“If people aren’t callIng you crazy, you aren’t thInkIng

IMpact report 2012 – 2013

1 WelcoMe

3 ScalIng up

26 the enDeaVor MoDel

36 IMpact anD reSultS

38 SuMMIt rounDup

43 netWork

60 fInancIalS, DonorS, & BoarD MeMBerS

enough.”

lInDa rottenBerg

enDeaVor IMpact report 2012 – 2013

When economies turn down, entrepreneurs turn up.

a year ago, when we launched Endeavor’s

office in Athens, Andrew Ross Sorkin

interviewed me on CNBC. His first

question? “Why in God’s name, if you

were going to start doing business

in Europe, would you start by doing

business in Greece?” Andrew had

a point: It was September of 2012, and

the Greek economy was on the verge

of a spectacular meltdown.

But when economies turn down,

entrepreneurs turn up. Over the past

year, our offices in Greece and elsewhere

have weathered all manner of political

and economic upheaval: A downturn

in Brazil, protests in Turkey, regime

change in Egypt, and a debt crisis in the

Eurozone. Through it all, Endeavor affili-

ates have remained steadfast in their

mission to support innovators with the

potential to lift economies.

The entrepreneurs we support col-

lectively generate $6 billion in annual

revenues and employ 225,000 people.

In Egypt, Dr. Amina Hassab is heading

one of the fastest-growing medical labs

in the country. She employs over 150

people—half of whom are women. In

Greece, sisters Maria and Penny Vlachou

are breathing new life into the snail-

processing business. Fereikos-Helix,

their company, provides work for some

200 snail farmers. And in Brazil, Bento

Koike’s wind blade company, Tecsis, cre-

ated a whopping 4,000 jobs last year to

reach a total of 7,000.

We’ve also spent the past twelve

months rethinking our model in the

1

context of today’s realities. We realized

that opportunities for—and obstacles

to—entrepreneurship can be found

everywhere. With this in mind, we’ve

kept up our robust presence in emerging

and growth economies, launching

affiliates in Malaysia, Morocco, and

the United Arab Emirates, but we’ve also

sought to expand our network into

developed markets, starting with an

affiliate in Miami.

Previous generations had politi-

cians and bureaucrats, corporate men

and financiers. Ours has entrepreneurs:

Creative men and women with the heart

to effect change. Their drive is the best

remedy to today’s stagnant economy;

their agility, the best solution to today’s

uncertain climate.

We’re in the midst of an entrepreneur-

ial revolution. The entrepreneurs are

turning up. Are you?

lInDa rottenBergenDeaVor co-founDer & ceo

1

WelcoMe

Scale upS contrIBute BetWeen

anD

of net neW JoBSto the econoMy

ENDEAVOR IMPACT REPORT 2012 – 2013

Scale up companies are today’s Job creators

It haS BecoMe fashionable to associate the

word “entrepreneurship” with “start-up.”

The media celebrates stories of 19-year-

olds launching companies from their col-

lege dorms and Brooklyn moms building

national businesses on eBay. Yet while

Mark Zuckerberg did grow Facebook

from his Harvard dorm room into a pub-

licly traded company, one third of start-

ups fail within two years, never creating

the amount of jobs and revenue that can

significantly impact an economy.

Endeavor believes that the real

heroes are the small subset of entrepre-

neurs who move their companies from

start-ups to scale ups, small- to medium-

sized businesses that record 20% or

more average annual growth over a

three-year period. Endeavor Insight—the

organization’s research arm, launched

with seed funding from the Omidyar

Network—conducted studies based

on World Bank surveys in a number of

emerging markets. The data shows that

while scale ups represent just six to

twenty percent of businesses, they

contribute the lion’s share of net new

jobs, anywhere from 25 to 91%!

By finding and supporting these

high-impact entrepreneurs, Endeavor

hopes they will create even more

jobs and generate even more revenue.

The organization’s track record is strong:

In markets as diverse as Brazil, Mexico,

South Africa, and Turkey, Endeavor

companies create two to twenty times

more jobs than comparable companies.

Unless otherwise noted, all revenue figures in this report are in U.S. dollars.

SCALING UP

3

SerIal entrepreneur, DJ, and brand-

ing genius, Anton Wirjono was run-

ning a Jakarta-based events agency

when a new opportunity crystallized:

Indonesia’s creative class—everyone

from young designers to eager urban

consumers—was booming, and the

demand for hip products was oustrip-

ping supply.

Anton decided to meet demand

and launched the goods group,

a department store that aspires to be

the “universal provider of everything

cool.” Offering a highly curated shop-

ping experience, The Goods Group sells

mid-to-upscale apparel, accessories,

and shoes. Its in-store café serves items

like “coffee-rubbed burgers.” Since the

first location opened its doors in 2010,

two more have followed, collectively

Panelists interview Endeavor Entrepreneur candidate Anton Wirjono during Interview Day at the 49th International Selection Panel in Johannesburg, South Africa.

Selecting high-Impact entrepreneurs

employing over 300 people.

By early 2013, Anton was leading a

high-growth scale up company. He had

ambitious plans to reach 17 stores and

1,500 employees by 2015. But to do so,

he knew he’d need to overcome signifi-

cant challenges. To finance expansion,

for example, Anton needs to access

smart capital. And to be able to focus

on his strengths—business development

and branding—he has to hire senior man-

agement with operational expertise. But

both fundraising and finding top talent

in Jakarta are challenging. So when

Sati Rasuanto, the Managing Director of

Endeavor Indonesia, spoke to him about

Endeavor, Anton’s interest piqued, and

he agreed to join the candidate pipeline.

Over the following months, members

of Endeavor’s network reviewed both

ENDEAVOR IMPACT REPORT 2012 – 2013

538Anton and The Goods Group against

Endeavor’s selection criteria, including

the entrepreneur’s leadership potential

and his ability to think BIG.

Having passed through first- and

second-opinion reviews, Anton attended

a Local Selection Panel in Jakarta,

where Endeavor Indonesia Board

Members cleared Anton for presenta-

tion at an International Selection Panel.

Finally, Sati and her team prepped Anton

for the“ISP,” at which six global business

leaders would interview Anton about

his business, and then deliberate and

vote on whether or not he has the high-

impact potential necessary to become

an Endeavor Entrepreneur.

Joining Anton at the 49th

International Selection Panel in

Johannesburg, South Africa, were candi-

dates representing a range of countries

and industries. There were three men

from Egypt running a round-the-clock

healthcare services company in Cairo.

There were two sisters from Greece

leveraging relationships with 200 snail

farmers to sell snails and snail products

to wholesalers throughout Europe. And

there was an entrepreneur whose com-

pany provides catering services to major

corporations in Mexico.

On Interview Day, panelists grilled

9COMPANIES FROM TWO COUNTRIESSELECTED IN 1998

COMPANIES SELECTED FROM 14 COUNTRIES AS OF OCTObER 2013

Yogome, an Endeavor Mexico company, develops educational tablet and mobile games for kids aged four to ten. Most recently, Yogome received funding from an Endeavor Senior Advisor who met founder Manolo Díaz through Endeavor.

bIg NUMbERS: ENDEAVOR

5

$6bAnton on fundamental issues such

as governance and talent. They asked

him about his plans for expansion and

assessed his leadership potential.

“It was humbling,” Anton told Sati,

“to sit across the table from incredible

business executives who had taken time

to review my business. I don’t want to

let them down. I want to grow The Goods

Group into a major company as they

did with their own businesses.”

The following afternoon, panelists

came together to discuss Anton and

his business, comparing both against

the selection criteria. All agreed that

Anton was a clear fit for Endeavor.

An inspiring leader who had achieved

incredible and early success with

The Goods Group, Anton seemed none-

theless open to feedback from mentors.

his company had a significant runway

for growth and was poised to be a major

national or even international job creator.

And with his significant near-term

human resources and fundraising

challenges, Anton was at an inflection

point where Endeavor could offer key

support. The panelists voted

unanimously to select Anton as an

Endeavor Entrepreneur.

$332mreVenue generateD By enDeaVor coMpanIeS In 2002

REVENUE GENERATED BY ENDEAVOR COMPANIES IN 2012

“Sustainable econo-mies are dependent on high-impact entrepreneurship. What Endeavor does better than any other organization is to create entire cultures of entrepreneurship that spread within and between countries.”

REID HOFFMANCO-FOUNDER & EXECUTIVE CHAIRMANLINKEDINENDEAVOR GLOBALBOARD MEMBER

6

ENDEAVOR IMPACT REPORT 2012 – 2013

$6bRecruited 40+ top firmsas members

Coordinated 2,702 introductions between Endeavor Entrepreneurs and investors

Helped 72 Endeavor companies raise over $300m in equity capital

InVeStor netWorkThe Endeavor Investor Network connects venture capital and growth equity firms with Endeavor Entrepreneurs.

An annual membership program, the Investor

Network serves two goals: First, to extend the reach

of investment firms by providing introductions to

entrepreneurs who have passed through Endeavor’s

rigorous screening process, and second, to help

Endeavor Entrepreneurs access smart capital.

A “speed-dating” session between Founding Board Member Jason Green (Emergence Capital Partners) and Endeavor Entrepreneur Diego Saez-Gil (WeHostels) at a September 2012 Investor Network event.

SInce 2011:SpotlIght on

eMployeeS at SelectIon

380

featureD coMpany

loMarMoDernIzIng the thoBe

The thobe, a traditional robe-like garment worn by Arab men for centuries, is coming into the modern era thanks to Lomar, a Saudi fashion house led by designer Loai Naseem. Fed up with the shapeless, uniform cloth he was required to wear for business and social occasions, Loai decided to apply his eye for design to create more comfortable and trendy options for Arab men. Lomar has overcome resistance from those who did not believe in modernizing the thobe and has established its position as a leading men’s traditional luxury brand since opening its first showroom in 2005. The company sells 50,000 thobes per year, with 380 employees and a large production facility. Lomar can use this leading position to take advantage of rapid growth in Saudi luxury goods, an important segment of the Middle East’s largest market.

loai naseem coMpanyloMar

SelecteD2012

InDuStryfaShIon

countrySauDI araBIa

poSt-SelectIon, entrepreneurs like Anton

enter the next chapter in their Endeavor

journey. During their initial months

as official Endeavor Entrepreneurs,

they receive customized service plans

designed to help them tackle short-

and long-term challenges. They work

with their Endeavor account manager

to set up advisory boards that meet

quarterly and are populated by the

organization’s mentors and industry

experts. And they begin to participate as

formal members of their local Endeavor

network of board members, mentors,

and fellow entrepreneurs.

Down the line, Endeavor

Entrepreneurs can attend events

like a biennial networking Summit

in San Francisco (see pages 38–42 for

highlights from the 2013 Summit)

or industry-specific immersion tours.

Entrepreneurs looking for advice on

tax and insurance issues can apply for

an EY fellow or intrapreneur, executives

who work on the ground with entrepre-

neurs for six weeks—delivered free of

charge through Endeavor’s partnership

Scaling up endeavor’s high-Impact entrepreneurs

with EY. Founders needing consulting

support on topics like international

expansion or marketing strategy can

recruit an “eMBA student.” Through

Endeavor’s partnership with Barclays,

over 400 eMBAs from top schools

have spent their summers at Endeavor

companies.

In 2013, Endeavor marked its 80th

engagement with the MIT Global

Entrepreneurship Lab program, which

matches teams of four second-year MBA

students with Endeavor Entrepreneurs

for part-time work during the fall semes-

ter and full-time on-site work for the

month of January.

Andrés Angulo, for example,

challenged an MIT “G-Lab” team

to research international expansion

targets in Latin America for his

company, campoalto, which runs voca-

tional health training schools through-

out Bogotá, Colombia. By offering a

pay-as-you-go plan and flexible class

schedules, Campoalto has graduated

over 20,000 alumni, primarily from low-

income communities. Andrés’s G-Lab

eMployeeS at SelectIon eMployeeS 2013

BIg nuMBerS: caMpoalto

218 400Students attending vocational classes at a Campoalto campus in Bogotá.

10

ENDEAVOR IMPACT REPORT 2012 – 2013

team suggested that he consider

launching in Miami, where the combina-

tion of a need for healthcare profession-

als and a large immigrant population

provided fertile ground for Campoalto

schools. Andrés decided to take the

team’s advice. His company will launch

its first school in Miami by year-end 2013.

Following another suggestion from the

G-Lab team, Campoalto’s Miami campus

will pair healthcare training with English

proficiency classes because the United

States government requires that most

board certification classes be taught

in English.

Endeavor’s range of support services

seeks to connect entrepreneurs to

a network of executives and subject

matter experts who can help them navi-

gate problems and seize opportunities.

a 2013 endeavor Insight study showed that

65% of the founders of the fastest-growing

endeavor companies reported that the best

business advice they had ever received

came from an endeavor mentor.

Arturo Galvan of naranya, for exam-

ple, was advised by an Endeavor mentor

that his company’s focus on providing

mobile services for basic phones

was too narrow. To stay relevant, the

mentor warned, Naranya would need

to eventually branch into smartphone

offerings. As a result, Arturo began

investing aggressively in R&D, launch-

ing an Innovation Unit of 20 engineers

as well as a start-up accelerator and

early stage fund. From 2011 to 2012, the

Mexican company grew revenues by

36% and jobs by 18%.

pozitron, a Turkish mobile B2B

company, reported that at the 2007

Summit, a mentor told them to “never

delegate negotiation.” The founders

implemented the advice by continuing

to participate in contract negotiations

with major clients, which led them to

develop and strengthen long-term,

sustainable partnerships. Between 2011

and 2012, the company reported 77%

growth in revenues and 70% growth

in jobs.

Arturo Galván, the founder & CEO of Naranya, in the company’s Monterrey, Mexico headquarters.

“you cannot hope to lift economies without promoting entrepreneurship. endeavor has proven itself the most effective organization at building entrepre-neurial ecosystems where none had existed before.”JaMeS WolfenSohn chaIrMan WolfenSohn & coMpany llc

SCALING UP

pozItron’S Story is emblematic of a

trend repeatedly observed in Endeavor

companies post-selection: a strong

correlation between revenue growth and

job creation. While this may seem like

an obvious parallel, in reality, compa-

nies reporting high revenue growth

don’t always invest in new hires. When

broken down by affiliate, there were nine

cases in which, from 2010 to 2012, the

company with the top absolute growth

in revenues also recorded the highest

absolute growth in job creation. These

nine companies—headquartered in

Brazil, Colombia, Egypt, Greece, Jordan,

Lebanon, Mexico, Saudi Arabia, and

Turkey—represent a variety of industries,

including tourism, mobile payments,

and IT services.

Let’s take a closer look at four.

While attending Brazil’s Institute for

Aerospace Technology in the mid-70s,

Bento Koike built a wind turbine for a

class. Roughly 20 years later, Bento

revisited this experience and launched

tecsis, a manufacturer of custom turbine

blades for the wind energy industry.

Today, Tecsis is at the forefront of

cleantech, with 40,000 blades in opera-

tion worldwide. The company estimates

that it manufactured about 50% of

all custom blades operating in North

America. In 2012, Tecsis had the highest

revenue of any Endeavor company. From

2010 to 2012, Tecsis also recorded the

highest absolute growth in revenues and

the highest absolute growth in jobs.

lomar—the first company selected

from Saudi Arabia—manufactures and

sells modernized thobes, a traditional

robe-like garment that has been worn

by Arab men for centuries. Lomar’s

founder, Loai Naseem, was the Creative

Director of a Saudi ad agency when,

frustrated by the limited thobe options

on the market, he designed his own.

Loai’s thobes received so many compli-

ments that he began to accept orders

from friends and colleagues. A year later,

Loai formally launched Lomar. Today,

men can purchase thobes at 11 show-

rooms throughout Saudi Arabia and via

the company’s online site. Loai also has

plans to expand Lomar internationally.

the link Between revenue growth and Job creation

eMployeeS at SelectIon In 2002

reVenue at SelectIon In 2002

BIg nuMBerS: tecSIS

$25.7m

$800m600

Bento Koike, the founder and CEO of Tecsis.

