Global Impact Report 2010
description
Transcript of Global Impact Report 2010
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Thomas L. Friedman
Best-selling author and Pulitzer Prize winning columnist
The World is Flat: A Brief History of the Twenty-first
Century Version 3.0
“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.”
Contents
Endeavor ModelPAGE 11
Impact, Results, & ActionPAGE 23
Network & FinancialsPAGE 37
Contributors & BoardPAGE 59
Endeavor Impact Report 2009—2010
I’d like to talk about games.
The biggest games of all were held this year, the FIFA World Cup, and everyone in our network enjoyed the festivities, even if we were a tad jealous of our colleagues at Endeavor South Africa!
But Endeavor’s involvement in gaming goes even deeper. Our Argentine firm Globant is running a brand new, 600-employee studio that’s created exclusive products for everyone from FIFA to Dreamworks. At our first selection panel in Cairo this March, we selected our 500th entrepreneur, Mostafa Hafez, whose company Timeline is the first studio in the Middle East to develop games for Xbox 360 and Sony Playstation 3.
One of the most exciting Endeavor stories this year involved Three Melons, which develops dazzling “advergames” from its headquarters in Buenos Aires. With the targeted support of Endeavor’s new Mentor Capital Program, the young entrepreneurs behind Three Melons sold their firm to Playdom, a game developer in Silicon Valley. Four months later, Disney acquired Playdom – and with it Three Melons – for $763 million.
Clearly, games are a serious business. And these young entrepreneurs – often dismissed or overlooked in their countries – embody the Endeavor spirit. They’re creative, risk-taking, bold, and charismatic. With Endeavor’s help, the CEO of Three Melons, Mariano Suarez Battan, is traveling around the world, telling his inspirational story. Back home, he’s already giving back to Endeavor to help us find the next generation of business leaders.
Whatever their industry—high fashion or green tech—Endeavor Entrepreneurs are game-changers. And we like to think of ourselves as their coaches. In 2009, business leaders in our network devoted more than 15,000 hours to mentoring these innovators, who in turn have created 130,000 jobs and generated $3.5 billion in revenues. As you read this year’s report, you’ll find many more stories about our impact around the world.
But as I like to say, we’re just getting started. We’ll soon be launching in Lebanon, and our scoping teams are making their way across Southeast Asia, Africa, and the Middle East. Over the next year, we’re excited to be hosting our first International Selection Panels in Silicon Valley and London. We also have new premium entrepreneur services (our Mentor Capital and Top 25 Programs), a new research arm (Endeavor’s Center for High-Impact Entrepreneurship) and a new website at endeavor.org. And we have many ways for you to join our team. We’d love to hear from you.
Until then, let the games begin!
Linda Rottenberg
Co-Founder and CEO Linda Rottenberg
Dear Endeavor Friends and Family
2 Introduction
Edgar Bronfman, Jr. Warner Music Group, Chairman & CEO Endeavor Global Board Chairman
“The knowledge that entrepreneurs continue to be sought and found, that jobs continue to be created, and that local economies are being transformed as a result, inspires us all to forge ahead with increasing determination and zeal. Endeavor has truly become unstoppable!”
Endeavor Impact Report 2009—2010
INTRODUCTION.
4 Introduction
What Endeavor Does
ENDEAVOR TRANSFORMS EMERGING MARKETS BY ESTABLISHINGHIGH-IMPACT ENTREPRENEURSHIPAS THE LEADING FORCE FOR SUSTAINABLE ECONOMIC DEVELOPMENT
Endeavor Impact Report 2009—2010
When small and medium-sized companies scale, they drive societies forward by generating significant revenue growth and the greatest number of high-quality jobs. It is entrepreneurs—in particular High-Impact Entrepreneurs—who shape and strengthen economies. They not only create wealth, but also clear a path upward for emerging markets.
Endeavor provides High-Impact Entrepreneurs with the tools and connections to achieve their greatest impact.
130,000 High-Quality Jobs
In WHICH
506 High-Impact Entrepreneurs
11 Emerging Market Countries
anD HavE CREaTED OvER
$3.5 Bn Annually
gEnERaTE OvER
In THE LaST 13 YEaRS EnDEavOR HaS BUILT a PORTFOLIO aCROSS
6 Introduction
Endeavor Company Jobs Grew 16%
High-Impact Entrepreneurs Lead the Way
In 2009, Endeavor companies on average grew jobs by 16% and revenues by 15% while average employment and gDP in Endeavor companies fell by 1.1% and 2.6% respectively.
In EnDEavOR COUnTRIES DURIng 2009
Average Employment Fell 1.1%
Average GDP Fell 2.6%
Endeavor Company Revenues Grew 15%
Results based off data compiled May 2010
5 10 15% 0
5 10 15% 0
Scaling medium-sized firms into large-sized firms has the most leveraged impact on gDP.
Why Endeavor Companies Matter
Current GDP COntrIButIOn By sIze Of fIrm
numBer Of new fIrms neeDeD tO raIse GDP 1%
Mexico
tyPe Of
fIrm
mICrOfIrms
mICrOfIrms
mICrOfIrms
smallfIrms
smallfIrms
smallfIrms
meDIumfIrms
meDIumfIrms
meDIumfIrms
larGefIrms
larGefIrms
larGefIrms
Chile
S. africa
449,900
20,064
984
85
293,232
21,630
3,538
139
56,897
7,675
7,017
194
“If 85 small and medium-sized companies become big companies, Mexico's GDP will increase by 1%. Imagine the impact if we transform 850 companies. This is Endeavor’s challenge: to make a true impact.”
Emilio azcárraga Televisa, Chairman & CEO Endeavor Mexico Board Chairman
RaISIng THE gDP BY 1%
Endeavor Impact Report 2009—2010
8 Introduction
The success of High-Impact Entrepreneurs can be measured by their companies' revenues and jobs, but their impact on a country is multiplied with each case study written, investment secured, and patent filed. While launching new products is influential, resonating with generations of people is high-impact.
Incomes from high-quality jobs in emerging markets enable families to increase their savings, invest in education, afford healthcare, and reach new standards of living.
What is The Multiplier Effect?
In a country with a 24% unemployment rate, nearly 2/3 of employees of South african Endeavor Entrepreneurs say that they want to start their own company in the future.*
2 OUT OF 3 EMPLOYEES DESIRE
TO BE an EnTREPREnEUREndeavor companies pay an average monthly compensation of 20,000 Rand, twice as much as the average monthly compensation for all South african employees and 33% higher than their previous employers.*
83% of Endeavor employees would recommend their company to a friend looking for a job.*
DOUBLE THE avERagE PaY
83% RECOMMEnDED EMPLOYER
1ok 20k
COMPanIES
THE MULTIPLIER EFFECT In SOUTH aFRICa
Endeavor Impact Report 2009—2010
* Endeavor launched its think tank and research arm in 2009. The Endeavor Center for High-Impact Entrepreneurship (C-HIE) aims to establish Endeavor as the global source of thought leadership for entrepreneurship in emerging markets. To identify and evaluate the reach and recipients of Endeavor’s impact, C-HIE piloted a survey of over 200 employees from eight South African Endeavor companies.
** Based on average family size, University of South Africa study (2007).
Endeavor Entrepreneur Carlo gonzaga employs 4,500 at Taste Holdings. His employees have 16,605 family members.**
OnE EnDEavOR EnTREPREnEUR
Can IMPaCT OvER 16,000 PEOPLE
16K+
Families of Endeavor employees are more than twice as likely to have access to water via an indoor tap than the national average.*
TWICE aS LIKELY TO HavE aCCESS
TO InDOOR WaTER
2
97% of employees' children are covered by Med aid healthcare versus the national average of 13% for South african children.*
97% CHILD HEaLTHCaRE aCCESS
FaMILIES COMMUnITIES
Introduction
Carlos alberto Sicupira AB-InBev, Board Member Endeavor Brazil Board Chairman
“The crucial catalyst for change is entrepreneurship. Nothing else has so much effect on the development of a country.”
ENDEAVOR'. .MODEL.
