first Endeavor company to go public on NASDAQ. Thomas Friedman highlights Endeavor in the latest edition of his book, The World is Flat: A Brief History of the Twenty-first Century Version 3.0].[8]
  • 2008: Endeavor opens affiliates in Egypt, Jordan and India. Wenceslao Casares, one of the first Endeavor Entrepreneurs, joins the Global Board of Directors.[9] Linda Rottenberg co-chairs the World Economic Forum on the Middle East, held in Egypt.[10] Endeavor receives a commitment of $10 million from the Omidyar Network.[11]
  • 2009: Endeavor launches the Mentor Capital Program, Global 25 Program, Endeavor Jordan, and Endeavor's Center for High-Impact Entrepreneurship research arm. Endeavor opens its satellite office in San Francisco. Endeavor Brazil engages 5.3MM people in Global Entrepreneurship Week. Second HBS case study is published, focused on Endeavor in the MENA region. Andy Freire becomes the first Entrepreneur to serve as a country board chairman (Argentina).
  • 2010: Endeavor launches in Egypt. Endeavor’s CEO, MENA board members, and several Endeavor Entrepreneurs participate in US Presidential Summit on Entrepreneurship.
  • 2011: Endeavor launches in Lebanon and Dubai (UAE).
  • 2012: Endeavor introduces Endeavor Catalyst, a sustainability initiative, and launches in Indonesia, Saudi Arabia, and Greece.
  • 2013: Endeavor launches in Miami, Florida and Kuala Lumpur, Malaysia as well as Casablanca, Morocco. Miami becomes its first location in the United States and Kuala Lumpur becomes the second location in Asia. [12]
  • 2014: Endeavor launches in Peru and Spain, its second location in Europe.

Events[edit]

Endeavor Gala[edit]

Endeavor holds a gala fundraiser event in New York City every year. The Gala brings together nearly 500 top international business leaders, decision makers and Endeavor network members to celebrate the organization's work and honor the accomplishments of well-known entrepreneurs and executives.

Gala honorees have included:

Endeavor Summit[edit]

Endeavor also holds an invitation-only biennial summit that convenes leading entrepreneurs, investors and stakeholders in the Endeavor network to discuss and learn about strategies for entrepreneurial growth and innovation. The Summit regularly features panels, workshops and keynote talks from some of the world's leading entrepreneurs and business people.

The 2013 Summit took place in San Francisco and featured talks with Alex Asseily, CEO of Jawbone, Jack Dorsey and Biz Stone, founders of Twitter, John Donahoe, CEO of eBay and Dave Goldberg of SurveyMonkey, among other big names.

Accolades[edit]

Thomas Friedman, best-selling author and Pulitzer Prize winning columnist, stated in his book The World is Flat that "Endeavor was formed for the purpose of promoting entrepreneurs in emerging markets. Its basic model is to link up small and midsize businesses with seasoned entrepreneurs so that little guys and gals can get the advice and contacts they need to grow their companies into bigger businesses that can employ more people -- the best antipoverty program of all."[8]

Endeavor Global Board[edit]

External links[edit]

Sources[edit]

  1. ^ a b "Endeavor Affiliates". January 2014. 
  2. ^ "Endeavor Mission Statement". February 2014. 
  3. ^ "Endeavor Model". January 2014. 
  4. ^ "Endeavor Top Metrics". February 2014. 
  5. ^ "The Justice". Thejusticeonline.com. Retrieved 2011-03-24. 
  6. ^ Morse, Jodie (2001-11-05). "Charity Without The Checks". TIME. Retrieved 2011-03-24. 
  7. ^ "Schwab Foundation for Social Entrepreneurship - Profiles". Schwabfound.org. Retrieved 2011-03-24. 
  8. ^ a b "Tom Friedman Calls Endeavor's Model ``The Best Anti-Poverty Program of All''". Businesswire.com. 2007-07-25. Retrieved 2011-03-24. 
  9. ^ [1][dead link]
  10. ^ World Economic Forum on the Middle East
  11. ^ a b "ON | Endeavor Receives $10 Million Commitment from Omidyar Network to Support High Impact Entrepreneurship in Emerging Markets". Omidyar.com. 2008-07-31. Retrieved 2011-03-24. 
  12. ^ "Endeavor launches a second Southeast Asian country affiliate in Malaysia - See more at: http://www.endeavor.org/blog/endeavor-malaysia/#sthash.QDVVDIow.dpuf". Retrieved 2013-10-30. 
  13. ^ "Emilio Azcárraga Jean - Wikipedia, the free encyclopedia". En.wikipedia.org. Retrieved 2011-03-24. 
  14. ^ "Matrix Partners " Team " Nick Beim". Matrixpartners.com. Retrieved 2011-03-24. 
  15. ^ "Abraaj Capital | Investing in Foresight". Abraaj.com. Retrieved 2011-03-24. 
  16. ^ "America's Best Leaders: Linda Rottenberg, Entrepreneur - US News and World Report". Usnews.com. 2008-11-19. Retrieved 2011-03-24. 
  17. ^ Lorenzo, Mauro De. "Entrepreneurial Philanthropy in the Developing World". AEI. Retrieved 2011-03-24.