7,000 “endeavor has had a tremendous impact on my business, my vision, and, most importantly, on my expectations for myself. this impact has driven me to become an endeavor egypt board member so that I can contribute to furthering the mission and impact locally.”aMr ShaDy founDer & ceo, t.a. telecoMenDeaVor entrepreneur

ENDEAVOR IMPACT REPORT 2012 – 2013

From 2010 to 2012, Lomar’s revenues

increased by $5 million, and the

company added 90 employees to

its workforce.

While studying industrial engineer-

ing at university, Carlos Londoño sold

his first tour package to high school

seniors in Bogotá, Colombia. His current

venture, travel & Vacation group,

continues Carlos’s passion for getting

people to travel. Equal parts travel

agency and hotel chain, TVG’s main

product is an “all-inclusive” travel pack-

age to the island of San Andrés that

includes flight, hotel, food, beverages,

and other benefits. Salesmen go door-

to-door to sell these packages, offer-

ing monthly installment plans in order

to make the vacations affordable for

low- to-middle-income families. Against

the backdrop of a booming Colombian

economy, the company’s revenue has

tripled over the past two years—to $88

million—and TVG added 1,700+ jobs.

Across the Atlantic, Baydöner,

a chain of fast-casual restaurants, led

Endeavor Turkey’s roster in terms of job

and revenue growth. Having grown

up in families where dining out was

not an option, founders Levent Yılmaz

and Feridun Tunçer decided to open

restaurants in middle-class malls and

shopping centers. And by serving just six

dishes—iskender döner (a plate of thinly

cut grilled meat served with tomato

sauce and yogurt on pita bread), four

side options, and künefe (a traditional

Turkish dessert)—Baydöner restaurants

can guarantee high standards and

service quality while keeping prices low.

The concept has been a hit. Today,

Baydöner operates 70 restaurants—

including 17 franchises—across 34 cities

in Turkey. From 2010 to 2012, Baydöner

added $32 million in revenues and

370 jobs.

$25.7m

$800meMployeeS 2013

Tecsis estimates that it manufactured 50% of all custom wind blades in operation in North America.

7,000

reVenue 2012

13

featureD coMpany

BayDÖnerBrIngIng DÖner to the MaSSeS.

İskender döner, a dish of thinly cut grilled meat served with hot tomato sauce and yogurt over pita bread, is a Turkish specialty. Having grown up in families where dining out was not an option, entrepreneurs Feridun Tunçer and Levent Yılmaz decided to found Baydöner (“Mr. Döner”), a restaurant chain that serves high-quality iskender döner at fast-food prices.

With its delicious döner recipe, affordable prices, and rigorous qual-ity standards, Baydöner has been attracting waves of Turkish consumers. Since the launch of the first Baydöner location in 2007, the company has expanded to operate 70 restaurants, including 17 franchises, across 34 cities in Turkey. In the next five years, Feridun and Levent plan to leverage their efficient operations to reach 200 restaurants across Turkey and MENA.

feridun tunçer & levent yılmazcoMpanyBaydöner

SelecteD2012

InDuStryconsumer: food & Beverage

eMployeeS at SelectIon550

eMployeeS 20131,000

reVenue 2011$26.6m

reVenue 2012$45m

any coMpany can create jobs, but the

best ones build careers. Endeavor is

committed to helping its entrepre-

neurs succeed on both fronts: endeavor

entrepreneurs create jobs 5.4x faster than

peer entrepreneurs in their respective

countries, and they do so while guarantee-

ing high levels of employee satisfaction.

In 2010, Endeavor Insight surveyed

the employees of Endeavor South Africa

companies. The data showed that not

only were Endeavor companies paying

significantly above minimum wage—

with a great trickle-down effect on fami-

lies—but also that employees received

a range of benefits from working for

an entrepreneurial company. These

benefits included higher job satisfaction,

better training opportunities, and a

sense that they were advancing faster

than peers.

Over the past three years, Endeavor’s

research team has completed addi-

tional surveys of over 2,000 Endeavor

company employees in six countries:

Argentina (2011), Brazil (2011), Egypt

(2012), Jordan (2012), Turkey (2011), and

Uruguay (2011). The results reveal some

interesting global patterns emerging

from the workforce effects of rapidly

scaling high-impact companies.

What kind of Jobs Do high-Impact entrepreneurs create?

countries Surveyedendeavor Insight has surveyed 2,000 endeavor company employees from six countries.

JorDan

turkey

egypt

BrazIl

uruguayargentIna

click here to read the endeavor Insight report.

16

ENDEAVOR IMPACT REPORT 2012 – 2013

roughly 80% of employees of Endeavor

Entrepreneurs said they were satisfied

or very satisfied with their current job

versus just 46% who were satisfied

with their previous job. The results

varied little by country with respondents

ranging from 77–85% satisfied.

When asked about company culture and

professional development, the results

yield a similarly compelling picture.

Levels of satisfaction were approxi-

mately 50% higher at Endeavor compa-

nies versus previous employers.

The individual survey results

found in different Endeavor countries

are also interesting:

Just 34% of employees of Endeavor

Brazil companies said that they were

satisfied with the workplace culture

at their previous jobs; after moving to

an Endeavor firm, however, that figure

spiked to 78%.

Jordanian employees of Endeavor-

backed firms are over 3x more satisfied

with their compensation compared to

their rating of their previous job.

In Uruguay, employees of Endeavor

Entrepreneurs are more than 2x as

satisfied with their opportunities for

professional development than they

were at their previous jobs.

employee Satisfaction

61% / 77% 76% / 79%

egypt

37% / 85%

turkey

46% / 80%

(aVerage)

32% / 80%

BrazIl

19% / 80%

JorDan

52% / 82%

uruguay

Satisfaction in previous vs. current Job% at previous job / % at current job

argentIna

17

WIth hIgher IncoMeS and better

advancement opportunities, Endeavor

Entrepreneur employees are able to

provide their children with a high level

of educational opportunity. On average,

92% of employees said that their

current job allowed their children to

have a better or similar education as

children of their peers. In several

countries, including Argentina, college-

age children of Endeavor Entrepreneurs’

employees are over 3x more likely than

their peers to attend university.

employees’ families

Percentage of Employees’ Children with

Equal or Better Access to Education than Comparable

Workers’ Children

97% 91 81 97 92

Percentage of Employees Satisfied with

Company Culture% at previous job / % at current job

21% 50%

50%

34% 78%

68%

59% 86%

63%

23% 78%

70%

23% 69%

51%

24% 69%

54%

22%

27%

63%

20%

26%

22%

Percentage of Employees Satisfied with

Professional Development% at previous job / % at current job

“the abraaj group has developed a deep relationship with endeavor as a means to nurture entrepreneurial ecosystems in many of the world’s fastest-growing markets… it’s a mission we are completely aligned with.”arIf naqVIfounDer & group ceothe aBraaJ groupenDeaVor gloBalBoarD MeMBer

18

ENDEAVOR IMPACT REPORT 2012 – 2013

color key: argentIna BrazIl egypt JorDan turkey uruguay aVerage

a key long-terM goal of Endeavor

is to increase the visibility and promo-

tion of entrepreneurship as a viable

career choice. On average, 80%

of employees in Endeavor companies

said that they believe very strongly

in entrepreneurship. This interest was

particularly high in South Africa, where

100% of respondents reported that they

had either a high or moderate interest

in becoming entrepreneurs in the future.

In Argentina, that figure was over 90%.

And in many countries, employees

expressed a strong desire for their

children to become entrepreneurs one

day. In Egypt, for example, over 90% of

employees said they would be happy if

their children became entrepreneurs.

Interest in entrepreneur-ship

argentIna egypt turkey

uruguayBrazIl JorDan

Percentage of Employees with Interest in

Becoming an Entrepreneur Themselves% with High Interest / % with Moderate Interest / % with Low Interest

42% 45% 48%

48% 71% 56%

33% 37% 38%

45%

23%

27%

SCALING UP

19

featureD coMpany

traVel & VacatIon groupSenDIng coloMBIanS on VacatIon

While studying industrial engineering at university, Carlos Londoño sold his first tour package to high school seniors in Bogotá. His current venture, Travel & Vacation Group, continues Carlos’s passion for getting people to travel. Equal parts travel agency and hotel chain, TVG’s main product is an “all-inclusive” travel package to the island of San Andrés that includes flight, hotel, food, beverages, and other benefits. Salesmen go door-to-door to sell these packages, offering monthly installment plans in order to make the vacations affordable for low- to-middle- income families. Against the backdrop of a booming Colombian economy, the company’s revenue has tripled over the past two years—to $88 million—and TVG added 1,700+ jobs.

carlos londoñocoMpanytravel & Vacation group

SelecteD2008

InDuStrytravel & tourism

countrycolombia

eMployeeS at SelectIon600

eMployeeS 20131,750

reVenue 2007 $7.6m

reVenue 2012$64m

enDeaVorcatalySt

Globant, the first Endeavor Entrepreneur company to receive Catalyst funding, is Latin America’s leading software outsourcing firm. Just one year after Catalyst’s pioneering investment in Globant, WPP acquired a 20% stake in the company, resulting in a partial exit of Catalyst’s

invested capital. As of January 2013, Catalyst’s ROI multiple for the Globant partial exit is 1.97x. This exciting number is proof of the power of the Catalyst model to generate significant returns—and to propel the growth of both Endeavor and the high-impact companies it serves.

InVeStMentS to Date

InVeStMent caSe StuDy

To turbo-charge its global impact, Endeavor has created Endeavor Catalyst Inc. to co-invest in Endeavor Entrepreneurs raising professional rounds of capital.

In addition to financial returns to Endeavor, Catalyst Inc. generates numerous social benefits: As its investments in Endeavor Entrepreneurs fuel the growth of high-impact companies, they also create new jobs, revenues, and economic growth in the places that need them the most.

hIStorIcal returnS

Historical analysis of Endeavor Entrepreneurs’ performance with the Catalyst-defined, metrics-based investing over the past ten years would have yielded 2.9x return on invested capital, on par with the top quartile of growth capital funds.

enDeaVor: $10m threSholD(1998–2010)

caMBrIDge u.S. Vc 1St quartIle(1998–2010)

caMBrIDge u.S. Vc 2nD quartIle(1998–2010)

caMBrIDge eM Vc/pe aVg.(2000–2010)

caMBrIDge eM Vc/pe aVg.(2000–2010)

48%

23%

8%

15%

14%

SpotlIght on

“endeavor catalyst is a force multiplier for endeavor. It provides a new source of capital for entrepreneurs, strengthens ties with investors, and accelerates endeavor’s growth plans.”nIck BeIMgeneral partner, VenrockenDeaVor gloBal BoarD MeMBer

22

the Multiplier effect

after enDeaVor’S high-impact entrepre-

neurs scale up their companies, many

begin to take on new leadership roles.

Some speak at universities or entre-

preneurship events targeting the next

generation of leaders. Others mentor

or invest in newly-selected Endeavor

Entrepreneurs.

In brief, Endeavor Entrepreneurs

have an outsized influence on the

growth of their entrepreneurial ecosys-

tem—what Endeavor calls “The Multiplier

Effect.” The hope is that the combined

efforts of a community of high-impact

entrepreneurs will help to develop flour-

ishing ecosystems akin to what is seen in

places like Silicon Valley.

Case in point: In July 2013–16 years

after the launch of Endeavor’s first

office in Buenos Aires—Argentine think-

tank Prodem released the results of a

study, in which it asked 1,000 Argentine

entrepreneurs to name their entrepre-

neurial role models. four of the top-ten

most-named role models were endeavor

argentina entrepreneurs.

Coming in second on the Prodem

list (sandwiched between Steve Jobs,

who came in first, and Bill Gates,

who came in third) was Andy Freire.

In 1998, Andy and Santiago Bilinkis,

his business partner and another name

on the Prodem list, were chosen at the

organization’s first selection panel.

The two P&G alums had left the

corporate world to found officenet,

a warehouse-style retailer of office

supplies. With Endeavor’s help, Andy

and Santiago reworked their owner-

ship structure and expanded to Brazil.

Endeavor also secured them a meeting

with the CEO of Staples, who would

buy Officenet in 2005.

The following year, Endeavor

selected Marcos Galperín—number five

on the Prodem list—and Hernán Kazah,

two Stanford Business School grads

who had adapted eBay’s model to Latin

America by founding Mercadolibre.

Marcos and Hernán brokered a deal

with eBay, which acquired a stake in

their company. Today, MercadoLibre is

the leading online marketplace in Latin

America, with a Nasdaq listing, a market

InSpIratIon

When 1,000 Argentine entrepreneurs were asked to name their entrepreneurial role models, Endeavor Argentina Entrepreneur Andy Freire was the second-most-frequently cited person, after Steve Jobs and ahead of Bill Gates.

1

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SCALING UP

23

$3.2m

$72mBIg nuMBerS: offIcenet

capitalization of $6 billion, and 3,000

employees.

The final Endeavor Entrepreneur

to reach the “top ten” of the Prodem list

was Wences Casares. When Endeavor

selected Wences in 1998, he was a

23-year-old college dropout who had

started an online brokerage platform,

patagon.com. Endeavor organized a

roadshow for Wences that resulted in

a $4 million fund raise. Two years later,

Wences sold Patagon.com to Banco

Santander for over $750 million.

But these entrepreneurs’ stories

didn’t end when they exited their

companies. All but Galperín have since

left to start new ventures. Much as

they had received counsel from others,

the entrepreneurs began “paying it

forward.” Each entrepreneur started

investing in an array of technology start-

ups and devoted time to mentoring their

founders.

As their success fanned out, an

interesting pattern emerged—a few

highly influential entrepreneurs played a

major role in developing a thriving local

technology sector. By 2012, Buenos Aires

was home to offices of Google, eBay,

Facebook, and Yahoo!. The tech sector

had created more than 30,000 jobs

and $1.7 billion in revenue in Argentina,

representing almost half a percent of the

country’s gross domestic product.

The unexpected success of the

Argentine ecosystem led Endeavor

Endeavor Entrepreneurs Andy Freire and Santiago Bilinkis in a warehouse of Officenet, an office supply chain that they sold to Staples in 2005.

reVenue In 2000 reVenue In 2004

“Bain has been proud to work with endeavor to generate greater insight into entrepre-neurial success and to help the organization build on its best practices and increase its impact.”chrIS BIerlypartner, BaIn & coMpanyenDeaVor SenIor aDVISor

ENDEAVOR IMPACT REPORT 2012 – 2013

$72m

Insight to conduct a series of studies

on these tech markets, beginning

with Buenos Aires’s tech hub in 2011.

Insight surveyed 200 Argentine tech

entrepreneurs and asked them

five questions: 1) Who inspired you?

2) Where did you work previously?

3) Who invested in your company?

4) Who mentored you? 5) Have you

founded any additional companies?

What emerged was a map of the

network showing a dense web of

interconnections among a fast-growing

group of tech start-ups. At its center

were a handful of high-impact entrepre-

neurs whose influence radiated

out in all directions: Patagon’s Wences,

Officenet’s Andy and Santiago, and

MercadoLibre’s Marcos and Hernán.

The data showed that these initial

entrepreneurs had an impact on 80%

of the network through hands-on activi-

ties like mentoring and investing.

The entrepreneurs’ impact on the

ecosystem continues to this day. Andy

currently serves as the board chair of

Endeavor Argentina. His Officenet co-

founder, Santiago, runs an innovative

social venture fund. Marcos continues to

lead MercadoLibre and recently donated

over $1 million to Endeavor Argentina

so that the organization can purchase

a headquarters building. Marcos’s co-

founder, Hernán, has launched a venture

capital firm that has invested in over 15

companies in Latin America. Wences,

meanwhile, is based in Palo Alto, where

he serves on the board of Endeavor and

has become a godfather to hundreds of

young Latin American entrepreneurs,

providing inspiration and thousands of

hours of mentoring.

To validate the repeatability of this

multiplier effect, Endeavor conducted

similar research in two more unlikely

hotbeds of entrepreneurial activity:

Amman, Jordan and Istanbul, Turkey.

The results exhibited the same pattern:

Local networks developed around a

small number of high-impact entrepre-

neurs. By paying it forward—mentoring

protegees, helping start new businesses,

and acting as angel investors—these

entrepreneurs had a strong, outsized

effect on the ecosystem.

the enD.