12 Endeavor Model
Endeavor Jordan held its first ISP and public launch in September 2009.
Launch
Endeavor actively scopes emerging markets. To launch a new office, a strong local private sector must ‘pull’ Endeavor in and commit to providing leadership and financial support to open the affiliate.
In 2010, Endeavor Mexico operated 10 regional offices.
Representatives from Lebanon, Jordan, Pakistan, Turkey, Mexico, Chile and the United arab Emirates attended Turkey's ISP and MCP in June 2010.
In 2010, affiliates opened regional offices in Rosario and Córdoba.
MEXICO
In 2010, an ISP was held in Rio de Janiero, where Endeavor Brazil opened a regional office in 2005.
BRaZIL
TURKEY
JORDan
In 2009, Endeavor Chile opened a regional office in Patagonia and hosted its first ISP.
CHILE aRgEnTIna
REgIOnaL EXPanSIOn
To date, 56 selected Endeavor companies are based outside of capital cities from the far tip of Patagonia to aguascalientes, Mexico. 38% were selected between 2009 and 2010.
InTERnaTIOnaL EXPanSIOn HIgHLIgHTS
Endeavor Impact Report 2009—2010
ISP = InTERnaTIOnaL SELECTIOn PanEL MCP = MEnTOR CaPITaL PROgRaM
Endeavor Egypt held its public launch in March 2010 with its first ISP and MCP
EgYPT
LEBanOn
Endeavor Lebanon is scheduled to launch in the first months of 2011
KEY InDICaTORS OF a
vIaBLE MaRKET
an increasingly vibrant private sector
a nascent entrepreneurial ecosystem
Rising foreign investment
Economic and political stability
nEW COUnTRIES
Pending launches in United arab Emirates, vietnam, Kenya, Indonesia, Philippines and Saudi arabia.
“The Endeavor selection process puts young talent through rigorous interviews with some of the world's most experienced business people. This exchange is priceless.”
Fadi ghandour Aramex, Founder & CEO Endeavor Jordan Board Member Endeavor Lebanon Board Member
14 Endeavor Model
Endeavor Impact Report 2009—2010
553
THE EnDEavOR SELECTIOn PROCESS : JanUaRY 2009 T0 JUnE 2010
2,653
242
> CanDIDates at InItIal revIews | wIth searCh & seleCtIOn staff
COnSUMER gOODS & SERvICES
EnERgY
FInanCE
HEaLTHCaRE & LIFE SCIEnCES
ManUFaCTURIng
TECHnOLOgY
PROFESSIOnaL SERvICES
31%
2%
5%
9%
12%
26%
15%
> CanDIDates at mentOr revIews | wIth ventureCOrPs vOlunteers
> CanDIDates at 32 lOCal seleCtIOn Panels | wIth hIGh-level lOCal netwOrk memBers
> CanDIDates at 8 InternatIOnal seleCtIOn Panels | wIth hIGh-PrOfIle GlOBal netwOrk memBers
159
> hIGh-ImPaCt entrePreneurs rePresentInG 70 COmPanIesOver the 6-12 mOnth seleCtIOn PrOCess, eaCh CanDIDate that reaChes an InternatIOnal seleCtIOn Panel reCeIves DIreCt feeDBaCk frOm 18 mentOrs On averaGe.
108
Endeavor screens thousands of entrepreneurs with high-impact potential over the course of a year. Beyond running high-growth, innovative businesses, candidates must demonstrate that their reach extends beyond company walls.
Select
HaRDER THan
HaRvaRD
Endeavor selected 4% of Endeavor Entrepreneur candidates in the last 18 months. Harvard Business School selected just over 10% of applicants for the class of 2011.
EnDEavOR
PORTFOLIO
16 Endeavor Model
15,780+ HOURS OF
MEnTORIng
provided by Endeavor ventureCorps mentors in 2009
92 InvESTORS
WORLDWIDE
participated in Endeavor’s Mentor Capital Program
EnDEavOR LInKS
TOP TaLEnT
In 2009, Endeavor's talent support programs coordinated first-hand experiences for:
31 eMBas from Stanford GSB, Harvard Business School, Wharton, and others
10 Fellows from Ernst & Young
13 Student Teams from programs at MIT Sloane and Kellogg
13 Endeavor Entrepreneur Participants at Columbia University’s Entrepreneurship and Competitiveness in Latin America (ECLA) program
Endeavor unites an elite network of 2,000+ global and local business leaders who serve on advisory boards for Endeavor companies and volunteer as ventureCorps. They act as mentors, investors, and role models to help High-Impact Entrepreneurs scale their companies.
Support
MBA students from leading US & EU schools and executives from leading corporations guide Endeavor Entrepreneurs on strategy, operations, and financing projects.
Top 25 Program
A program that helps top entrepreneurs raise capital through a hands-on boot camp cumulating in a pitch forum to top local and global investors.
Mentor Capital Program
Talent Support Programs
EnDEavOR gLOBaL EnTREPREnEUR SERvICES
Endeavor Entrepreneurs connect to the Endeavor network through a needs-based approach to receive mentoring, strategic advice, introductions, and media exposure.
Launched in 2010, Endeavor’s private social network links the Endeavor community of entrepreneurs, mentors, VentureCorps, board members, and staff.
global Connections
EndeavornETPremium programs offered to qualified entrepreneurs
A program that provides high-touch, customized services to the highest impact entrepreneurs, helping them generate annual revenues of US$100m or greater.
Endeavor Impact Report 2009—2010
Endeavor Services Elevate Entrepreneurs
“I started my business small. We are now Brazil’s largest marketing firm. In five years we will be one of the world's top twenty, and soon one of the top ten. This is why I volunteer for Endeavor. I am a High-Impact Entrepreneur and will be every day until my last.”
nizan guanaes Grupo ABC, CEO & Founder
MEnTOR CaPITaL PROgRaM
The Challenge: Emerging markets lack a community where entrepreneurs and investors understand each other’s needs, negotiate based on fair practices, and build the trust needed to form long-term partnerships.
The Catalyst: Through mentorships with successful investors and an investment-readiness curriculum, the MCP helps Endeavor Entrepreneurs with fundraising and creates a platform for top venture capitalists to invest in them with confidence.
The Change: Three of five Endeavor Entrepreneurs from the pilot class of the MCP have raised equity capital. One company, Three Melons, raised US$600k from Santander Bank and was acquired by social gaming company Playdom in 2010.
The Chain Reaction: Through MCP, Jeff Brody of Silicon Valley-based Redpoint Ventures provided strategic advice to Three Melons during negotiations with Playdom. Endeavor Entrepreneur and Global board member Wences Casares has mentored Three Melons since selection. He called the deal the “first of a kind” for Argentina, bridging Argentine entrepreneurs and Silicon Valley. In July 2010, Disney acquired Playdom for $763 million. Mariano Suarez Battan of Three Melons is now giving back financially to Endeavor and sharing his success story.
gLOBaL COnnECTIOnS
The Challenge: High-Impact Entrepreneurs oftenneed sustained support through structured programs, but sometimes they require targeted help from global executives with specific expertise and resources.
The Catalyst: Endeavor’s Global Connections program links entrepreneurs to Endeavor’s growing global network—from New York City to Cairo to Beijing.
The Change: Launched in 2009, Global Connections now supports over 30 Endeavor companies.
The Chain Reaction: Global Advisory Board member and Dell VP Erik Dithmer mentored Vinny Lingham on partnerships, expansion and SynthaSite’s go-to-market strategy. Committed to giving back, Vinny speaks at Endeavor events, and is donating 2% equity to Endeavor South Africa.
Endeavor Impact Report 2009—2010
18 Endeavor Model
Endeavor’s impact resonates beyond a company’s balance sheet and a CEO’s boardroom. Endeavor engages key change agents in order to foster entrepreneurial ecosystems and position Endeavor Entrepreneurs as national role models.
Multiply
Engage The Media
Elevate Entrepreneurship Education
Inspire Future generations
Endeavor argentina has linked MBA students from Universidad Torcuato Di Tella with Endeavor Entrepreneurs to address their market research and marketing needs.