SCALING UP

25

19 countries with affiliate or supportoffices

844high-impact entrepreneurs from

538 high-impactcompanies

225k+ jobs created

MISSIonEndeavor is leading the high-impact entrepreneurship movement around the world.

our

the enDeaVor MoDel

26

enDeaVor IMpact report 2012 – 2013

Pipeline of entrepreneurs with potential to go big

Private sector committed to creating more open business networks

Business leaders eager to unleash Endeavor’s model in their community

launcheDlaunchIng Soon

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launchWith growing demand for the economic and social value created by high-impact entrepreneurship, business executives and entrepreneurs around the world are urging Endeavor—as the leader in scaling up businesses and developing entrepreneurial ecosystems—to launch in their communities.

What We look for:1.

27

enDeaVor MoDel

7,519 SelectFive times a year, Endeavor selects the next class of entrepreneurs at International Selection Panels, where business leaders interview candidates before deciding whether or not these candidates become Endeavor Entrepreneurs.

the enDeaVorSelectIon proceSS

2.

The “ISP” is the culmination of a rigorous, year-long process in which candidates pass through a series of reviews by local staff members and mentors. Candidates must share and receive feedback on all aspects of their business model, including financials and HR. Since 1997, Endeavor has screened more than 37,000 entrepreneurs and selected 844 of those with the high-impact potential necessary to create hundreds if not thousands of jobs, to generate significant revenue, and to inspire the next generation of entrepreneurs.

1,104 candidates reviewed by endeavor staff

candidates met with and received feedback from endeavor mentors

January 2012–June 2013

28

ENDEAVOR IMPACT REPORT 2012 – 2013

7,519 canDIDateS froM 87 coMpanIeS SelecteD aS enDeaVor entrepreneurS

1,104 238 218 145candidates interviewed at local selection panels

candidates presented their businesses at 7 international selection panels

Endeavor Co-Founder & CEO Linda Rottenberg moderates a panelist session at an International Selection Panel in 2012.

29

enDeaVor MoDel

MentorIngSince 1997, Endeavor has built a mentor network of over 2,700 business leaders who donate significant time to advising Endeavor Entrepreneurs.

In 2012/2013, the enDeaVor netWork:

50k+ hours donated to mentoring Endeavor Entrepreneurs

1,115 Global Connections sessions (tailored meetings between “EEs” and mentors) advising Endeavor Entrepreneurs

730 Endeavor Entrepreneur Advisory Board meetings

SupportPost-selection, Endeavor helps entrepreneurs grow their businesses by delivering services through four key channels: mentoring, smart capital, part-nerships, and events.

On average, Endeavor Entrepreneurs received 90 hours of mentoring in 2012–13.

3.

SMart capItalEndeavor helps its entrepreneurs access smart capital and structure fair deals with investors through the Endeavor Investor Network, which connects Silicon Valley and international firms with Endeavor Entrepreneurs.

In 2012/2013:

40 leading venture capital firms served as formal members of the Investor Network

490investors, Endeavor Entrepreneurs, and Endeavor candidates attended Investor Network events in Argentina, Brazil, the United Kingdom, and the United States

2,702 introductions between Endeavor Entrepreneurs and investors were coordinated by the Investor Network

“an effective mentorship can save the entrepreneurs a few mistakes and help them take bold decisions they may not have taken on their own. as a mentor, I am also inspired by the entrepre-neurs’ continuous innovation and fresh thinking.”DIego pIacentInISenIor VIce preSIDent, InternatIonalaMazon.coMenDeaVor SenIor aDVISor

ENDEAVOR IMPACT REPORT 2012 – 2013

Bringing together Endeavor Entrepreneurs, mentors, and global business leaders, events are a cornerstone of the Endeavor model and range from intimate networkinglunches to 1,000+ person conferences.

In 2012/2013:

450+ Endeavor Entrepreneurs and mentors from 16 countries participated in the 2013 Endeavor Entrepreneur Summit in San Francisco

8,000+ university students and entrepreneurs attended Experiencias—educational outreach events—in Argentina and Uruguay

EVEnTSPARTnERSHIPSThrough Endeavor’s local and global partnerships, Endeavor Entrepreneurs have access to support services including market research, industry expertise, and pro-bono consulting/talent.

In 2012/2013, globAl PARTnERS And SPonSoRS IncludEd:

910 entrepreneurs and executives attended CEO Summits in Mexico and Turkey

4,000 people from 144 countries attended the March 2013 Global Entrepreneurship Congress in Rio de Janeiro, hosted by Endeavor Brazil

Endeavor Entrepreneur Sidar Sahin, Co-Founder of Peak Games, leads a breakout session at the 2013 Endeavor Entrepreneur Summit.

31

EndEAVoR ModEl

Entrepreneurs who have received investments from Melih, Nevzat and/or Cem

Entrepreneurs who have been inspired by Melih, Nevzat and/or Cem

Entrepreneurs who were former employees of Yemeksepeti

Entrepreneuers who have been mentored by Melih, Nevzat and/or Cem

MultIplyThrough presence in global media, events, and prestigious awards programs, Endeavor and its entrepreneurs are leading the high-impact entrepreneurship movement.

2012/2013 hIghlIghtS:

the MultIplIer effect In actIon

Four Endeavor Entrepreneurs represented Endeavor Mexico in a meeting with President Obama during his May 2013 visit to Mexico City.

Endeavor was featured in a number of leading publications including Financial Times, Harvard Business Review, Miami Herald, Stanford Social Innovation Review, and USA Today.

The Schwab Foundation named three Endeavor Entrepreneurs—Moís Cherem (Enova, Mexico), Bedriye Hülya (b-fit, Turkey), and Sugianto Tandio (Tirta Marta, Indonesia)—winners of its Social Entrepreneur of the Year 2013 Award.

Both The Wall Street Journal and The Economist highlighted Endeavor Turkey companies Peak Games and Yemeksepeti.com in articles on the entrepreneurial ecosystem in Turkey.

An Endeavor Insight study found that

Endeavor Entrepreneurs played

a major role in the evolution of the tech

sector in Turkey. Yemeksepeti.com,

for example, had inspired or mentored

the founders of almost 30 tech

companies in Istanbul. Yemeksepeti.com

is the leading online food delivery

platform in the Middle East. In 2012,

General Atlantic led a $44 million invest-

ment round in the company.

4.

neVzat ayDIn yeMekSepetI.coM

32

ENDEAVOR IMPACT REPORT 2012 – 2013

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Demprendedores, an eight-part series broadcast by CNN Chile and Vive TV Chile, examined the successes and challenges of seven Endeavor Chile Entrepreneurs.

Fernando Fabre, Endeavor’s President, was a featured speaker or panelist at a number of leading global events: Instituto Tecnológico de Buenos Aires in Buenos Aires, Argentina; TedX Orange Coast in Costa Mesa, California; Start-Up City: Miami, run by The Atlantic in Miami, Florida; and Impulsa Forum 2013 in Girona, Spain.

Endeavor Entrepreneurs Mario Hernandez (Marroquinera , Colombia), Martín Migoya (Globant, Argentina) and Jorge Pacheco (Oxxean, Chile) won the 2013 Ernst & Young Entrepreneur of the Year Award for their respective countries.

33

enDeaVor MoDel

carlo gonzaga taSte holDIngSSouth afrIca Carlo frequently mentors other entrepreneurs and serves on the board of Endeavor South Africa.

gIVe-BackEndeavor is an organization of, by, and for entrepreneurs.

To support Endeavor’s goal of long-term sustainability, Endeavor Entrepreneurs are expected to pay the organization an annual fee for services rendered and, in the event of an acquisition, to donate 2% of their personal equity in their companies.

In 2012/2013, “Endeavor Advocates” gave back to Endeavor in a variety of ways.

During Awards Night at the 2013 Endeavor Entrepreneur Summit, Endeavor recognized an entrepreneur from each affiliate who in the past year had most embodied the spirit of Endeavor, building high-impact businesses while continuing to support Endeavor and its mission.

5.gIVe-Back In actIon

34

enDeaVor IMpact report 2012 – 2013

nIkoS kakaVoulIS & phaeDra chrouSoSDaIly SecretgreeceNikos and Phaedra created “Daily Secret: Private Editions” for Endeavor’s Athens ISP and 2013 Summit, sending attendees cool “to-dos” in the neighborhood throughout the event.

MarcoS galperín MercaDolIBre argentInaIn addition to serving as a board member and leading role model for aspiring Argentine entrepreneurs, Marcos’s generous donation enabled Endeavor Argentina to purchase a new headquarters building.

naIf alqahtanIlSSSauDI araBIaAn enthusiastic Endeavor promoter, Naif chronicled the Endeavor Selection Process through 54 tweets about his experience.

ISaBella JaraSnutraBIenchIleIsabella donated 2% of her proceeds from the sale of her company to Endeavor Chile.

gIVe-Back In actIon enDeaVor MoDel

37k+ 844

Endeavor Entrepreneurs mentor the next generation of entrepreneurs

174 hours of counsel provided by Endeavor Mentors in 2012–2013

50k+

Endeavor companies invested in R&D in 2012

190International Selection Panels since 1998

50

followers of Endeavor twitter feeds

113k+ attendees of Endeavor events in 2012-2013

51k

68%

Human Capital

Social Capital

Intellectual Capital

Cultural Capital

Financial Capital

entrepreneurs have received professional feedback since 1997

high-impact entrepreneurs selected from 538 companies

compounded average growth rate in first two years post-engagement with Endeavor

$6.0bin revenues generated by Endeavor Entrepreneurs in 2012

GLOBAL IMPACT METRICSEndeavor and its high-impact entrepreneurs enable significant impact across five types of capital.

36

ENDEAVOR IMPACT REPORT 2012 – 2013

225k+ 367 150+

Global Connections made between Endeavor Entrepreneurs and Endeavor mentors in 2012–2013

1,115 introductions between Endeavor Entrepreneurs and investors coordinated by the Investor Network in 2012–2013

2,702 2,708

patents or patents pending filed by Endeavor companies since 1997

MBA students and EY fellows worked with Endeavor Entrepreneurs in 2012–2013

900+entrepreneurs and experts interviewed for Endeavor Insight research in 2013

500+ 105

entrepreneurship awards received by Endeavor Entrepreneurs since 1997

partnerships with universities across Endeavor offices

631 media mentions of Endeavor in 2012–2013

4,405 115

$332m 43 75+

business leaders mentor Endeavor Entrepreneurs

high-quality jobs created by Endeavor Entrepreneurs

Endeavor Entrepreneurs have started another company post-selection

people employed, on average, by Endeavor companies

Endeavor Entrepreneur companies would have qualified for the Inc. 500 list of fastest-growing US companies over the past 15 years

in debt & equity capital raised by Endeavor Entrepreneurs in 2012

Endeavor Companies have been acquired since 1997

37

IMPACT AND RESULTS

2013

SUMMIT ROUNDUPOver 450 Endeavor Entrepreneurs and mentors attended the 2013 Endeavor Entrepreneur Summit.

PRE-SUMMIT EvENTS

For many, the Summit started early. Over 100 Endeavor Entrepreneurs participated in four different pre-Summit events on the morning of June 19th:

Lunch with Zynga founder Mark Pincus at the company’s headquarters (above)

Visit to Dropbox’s San Francisco office space

An Investor Network event, followed by a cook-off competition with investors

A tour of Google’s famed Mountain View campus

Held in San Francisco from June 19–21, the biennial conference invited Endeavor Entrepreneurs to hear business leaders’ secrets to success, to participate in one-on-one “Global Connections” mentoring, and to attend a wide array of interactive workshops and breakout sessions.

38

“The best leaders learn the fastest.”JOHN DONAHOE CEO OF EBAy

“Company leaders can’t look angry or worried.Their job is to look happy. It’s contagious.”JACk DORSEy TwITTER CO-FOUNDER & CHAIRMAN AND THE CEO & CO-FOUNDER OF SqUARE

“Don’t let your fear of failing stop you from taking risks. Think before you act–but not so much thatyou miss the boat.” ALI PARTOvI LEADING ANGEL INvESTOR

BIz STONE CO-FOUNDER OF TwITTER, JELLy, AND THE OBvIOUS CORPORATION

“Company core values should be more than a plaque on a wall.” JENN LIM CEO & CHIEF HAPPINESS OFFICER OF DELIvERING HAPPINESS, CO-FOUNDED wITH zAPPOS.COM CEO TONy HSIEH

39

wORkSHOPS & BREAkOUT SESSIONS

Entrepreneurs were able to choose from nearly 20 different workshops, side panels, and group discussions, which tackled subjects as diverse as protecting IP and managing customer data. Sessions were led by experts from leading companies including Bain (customer service), Business Model Generation (strategic planning), General Electric (human resources), and SAP (design thinking).

“Every person is a genius in something.” MITCH FREE FOUNDER OF MANUFACTURING COMPANy MFG.COM

“we are an organization of, by, and for entrepreneurs.”LINDA ROTTENBERG CO-FOUNDER & CEOENDEAvOR

GLOBAL CONNECTIONS

A two-hour Global Connections session brought together close to 300 entrepreneurs and Endeavor network members for a round-robin series of one-on-one mentoring sessions.

“work with people you like to work with, work with people smarter than you, and work to people’s strengths.”DAvE GOLDBERG CEO OF SURvEyMONkEy

“we are what we repeatedly do. Excellence is a habit.”CHRIS zOOk PARTNER AT BAIN & COMPANy AND AUTHOR OF Repeatability

41

OMIDyAR NETwORk-ENDEAvOR

High-Impact Entrepreneur of 2013 AwardBento Koike (Tecsis, Brazil)

Social Impact AwardPRESENTED By EBAy

Moís Cherem (Enova, Mexico)

Jobs Awards PRESENTED By SAP

Most Jobs Created by Year-End 2012 Carlo Gonzaga (Taste Holdings, South Africa) Highest Percentage Growth in Jobs (2010–2012): Sidar Sahin (Peak Games, Turkey) Highest Absolute Growth in Jobs (2010–2012): Bento Koike (Tecsis, Brazil)

Revenue AwardsPRESENTED By BARCLAyS

Highest Overall Revenue 2012: Bento Koike (Tecsis, Brazil) Highest Percentage Growth in Revenue (2010–2012): Sidar Sahin (Peak Games,Turkey) Highest Absolute Growth in Revenue (2010–2012): Bento Koike (Tecsis, Brazil)

The Omidyar Network-Endeavor Awards Night honored the remarkable achievements of Endeavor Entrepreneurs in a number of categories.

ENDEAvOR AwARDS NIGHT

“This award has been set up to celebrate the best of the best. It identifies that one person who over the course of the year has achieved the highest impact and demonstrated the requisite mix of vision, passion, and tenacity.”MATT BANNICk OMIDyAR NETwORk MANAGING PARTNER & ENDEAvOR GLOBAL BOARD MEMBER

BENTO kOIkEFOUNDER & CEO, TECSIS wINNER OF OMIDyAR NETwORk-ENDEAvOR HIGH-IMPACT ENTREPRENEUR OF 2013 AwARD

HIGH-IMPACT ENTREPRENEUR OF 2013 AwARD

ENDEAvOR LAUNCHED its first-ever U.S. affiliate

in Miami in August 2013. A city of immigrants,

with close ties to Latin America, Miami has a

promising basis for entrepreneurship but suffers

from high unemployment (roughly 2% higher

than the national average) and an exodus of

talent to entrepreneurial hotbeds like Silicon

Valley and New York. The Endeavor Miami Board

of Directors, with strong support from the Knight

Foundation, believes that identifying and

supporting a small group of high-impact

entrepreneurs and helping them to scale their

businesses will have an outsized impact on

Miami’s future economic development. Endeavor

is energized by the potential of Miami as a

U.S. affiliate and hopes that Miami will be the first

of many U.S. cities to benefit from its model.