Endeavor Brazil has partnered with local universities to bring the Kauffman Foundation’s FastTrac entrepreneurship curriculum to mil-lions of students.
Universities across five continents teach over 175+ cases studies about Endeavor or Endeavor Entrepreneurs.
In 2009, Endeavor offices partnered with 701 organizations,built coalitions that led over 1,736 activities, attracted 5.38 million participants, showcased 61 Endeavor Entrepreneurs, and reached 1.37 billion people through media campaigns and events as part of Global Entrepreneurship Week.
global Entrepreneurship Week is an international initiative across six continents that encourages entrepreneurship worldwide. Endeavor was selected by the Kauffman Foundation as the lead host in seven countries and a partner in two.
Endeavor led a panel in Egypt focused on media coverage of High-Impact Entrepreneurship in March 2010. Panelists included New York Times correspondent Michael Slackman, NPR’s Jessica Harris and Hisham Kassem, the former publisher of Egypt’s largest circulated daily private publication al-Masry al-Youm.
TechCrunch columnist Sarah Lacyhas featured thirteen Endeavor Entrepreneurs on Techcrunch.com, including entrepreneurs from Yola, Maqtec, Biruta, Globant, SEDI, Mercado Libre and Endeavor Entrepreneur as well as Global Board Member Wences Casares.
Journalists from six emergingmarkets attended a workshop on business coverage at the 2009 Endeavor Summit in Miami.
Partnering with the publication Milliyet, Endeavor Turkey published a 16-page feature on entrepreneurship with a circulation of 375,000.
Endeavor Impact Report 2009—2010
Foster Competitive Markets
Endeavor Chile Board Member Jorge Errázuriz served as economic advisor for Sebastián Piñera's presidential campaign, co-chairing the working group on entrepreneurship. Elected in January 2010, the President placed entrepreneurship at the top of his agenda.
Endeavor Colombia was recognized by the Colombian Ministry of Commerce at the National Summit for Entrepreneurship and Innovation for being one of two organizations that most influenced the entrepreneurial environment.
Endeavor argentina and the Development and Investment Agency organized Argentina's first entrepreneurship forum for policy makers, resulting in a white paper on developing entrepreneurship programs.
Influence Policy Makers
The Endeavor Center for High-Impact Entrepreneurship opened in 2009 and launched partnerships with the Michael and Susan Dell Foundation, the World Economic Forum and Stanford Graduate School of Business.
Drive Thought Leadership
Endeavor South africa, in partnership with the Gordon Institute of Business Science and First National Bank, released the first white paper on entrepreneurship in South Africa.
The Mentor Capital Program (MCP) launched in 2009 to prepare entrepreneurs for the fundraising process and link investors to share best practices and encourage transparency.
92 investors from 8 countries have participated in the MCP as mentors, attendees, or panelists in Egypt, Brazil, Chile, Turkey, Uruguay, Argentina and Silicon Valley.
Endeavor Turkey partnered with large Turkish bank Akbank in June 2010 to provide 17 Endeavor Entrepreneurs with a US$13m line of credit and access to more favorable rates, terms, and payment options.
“Endeavor is amazing! Brazil will have a key role in the building up of a counterforce to the growing size of Government.”Jorge Paulo Lemann AB-InBev, Board Member Endeavor Brazil Board Member
20 Endeavor Model
“I’m proud to sit on Endeavor Argentina’s Board ten years after becoming an Endeavor Entrepreneur. Having taken Mercado Libre from an idea to an IPO, it’s now fulfilling to watch younger entrepreneurs like Mariano and Pato of Three Melons scale and begin to give back.”
Marcos galperín Mercado Libre, Co-Founder & CEO Endeavor Entrepreneur Endeavor Argentina Board Member
Endeavor Impact Report 2009—2010
HOW EnDEavOR EnTREPREnEURS aRE gIvIng BaCK
* Endeavor Entrepreneurs selected after June 2010 and participants of premium programs
aRgEnTIna CHILE BRaZIL URUgUaY COLOMBIa MEXICO S. aFRICa
2%2% 2% 2% 1% 2% 2%vOLUnTaRY COMMITMEnTOF EqUITY
vOLUnTaRY COMMITMEnT OF EqUITY On an EXIT BaSIS
ManDaTORY COMMITMEnT OF EqUITY
vOLUnTaRY DOnaTIOn OF EqUITY OR InCREMEnTaL REvEnUES
ManDaTORY COMMITMEnT OF EqUITY*
ManDaTORY COMMITMEnT OF EqUITY FOR CaSH-OUTS & $10,000 In annUaL FEES
COMMITMEnTOF EqUITY OR PROFITS annUaLLY
83% oF ENDEAVoR ENTREPRENEURS ARE GIVING BACk
give Back
Endeavor is an organization of, by and for entrepreneurs. Many Endeavor Entrepreneurs voluntarily give back as board members and donors to support and guide the next generation of High-Impact Entrepreneurs. Endeavor aims to be self-sustaining through give-back and other market-driven revenues.
REaCHIng SELF-
SUSTaInaBILITY
Endeavor Entrepreneurs have played an active role in determining local give-back models by joining Endeavor's boards and encouraging fellow entrepreneurs to donate cash and equity to make Endeavor self-sustaining.
All Endeavor countries older than three years have instituted monthly or annual fee give-back programs. Similar programs are beginning in Egypt and Jordan in 2011 and Turkey in the end of 2010.
22 Introduction22
“For a long time, I didn’t believe any government or non-profit could really help develop clusters of high- impact entrepreneurs. But Endeavor has in very tangible ways.”
Sarah Lacey TechCrunch, Columnist
Endeavor Impact Report 2009—2010
IMPACT,' RESULTS,' & ACTION.
The Endeavor value Proposition
ENDEAVOR ANDHIGH-IMPACTENTREPRENEURSENABLE SIGNIFICANT AND LASTINGIMPACT IN EMERGINGMARKETS
24 Impact, Results, & Action
Endeavor Impact Report 2009—2010
REvEnUE FROM YEaR OF SELECTIOn JOBS FROM YEaR OF SELECTIOn
Shane Immelman LapDesk
High Impact is 105 employees distributing over 1,000,000 LapDesks in 16 countries.
Over 480 million students worldwide lack desks. Without this basic educational tool, children have a harder time learning in class. Shane Immelman is helping overcome this barrier with the ergonomic and portable LapDesk.
Since 2006, Endeavor has worked closely with Shane on his expansion plans and LapDesk’s revenues have increased exponentially. The story of LapDesk has spread just as rapidly: Shane is revered as a role model and businessman, endorsed by Archbishop Emeritus Desmond Tutu and chosen by Harvard Business School for two case studies in its curriculum. Continually focused on R&D, Lapdesk has registered four patents and will release four new products in 2011.
In 2010, FIFA appointed LapDesk as a fund partner, sponsoring 5,000 LapDesks and taking 7,000 LapDesk recipients to the World Cup.
+2,666% +775%
86
12
$3.9 MM
$141,000
za ‘06 PrOfessIOnal servICes
'06 | JUnE ' 10
“Endeavor has created a culture of mentorship. Promising entrepreneurs benefit from the wisdom of seasoned business leaders, who in turn are invigorated by the passion and innovation of the entrepreneurs. The resulting impact is priceless.”
Özcan Tahincioğlu Tahincioğlu Holding, ChairmanEndeavor Turkey Board Chairman
30 Impact, Results, & Action
SoLD!
whICh was aCquIreD By
DIsney In July 2010To PLAyDoM
368
233
$3.0 MM
$2.35 MM
Entrepreneur Spotlight
Ebru Çerezci& güvenç Kılıç Hiref
High Impact is bringing Turkish handicrafts to London with the click of a button.
Turkey has long been recognized for textiles and handcrafts, but lacks globally renowned brands. Ebru Çerezci and her brother Güvenç Kılıç have positioned Hiref to change international perceptions.
Hiref sustains traditional Anatolian artists while simultaneously ushering their handicrafts into the realm of luxury. The company sells 18 home décor collections, and offers two additional services: an interior design team for luxury hotels and a custom-designed gifts unit for corporate clients. Hiref has two flagship retail locations, and it counts Istanbul’s leading luxury hotels among its clients.
Endeavor mentors have guided Ebru and Güvenç as they developed an e-commerce strategy, expanded into the Gulf Region, and hired a CFO. Through Endeavor’s Global Connections program, Hiref connected with Amazon executive Diego Piacentini, who enabled Hiref’s handicrafts to become the first non-EU products to be available for purchase on Amazon.co.uk!
tr ‘09 COnsumer GOODs & servICes
+27.7% +58%
Mariano Suarez Battan & Patricio Jutard Three Melons
High Impact is putting argentina on the map as a leading web-games developer.
When Mariano Suaraz Battan and Patricio Jutard founded Three Melons in 2005, the video game industry in Argentina was nascent. After raising financing, the duo created their first game connected to advertisers, an advergame. The launch of the company’s Indiana Jones LEGO game drew over 10 million users worldwide. Most of Three Melons' games are web-based and generate revenue through in-game advertising and virtual goods. Over 800,000 people every day play Bola, the studio's first social game, on Facebook and Orkut.
Endeavor mentored Mariano and Patricio as they sought funding. The capital Three Melons secured allowed it to develop and release new products, in turn growing its user base. In 2010, Endeavor’s Mentor Capital Program helped Three Melons prepare its pitch and negotiate its agreement for their acquisition by Playdom, a Silicon Valley social gaming firm. In July 2010, Disney acquired Playdom for $763 million.
+45.7%
51
35
ar ‘08 teChnOlOGy
REvEnUE FROM YEaR OF SELECTIOn REvEnUE FROM YEaR OF SELECTIOn JOBS FROM YEaR OF SELECTIOnJOBS FROM YEaR OF SELECTIOn
'08 | JUnE ' 10'09 | JUnE ' 10
Endeavor Impact Report 2009—2010
Imad Malhas Irisguard
High Impact is identifying people in under three seconds with iris recognition technology.
Imad Malhas is making Jordan a center of excellence for technology innovation. His company, IrisGuard, is a security solution and services company that produces iris recognition devices, software and middleware.
Iris recognition technology uses a mathematical system to determine identity in real-time. It is currently the most accurate biometric system in the world, with a 0% false accept rate and a 0% false reject rate. Impressed with the technology and its security applications, Imad founded IrisGuard in 2004.
The United Arab Emirates purchased IrisGuard’s Homeland Security Border Control & Illegal Immigration System, which has identified over 500,000 illegal entrants to date. IrisGuard has also deployed 70 ATMs and 380 other stations at retail bank locations in Jordan with the world’s first iris recognition technology. Endeavor has helped Imad expand beyond Jordan by supporting IrisGuard’s marketing strategy and brokering introductions to leading financial institutions.
2321
gabriel Schimmel Medea
High Impact is exporting Uruguayan products to 35 countries.
Gabriel became CEO of his family's traditional textile business in 2002. Since then, he has been transforming Medea into a company with a global reach. It now exports to 35 countries.
In 2004, Gabriel entered a joint venture in El Salvador with r-pac International Corporation, a US global outsourcer of choice for mass merchandisers. Through this venture, he launched a manufacturing facility and is currently supplying branded packaging and trim accessories to the world's top mass merchandisers, retailers, and garment manufacturers, such as Wal-Mart and JC Penney. In parallel, he started a sales organization targeted at the European market that is in the process of evolving to another JV with r-pac.
Gabriel plans to increase his international activities. He is working with Endeavor to identify opportunities for growth and to strengthen his global partnership. In 2009, Gabriel participated in the Global 25 Program for Endeavor's highest impact entrepreneurs.
320318
$3.9 MM
$17 MM$5.4 MM
$7.4 MM
-38.5% +130%+9.5% +0.6%REvEnUE FROM YEaR OF SELECTIOn REvEnUE FROM YEaR OF SELECTIOn JOBS FROM YEaR OF SELECTIOnJOBS FROM YEaR OF SELECTIOn
'06 | JUnE ' 10'09 | JUnE ' 10
UY ‘06 COnsumer GOODs & servICesJ0 ‘09 teChnOlOGy
32 Impact, Results, & Action
ahmed Metwally & Mostafa Hafez Timeline Interactive
High Impact is changing the game for Egypt’s video gaming industry and thousands of engineers.
Before turning 18, Mostafa Hafez had sold his first video game to Crystal Interactive for worldwide distribution. At 21 years old, he founded Timeline Interactive, the first and only video game studio in the Middle East certified by Microsoft and Sony to develop games for Xbox360 and PS3.
In 2009, Timeline released CellFactor, the first downloadable video game to use sophisticated 3D visuals and game play physics – in 5 languages and for US$10. Timeline is not only gaining globally recognized partners and clients, but it is also creating a gaming ecosystem in Egypt by training engineers and cultivating demand for high-end games.
Endeavor selected Mostafa and Ahmed in March 2010 and is helping Timeline to become a leading studio in an industry projected to reach US$68 billion in 2012.
3835
Cesar Montes de Oca vazquez quarksoft
High Impact is a Mexican software development firm that wins contracts over IBM and accenture.
When Cesar Montes de Oca founded Quarksoft in 2001, the Mexican IT industry was characterized by low-quality software development. Quarksoft holds itself—and its industry—to a higher standard. It hires the best Mexican software engineers and implements cutting-edge research from top universities. Quarksoft is the only IT provider in Mexico to offer on-time delivery or a full refund, and its software’s defect rate is ten times lower than the industry average. Quarksoft’s standard for quality has helped it win contracts over major global competitors.
Since joining Endeavor, Quarksoft has doubled its workforce, in part to work on digitizing Mexican Social Security, a US$50m project. In 2009, Spanish software developer Oesía acquired Quarksoft in a deal that accelerated their regional expansion with Cesar at the helm.
Endeavor Mexico helped Quarksoft with talent recruitment, marketing strategy and introductions to new clients such as the federal housing fund Infonavit.
235
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$16.2 MM$16.1 MM $1.84 MM
$115,000
EG ‘10 teChnOlOGyMX ‘09 teChnOlOGy
+0.62% +1,500%+63% +8.6%REvEnUE FROM YEaR OF SELECTIOn REvEnUE FROM YEaR OF SELECTIOn JOBS FROM YEaR OF SELECTIOn JOBS FROM YEaR OF SELECTIOn
'09 | JUnE ' 10 ' 10 | JUnE ' 10
Entrepreneur Spotlight
Endeavor Impact Report 2009—2010
Felipe vergaraLumni
High Impact is ten times more students with educational financing in just over a year.
Felipe Vergara is a former professor and serial entrepreneur with an unwavering dedication to education. In 2001, Felipe worked with scholar Miguel Palacios to implement an equity approach to financing education. A venture capital fund that invests directly in human capital, Lumni finances education for students in exchange for a small fixed percentage of their future income over a pre-set time period.
Since joining Endeavor, Felipe has grown Lumni from supporting 150 students to over 1,600 students, with a dropout rate of 5% and a default rate below 2%. Lumni’s investors exceed 150 individuals and corporations, and current and forthcoming capital totals US$15m across 20 funds.
Fernando Fabre, Endeavor Mexico’s Managing Director, joined Lumni’s Board of Directors. Lumni is a candidate for the Mentor Capital Program, which helps Endeavor Entrepreneurs prepare for and capitalize on the fundraising process.
25
19
$476,000
$70,000
CO ‘09 fInanCe
+580% +31.6%REvEnUE FROM YEaR OF SELECTIOn JOBS FROM YEaR OF SELECTIOn
'09 | JUnE ' 10
“At any point of time I can talk to my Endeavor family members – locally and globally – reminding me I am not alone.”