BIG NEwS

ENDEAvOR OPENS FIRST U.S. AFFILIATE IN MIAMI

“Since 1997, Endeavor has been very successful in helping entrepreneurs from emerging markets grow their businesses. Today, with the launch of Endeavor Miami, we look forward to bringing the lessons we’ve learned back to the U.S.”PETER kELLNER FOUNDER & MANAGING PARTNERRICHMOND GLOBAL LLCCO-FOUNDER, ENDEAvORENDEAvOR MIAMI, JORDAN,AND GLOBAL BOARD MEMBER

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AFFILIATE OFFICES LAUNCHED IN 2012–2013

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MALAySIAIN 2013, ENDEAvOR LAUNCHED its second Southeast

Asian affiliate in Kuala Lumpur, Malaysia.

Recognized as one of the strongest economies in

the region, Malaysia is ranked 1st in the world for

access to credit and 12th for ease of doing busi-

ness, according to the World Bank. While Malaysia

has successfully transformed from a low- to

middle-income country, its economy is squeezed

by its neighbors, with low-wage economies on one

hand and more innovative advanced econo-

mies on the other. And with one of the smallest

populations in the region (27 million), Malaysian

entrepreneurs must look outside their country for

significant growth opportunities. Enter Endeavor:

Operating in 19 countries around the world and

growing, Endeavor will provide Malaysian

entrepreneurs with the support they need to scale

their businesses, thereby helping the country

find its way out of the middle-income trap.

kUALA LUMPUR

“As an entrepreneur, I know how important mentorship can be. Endeavor can provide valuable support to Malaysia’s next generation of high-impact entrepreneurs.”AFzAL ABDUL RAHIMCEO, TIMEENDEAvOR MALAySIA CHAIRMAN-ELECT

ENDEAVOR IMPACT REPORT 2012 – 2013

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IN JUNE 2013, the United Arab Emirates became

the location of Endeavor’s 7th affiliate in the

Middle East. As a leading regional business

hub with a diverse population, the UAE offers

an outstanding platform for high-impact

entrepreneurs to achieve regional and global

scale across a range of industries. Endeavor UAE

also represents a deepening of the organization’s

presence across the Middle East and North Africa

to address the challenge — and opportunity —

of creating the tens of millions of jobs needed to

realize the potential of young people who face

limited prospects. Endeavor now has affiliates

stretching across the region from Morocco to

Turkey, providing a network as extensive as that of

Endeavor in Latin America and offering unrivaled

support for high-impact entrepreneurs.

UNITED ARABEMIRATES

MOROCCOwITH SUPPORT FROM a local board of business

leaders chaired by Moulay Hafid Elalamy,

President of SAHAM Group, as well as grants

from the USAID-MEC program and the Citi

Foundation, Endeavor launched its 6th MENA

affiliate, and first in the Maghreb region, in

Casablanca, Morocco. Although there is a

growing sense of excitement around entrepre-

neurship in Morocco and no shortage of talent,

aspiring entrepreneurs have relatively few

homegrown role models to emulate and also

face limited access to mentoring opportunities

and smart capital. Furthermore, with 49%

of Morocco’s youth population neither in school

nor in the workforce, the country is in dire

need of more and more valuable jobs.

By capitalizing on Endeavor’s strong regional

network and 15+ years of proven success,

Endeavor Morocco can unleash the power

of entrepreneurship in Morocco.

CASABLANCA DUBAI

NETwORk

45

ARGENTINAEndeavor Argentina supports 57 entrepreneurs from 35 companies. In 2012, Endeavor Argentina companies generated over $1b in revenues and directly employed more than 10,000 people.

IN MAy 2013, Endeavor Argentina hosted an International Selection Panel in Buenos Aires that was attended by over 150 people from 13 countries. Importantly, five Endeavor Entrepreneurs from Argentina, Colombia, and Mexico served as panelists.

wPP PURCHASED a 20% stake in Globant, the leading software outsourcing company in Latin America. Selected by Endeavor in 2005, Globant was also Endeavor Catalyst Inc.’s first investment in 2012.

wITH A venture round led by Intel Capital, Endeavor Entrepreneurs Mariano Suárez Battan and Patricio Jutard launched their second company, Mural.ly, a collaborative and innovative platform that allows users to create murals of online content. Mariano and Patricio sold their first company, Three Melons, to Playdom in 2010.

THE Wall StReet JouRnal covered the Series B fundraise of Restorando, an online restaurant reservation service. Boston–based Flybridge Capital led the $13.3m funding round. Five other backers, including Endeavor Catalyst Inc. and KaszeK Ventures, also participated.

Ecosystems

In 2012, Endeavor Insight released

a “video study” on the tech sector

in Buenos Aires, which found that

Endeavor Argentina Entrepreneurs

had played a powerful role in shaping

the ecosystem by mentoring, inspiring,

and even employing people who

went on to found businesses. To date,

the video has been viewed more

than 10,000 times.

Increasingly, within the Endeavor

network, longtime Endeavor

Argentina Entrepreneurs are playing

an even more powerful role in the

next generation, with many investing

in or joining the advisory boards of

newly-selected entrepreneurs.

In 2012/2013, highlights included:

Marcos Galperín of MercadoLibre

investing in Wormhole and Aivo;

KaszeK Ventures, the VC firm

of Endeavor Entrepreneur Hernán

Kazah and Nicolas Szekasy, investing

in GoIntegro and Restorando;

and Globant’s co-founders investing

in GoodPeople and Ventas Privadas.

FOCUS

NEwS

ENDEAVOR MAIN OFFICE

BUENOS AIRES (1998)

ROSARIO (2008)

CÓRDOBA (2007)

NOA (2012)

46

ENDEAVOR IMPACT REPORT 2012 – 2013

Wilson Poit comPanyPoit Energia sElEctEd2002industryEnergy & utilities EmPloyEEs at sElEction68 EmPloyEEs 20124,500 rEvEnuE at sElEction$5.1m rEvEnuE at salE in 2012$70.5m

until Wilson Poit founded Poit Energia

in 1997, the generator industry in Brazil

was notorious for its faulty and complicated

service. His company changed the status quo

by providing streamlined, comprehensive

service—a business model that in turn

attracted a long list of corporate clients.

After selection by Endeavor in 2002,

Wilson worked with Endeavor on HR,

building an advisory board, and corporate

governance. He credits the organization

with teaching him that “dreaming big

involves the same amount of work as

dreaming small.”

In 2012, Wilson sold Poit Energia to

Scottish power company Aggreko and

donated a portion of the cash‐out to

Endeavor Brazil.

Pernambuco (2011)

BRAzIL

IN MARCH 2013, Endeavor Brazil welcomed 4,000+ non‐profit executives, entrepreneurs, students, and policy makers from 144 countries to the Global Entrepreneurship Congress in Rio de Janeiro. The GEC is the main planning event for Global Entrepreneurship Week, a worldwide celebration and promotion of entrepreneurship that takes place each November.

IN 2012, Prática, a food production equipment manufacturer, received an investment of $8m from BNDES to pursue business expansion projects.

FOCUS ENTREPRENEUR SPOTLIGHT

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ENDEAVOR MAIN OFFICE

SÃo Paulo (2000)

minas gerais (2010)

Rio de JaneiRo (2005)

EBANX, an e‐commerce payment solution for International Merchants in Brazil, announced a strategic alliance with AliExpress, an online retailer and an affiliate of the Chinese e‐commerce giant AliBaba Group. Through the partnership, Brazilians can purchase any of the 54 million products offered by AliExpress (everything from car accessories to clothing to electronics) using their preferred local payment method, Boleto Bancario.

IN AN ARTICLE entitled, “A Spirit for Enterprise,” the Financial Times featured both Endeavor’s Co‐Founder & CEO, Linda Rottenberg, and Endeavor Brazil’s success in building the country’s entrepreneurial ecosystem.

Endeavor Brazil supports 102 entrepreneurs from 54 companies. In 2012, Endeavor Brazil companies generated over $2b in revenues and employed 45,000+ people.

Porto Alegre (2011)

Santa Catarina (2013)

paranÁ (2010)

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FOCUS

CHILE

BBC NEwS highlighted SIRVE, a seismic protection services provider founded by entrepreneur Juan Carlos de la Llera. After the devastating 2012 earthquake in Chile, the 13 buildings with Sirve’s system remained standing—even the country’s highest building. FRONTIER INvESTMENTS, an arm of U.S. microfinance lender Accion, invested $3m in Tiaxa, a services provider for prepaid mobile phone users. Last year, Tiaxa’s co‐founder and CEO, Felipe Valdés, moved to Hanoi in order to lead business development in Asia.

la nacion NAMED Leo Prieto, the co‐founder & CEO of Betazeta, Entrepreneur of the Year in Latin America. Betazeta is a network of vertical communities, including some of the most popular blogs in the Southern Cone.

ENDEAvOR CHILE company ComparaOnline.com, a comparison site for financial products and insurance, signed a strategic alliance with Buscapé, founded by Endeavor Brazil Board Member Romero Rodrigues.

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ENDEAVOR MAIN OFFICE

SANTIAGO (1998)

ATACAMA: ANTOFAGASTA (2011)

PUERTO VARAS (2008)

CONCEPCIÓN (2010)

TEMUCO (2010)

Give-Back

Serial entrepreneur Sergio Lopez was selected in 1999 for Gemelo

Storage Solutions, an internet

application service provider

and developer. Since leaving Gemelo—

where he still serves as an advisor—

in 2003, Sergio has gone on to found

or co-found a number of new ventures,

including ProactiveOffice.com,

a project management platform,

and ASECH, an association for

Chilean entrepreneurs.

Through the years, Sergio has

remained an active and dedicated

member of the Endeavor network,

both globally and locally. Notably,

in 2012, Sergio attended Stanford

Business School’s leadership program

for Endeavor Entrepreneurs. He also

donated hundreds of hours

to mentoring the next generation

of Endeavor Entrepreneurs—the

most time of anyone in the Endeavor

Chile network.

Endeavor Chile supports 89 entrepreneurs from 64 companies. Since engagement with Endeavor, Chilean Endeavor Entrepreneurs have grown revenues by 51% and jobs by 48%.

The Endeavor Chile network at their annual retreat in Valle Nevado.

48

ENDEAVOR IMPACT REPORT 2012 – 2013

FOCUS

COLOMBIA

ENDEAVOR MAIN OFFICE

BOGOTÁ (2006)

Endeavor Colombia supports 37 entrepreneurs from 22 companies.These companies have added $308m in revenue and 7,148 jobs since engagement with Endeavor.

TO CAP OFF a week spent meeting with local business leaders, Endeavor Entrepreneurs and mentors in Bogotá and Medellín, Endeavor Board Chairman Edgar Bronfman, Jr. discussed the organization’s activities in Colombia with the country’s president, Juan Manuel Santos.

IN AN ARTICLE anticipating the launch of Endeavor Miami, The Miami Herald examined Endeavor Colombia’s impact, specifically highlighting Campoalto, a leading provider of vocational programs for healthcare professionals, and its plans to expand into South Florida.

Andrés Alban & Mauricio HoyosCOMPANyConexredSELECTED2012INDUSTRyTechnology EMPLOyEES AT SELECTION107EMPLOyEES 2013202REvENUE 2011$4.2m REvENUE 2012$40.3m

IN COLOMBIA, the under‐ and unbanked have

few ways of efficiently accessing financial

services. Thanks to Conexred, however,

these citizens are now able to make financial

transfers, purchase mobile minutes, and

access other services through the company’s

PuntoRed network, which consists of more

than 45,000 terminals in smalls shops and

supermarkets throughout Colombia. Each

year, the PuntoRed network facilitates over

350 million transactions.

Founders Andrés and Mauricio are active

mentors and angel investors in Bogotá. Most

recently, Andrés and Mauricio led Conexred’s

acquisition of Geelbe, the first Latin

American online private shopping club.

ENTREPRENEUR SPOTLIGHT

ENDEAvOR COLOMBIA company Dynamo joined Participant Media’s PanAmerican Film Initiative, an agreement to produce Spanish‐language films in Latin America.Founded by eBay’s first employee Jeff Skoll, Participant Media finances movies with a social message, including The Help (2011) and Lincoln (2012).

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EGyPT

wITH THE GOAL of encourag-ing reading in impoverished areas, Diwan Bookstore donated children’s and young adults’ books to underfunded schools as part of their newly-launched charitable program.

ENDEAvOR EGyPT has built Advisory Boards for more than half of the companies it supports, with plans to build additional boards next year.

Ahmed HindawiCOMPANyHindawi Publishing CorporationSELECTED2010 INDUSTRyPublishingEMPLOyEES AT SELECTION335 EMPLOyEES 20131,000REvENUE AT SELECTION$2.7mREvENUE 2012$13.5m

wHILE COMPLETING a PhD in High Energy

Physics at the University of Pennsylvania,

Ahmed Hindawi saw an opportunity in

academic publishing. Upon returning to Cairo,

Ahmed abandoned plans to be a physicist

in favor of becoming an entrepreneur.

Today, his eponymous company, Hindawi

Publishing Corporation, publishes over 500

English‐language peer‐reviewed scholarly

journals—primarily on scientific, technical,

and medical topics—through an Open Access

platform that swaps subscriptions with

author processing charges to make articles

freely available.

Ahmed is an ambitious and inspiring

entrepreneur committed to creating jobs

in a country still regaining its footing after

the 2011 Arab Spring. Since selection

by Endeavor, he has worked closely with

his Endeavor‐formed Advisory Board, pulling

in impressive results: Revenues have grown

roughly 500% and the number of employees

has tripled!

ENTREPRENEUR SPOTLIGHT

Amr Shady, the founder of T.A. Telecom and Endeavor Egypt Entrepreneur & Board Member, was profiled in Entrepreneur Country, a British magazine that identifies global entrepreneur-ship success stories.

Endeavor Egypt supports 28 entrepreneurs from 16 companies. Endeavor Egypt companies employ, on average, 278 people.

ENDEAVOR MAIN OFFICE

CAIRO (2008)

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ENDEAVOR IMPACT REPORT 2012 – 2013

GREECEENTREPRENEUR SPOTLIGHT

Emilios Markou & Alexis PantazisCOMPANyHellas Direct SELECTEDDecember 2012INDUSTRyInsuranceEMPLOyEES AT SELECTION23REvENUE 2012$200,000 REvENUE GROwTH SINCE SELECTION260%

ENTREPRENEURS Emilios Markou and

Alexis Pantazis are jump‐starting the car

insurance industry in Greece. By cutting

out sales commissions, their company Hellas

Direct—the first direct‐to‐consumer online

car insurance agency in the country—

is able to offer safe driver policies that are

15‐35% cheaper than comparable coverage

options. And in these trying times for the

Greek economy, drivers are speeding

towards savings: Just three months after

launching, Hellas Direct had already given

out 7,000 quotes.

Former bankers who met while working

for Goldman Sachs in London, Emilios

and Alexis are now creating jobs in

an economy that badly needs them—and

they are setting powerful examples of

entrepreneurial success that they hope will

help reverse the damaging “brain drain”

trend in their home country.

Alexis and Hellas Direct were recently

highlighted in a Financial Times article on the

revival of the Greek economy.

ENTREPRENEUR SPOTLIGHT

wITHIN ITS FIRST SIX MONTHS of operations, Endeavor Greece welcomed over 100 people from 15 countries to Athens for an International Selection Panel, at which 18 candidates were selected as Endeavor Entrepreneurs.

ENDEAvOR Co-Founder & CEO Linda Rottenberg appeared on CNBC’s SquawkBox to announce the launch of Endeavor Greece.

ENDEAvOR GREECE has partnered with three Greek universities and Junior Achievement to bring entrepreneurship education to high school and university students.

Endeavor Greecesupports 10 entrepreneurs from 6 companies.

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ENDEAVOR MAIN OFFICE

ATHENS (2012)

The Endeavor Greece team in their office in Athens.

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INDONESIA

IN ITS FIRST yEAR of operations, Endeavor Indonesia screened over 1,000 entrepreneurs, ultimately bringing the five candidates with the most high‐impact potential to International Selection Panels, where they were successfully selected as Endeavor Entrepreneurs. The office also developed a portfolio of 37 mentors, including business leaders from the media, finance, consulting, and energy sectors.

SUGIANTO TANDIO, the founder of Tirta Marta, won a Schwab Foundation Social Entrepreneur of the Year 2013 award.

vINCENT ISwARATIOSO, the CEO of Indomog, was featured by The Jakarta Globe as a pioneer in the online payments industry. Indomog recently signed an agreement with a leading local chain, adding 7,000 outlets to its distribution channel.