Mansour Mansour Javna, CEO Endeavor Entrepreneur
34 Impact, Results, & Action
RESPOnDIng TO DISaSTER
From Epicenter to Entrepreneurial Center
EnDEavOR CHILE HaS TaKEn THE FOLLOWIng STEPS:
• Raised US$1m in cash and in-kind with the goal of supporting 300 families
• Started blueprints for a new Endeavor office in Concepción with co-financing from the Inter-american Development Bank
• Helped rebuild over 200 businesses and 100 homes
In February 2010, an 8.8-magnitude earthquake struck Chile, 500 times more forceful than the one in Haiti a month earlier. Endeavor Chile is responding and rebuilding the country with entrepreneurship.
CNN was able to break news within twenty minutes of the catastrophe, after speaking with Endeavor Entrepreneur Leo Prieto, who was providing on-the-ground updates through Twitter. It took local channels more than three hours to get on the air.
To revive the devastated fishing industry, Endeavor Chile launched the Give a Man a Rod program. Its objective is to provide support that sustains and impact that multiplies.
EnDEavOR IS
Merging!argentine Endeavor Entrepreneurs globant & Openware join forces, marking the first Endeavor Entrepreneur merger in Endeavor's history.
EnDEavOR IS
On the Big Screen!Contracorriente, produced by Colombian company Dynamo, wins the Sundance Film Festival World Cinema audience award for Dramatic Feature.
EnDEavOR IS
Lighting the Way!Mexico's Lightcom partners with Walmart to illuminate stores using alternative energy.
EnDEavOR IS
Strutting the Runway!To celebrate its 40-year anniversary, azza Fahmy Jewelry launches its luxury line, the Opus Magnum Collection, during nY Fashion Week.
Making Headlines
Endeavor Impact Report 2009—2010
BUILDIng a BRIDgE TO THE MIDDLE EaST
High-Impact Entrepreneurship at the Presidential Summit
EnDEavOR IS
Making Deals!In June 2010, groupon acquired its Latin american counterpart ClanDescuento, founded by Chilean Endeavor Entrepreneurs Oskar Hjertonsson and Daniel Undurraga.
EnDEavOR IS
Topping Charts!Listed as the most influential executive in nearshore outsourcing, gabby Rozman, Chairman of Endeavor Uruguay, is joined by Endeavor Entrepreneur Martin Migoya of globant.
EnDEavOR IS
Collaborating across Borders!SteamLab founder Şebnem Karasu of Turkey and Suminter Organics' Sameer Mehra of India are collaborating on a new steam-sterilized organic products venture.
EnDEavOR IS
Operating in China!Endeavor helps Mextra, a supplier of metallic alloy powders and tablets for aluminum products, open a facility in China.
In April 2010, Endeavor CEO Linda Rottenberg and Endeavor Jordan founding board member Fadi Ghandour anchored The Culture of Entrepreneurship Panel at the White House Presidential Summit on Entrepreneurship.
Over 250 participants from 50 countries attended to deepen ties among business leaders, foundations, and entrepreneurs in the United States and Muslim communities around the world.
In the closing remarks to the Summit, U.S. Secretary of State Hillary Clinton cited Endeavor as one of the State Department's partners for an e-mentoring program.
FOUR EnDEavOR EnTREPREnEURS FROM TURKEY anD JORDan PaRTICIPaTED aS DELEgaTES
Endeavor is expanding in the Middle East and north africa, with plans to launch in two new countries in 2011.
YEAR 02 – 03
• DiREct fEEDbAck
fRom 2nD
opinion REviEws
& sElEction pAnEl
intERviEws with
EnDEAvoR
vEntuREcoRps
• foRmAtion of
An EnDEAvoR
ADvisoRY boARD
• nEEDs AssEssmEnt
conDuctED
bY EnDEAvoR
vEntuREcoRps
• ongoing AccEss to
An EnDEAvoR
ADvisoRY boARD
• stRAtEgic
AssistAncE fRom
EmbAs & fEllows
• customizED
sERvicEs pRoviDED
viA top 25
pRogRAm to
EnAblE compAnY
to scAlE to $100m
• 1:1 mEntoRing
with globAl
vEntuREcoRps
thRough globAl
connEctions
• funDRAising
pREpARAtion
within thE mEntoR
cApitAl pRogRAm
• infoRmAl
mEntoRship
• finAnciAl REviEws
& pREsEntAtion
coAching fRom
EnDEAvoR stAff
• onlinE suppoRt
viA thE
EnDEAvoRnEt
communitY
• givE-bAck
continuEs
thRough foRmAl
AffiliAtE suppoRt
pRogRAms AnD
thRough tRAining
AnD mEntoRing
ActivitiEs
• pRomotion of
EntREpREnEuR
As A locAl RolE
moDEl viA pREss
EngAgEmEnt
AnD EDucAtionAl
cAsE stuDiEs
fAcilitAtED bY
locAl stAff
YEAR fivE
sociAl cApitAl
in Endeavor Colombia’s 5th year, 6 of 18 Endeavor Entrepreneurs invested in or started second companies.
cultuRAl cApitAl
In its fifth year, Endeavor Brazil's network received 34 entrepreneurship awards. Three years later, Managing Director Paulo Veras was named ‘Brazilian to make largest impact on economy’ by Organizações Globo.
intEllEctuAl
cApitAl
By its fifth year, 94% of Mexico's Entrepreneurs were investing in R&D.
YEAR thREE
finAnciAl cApitAl
By the third year, an average of 26 local investors engage in the network, having recognized the value of Endeavor's seal of approval for its entrepreneurs.
cultuRAl cApitAl
In its third year, Endeavor Turkey partnered with entrepreneurship magazine Inc. to create a Turkish version of the publication with a circulation of 8000. In Turkey during the same year, periodicals featured Endeavor or Endeavor Entrepreneurs in 54 articles.
YEAR six
cultuRAl cApitAl
In its 6th year, Endeavor South Africa reached 572,000 people through a 30-second entrepreneurship ad that was screened 266 times at 34 cinemas country-wide.
YEAR tEn
sociAl cApitAl
In its 10th year, Andy Freire, an Endeavor Entrepreneur, took over as Chairman of Endeavor Argentina's Board of Directors. Currently, over 50% of Argentina's Board are Endeavor Entrepreneurs. In 2008, Argentine Wences Casares, from Endeavor's first class of entrepreneurs, became the first Endeavor Entrepreneur to join Endeavor’s Global Board.
fiRst YEAR
YEAR onE
intEllEctuAl
cApitAl
In Endeavor Jordan and Endeavor Egypt's first year, Harvard Business School professor Bill Sahlman wrote a case study on Endeavor's launch in the Middle East, marking the third HBS/Stanford GSB case study on Endeavor.
$110m REvEnuE
______
5,000 Jobs ______
12 compAniEs
YEAR
03
$650m REvEnuE
______
28,000 Jobs ______
40 compAniEs
YEAR
10
$20m REvEnuE
______
800 Jobs ______
4 compAniEs
YEAR
01
• stRAtEgic
AssistAncE fRom
EmbAs & fEllows
• onlinE suppoRt viA
thE EnDEAvoRnEt
communitY
• givE-bAck bEgins
viA locAl AffiliAtE
suppoRt pRogRAms
kEY
5.4 MILLION
15,780 HOURS
225 PEOPLE
95 PERCENT
814 PATENTS
participants attended Global entrepreneurship Week events in endeavor host countries in 2009.
of mentorinG provided by endeavor venturecorps
of endeavor entrepreneurs still in operation
or patents pendinG by endeavor firms
these 5.4 million participants could fill all ten south African stadiums used for the 2010 world cup to capacity 10 times over.
Active Endeavor venturecorps spent nearly 1% of their work month mentoring and advising Endeavor Entrepreneurs.
the average Endeavor company’s employee workforce has grown by 429% since selection. the average growth in employment in Endeavor’s ten countries during the years Endeavor operated in those countries is 2%.
According to new us census data, 69 percent of first companies started by entrepreneurs in 2000 survived at least two years, and 51 percent survived five or more years.