Niki Luhur compaNyKartukuseLected2012iNdustrymobile paymentsempLoyees at seLectioN300empLoyees 2013354reveNue 2011$3.9mreveNue 2012$5.4m

iNdoNesia’s payment ecosystem has

historically struggled with widespread

inefficiencies—poor infrastructure, insecure

cardholder data storage, and registers

prone to human and mechanical error.

And with the number of credit and debit cards

in circulation growing at 15% per year over

the last five years, the market is in dire need

of modernization.

Enter Kartuku, the country’s first provider

of integrated end–to–end electronic payment

services. Led by Niki Luhur, Kartuku counts

11 out of 12 major Indonesian banks as clients,

as well as a number of large retailers.

Looking ahead, Niki plans to add bill

payment, data analytics, and market

intelligence to Kartuku’s roster of services.

ENDEAVOR MAIN OFFICE

JAKARTA (2012)

ENTREPRENEUR SPOTLIGHT

Endeavor Indonesiasupports 5 entrepreneurs from 5 companies.

Forbes Indonesia highlighted Endeavor’s presence in Indonesia in its June 2013 edition.

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ENDEAVOR IMPACT REPORT 2012 – 2013

JORDANEndeavor Jordansupports 16 entrepreneurs from 11 companies.

AMJAD ARYAN, the founder of Pharmacy 1, became the first Endeavor Entrepreneur to join Endeavor Jordan’s Board of Directors. Considered the “CVS of the Middle East,” Pharmacy 1 employs more than 600 people.

IN PARTNERSHIP WITH INT@J, Endeavor Jordan organized “Invest in ICT,” the first regional investment matchmaking event. Over 50 investors and companies attended from Jordan and the region.

ENTREPRENEUR SPOTLIGHT

Dr. Amin AminCOMPANYASK for Human Capacity BuildingSELECTED2009INDUSTRYProfessional Services: HR & TrainingEMPLOYEES 201382

REALIZING THAT ACCESS to talent is one of

MENA’s biggest challenges, Dr. Amin Amin

decided to bridge the link between education

and employment. His company, ASK for

Human Capacity Building, provides a range

of professional development and consulting

services to schools and corporations

throughout the region.

Originally selected for his first educational

venture, CADER, serial entrepreneur

Amin Amin has been mentored by Gilt

Founder and Chairman Kevin Ryan and is

one of Endeavor Jordan’s most devoted

advocates. Most recently, ASK and Endeavor

co‐organized an outreach activity promoting

entrepreneurship as part of the New Think

Festival 2013.

ENTREPRENEUR SPOTLIGHT

Since the launch of the EY Intrapreneurship program in 2012, six Endeavor Jordan companies have received Intrapreneurs, EY executives who work on site with entrepreneurs for 6–7 week stints.

ENDEAVOR MAIN OFFICE

AMMAN (2008)

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53

NETWORK

Endeavor Lebanonsupports 11 entrepreneurs from 9 companies.

LEBANONENDEAVOR MAIN OFFICE

BEIRUT (2011)

MOSAIC MARBLE’S products will be featured in an upcoming Hollywood film starring Denzel Washington. In the past year, the company moved to larger premises in order to expand production capacity.

EASTLINE MARkETING launched SWEEPZ, a flexible off‐the‐shelf marketing solution that helps customers increase fans/likes, build a marketing database, and generate buzz. The company was also named the preferred digital partner of Mindshare, a WPP Group media and marketing services agency.

HAILED AS A PATRON of Design Days Dubai, Nada Debs is at the forefront of design in the Middle East and, increasingly, abroad. Nada was recently shortlisted to the top ten—out of 270 nominations—for the highly esteemed Jameel Prize 2013 at the Victoria & Albert Museum in London. In 2013, her company finalized a promising partnership in the Kingdom of Saudi Arabia, one of the region’s largest markets.

IN 2012-2013, Endeavor Lebanon was mentioned in 105 media clips, including broadcast coverage on three regional TV channels, a feature article in Beirut’s French‐language daily newspaper L’Orient le Jour, and coverage in the largest Arabic language newspaper, Al Nahar.

IN THEIR November 2012 list of the “Top 20 Lebanese Entrepreneurs,” Executive Magazine included nine Endeavor Lebanon Entrepreneurs.

Hervé Cuviliez & Delphine EddeCOMPANyDiwaneeSELECTED2012INDUSTRyTechnologyEMPLOyEES AT SELECTION123 EMPLOyEES 2012129REvENUE 2011$4.3mREvENUE 2012$5.7m

THOUGH ARABIC SPEAkERS make up more than

5% of the world’s population, only 3% of

total online content is in Arabic. To bridge this

gap, Endeavor Entrepreneurs and husband

& wife team Hervé Cuviliez & Delphine Edde

founded Diwanee, a digital media company

publishing high-quality content in Arabic for

women. Diwanee’s specialized web portals

also provide Arab women a platform to

discuss lifestyle topics such as motherhood,

fashion, and health.

In just three years, Diwanee has become

the market leader in women’s lifestyle

web content in the Arabic language,

attracting 4.8 million unique visitors a month

in an environment where advertisers—such

as L’Oréal and Chanel—are eager to target

customer segments with high spending power.

Most recently, Diwanee successfully raised

$3.25m from a strategic investor in Lebanon.

The company used the investment to launch

Mooda.com, a proprietary e-commerce

platform giving regional fashion designers

the opportunity to reach customers

worldwide. Prior to founding Diwanee, Hervé

sold his first company to Omnicom. Delphine,

meanwhile, previously served as Media

Director at Condé Nast France.

ENTREPRENEUR SPOTLIGHT

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Omar Onsi of Nymgo (right), at the 2013 Endeavor Summit.

54

ENDEAVOR IMPACT REPORT 2012 – 2013

Endeavor Mexico supports 130 entrepreneurs from 71 companies.

kUBO FINANCIERO announced a partnership with US non‐profit KIVA, which has distributed over $400m in loans since 2005. As a result, some Kubo borrowers now have their loans posted on KIVA’s lending site. The alliance was covered by Reforma, one of the most widely‐circulated newspapers in Mexico.

NARANyA, a leader in innovative mobile communications technologies, launched an accelerator program in Monterrey to help new start‐ups get their business ideas off the ground.

the neW yoRk timeS’ Thomas Friedman mentioned three Endeavor Mexico Entrepreneurs in a March 2013 column on the resurgence of the Mexican economy.

MEXICOJorge Camil Moís Cherem Raúl MaldonadoCOMPANyEnovaSELECTED2011INDUSTRyEducationEMPLOyEES AT SELECTION55EMPLOyEES 2013493REvENUE 2010$5.1mREvENUE 2012$15.8m

ENOvA’S MISSION is ambitious but simple:

To reduce the educational and digital divide

in Mexico, where only 25% of children

graduate from high school and roughly 69%

of the population does not have access to the

internet. The company builds and operates

technology and education centers that

provide services—such as blended learning

programs—to low‐income communities in

Mexico. As of September 2013, over 120,000

users had taken courses at Enova’s 70

computer centers. Over the next few years,

Enova hopes to build more centers across

the country and become a market leader in

education technology.

Social entrepreneurs running a company

experiencing explosive growth, Jorge,

Moís, and Raúl are earning well‐deserved

accolades: Jorge was named one of the top

Mexican entrepreneurs under 35 by MIT

Technology Review, Moís recently won

the Schwab Foundation Social Entrepreneur

of the Year Award, and Raúl was included

in a recent New York Times column by

Thomas Friedman.

ENTREPRENEUR SPOTLIGHT

ENDEAVOR MAIN OFFICE

MEXICO CITY (2002)

Jalisco (2008)

sinaloa (2009)

(2007) AGUASCALIENTES

CHIAPAS (2008)

nuevo león (2008)

GUANAJUATO (2013)

Querétaro (2013)

puebla (2007)

YUCATáN (2009)

baja california (2007)

Quintana Roo (2012)

During his May 2013 visit to Mexico City, President Barack Obama met with four Endeavor Mexico Entrepreneurs.

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SAUDI ARABIA

ENDEAvOR ENTREPRENEUR Loai Naseem (Lomar) and Endeavor KSA Managing Director Rakan Al Eidi were featured in Tadawul Magazine, the leading Saudi stock exchange publication.

ENDEAvOR kSA has supported 5+ entrepreneurship events in the Kingdom, including Startup Weekend, Wamda MixN‐Mentor, and KAUST seed fund competitions.

ENDEAvOR kSA announced a partnership with Oqal Angel Investors Group in KSA for potential collaboration in funding and nominating Endeavor Entrepreneur candidates.

IN ITS FIRST yEAR of operations, Endeavor KSA hosted events attended by more than 50 entrepreneurs, investors, and mentors.

Abdulmohsin Al-Rabiah COMPANyShawarmer SELECTED2013INDUSTRyConsumerEMPLOyEES AT SELECTION249

wHETHER yOU call it “doner,” “gyro,”

or something else entirely, the shawarma,

as it is known in Saudi Arabia, is the region’s

signature sandwich. Filled with grilled meat

shaved off a spinning rotisserie, shawarma

is found in every Saudi neighborhood

at corner stands and informal shops.

In 1999, capitalizing on the shawarma’s

popularity and consumers’ mistrust of

street food, Abdulmohsin Al‐Rabiah opened

Shawarmer in Riyadh, the first in a chain

of fast‐casual restaurants that serve

shawarma and other Arab foods made with

fresh, high‐quality ingredients.

Today, Shawarmer has 31 locations

in food court, seasonal kiosk, and drive‐

through formats, with plans to open 230

new franchises in Saudi Arabia, the GCC,

and Egypt by 2016.

ENTREPRENEUR SPOTLIGHT

Endeavor Saudi Arabia supports 5 entrepreneurs from 4 companies.

ENDEAVOR MAIN OFFICE

RIYADH (2012)

“Endeavor gave me the opportunity to start planning for regional, across-border growth.” NAIF ALqAHTANI, LSS

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ENDEAVOR IMPACT REPORT 2012 – 2013

SOUTH AFRICASAUDI ARABIA

IN THE LAST yEAR, Silulo Ulutho Technologies, which operates internet cafés that offer computer literacy programs, launched five new centers and grew revenue by 60%. Founder Luvuyo Rani’s entrepreneurial journey was also featured in the SA Business Times.

IN AUGUST 2013, Endeavor South Africa welcomed over 100 people from 11 countries to Johannesburg for Endeavor’s 49th International Selection Panel. The event was heavily covered by press, including Entrepreneur Magazine South Africa.

ENDEAvOR SOUTH AFRICA Entrepreneurs Robert Sussman and Lance Fanaroff sold Integr8 IT—an arm of their company, Integr8 Group—to Business Connexion for an estimated $12.9m.

Cynthia MkhomboCOMPANyMasana Hygiene ServicesSELECTED2010INDUSTRyProfessional Services EMPLOyEES AT SELECTION752EMPLOyEES 20131,750REvENUE GROwTH SINCE SELECTION266%

SOUTH AFRICAN ENTREPRENEUR Cynthia

Mkhombo brought her mother’s experience

as a domestic worker and her own expertise

as a Township Council Health Inspector

together to create Masana Hygiene

Services, a cleaning service company

that has attracted high‐profile clients like

the Johannesburg Zoo and the Gautrain

(Gauteng’s rapid rail and bus service).

Due to Cynthia’s commitment to putting

“people first,” Masana Hygiene Services

pays up to 40% more than hourly minimum

wage for contract cleaners. And, in a country

where female unemployment outpaces male

unemployment, 95% of Masana’s nearly

2,000 employees are women, 70% of whom

were previously unemployed.

In 2012, Masana created more than

600 new jobs, with goals to reach 10,000

employees in the next five years.

ENTREPRENEUR SPOTLIGHT ENTREPRENEUR SPOTLIGHT

Endeavor South Africa supports 27 entrepreneurs from 16 companies. These companies have created over 10,000 jobs.

ENDEAVOR MAIN OFFICE

JOHANNESBURG (2004)

CAPE TOWN (2011)

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Endeavor Turkey supports 33 entrepreneurs from 25 companies. Their revenues have grown, on average, by 250% since engagementwith Endeavor.

IN 2012, Endeavor Turkey hosted 35 events and co‐hosted 69 events, at which 108 network members participated as panelists and mentors. In planning these events Endeavor Turkey partnered with 16 NGOs, 15 universities, 15 private sector firms, eight media channels, and two incubators.

SINCE ITS LAUNCH IN 2011, Endeavor Catalyst Inc. has invested in four Endeavor Turkey companies: AirTies, Lidyana.com, Peak Games, and Yemeksepeti.com (See page 22 for more information on Endeavor Catalyst Inc.).

IN 2012/2013, Endeavor Turkey built Advisory Boards for 11 companies in industries as diverse as high‐end retail and social media.

IN 2013, the 2nd Good Investment Summit, an event targeted at developing an angel investing community and entrepreneurial culture in Turkey, was held at the Sabancı Center in Istanbul in January. Organized by Endeavor Turkey, TUSIAD and Angel Resources Institute and sponsored by Akbank and Turkcell, the Summit brought together leading Turkish and international investors, entrepreneurs, academics, and top executives.

TURkEySidar Sahin COMPANyPeak GamesSELECTED2011INDUSTRyTechnology (Gaming)EMPLOyEES AT SELECTION85 EMPLOyEES 2013250REvENUE GROwTH SINCE SELECTION568%

JUST 270 DAyS after its founding in November

2010, Peak Games had racked up ten million

daily users, doing so significantly faster

than both Twitter (780 days) and Facebook

(850 days). By June 2012, Peak Games had

become the third largest gaming company

in the world, after King.com and Zynga.

The company’s success has been

propelled by its talented co‐founder, serial

entrepreneur Sidar Şahin, and the genius

of its regional focus: Peak Games develops

and publishes Facebook and mobile games

that are targeted to the Turkish, Middle East,

and North African markets.

Sidar is a highly visible entrepreneur

in Turkey and abroad, having been

featured by the Wall Street Journal,

The Economist, Bloomberg BusinessWeek,

TechCrunch, and VentureBeat. Since

selection by Endeavor, he has promoted

and spoken on the organization’s behalf,

even running a breakout session at the

2013 Endeavor Summit.

ENTREPRENEUR SPOTLIGHT

endeavor main office

Istanbul (2007)

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Peak Games employees.58

ENDEAVOR IMPACT REPORT 2012 – 2013

URUGUAyEduardo Delbono & Álvaro Maldonado COMPANyAsuanSELECTED2012INDUSTRyIndustrials EMPLOyEES AT SELECTION45EMPLOyEES 201350REvENUE 2011$3mREvENUE 2012$5m

INDUSTRy INNOvATOR ASUAN is pleased to

“meat” you! Or, at least, to help increase the

efficiency of your food‐production facility

with its customized red‐meat processing and

box‐handling systems. Since its founding in

2004, the company has signed up market‐

leading clients and has expanded throughout

Latin America.

Endeavor Uruguay has provided Álvaro

and Eduardo with strategic guidance

through an Advisory Board, introductions

in Mexico, and, most recently, support in

Brazil, where the entrepreneurs are opening

new operations.

ENTREPRENEUR SPOTLIGHT

Endeavor Uruguaysupports 39 entrepreneurs from 22 companies.

IN COORDINATION with the IADB (Inter‐American Development Bank) and the MIF (Multilateral Investment Fund), Endeavor Uruguay has designed “Más Emprendedoras,” a program that aims to promote the creation, development, and growth of women‐owned businesses in Uruguay.

THE ECONOMy SECTION of El País, a top newspaper in Uruguay, published two separate cover stories on Endeavor Uruguay companies Asuan and Conecta Games.

ENDEAvOR URUGUAy hosted MEGA Experiencia Endeavor, the largest outreach event in Uruguay. Over 1,500 people attended a sold‐out full day program that included presentations by Endeavor Entrepreneurs from across the Southern Cone, workshops led by 50 business leaders and Endeavor mentors, and an exuberant final networking reception.

ENDEAVOR MAIN OFFICE

MONTEVIDEO (2000)

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The launch event for “Más Emprendedoras.”