Assuming that pending patents are received, 9.4% of all patents issued to businesses in countries where Endeavor operates have been or are being granted to Endeavor Entrepreneurs.
cultuRAl cApitAl
sociAl cApitAl
humAn cApitAl
finAnciAl cApitAl
intEllEctuAl cApitAl
$230m REvEnuE
______
10,000 Jobs ______
20 compAniEs
YEAR
05
YEAR 01 YEAR 04 – 05 YEAR 06 – 10
gRowth AnAlYsis bAsED on AvERAgEs fRom EnDEAvoR’s AnnuAl suRvEYs & REsEARch fRom EstAblishED AffiliAtEs
with each high-impact Entrepreneur, Endeavor fosters entrepreneurial ecosystems. based on twelve years of historical data, Endeavor can chart its average impact on entrepreneurs and countries over the course of a decade. by selecting and supporting high-impact Entrepreneurs, Endeavor can change the course of a company. when Endeavor is joined by a community that champions high-impact Entrepreneurship, Endeavor can change the course of a country.
Endeavor’s impact on A single Entrepreneur
Endeavor’s impact on A single country
the Evolution of high-impact Entrepreneurship over 10 Years capital in context
Endeavor Impact Report 2009—2010Impact, Results, & Action
employed by endeavor companies
before endeavor post enGaGement
= $5mm annual revenue
= 100 Jobs
= 4 endeavor companies
26 Impact, Results, & Action
$3.5bn
22,000+
291
of Endeavor Entrepreneurs invested in R&D in 2009
64%
506
15,780+
university cases or case studies on Endeavor or Endeavor Entrepreneurs taught in 2009
students and teachers whose education or training is supported directly by Endeavor companies
of first-year stanford business school students (6% of hbs) applied to be an embA in 2009
financialcapital
humancapital
socialcapital
intellectualcapital
culturalcapital
global impact metrics
average growth rate achieved in first two years after engaging with Endeavor
hours of mentoring provided by Endeavor venturecorps mentors in 2009
revenues generated by Endeavor Entrepreneurs in 2009 (2/3 growth resulted post engagement)
high-impact Entrepreneurs selected from 328 companies
candidates received professional feedback during Endeavor's search & selection process
Endeavor Entrepreneurs advised or invested in other companies
123 76%
1.23mm 14%
Endeavor Impact Report 2009—2010
225130,000+
$92mm
92
partnerships that Endeavor’s center for high-impact Entrepreneurship (c-hiE) is developing in its first year
10%95%
86
4322.7mm
of Endeavor Entrepreneurs who stated that they would not have met their mentor without Endeavor
patents or patents pending filed by Endeavor firms
major entrepreneurship awards received by Endeavor and its entrepreneurs
participants who attended global Entrepreneurship week events in Endeavor host countries 2009
people reached by Endeavor through print and broadcast media in 2009
1998—2009
raised in equity capital by Endeavor Entrepreneurs in 2009
of Endeavor companies are still in operation
of Endeavor companies that have sold or ipo'd
high-quality jobs created by Endeavor Entrepreneurs (3/4 created from growth post engagement)
average number of people employed by Endeavor companies in 2009
Endeavor Entrepreneurs have started another company post-selection
people building the hiE movement through Endeavor websites and social networking in 2009
investors worldwide participated in Endeavor’s mentor capital program in 2009 to June 2010
weeks spent by fellows and embAs on location consulting Endeavor Entrepreneurs in 2009
814 10 82%
495mm 401 5.4mm
Endeavor Impact Report 2009—2010
building 5 types of capital
Create jobs and wealth by unleashing new talent
Develop leaders through hands-on training and advising
Mobilize networks to attract investors and business mentors
Lead cutting-edge research to spark innovation
Showcase role models to inspire the next generation
financial capital
human capital
social capital
intellectual capital
cultural capital
28 Impact, Results, & Action
+998% +370.6%
320
68
Entrepreneur spotlight
$56 MM
$5.1 MM
REvEnuE fRom YEAR of sElEction Jobs fRom YEAR of sElEction
wilson martins poit poit Energia
high impact is generating accessible and reliable energy throughout brazil.
Wilson Poit was inspired to become an entrepreneur by his father, a rice farmer and merchant, who built his own rice mill.
When Wilson noticed that the generator industry in Brazil was unreliable and lacked competition, he made it his business to provide streamlined, comprehensive services. Founded in 1999, Poit Energia leases generators and offers complementary equipment rental and professional support.
Endeavor Brazil created an Advisory Board for Poit Energia that helped it raise funds for its expansion to Chile, Peru, and Argentina. Since joining Endeavor, Poit Energia has tripled its employees and has grown its revenues eight times over. In 2009, Ernst & Young named Wilson its “Entrepreneur of the Year.” Wilson now sits on the board of Endeavor Brazil, inspiring and guiding other entrepreneurs.
Br ‘02 enerGy
manuel Aravena& Juan pablo salas Ascon
high impact is producing superior boats to become the fastest growing shipyard in chile.
Manuel Aravena and Juan Pablo Salas began their careers as Chilean shipyard workers. When the maritime industry began to flourish in the 1990s, the engineers identified the demand for innovation and seized the opportunity to fill the mid-sized shipping niche.
In 2000, the entrepreneurs founded Ascon. The company made a name for itself by reinventing traditional salmon vessels to make them faster, safer and capable of holding more cargo. Today, Ascon is known for producing ships that not only meet the needs of the Chilean maritime industry, but also showcase cutting-edge, unique designs.
Ascon is the fastest growing shipyard in Chile. The company recently opened a 20,000-square-meter facility to expand its production capability. Endeavor has provided Manuel and Juan Pablo with a network of mentors who advise them on their growth strategy, international expansion and management structure.
chl ‘08 manufacturinG
'02 | JunE ' 10
REvEnuE fRom YEAR of sElEction Jobs fRom YEAR of sElEction
180 (e)
60
$14.1 MM (e)
$3.7 MM
+281% +200%
'08 | JunE ' 10
36 Network & Financials
“Endeavor is the most effective organization in unleashing the power of the entrepreneurial spirit. I believe entrepreneurship is the key to fundamentally improving lives in every part of the world.”
Mike Ahearn
First Solar, Chairman
Endeavor Global Board Member
NETWORK' & FINANCIALS.