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FINANCIALS,DONORS,AND BOARD MEMBERS

60

ENDEAVOR IMPACT REPORT 2012 – 2013

ENDEAvOR GLOBAL EXECUTIvE STAFF

Linda Rottenberg Co‐Founder & CEO

Fernando Fabre President

Lawrence Brooks VP, Finance & Administration

Walt Mayo SVP, Expansion

David Wachtel SVP, Marketing, Communications & Partnerships

MANAGING DIRECTORS OF AFFILIATE OFFICES

Argentina Gabriela Macagni

Brazil Juliano Seabra

Chile María de los Angeles Romo

Colombia Adriana Suárez

Egypt Heba Gamal

Greece Haris Makryniotis

Indonesia Sati Rasuanto

Jordan Rasha Manna

Lebanon Tarek Sadi

Malaysia Zaman Ahmad

Mexico Pilar Aguilar

Miami Laura Maydón

Morocco Amine Hazzaz

Saudi Arabia Rakan Al Eidi

South Africa Catherine Townshend

Turkey Didem Altop

United Arab Emirates Noor Shawwa

Uruguay Laura Raffo

COMBINED STATEMENT OF ACTIvITIESDECEMBER 31, 2012 IN U.S. $ temporarily permanently

REvENUES unrestricted restricted restricted TOTAL

Contributions 265,943 2,603,000 2,868,943Grants 3,821,213 5,124,650 8,945,863Gala&otherfund-raisingevents 1,790,514 1,790,514Netrealized&unrealizedgains(losses)oninvestments 293,369 293,369Interest&otherincome 287,296 287,296In-kindservices&goods 48,321 48,321Netassetsreleasedfromrestriction 1,620,339 (1,620,339) 0

TOTAL REvENUES 8,126,995 6,107,311 0 14,234,306

ExPENSES

eMBA 327,639 327,639EntrepreneurSelection&Growth 2,396,220 2,396,220EndeavorNet 268,758 268,758OrganizationalDevelopment 796,493 796,493CenterforHigh-ImpactEntrepreneurship 819,728 819,728NewCountryExpansion 1,554,254 1,554,254Partnerships&Networks 1,017,080 1,017,080PhilanthropicNetworks 322,203 322,203

TOTAL PROGRAM EXPENSES 7,502,375 0 0 7,502,375

DirectdonorbenefitsofGala&otherfund-raisingevents 177,439 177,439Management&General 525,291 525,291Fundraisinganddevelopment 1,011,582 1,011,582

TOTAL EXPENSES 9,216,687 0 0 9,216,687

Changeinnetassets (1,089,692) 6,107,311 0 5,017,619Netassets,beginningofyear 14,759,501 2,901,927 25,000 17,686,428

NET ASSETS, END OF yEAR 13,669,809 9,009,238 25,000 22,704,047

A complete set of the audited financial statements by McGladrey & Pullen for the fiscal

year ending December 31, 2012 can be obtained by sending a written request to Endeavor

Global, Inc. at 900 Broadway suite 301, New York, New York 10003, USA

STATEMENT OF FINANCIAL POSITIONDECEMBER 31, 2012 IN U.S. $

ASSETS $

Cashandcashequivalents 12,379,670Restrictedcash 147,663Contributionsreceivable 2,418,011Grantsreceivable 2,374,400Investments 4,557,384Prepaidexpenses&otherassets 208,077Duefromaffiliatedentities 108,739Property&equipment 1,223,114

TOTAL ASSETS 23,417,058

LIABILITIES AND NET ASSETS

Accountspayableandotheraccruedliabilities 204,352Duetoaffiliatedentities 260,940Deferredrent&capitalleaseobligations 247,719

TOTAL LIABILITIES 713,011

NET ASSETS

Unrestrictednetassets 13,669,809Temporarilyrestricted 9,009,238Permanentlyrestrictednetassets 25,000

TOTAL NET ASSETS 22,704,047

TOTAL LIABILITIES & NET ASSETS 23,417,058

These financials are for Endeavor Global and its wholly-owned subsidiaries and do not include information about Endeavor’s affiliate offices.

61

GLOBAL FINANCIALS

$500,000+ AFP HABITAT

Emilio Azcárraga Jean

Banco de Chile

Nick Beim

Wences Casares

CORFO

José Luis del Río

Dell Computer

Paul Fribourg

Goldman, Sachs & Co.

ITAU

JPMorgan Chase Co.

Beth & Michael Klein

Anne & Vincent Mai

Emilio Odebrecht

Jennifer & Jonathan Oppenheimer

Proteus

Salvador Said

Sebrae São Paulo

Secretaría de Economía (Mexico)

Chip Seelig

Tony & Carlos Slim

Woods Staton

Lorenzo Zambrano

$250,000+ William A. Ackman, Pershing Square Foundation

Ann L. Bronfman Foundation

Arab African International Bank

Pedro Aspe

Mehmet Ali Babaoğlu

Banco ABN AMRO Real S.A.

Len Blavatnik

Bloomberg Philanthropies

Matthew Brown

BTG Pactual

Elias Cababie

Citi

Corporación Andina de Fomento (CAF)

Enrique Cueto

Dick & Betsy DeVos Family Foundation

Antonio Dias Leite

Barry Diller, IAC/InterActive Corp

Vuslat Doğan Sabancı, Hürriyet

Albert Douer

DRA ‐ Tshikululu

Melissa & Timothy Draper

Andrés Echavarría

First National Bank

Fleury S.A.

David Frankel

Emin Hitay, Hitay Yatırım Holding

Ali Y. Koç, Koç Holding

Thomas H. Lee & Ann Tenebaum

Lehman Brothers

Jorge Paulo Lemann

Jean‐Paul Luksic

Microsoft Corporation

Morgan Stanley

Fadi Nahas

Francisco De Narvaez

Natura

News Corporation

Murat Özyeğin, Fiba Holding

Eduardo Pacheco

Pedro Passos

Rainbow Foundation

Joanna Rees

SAB Foundation

Suzan Sabancı Dinçer, Akbank

Soledad & Alvaro Saieh

Alejandro Santo Domingo

Naguib Sawiris

Christoph Schiess

Simpson Thacher & Bartlett

Brian Swette

Özcan Tahincioğlu, Tahincioğlu Holding

Visa do Brasil

Sven von Appen

$10,000,000+ Omidyar Network

$5,000,000+ The Abraaj Group

$1,000,000+ Gayle & Michael Ahearn

AVINA

Banco Santander

Barclays

Clarissa & Edgar Bronfman, Jr.

Citi Foundation

Pamela & J. Michael Cline

Eduardo Elsztain

EY

Fundação Brava Inc

Marcos Galperín

Adrian Gore

Reid Hoffman & Michelle Yee

Inter‐American Development Bank (BID)

International Finance Corporation (IFC)

John & James Knight Foundation

George & Bicky Kellner

Peter Kellner

Michael & Susan Dell Foundation

Multilateral Investment Fund (MIF/FOMIN) of the Inter‐American Development Bank (IADB)

Fayeeza & Arif Naqvi

Pam & Pierre Omidyar

Wilson Poit

SAP

SEBRAE

HIGH-IMPACT DONORS1997–2012

62

ENDEAVOR IMPACT REPORT 2012 – 2013

$5,000,000+ Omidyar Network

$1,000,000+ Marcos Galperín

Reid Hoffman & Michelle Yee

John & James Knight Foundation

$500,000+ Barclays

Wilson Poit

$250,000+ Banco de Chile

Banco Santander

Bloomberg Philanthropies

CORFO

Dell

Dick & Betsy DeVos Family Foundation

SAP

$100,000+ 3M

Gayle & Michael Ahearn

Yousef Al‐Majdouie, Al‐Majdouie Group

Musaab S Al‐Muhaidib, Al‐Muhaidib Technical Supplies

Abdulaziz A. Al Omran, Khalid & Abdulaziz Al Omran Company

Abdulla M. Al Zamil, Zamil Industrial

Rami K Alturki, Alturki Group BHP

Jeff Brody

Clarissa & Edgar Bronfman, Jr.

Matthew Brown

BTG Pactual

Citi Foundation

Pamela & J. Michael Cline

Discovery

EY

Moulay Hafid Elalamy

Mohammed Hafiz, Al‐Sawani Group

Inter‐American Development Bank/BID

ITAU

JPMorgan Chase Co.

LOCAWEB

Multilateral Investment Fund (MIF/FOMIN) of the Inter‐American Development Bank (IADB)

Diego Piacentini

Hossam Y. Radwan, Abraaj Group

Faisal Tamer, Tamer Group

Televisa

Carlos Andrés Uribe, Ladrillera Santafé

$50,000+ Michel Abouchalache, Quilvest Group

William A. Ackman, Pershing Square Foundation

Svida Alisjahbana, Femina Group

Husodo Angkosubroto, Gunung Sewu Kencana

Arab African International Bank

Emilio Azcárraga Jean

Banco de Galicia y Buenos Aires S.A.

Banco Intermericano de Desarrollo

Fabio Barbosa

Nick Beim

Booz & Co, Lebanon

Wences Casares

Michael Chandris

Dr. (h.c.) Ir. Ciputra & Harun Hajadi, Ciputra

Laércio Cosentino

John Coustas

Credit Suisse (Argentina)

Enrique Cueto

José Luis del Río

Deloitte & Co.

DGMT

Antonio Dias Leite

Barry Diller, IAC/InterActive Corp

Albert Douer, Ajover S.A.

Andrés Echavarría

Eduardo Elsztain

Jorge Errázuriz

Fares Fares, Wedge Alternatives

Karim Farra, Manara Capital

First National Bank

Marily Frangista

Paul Fribourg

Selim Ghorayeb, Algorithm

Goldman, Sachs & Co.

Adrian Gore

Mareva Grabowski

Instituto Euvaldo Lodi

Habib Kairouz, Rho Capital Partners

Peter Kellner

Marwan Kheireddine, Al‐Mawarid Bank

Sami Khouri, Teeba Holding

Hendrick Kolonas, Celebes Artha Ventura

Theodore Kyriakou

Jorge Paulo Lemann

Jean‐Paul Luksic

Jimmy Masrin, Caturkarsa Megatunggal

William E McGlashan, Jr.

Azmi Mikati, M1 Group

Fayeeza & Arif Naqvi

Emilio Odebrecht

Eduardo Pacheco

Joanna Papadopoulou

Dimitris Papalexopoulos

Pedro Passos

Louis Polk

Proteus

Theodore P Rachmat, PT Triputra Investindo Arya

Joanna Rees

Salvador Said

Alejandro Santo Domingo

Mu’taz Sawwaf, Mimar Invest

Christoph Schiess

Carlos Alberto Sicupira

SMZTO

John Stassinopoulos

George Tahija, Austindo Nusantara Jaya

Takis Theocarakis

Spyros Theodoropoulos

Totvs S/A

Melina Travlou

Sven von Appen

Elliot Weissbluth

Zennstrom Philantropies Ltd

$10,000+ Accel Mgmt

Accretive Health, Inc.

María Noel Ache & Federico Cella, AIVA

Giovanini F Advogados

Ersin Akarlılar, Mavi Jeans, Inc.

Marcelo Alecrim & Sérgio Cavalieri

Ali Al‐Husry

Alibio

AmEx Ventures

ANTEL

ArcCanto

AX Ventures S.R.L.

Ahmed Badreldin

Bain & Company, Inc.

Banco de Investimento Credit Suisse

Banco Hipotecario S.A.

Banco Modal

Waddah Barkawi, Ernst & Young

BDMG

Juan Berchesi, Isbel

Khaled Bichara

Hlumelo Biko

Leon Black

Bloomberg, LP

BOOTCAMP

DONORS2012

63

DONORS

DONORS2012$10,000+ The Brody Family Fund

Cablevision Systems Corporation

Café Punta del Cielo

Daniel Carriquiry & Juan Carlos Rodríguez, Costa Oriental

Juan Ignacio Casanueva

Bülent Çelebi, AirTies

Antonio Celia

Federico Cella & Gabriel Colla, Lynkos

Andrés Cerisola, Ferrere

Chilim Balam

Coatue Managment

Juan Collado

Compagas

Said Darwazah

Adam Dell

DMGT International

Doc Solutions

Vuslat Doğan Sabancı, Hürriyet

e.Ventures

Eastern Advisors Capital Group, LLC

Sebastian Echavarría

Edson Bueno

Emergence Capital Partners

Daniel Espinosa

Evolution Group SA

Ezequiel Farca

David Feffer

David Frankel

Andrés Freire

Janus Friis

Fundacion Bavaria

Fundación Bolívar Davivienda

G2 Consultores

José Galló

Pablo Garfinkel, Life Cinemas

General Atlantic Partners

Mark Gerson

Fadi Ghandour

Globant

Gobierno de la Ciudad de Buenos Aires

Google

Google Argentina

Alejandro Gorodish

GP Investimentos

Jason Green

Grupo AMV Desig

Grupo Modelo

Grupo MYT

Martin Guerra, in Capital

Gustavo Grobocopatel

Haakon Lorentzen

Paul Harris

Youssri Helmy

Marianne Hosni

HSBC Bank Argentina

INDG

Integration

Intellego

Intendencia de Comodoro Rivadavia (Provincia de Chubut)

Interdeli

Isabella & Patricio Jaras, Nutra Bien

Khaled Ismail

Itambé

Jonathan M. Nelson Family Foundation

Maher Kaddoura

Kaszek Ventures

Işık Keçeci Aşur, Aragon Capital

George & Bicky Kellner

Ali Y. Koç, Koç Holding

Korbitec (Pty) Ltd

KPMG

KPX

Miguel Krigsner & Artur Grynbaum

La Anónima

Leonard & Evelyn Lauder Foundation

Thomas H. Lee & Ann Tenebaum

Raúl Mandía & Ricardo Méndez, McDonald’s ‐ Arcos Dorados

Marc Haas Foundation

Diego Masola, Banco Comercial ‐ Group Scotiabank

Salim Mattar

Mazars Cabrera Consultoria Contabil e Tributaria S.S

Rubens Menin

Bernardo Minkow

Alan Mnuchin

Precious Moloi‐Motsepe

Álvaro Moré, Young & Rubicam

Natura

Network For Good Corp.

News Corporation

Meyer Joseph Nigri

NM Rothschild

Nossa Caixa Desenvolvimento

Nova Prolink

Ghassan Nuqul

NXTP LABS

Jennifer & Jonathan Oppenheimer

Optima Energía

Ebru Özdemir, Limak Holding

Murat Özyeğin, Fiba Holding

Américo Pereira

Ariel Pfeffer, Trillonario.com

Henry Martin Pistrelli & Asociados

Raúl Polakof, Scanntech

Polo Ralph Lauren

PREVITA

PricewaterhouseCoopers

PricewaterhouseCoopers Mexico

Procesa Chiapas

Promotora

Benjamin Quadros

Qualcomm

Quotidian Ventures, LLC

Geoff Ralston

Red Innova

Riverwood Capital Managment, LP

Julia Rodríguez Larreta, El País

Rogério Chor

Gabriel Rozman, Tata Consultancy Services

Kevin Ryan

SAB

SAB Foundation

Suzan Sabancı Dinçer, Akbank

Ferit F. Şahenk, Doğuş Holding

Santander

Alp Saul, Pronet

Mustafa E. Say, Access Turkey Capital Group

Robert Schumer

SEBRAE ‐ RJ

José Seripieri Jr

Jean Shaw, Sabre Holdings

Silicon Valley Bank

Simpson Thacher & Bartlett

Nelson Sirotsky

Berk Smith

The Sobel Family Foundation

Sportium

David Stemerman

Luiz Sthulberg

Nicolás Szekasy

Özcan Tahincioğlu, Tahincioğlu Holding

Marcel Telles

Alberto Torrado

Luiza Helena Trajano

Transvaal Electric Motors (Pty) Ltd

Ulhoa Canto

Mahmut Ünlü, Ünlü & Co

Uruguay XXI

Valiant Capital Partners, LP

Vieira Rezende Advogados

Ricardo Vontobel

Wayra Argentina S.A.

Woven Fund

Niklas Zennstrom

Fawaz Zu’bi

64

ENDEAVOR IMPACT REPORT 2012 – 2013

The following is a list of Endeavor Entrepreneurs who have agreed to participate in the Endeavor give‐back program

ARGENTINA AIVO Martin Frascaroli

Asignet Claudio Lopez Silva

Axeso 5 Cristian Schweizer

Belatrix Software Factory Alejandro Robbio Federico Robbio Luis Robbio

Bibliografika Diego Vorobechik Gustavo Vorobechik

Conexia Sebastian Letemendia Luis Navas

Congelados del Sur Adolfo Rouillón

Dominio del Plata Susana Balbo

FyO Alejandro Larosa

Globant Guibert Englebienne Martín Migoya Néstor Nocetti Martín Umaran

GoIntegro Germán Dyzenchauz Gastón Lejtman

GoodPeople Daniel Jejcic Pablo Orlando

Guia Oleo Esteban Brenman

Intellignos Juan Manuel Damia

InvGate Ariel Martin Gesto

Keepcon Matías Rozenfarb

Lenor Julio Made

The Machine Diego Noriega

MaqTec Martin Bonadeo José Mourelle

Mural.ly Mariano Suárez Battán Patricio Jutard

Onapsis Victor Montero Mariano Nuñez Di Croce

PAEZ Francisco Murray Tomas Pando Francisco Piasentini

Promored Norberto Loizeau Compte

Restorando Frank Martin Franco Silvetti

Smowtion Andres Alterini Mariano Elizari Santiago Pinto

Social Metrix Gustavo Arjones Martin Enriquez

Technisys German Pugliese Bassi Miguel Santos

Tensocable Jorge Finkielsztajn

Ultracongelados Miquel Angel Lagrutta

V/N Luciano Nicora

Ventas‐Privadas Felipe Herrera

Wormhole Sally Buberman Ignacio Lopez Maximiliano Menasches

Zott Producciones Patricio Miranda Rodolfo Montes de Oca

BRAzIL ABC Tiago Moura Mendonça

Acesso Digital Paulo Alencastro Diego Torres Martins

Agilis Marco Antonio Ferraz Luis Noronha

Akiyama Ismael Akiyama

AMBAR Bruno Balbinot

Angelus Roberto Alcântara Sônia Madi Alcântara

APPI Tecnologia Alexandre Pi

Arizona Alexandre Hadade Marcus Hadade

Atmo Digital (Subway Link) Arnold Eugenio Correia

B2 Agencia Carlos Balma Ricardo Librach Buckup Felipe Ribeiro

Beleza Natural Rogério Assis Heloísa Helena Assis Jair Conde Leila Velez

Bencorp Luis Alexandre Chicani

BS Construtora Eliane Borges dos Santos Sidnei Borges dos Santos

Casa do Construtor Expedito Arena Altino Cristofoletti, Jr.

Cash Monitor Marcio Furtado Wagner Furtado

Clearsale Pedro Paulo Chiamulera Bernardo Lustosa

Compsis Ailton de Assis Queiroga

Dermage Ilana Braun Lisabeth Braun Walter Braun

Doce d’ocê Carlos Bazanella Noeli Bazanella

DryWash Lito Rodriguez

Ebanx João Guilherme Del Valle Wagner Alexis Ruiz Alphonse Guilherme Voigt

Enox On>life Media Ernesto Villela Rafael Cordeiro

Escol@24Horas Severino da Silva

Francesca Romana Diana Francesca Romana Diana

Gera Alencar Carvalho Fabio Piastrelli Mengozi

Gigalink Carla Adriana Lucho Osvaldo A. Lucho Jr.

Grupo OilCheck Carlos Henrique Alves Luis Gustavo Milani

Grupo Trigo (Spoleto) Mario Chady Eduardo Ourivio

Integra Medical Luciana Guimarães Vanessa Vazquez

Lojas KD Nelson Fiorin Thiago Fiorin

Magnamed Tecnologica Toru Miyaji Kinjo Tatsuo Suzuki Wataru Ueda

Máquina PR Maristela Mafei

Mastermaq Breno Nely Leite Praca Carlos Alberto Tamm

Mextra Ivan Barchese

Minha Vida Roberto Lifschitz Fernando Ortenblad Daniel Wjuniski

MXT Gustavo H. Travassos

Nefrocare Tohoru Watari

Neoway Jaime Leonel de Paula Jr.

Pixel Labs Daniel Li Edgard Ortiz

Prática André Rezende Luiz Eduardo Rezende

Prepara Cursos Rogerio Gabriel

ProPay Mark Barcinski

Proteus João Mendes de Carvalho Marcelo Romcy

SEDI Edivan Costa

SIRTEC Darci Schneid

SuperBAC Luiz Chacon

Tecno Logys Valério Paz Dornelles

Tecnoblu Cristiano Buerger Edmur Polli

TecSaúde Iliane Alencar Zeev Katz Sérgio Lomanchinsky

Tecsis Bento Koike

TecVerde Caio Bonatto Beto Justus Lucas Maceno

ToLife Leonardo Lima de Carvalho

Uatt? Rafael Biasotto Ivan Oliveira

Wedologos João Paulo Coelho Gustavo Mota

CHILE Alto Jorge Nazer

Andrés Turski Andrés Turski

ArchDaily David Assael David Basulto

Ascon Manuel Aravena Juan Pablo Salas

Bercia Abishai Rovner

Buin Zoo Ignacio Idalsoaga

Business News Américas Greg Barton

Corbac Christian Cortés

Costa Brothers & Cia Sergio López

Drillco Rolando Carmona

Genesys Alvaro Ananías

Geomar Javier Donoso

Kibernum Mario Araya

Limonada Paula Valverde Valentina Valverde

Nutra Bien Isabella Jaras Patricio Jaras

Oleotop Karina von Baer

Oxxean Jorge Pacheco

Rahue José Manuel Horwitz

SKM Seaprende Max Grekin

Tiaxa Julie McPherson Felipe Valdés

Woodtech Olivier Paccot Michael Yorston

COLOMBIA Aranda Software Alberto Lederman Jorge Osorio

Bodytech Gigliola Aycardi Nicolás Loaiza

Campoalto Andrés Angulo Alvaro Hoffmann Hugo Fernando Novoa

Conexred Andrés Alban Mauricio Hoyos

Dynamo Andrés Calderón Cristian Conti Rodrigo Guerrero Diego Ramírez

EcoFlora Nicolás Cock

Glüky Juan José Mesa Andrés Ángel

Ideagro Mauricio Angel

LiSim Lilian Simbaqueba

Lumni Felipe Vergara

ENDEAvOR ENTREPRENEURGIvE-BACk

65

DONORS

Marroquinera Maria Fernanda Hernandez Perez Mario Hernandez Perez Mario Hernandez Zambrano

Oruga Diego Diaz del Castillo Pedro Tosin

Pagosonline Martin Schrimpff José Fernando Vélez

Refinancia Kenneth Mendiwelson

SFA CEBAR Fabio Velasquez

Sistole Ricardo Leyva

TES América Daniel Rosas

TVG Carlos Londoño

WeHostels Diego Saez‐Gil

Widetech Jaime Arbelaez

EGyPT Azza Fahmy Fatma Ghaly

Bey2ollak Mohamed Rafea Gamal Sadek

Divine Worx Omar Fathy

Diwan Bookstore Hind Wassef Nadia Wassef

El Matbakh Hiba Jammal Tarek Khaddaj

E‐Masary Omar El Sanhoury Moatasem Osam

Enigma Yasmine Shihata

Hassab Labs Mohamed Azab Amina Hassab

Hindawi Ahmed Hindawi

Imtenan Ahmed Farouk

Mashaweer Ahmed El Kordy Mohamed Wahid

SASCO Group Alaa Sryo Tarek Sryo

T.A. Telecom Amr Shady

TBS Tarek El Nazer Sameh El Sadat Basel Mashhour

Tabibi 24/7Walid Abdel HadiDr. Khalil Abdel KhalekKarim Ragab

GREECE Daily Secret Phaedra Chrousos Nikolaos Kakavoulis

Fereikos‐Helix Maria Vlachou Penny Vlachou

Hellas Direct Emilios Markou Alexis Pantazis

Obrela Security Industries George Patsis

Out There Media Daphne Loukas Kerstin Trikalitis

Papadimitriou Christos Papadimitriou

INDONESIA The Goods Group Anton Wirjono

Tirta Marta Sugianto Tandio

Indomog Vincent Iswaratioso

Kartuku Niki Luhur

JORDAN Akhtaboot Mohamad Haj Hasan Yousef Shamoun

Altibbi Jalil Allabadi

API Fadi Al‐Atrash

Ask for Human Capacity Building Amin Amin

Curl Stone Majdy Abo Mathkoor Fadi Bargouti

IrisGuard Imad Malhas

Jamalon Ala’ Alsallal

Javna Mansour Mansour

Jeeran Omar Koudsi

Kharabeesh Firas Al‐Otaibi Mohammed Asfour Wael Attili

The Online Project Ramzi Halaby Zafer Younes

Pharmacy 1Amjad Aryan

LEBANON At7addak Brahms Chouity

Diwanee Hervé Cuviliez Delphine Edde

Eastline Marketing Nemr Nicolas Badine Marc Dfouni

Element^n Rabih Nassar

Mobinets Labib Shalak

Mosaic Marble Taline Assi

Nada Debs Nada Debs

Nymgo Omar Onsi

Printworks Jad Khoury

MEXICO 4E Juan Carlos Gonzalez Jorge Gonzalez Olvera

Advenio Luis Garza Sada René Lankenau

AliBio Alfredo Suárez

ArCcanto Victor Calderón

BlueMessaging Andrés Rodríguez Juan Vera

Capital Gain Alejandro Villalón

ChilimBalam Dan Schwarzblat

Daniel Espinosa Studio Daniel Espinosa

Docsolutions Gabriel Oropeza Guillermo Oropeza

Enova Jorge Camil Moís Cherem Raúl Maldonado

Fagro Jesús Saro Boardman

Fullsand Joaquín Matienzo

G2 Consultores Jorge Gonzalez Gasque

Gresmex Gabriela León

Gruindag Armando Tortoledo Pedro Zarur

Grupo AMV Juan Manuel Alvarado

Grupo MYT Carlos Mier y Teran

HDS Jaime Cater

Imagen Dental Patricio Villarreal Ricardo Villarreal Zambrano

Ingenia Muebles Christian Vidal Flores Ernesto Vidal Flores Patrick Vidal Flores

Intellego Eduardo Graniello Felipe Labbé

Interlub René Freudenberg Roberto Iberri

InventMX Heberto Taracena Blé

IPETH Alejandro Cuervo Guevara Arturo Macip

Kubo Financiero Vicente Fenoll Algorta

L’Atelier du Chocolat Marisol Alfaro Hernández

La Zarza José Luis Cisneros Madrid

Litebuilt Luis de Yturbe Héctor Sepúlveda

Maskota Isaac Tawil Murry Tawil Abadi

Mexis Guillermo Casares González

MexQ Oscar Carrillo

MIA Guillermo Jaime Calderón

Micel Gabriel Manjarrez Pedro Zayas

Mister Tennis Manuel Jimenez Garcia

Montelobos Moises Guindi Daniel Schneeweiss

Naranya Arturo Galvan

Optima Energía Enrique Gomez Junco

Orcius Javier Cardenas Ibarra

Pabisan Enrique Ramon

Pounce Consulting Roger Viera

Previta Christian Guerra Morgan Guerra

Procesa Chiapas Alejandro Chaljub Mauricio Pariente

PROA Luis Martínez Luis Pernia

Quarksoft César Montes de Oca

SalaUno Javier Okhuysen Carlos Orellana

Sin Secretos Jorge Bouffier Manuel Villarreal

Tuyo Diego Creel Moreno Oswaldo Trava Albarrán

Veramiko Vidal Cantú Guillermo Farias

Vialux Fernando Martinez Francisco Moncayo

VickyForm José Zaga Saba

Vidrios Marte Hugo Hernández Basulto

Yogome Manolo Diaz

SAUDI ARABIA Lomar Loai Naseem

LSS Naif Alqahtani

OTS Ahmed Hamdan Hassan Hamdan

Shawarmer Abdulmohsin Al‐Rabiah

SOUTH AFRICA Call Force Direct Candice Roberts

Capsicum Cheryl Nesbitt

Cibecs Richard Dewing

Cyest Elton Bondi Andreas Cambitsis

Everlytic/Prefix Josh Adler Sam Hutchinson

Innovent Zakhe Khuzwayo DJ Kumbula

Integr8 Lance Fanaroff Robert Sussman

Kommunity Group Shane Immelman

Masana Hygiene Services Cynthia Mkhombo

Metrix Software Solutions Dennis Marketos Paul Marketos

Shonaquip Shona McDonald

ENDEAvOR ENTREPRENEURGIvE-BACk

66

ENDEAVOR IMPACT REPORT 2012 – 2013

Silulo Technology Lonwabo Rani Luvuyo Rani

Stitch Wise Natalie Killassy

Taste Holdings Carlo Gonzaga

VMT Wilter du Toit

TURkEy AirTies Bülent Çelebi

Baydöner Feridun Tunçer Levent Yılmaz

b‐fit Bedriye Hülya

Butigo Berk Alevi Harun Güner Gizem Yasa

Gezlong Kaan Aykaç

Hediyemo Altuğ Acar

KobiMaster Murat Özler

Kokteyl Erdem Yurdanur

Lidyana.com Hakan Baş

Magnet Digital Ersan Özer

Monopoli Sigorta Erol Esentürk

Nişfud Eren Merzeci

Peak Games Sidar Şahin

Petfor Semih Yüzen

P.I.Works Başar Akpınar

Pozitron Fatih İşbecer Fırat İşbecer

Rafinera Didem Altınbaşak Tulgan

Unnado Göktuğ Okan Oğuz Haldun Uraz

Yemeksepeti.com Nevzat Aydın Melih Ödemiş

URUGUAy AIVA María Noel Ache

Assist Julio Cantera

Astropay Andrés Bzurovski Sergio Fogel

Asuan Eduardo Delbono Álvaro Maldonado

CEPA Fernando Cammarota

ConectaGames Daniel Armand Ugon Nicolás Batlle

Districomp José Rubinstein Daniel Steiner

Infocorp Gabriel Colla

Lolita Michel Cohen

Lynkos Federico Cella

Medea Gabriel Schimmel

PedidosYa Ariel Burschtin Álvaro García Ruben Sosenke

Rinque Pharma Gabriel Fernández

RobTec Pablo Elenter Ariel Lijtenstein Sergio Oberlander

Salado Media Andrés Ameglio Carlos Ameglio

Scanntech Raúl Polakof

SEG Ingeniería Ernesto Elenter Diego Garfinkel Fernando Schaich

Seinco Francisco Gross

STATUM Álvaro Lozano Sebastián Schickendantz

Todotvmedia Sebastián Lateulade

Top Systems Álvaro Domínguez

URUNET Pablo Milburn

Ariel Aisiks CEO & Founder The Geo Global Foundation

Sunny Bates President & CEO Sunny Bates Associates

Gina Bianchini Founder & CEO Mightybell

Chris BierlyPartner Bain & Company

Juan Pablo Cappello Chair, Latin American Practice Greenberg Traurig

Erik Dithmer Global Vice President, End User Computing Sales Dell

Gregory Ericksen Former Global Vice Chair, Strategic Growth Markets EY

Taddy Hall SVP, Global Practices & Consulting The Nielsen Company

Richard Hamermesh Professor of Management Practice Harvard Business School

Matt Harris Managing Director Bain Capital Ventures

Aly Jeddy Director & Partner McKinsey & Company

John McIntire Chairman OpenEnglish

Paul Parker Head, Global Corporate Finance and M&A Group Barclays

Diego Piacentini Senior Vice President, International Business Amazon.com

Maria Pinelli Global Vice Chair, Strategic Growth Markets EY Global

veronica Serra Founding Partner Pacific Investments

Tom Speechley Senior Partner The Abraaj Group

SENIORADvISORS

“Capital without mentorship is lost capital. Creating an entrepreneurial ecosystem that provides mentorship, capital, networks, and support to help entrepre-neurs scale has a positive impact on job creation, the community, and economies.”