38 Network & Financials
Gabriel Hornstein AM Clean
Martín Méndez AMTEC / NEORIS
Cristian Adamo Archpartners
Francisco Coronel Archpartners
Maximiliano Guerra Archpartners
Javier Boustani Arcos Rodantes
Pablo Gotelli Arcos Rodantes
Claudio López Silva Asignet
Andy Freire Axialent
Diego Vorobechik Bibliografika
Gustavo Vorobechik Bibliografika
Jaime Borta Biocientifica
Claudio Bedoya BioScience
Wences Casares Blingnation
Gabriel Nazar Cardon
Guillermo Marchionni Computación CEICOM
Luis Navas Conexia
Sebastian Letemendia Conexia
Adolfo Rouillon Congelados del Sur
Francisco Mackinlay CongelArg
Jonatan Altszul CORE
Susana Balbo Dominio del Plata
Esteban Brenman Dos Monos
Gian Muraglia DPS Automation
Claudio Marangoni Escuela Modelo de Futbol
Diego Noriega Evolution Group
Alejandro Belaga Finca Pilar
Diego Radicella Finca Pilar
Diqui James Fuerza Bruta
Alejandro Larosa FyO
Guibert Englebienne Globant
Martín Migoya Globant
Martín Umaran Globant
Néstor Nocetti Globant
Alejandro Frenkel Grupo Fen
Patricio Fuks Grupo Fen
Anne Marie Richard Grupo S & N
Eduardo Bruchou HSM
Nelson Duboscq HSM
Guillermo Casarotti Intizen/Chamana
Inés Berton Intizen/Chamana
Abel Matias Rozenfarb Keepcon
Margarita Carlés LAB
Beltrán Laxague Lavandas de las Sierras
Leony Staudt Lavandas de las Sierras
Adrián Le Pera LeadToRealty
Alex Limeres LeadToRealty
Julio Made Lenor
Laura Gall Lihue Expeditions
Felipe Llach Lixis
Santiago Aranda Lixis
Jose Mourelle MaqTec
Martin Bonadeo MaqTec
Diego Cheja Medix
Jack Cheja Medix
Hernán Kazah MercadoLibre.com
Marcos Galperín MercadoLibre.com
Lucio Torre MoviLogic
Fernando De Las Carreras Nervous Waters
Santiago Bilinkis Officenet
Pichon Baldinu Ojalá
Federico Seineldin Openware
Miguel Sampedro Patagonia Natural Products
Frank Vera Pop-Vision
Esteban Wolf Progen
Norberto Loizeau Promored
Felipe Ayllon Quinta Fresca
Fatima Rizzo Sepia
Germán Pugliese Technisys
Miguel Santos Technisys
Armando Mann Tecnonexo
Santiago Subotovsky Tecnonexo
Jorge Finkielsztajn Tensocable
Mariano Suárez Battán Three Melons
Patricio Jutard Three Melons
Martín Churba Tramando
Jessica Trosman Trosman
Miguel Ángel Lagrutta Ultracongelados Rosario
Luciano Nicora V/N Business Process Outsourcing
Lidia María Riba V & R Editorial
Trini Vergara V & R Editorial
Patricio Miranda Zott Producciones
Rodolfo Montes de Oca Zott Producciones
Alejandro Mashad Managing Director
Celia Alfie Entrepreneur Services
María Julia BearziInstitutional Development
Lucía CamardonIADB Program
Brenda FinkelsteinSpecial Projects
Shirly KalushSearch And Selection
Renaud PelletEntrepreneur Services
Nancy RebizoAdministration
Nicolás RamosCOO Endeavor Córdoba
María José Soler
Belén Alvarez Toledo Marketing And Events
Carolina Menéndez Trucco Communications
Argentina
ENTREPRENEURS
STAFF
Endeavor Impact Report 2009—2010
AR
PARTNERS
Financials
US$
94,603 60,194
154,797
1,850 9,608
11,458
166,255
43,794 45,651
89,446
76,809
166,255
91,524
56,533 75,823 52,382
278,902
555,163
37,142 78,329 77,288 130,517 28,296 30,979 20,016 79,761 57,135 10,281
549,744
143
5,276
(December 31, 2009 )
STATEMENT OF FINANCIAL POSITION
ASSETS
Current Assets Cash Other Assets Total Current Assets
Non-current assets Fixed assets Other Assets Total Non-Current Assets
Total Assets
LIABILITIES & NET BOOK WORTH
Liabilities & net book worth Current liabilities Other liabilitiesTotal Liabilities
Net Worth
Total Liabilities & Net Book Worth
STATEMENT OF INCOME & EXPENSES
REVENUES
Revenue for general purposes Benefactor donations Entrepreneur donations Corporate sponsorships Fomin-BID
Revenue for specific purposes Other income
Total Revenues
EXPENSES
Search & Selection Entrepreneur Services Institutional Development Education Seminars Special Projects Endeavor Córdoba Endeavor Rosario General Administration & Operations Fomin-BID Depreciation
Total Expenses
Financial Expenses
NET INCOME
A complete set of the audited financial statements by PriceWaterhouseCoopers for the fiscal year ending December 31, 2009 can be obtained by sending a written request to Endeavor Argentina, Arenales 1999 7° B.
Endeavor Main OfficeBuenos Aires
Affiliate OfficesCordobaRosario
IRSA
Globant
SAP
Inter-American Development Bank / The Multilateral Investment Fund (IDB/MIF)
La Nación S.A.
PricewaterhouseCoopers
Credit Suisse (Argentina) S.A.
Garrido LawFirm
The Boston Consulting Group
Agencia Nacional para el Desarrollo de Inversiones (Prosperar)
Gobierno de la Ciudad de Buenos Aires
La Red Innova
Consejo Profesional de Ciencias Económicas de la Ciudad Autónoma de Buenos Aires
Provincia de Chubut
Municipalidad de Comodoro Rivadavia
Fundación Banco Provincia
> The United
Nations sought out
Endeavor Argentina
to contribute
to the Millenium
Development Goals'
best practices
guide on promoting
emerging markets
entrepreneurship.
40 Network & Financials
Roberto Alcântara Angelus
Sonia Alcântara Angelus
Alexandre Pi APPI Tecnologia
Guilherme Bruno Arizona
Alexandre Hadade Arizona
Marcus Hadade Arizona
Heloísa Helena Assis Beleza Natural
Rogério Assis Beleza Natural
Jair Conde Beleza Natural
Leila Velez Beleza Natural
Luís Alexandre Chicani BenCorp
Romulo Groisman Biruta Media & Entertainments Mirabolantes
Alan James Biruta Media & Entertainments Mirabolantes
Rafael Liporace de Souza Pereira Biruta Media & Entertainments Mirabolantes
Matheus Meirelles Damasceno Ferreira Biruta Media & Entertainments Mirabolantes
Eliane Borges dos Santos BS Construtora
Sidnei Borges dos Santos BS Construtora
Ailton Assis Queiroga Compsis
Rodrigo Azevedo Comunique-se
Marcos Rochlitz Crivo
Paulo Silva Crivo
Daniel Turini Crivo
Ilana Braun Dermage
Lisabeth Braun Dermage
Walter Braun Dermage
Roberto El Ibrahim Diagnóstika
Filadelfio Venco Diagnóstika
Jose Rodriguez Drywash
Jose Pires Enox
Ernesto Villela Enox
Severino (Felix) da Silva Escol@24Horas
Francesca Romana Diana Francesca Romana Diana
Carla Adriana Lucho Gigalink
Osvaldo Lucho Jr Gigalink
Thai Quang Ngha Gooc
Antônio Carlos de Gissi Junior Kimberlit Agrociências
Arnaldo Goldemberg LAN Designers
Maristela Mafei Maquina da Noticia
Breno Nely Leite Praca Mastermaq
Carlos Tamm Mastermaq
Ivan Barchese Mextra
Fernando Ortenblad Minha Vida
Daniel Wjuniski Minha Vida
Rafael Duton Movile
Marcelo Sales Movile
Nikolaus Geisthövel Nano Endoluminal
Luciano Moreira Nano Endoluminal
Ricardo Peres Nano Endoluminal
Tohoru Watari Nefrocare
Jose Luiz Bhering Vaz Pietra
Clair E. S. Bizzo Pietra
Alexandre Luis Pigatto Pigatto
Jose Augusto Pereira da Silva Pipeway
Daniel Li Pixel Labs
Edgard Ortiz Pixel Labs
Wilson Poit Poit Energia
Jose Rizzo Hahn Filho Pollux
Ricardo Ferreira Nantes Portal Educação
André Rezende Prática
Luiz Eduardo Rezende Prática
Mark Barcinski ProPay
João Carvalho Proteus
Marcelo Romcy Proteus
Andre Figueiredo Publit
Edivan Costa SEDI
Églima Rodrigues SEDI
Mario Chady Spoleto
Eduardo Ourivio Spoleto
Arnold Eugenio Subway Link
Luiz Chacon SuperBAC
Helio Katanosaka Tech4b