MARIA PINELLIGLOBAL vICE CHAIR- STRATEGIC GROwTH MARkETSEy GLOBAL

67

DONORS

AFFILIATE BOARD OF DIRECTORS

= Endeavor Entrepreneur

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ARGENTINA

Andy Freire Chairman & CEO Quasar Ventures Chairman Endeavor Argentina

Guibert Englebienne Co‐Founder & CTO Globant Vice Chairman Endeavor Argentina

Juan Collado Treasurer Grupo Tapebicua

Silvia de Torres Carbonell Executive Director IAE Entrepreneurship Center

Eduardo Elsztain Chairman & CEO IRSA Founding Chairman Endeavor Argentina

Marcos Galperín Co‐Founder & President MercadoLibre

Alejandro Gorodisch Founder & CEO Ombu Investments Management

Gustavo Grobocopatel President Los Grobo Group

Martín Migoya Co‐Founder & CEO Globant

Luciano Nicora Founder & CEO VN Global BPA SA.

Adolfo Rouillón Founder & CEO Congelados del Sur

Nicolás Szekasy Co‐Founder & Managing Partner KaszeK Ventures

Esteban Wolf CEO Progen

BRAzIL

Laércio Cosentino CEO TOTVS Chairman Endeavor Brazil

Carlos Alberto da Veiga Sicupira Board Member AB‐Inbev Founding Chairman Endeavor Brazil

Paulo Antunes Veras Founder Guidu

Paulo Cezar Aragão Partner Barbosa, Müssnich & Aragão Advogados‐ BMA

Fabio Colletti Barbosa President Grupo Abril S/A

Antonio Dias Leite Partner Cetus Investimentos

Peter Graber Founder & Partner Graber Segurança

Jorge Paulo Lemann Board Member AB‐Inbev

Pedro Luiz Barreiros Passos Co‐Chairman Natura

Romero Rodrigues CEO & Co‐Founder BuscaPé

Leila Velez Co‐Founder & CEO Beleza Natural

CHILE

Salvador Said Executive President Grupo Said Chairman Endeavor Chile

Enrique Cueto Executive Vice President Lan Airlines

José Luis del Río Chairman & CEO Dersa S.A.

Jorge Errázuriz Grez President Celfin Capital

Alan Farcas Partner Nazca Ventures

Jean‐Paul Luksic President Antofagasta Minerals

Christoph Schiess Executive President Transoceánica

Sven von Appen President Ultramar

COLOMBIA

Andrés Echavarría Board Member Corona Chairman Endeavor Colombia

Antonio Celia CEO Promigas

Albert Douer Vice President Ajover

Diana Gómez Co‐Chair of the Board Memo S.A.

Guillermo Heins Partner Heins & Moller

Eduardo Pacheco President Grupo Colpatria

Alejandro Santo Domingo Managing Director Quadrant Capital Advisors, Inc.

Carlos Andrés Uribe Arango CEO Ladrillera Santa Fe

EGyPT

Khaled Ismail Managing Director Intel Mobile Communications Chairman Endeavor Egypt

Hassan Abdalla Vice Chairman & Managing Director Arab African International Bank

Ahmed Badreldin Senior Partner The Abraaj Group

Khaled Bichara Co‐CEO Accelero Capital

Youssry Helmy Chairman Ideal Ratings

Marianne Hesni CFO & Board Member Hesni Group

Amr Shady Founder & CEO T.A. Telecom

68

ENDEAVOR IMPACT REPORT 2012 – 2013

AR

GE

NT

INA

: F

RA

NC

O F

OL

INI,

BR

Az

IL:

M.J

.AM

BR

IOL

A,

CH

ILE

: O

SC

AR

MA

LTE

z

IND

ON

ES

IA:

FL

ICK

R:

MR

. T

IN

DC

, L

EB

AN

ON

: F

LIC

KR

: E

US

EB

IUS

, M

AL

AY

SIA

: F

LIC

KR

: T

HE

DIL

LY L

AM

A

JORDAN

Ali Al‐Husry Director Hikma Pharmaceuticals Chairman Endeavor Jordan

Amjad Aryan Founder & CEO Pharmacy 1

Nadia Al Saeed General Manager Bank al Etihad

Tarik Awad CEO Capital Investments

Randa Ayoubi Founder & CEO Rubicon Group Holding

Waddah Barkawi Partner Ernst & Young

Said Darwazah CEO Hikma Pharmaceuticals

Ihab Hinnawi Umniah

Maher Kaddoura Investor & Social Activist Al Jude for Scientific Care

Peter Kellner Founder & Managing Partner Richmond Global LLC Co‐Founder Endeavor

Safwan Masri Vice President, Global Centers at Columbia University Director Columbia University Middle East Research Center

Ghassan Nuqul Vice Chairman Nuqul Group

Walid Tahabsem CEO Integrated Technology Group

Fawaz Zu’bi CEO Accelerator Technology Holdings

LEBANON

Sami Khouri CEO Teeba Holding Chairman Endeavor Lebanon

Michel Abouchalache CEO Quilvest

Charles El‐Hage Retired Partner Booz & Co. Lebanon

Fares Fares Chairman Wedge Alternatives Limited

Karim Farra Managing Director Manara Capital

Selim Ghorayeb Founder & CEO Algorithm

Habib Kairouz Managing Partner Rho Capital Partners

Marwan Kheireddine Managing Director Al‐Mawarid Bank s.a.l.

Azmi Mikati CEO M1 Group

Mu’taz Sawwaf CEO Mimar Invest

MALAySIA

Afzal Abdul Rahim CEO TIME Chairman‐elect Endeavor Malaysia

Mark Chang Founder & CEO Jobstreet.com

Tony Fernandes Founder Tune Group

Nazir Razak Managing Director & CEO CIMB Group

Shahril Shamsuddin President & CEO SapuraKencana Petroleum

Brahmal Vasudevan Founder & CEO Creador

Thean Soon Wong Co‐Founder & Managing Director My EG Services

INDONESIA

Husodo Angkosubroto Chairman Gunung Sewu Kencana Chairman, Management Endeavor Indonesia

Dr. (h.c.) Ir. Ciputra Founder & Chairman Universitas Ciputra Entrepreneurship Center Chairman, Supervisors Endeavor Indonesia

Svida Alisjahbana CEO Femina Group

Harun Hajadi Managing Director Ciputra

Hendrick Kolonas President Commissioner Celebes Artha Ventura

Jimmy Masrin CEO PT Caturkarsa Megatunggal

Theodore P. Rachmat Founder PT Triputra Investindo Arya

George Tahija President Director Austindo Nusantara Jaya

GREECE

Michael Chandris Chairman Chandris Group Chairman Endeavor Greece

Mareva Grabowski Managing Director MG Capital Advisors S.A. Founder & Vice Chairman Endeavor Greece

Dr. John Coustas President & CEO Danaos Corporation

Marily Frangista Managing Director Franco Compania Naviera S.A.

Theodore Kyriakou Group CEO Antenna Group

Johanna Papadopoulou President & Managing Director E.J. Papadopoulos S.A.

Dimitris Papalexopoulos Managing Director Titan Cement Company S.A.

Yiannis Stassinopoulos Viohalco S.A.

Takis Theocarakis Vice President & Deputy CEO NISSAN Theocarakis S.A.

Spyros Theodoropoulos Managing Director Chipita S.A.

Melina Travlou Managing Director Neptune Lines Shipping & Managing Enterprises S.A.

69

BOARDS OF DIRECTORS

AFFILIATE BOARD OF DIRECTORS

SAUDI ARABIA

Rami Alturki President & CEO Alturki Group Chairman Endeavor Saudi Arabia

Yousef Al Majdouie CEO Al Majdouie Motors

Musaab Al‐Muhaidib CEO Al Muhaidib Technical Supplies

Abdulaziz Al Omran Vice President Khalid & Abdulaziz Al Omran Co.

Abdulla Al Zamil CEO Alzamil Industrial Investment Company

Mohammed Hafiz CEO Al Sawani

Hossam Radwan Senior Partner The Abraaj Group

Faisal Tamer Managing Partner Tamer Group

ME

xIC

O:

FL

ICK

R:

ALV

AR

O_q

C

MIAMI

Adriana Cisneros Vice Chairman & CEO Cisneros Group of Companies Co‐Chairman Endeavor Miami

Daniel Echavarria Director Organizacion Corona Co‐Chairman Endeavor Miami

Ernest Bachrach CEO Advent International

Alberto Beeck

Alberto Chang Rajii President Grupo Arcano

Matt Haggman Executive Director Miami Knight Foundation

Peter Kellner Founder & Managing Partner Richmond Global LLC Co‐Founder Endeavor

Manny Medina Managing Partner Medina Capital Partners

Andres Moreno Founder & CEO Open English

Sean Wolfington Founder The Wolfington Companies

MOROCCO

Moulay Hafid Elalamy Founder & President SAHAM Group Chairman Endeavor Morocco

Hicham Berrada Co‐President Palmeraie Holding

Mohamed El Mandjra Founder Blue Mango Capital

Said Ibrahimi CEO Moroccan Financial Board

Majid Iraqui CEO Jlec

Alami Lazraq Founder & CEO Alliances

Walter Siouffi CEO Citibank Maghreb

Mostafa Terrab CEO & Chairman OCP Group

MEXICO

Carlos Gómez Andonaegui President Cascada Ventures Incoming Chairman Endeavor Mexico

Emilio Azcárraga Jean Chairman, President & CEO Televisa Outgoing Chairman Endeavor Mexico

Pedro Aspe Armella Co‐President Evercore Partners

Elías Cababie Daniel Chairman GICSA

Juan Ignacio Casanueva Chairman & CEO Grupo CP

Agustin Coppel Director & Chairman Coppel Group

Miguel Ángel Dávila President Shakeys Corp

Juan Pablo del Valle Perochena Chairman Mexichem

Eduardo Garza T President Frisa Industrias SA de C.V.

José Antonio Fernández Garza Managing Director PTM, México

Carlos Fernández González President Finaccess S.A.P.I. de CV

Andrés Gómez Co‐Chairman Grupo AXO

Guillermo González Guajardo President Taller de Empresa SC

Eduardo Graniello Chairman & CEO Intellego

Ricardo Maldonado Yañez Partner Mijares, Angoitia, Cortés & Fuentes

Bernardo Minkow Independent Consultant

Rafael Posado Cueto Chairman Grupo Proyecta

Guillermo Romo Romero President Grupo MEGA

Carlos Sales Sarrapy General Director Cuasar Capital SC

Alberto Torrado Chairman Alsea

70

ENDEAVOR IMPACT REPORT 2012 – 2013

SOUTH AFRICA

Adrian Gore CEO Discovery Holdings Chairman Endeavor South Africa

Hlumelo Biko CEO Circle Capital Ventures

Polly Carr CFO Ernest Oppenheimer & Son

Malik Fal Managing Director Omidyar Network Africa

David Frankel Managing Partner Founder Collective

Carlo Gonzaga CEO Taste Holdings

Paul Harris Non‐Executive Director FirstRand

Vincent Mai Chairman AEA Investments

Dr. Precious Moloi‐Motsepe Executive Chairman African Fashion International

Isaac Shongwe Executive Director of Human Resourses, Strategy and Sustainibility Barloworld Limited

Michael Vacy‐Lyle CEO FNB Commercial Banking

URUGUAy

Gabriel Rozman Executive Vice President Global Delivery Network Tata Consultancy Services Chairman Endeavor Uruguay

Andrés Cerisola Managing Partner Ferrere Vice Chairman Endeavor Uruguay

María Noel Ache Founder & CEO AIVA

Juan Berchesi Director Isbel

Gabriel Colla Director & Partner Infocorp

Orlando Dovat President Zonamerica

Pablo Garfinkel Director Tokai Ventures

Martín Guerra Senior Partner Incapital

Ariel Pfeffer Founder & CEO Trillonario.com

Raúl Polakof Founder & CEO Scanntech

Julia Rodríguez Larreta Director El País

TURkEy

Murat Özyeğin Board Member FIBA Holding Incoming Chairman Endeavor Turkey

Özcan Tahincioğlu Chairman Tahincioğlu Holding Outgoing Chairman Endeavor Turkey

Sina Afra Chairman & CEO Markafoni

Cansen Başaran‐Symes Former Country President PricewaterhouseCoopers Turkey Independent Consultant Başaran Symes Consultancy

Ümit Boyner Board Member Boyner Holding

Bülent Çelebi Founder & Chairman AirTies

Hayri Çulhacı Vice‐Chairman Akbank T.A.Ş.

Vuslat Doğan Sabancı Chairwoman Hürriyet

Işık Keçeci Aşur Managing Partner Aragon Capital

Ali Koç Board Member Koç Holding

Emre Kurttepeli Founder & Chairman Mynet

Ebru Özdemir Board Member Limak Holding

Suzan Sabancı Dinçer Chairwoman Akbank

Ferit Şahenk Chairman Doğuş Group

Alp Saul Founder & CEO Pronet

SO

UT

H A

FR

ICA

: F

LIC

KR

: K

YK

NO

OR

D,

TU

RK

EY

: Ö

zG

üR

Mü

LA

zIM

Oğ

LU

, U

RU

GU

AY

: F

LIC

KR

: L

ND

HS

LF

72

Mustafa Say Founder & Managing Partner AccessTurkey Capital Group

Mahmut Ünlü Chairman Ünlü & Co

Selçuk Yorgancıoğlu Turkey Country President & Group Executive Board Member The Abraaj Group

UNITED ARAB EMIRATESPatrick Chalhoub Co‐CEO Chalhoub Group Chairman Endeavor United Arab Emirates

Mustafa Abdel Wadood Board Member & Chairman of the Executive Committee The Abraaj Group

Muna al Gurg Director of Retail Easa Saleh al Gurg Group

Avi Bhojani Group CEO International Management Ventures

Fadi Ghandour Founder & Vice Chairman Aramex

Joseph Ghoussoub Chairman & CEO MENACOM

Souheil Hajjar Director Majid al Futtaim

Ahmed Ismail CEO Majid al Futtaim Ventures

Badr Jafar Managing Director Crescent Enterprises

Nilesh Ved Chairman & Founder Apparel Group

71

BOARDS OF DIRECTORS

Edgar Bronfman, Jr. General Partner Accretive LLC Endeavor Chairman

Michael Ahearn Chairman & Managing Partner True North Venture Partners, LP

Matt Bannick Managing Partner Omidyar Network

Nick Beim General Partner Venrock

Matthew Brown Co-Founder & CEO CAIS

Wences Casares Founder & CEO Lemon.com

J. Michael Cline Managing Partner Accretive LLC

Paul Fribourg Chairman & CEO Continental Grain Company

Jason Green Founding General Partner Emergence Capital Partners

Reid Hoffman Co-Founder & Executive Chairman LinkedIn

Peter Kellner Founder & Managing Partner Richmond Global LLC Co-Founder Endeavor

William McGlashan Founder & Managing Partner TPG Growth

Arif Naqvi Founder & Group Chief Executive Officer The Abraaj Group

Joanna Rees Managing Director Soda Rock Partners

Linda Rottenberg Co-Founder & CEO Endeavor

Nicolas Szekasy Co-Founder & Managing Partner KaszeK Ventures Former CFO MercadoLibre

Elliot Weissbluth CEO & Director HighTower Advisors

James Wolfensohn (Emeritus) Chairman Wolfensohn & Company LLC

GLOBAL BOARD OF DIRECTORS

72

ENDEAVOR IMPACT REPORT 2012 – 2013

“ Endeavor’s global movement is transforming economies, one entrepreneur at a time.”EDGAR BRONFMAN, JR.ACCRETIvE LLCGENERAL PARTNERENDEAvOR GLOBALCHAIRMAN

900 BROADwAy, SUITE 300 · NEw yORk, Ny 10013 · T: +1 212 352 3200 · ENDEAvOR.ORG

“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 the 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 anti-poverty program of all.”

THOMAS L. FRIEDMAN BEST-SELLING AUTHOR & PULITzER PRIzE-wINNING COLUMNIST the WoRld iS Flat: a bRieF hiStoRyoF the tWenty-FiRSt centuRy vERSION 3.0