Luiz Roberto Werner Wolf Tech4b
Valério Paz Dornelles Tecno Logys
Cristiano Buerger Tecnoblu
Edmur Polli Tecnoblu
Bento Massahiko Koike Tecsis
André Dayan Vitrogen
Tomaz Adour
Eduardo Bernardes
Alexandre de Botton
Andre Fonseca
Renato Hauptmann
Paula Hauptmann
Marcelo Salim
Aurimar (Harry) Santana Cerqueira
Wanderley Schimidt Campos
Penido Stahlberg Filho
Jaime Teig
Thiago Magre Venco
Agostinho Villela
Rodrigo Teles Managing Director
Oliver Alexander Search and Selection
Fernanda Antunes Entrepreneur Services
Andrea Bongioanni Controller
Isabella Botelho Search & Selection
Renata Chilvarquer Education
Daniela Chimento Administration
Ludmilla Figueiredo Marketing & Outreach
Leonardo Frade Coordinator Curitiba
Maria Juliana Giraldo Marketing & Outreach
Germano Guimarães Education
Marcelo Guimarães Entrepreneur Services, Rio de Janeiro
ENTREPRENEURS
STAFF
Brazil
Endeavor Impact Report 2009—2010
Natasha Hazan Regional Coordinator, Rio de Janeiro
Leandro Herrera Marketing & Outreach
Conrado Kaczynski Entrepreneur Services
Karen Kanaan Entrepreneurial Culture Director
Paloma Lambranho Search & Selection
Luiz Guilherme Manzano Search & Selection
Bianca Martinelli Entrepreneur Services
Lucas Melman Entrepreneur Services & Expansion
Amisha Miller Research
Letícia Queiroz Entrepreneur Services
Liliana Queiroz Administration
Camila Rocha e Silva Marketing & Outreach, Rio de Janeiro
Lídia Santos Daniel Marketing & Outreach
Juliano Seabra Education & Research Director
Marcos Simões Search & Selection
Elaine Souza Administration
Rodrigo Zampollo IT
Rodolfo ZhouriCoordinator Belo Horizonte
PARTNERS
Allis
Barbosa, Müssnich & Aragão
Companhia de Idiomas
DBM Brasil
DELL
DentalCorp
Ernst & Young
FDC- Fundação Don Cabral
FNQ
Grupo ABC
Heartman House
ICTS
Insper (Ibmec São Paulo)
Integration
ISAT
Lan Designers
Mandic
Máquina da Noticia
MBA Empresarial
Organizações Globo
PriceWaterhouseCoopers
Sirin&Haguiara
Só Marcas
Subway Link
TOTVS
Um por cento
Virid
Zapt Midia
Financials
US$
2,630,182 2,664
2,632,846
81,308
1,641 82,949
2,715,795
63,763 14,666 30,372
4,789 113,590
2,602,205
2,715,795
1,763,978 251,788 86,258 33,874
2,135,898
84,883 776,580 854,456
51,220
1,767,139
202,059
570,818
(December 31, 2009 )
STATEMENT OF FINANCIAL POSITION
ASSETS
Cash & cash equivalents Other accounts receivableTotal Current Assets
Non-Current Assets Judicial deposits Fixed assetsTotal Non-Current Assets
Total Assets
LIABILITIES & NET BOOK WORTH
Provision For Vacation Pay Taxes Payable Project Designated Advances Other PayablesTotal Liabilities
Retained Earnings
Total Liabilities & Net Book Worth
STATEMENT OF INCOME & EXPENSES
REVENUES
Corporate donations ABDI partnership revenue SEBRAE partnership revenue Other revenues
Total Revenues
EXPENSES
Taxes Project Costs Personnel Administrative Costs
Total Expenses
FX Revenue (Expense)
NET INCOME
A complete set of the audited financial statements by PriceWaterhouseCoopers for the fiscal year ending December 31, 2009 can be obtained by sending a written request to Instituto Empreender Endeavor Brasil, Rua Quatá,300 - 4o andar, 04546-042 Vila Olímpia, São Paulo, SP, Brazil.
Endeavor Main OfficeSao Paulo Affiliate OfficesBelo Horizonte Curitiba Rio de Janeiro
BR
> Nearly 1.5
million people
downloaded
Endeavor Brazil's
online seminars
over the last
3 years.
42 Network & Financials
Jorge Nazer ALTO
Michelle Boisier Araucania Yarns
Manuel Aravena ASCON
Juan Pablo Salas ASCON
Tiburcio de la Cárcova Atakama Labs
Esteban Sosnik Atakama Labs
Juan Eduardo Neuenschwander Autobahn
Santiago Muzzo Bazuca.com
Leo Prieto Betazeta
Francisco Sandoval Betazeta
Fernanda Maturana Bolsas Reutilizables
Pablo Maturana Bolsas Reutilizables
Ignacio Idalsoaga BuinZoo
Greg Barton Business News Americas
Roberto Manieu Chileangourmet
Paulina Peñaloza Chileangourmet
Félix Brunatto Chocolates Brunatto
Cristóbal Camino Chocolates Brunatto; INNOBANK
Erik Torreiter Colaboración Virtual
José Manuel Barros Colegium
Ariel Gringaus Colegium
Christian Cortés CORBAC FOODS
Geraldine Mlynarz DIAGNOTEC
Ana María Sandino DIAGNOTEC
Ricardo Duch Doggis
Oscar Fuenzalida Doggis
Rolando Carmona Drillco Tools
Iván Báez EMAN
Nicolás Barry Gemelo Storage Solutions
Sergio López Gemelo Storage Solutions; Intelliholding; ProactiveOffice Alvaro Ananías GENESYS
Javier Donoso GEOMAR
Daniel Daccarett Globe; PRODUCTO PROTEGIDO
Mario Araya KIBERNUM
Steven Cohn KITCORP
Italo Contenla KITCORP
Nicolás Lipthay KITCORP
Alberto Gana Latitud 90
Felipe Howard Latitud 90
Pilar Marambio Maraseed
Rodrigo Marambio Maraseed
Víctor Bórquez Max Service
Mariano Pola MICROLOGICA
Loreto Seguel Mundo Marino; La Bocatta
Francisco Seguel Mundo Marino; Life Gourmet
Oskar Hjertonsson Needish; ClanDescuento
Daniel Undurraga Needish; ClanDescuento
Isabella Jaras Nutra Bien
Patricio Jaras Nutra Bien
Karina von Baer OLEOTOP
Jorge Pacheco OXXEAN
Andrés Rivero Quick Deli
Andrés Turski Quick Deli; Grupo Sport Café - Dominga
José Manuel Horwitz Rahue
Luis Vera SCOPIX
Max Grekin SKM Seaprende
Abishai Rovner SKM Seaprende; Bercia
Patricia Cuevas SOCOMAL
Julie McPherson Tiaxa
Felipe Valdés Tiaxa
Felipe Hurtado Trabajando.com
Juan Pablo Swett Trabajando.com
Alfonso Gómez Unlimited; Virtualia; Multiverso
Rodrigo Jordan VERTICAL
Matías Errázuriz Wetland; Genera4
Edmundo Ganter Wetland
Olivier Paccot WOODTECH
Michael Yorston WOODTECH
Alan Farcas Managing Director
Nicole Amaral PiLA Fellow (2009-2010)
Christian Boada Patagonia Office
Verónica Burgos Projects & Administration
Camila Cangas Search & Selection
Macarena Carrió Education, Patagonia
Ana Cordovil PiLA Fellow (2008-2009)
Romina Fuenzalida Administration
Patricia Gallardo Marketing & Outreach
Mai Ann Healy PiLA Fellow Patagonia (2010-2011)
Anette Krohn COO
Lily Lyman PiLA Fellow, Patagonia (2008-2009)
Carolina Montes Entrepreneur Services, Patagonia
Paul O`Toole Entrepreneur Services
Gabriela Pacheco Marketing & Outreach Intern (2009)
Natacha Rovira Search & Selection, Patagonia
Sasha Sadrai PiLA Fellow, Patagonia (2009-2010)
3M
Acción Emprendedora
AFP Habitat
AmCham Chile
aqua.cl
AVINA
The Boston Consulting Group
Cámara de Comercio de Santiago
CISCO
CNN Chile
Columbia Business School
Deloitte
Diario Austral
Diario Financiero
Diario Llanquihue
Enjoy
Ernst & Young
Extend Comunicaciones
FerradaNehme
First Tuesday
Foro Innovación
Fundación Chile
Generación Empresarial
Global Entrepreneurship Monitor
Harvard University
ENTREPRENEURS
STAFF
PARTNERS
Chile
Endeavor Impact Report 2009—2010
Revista Capital
Revista City
SalmonValei
Sloan, Stanford University
SOFOFA
La Tercera
TVN
Universidad Adolfo Ibáñez
Universidad Federico Santa María
Universidad Católica de Chile
Universidad Del Desarrollo
Universidad de Chile
ICARE
IESE
Innova Chile de CORFO
Inter-American Development Bank The Multilateral Investment Fund
Kauffman Foundation
Kellogg School of Management
The Massachusetts Institute of Technology (MIT)
Ministerio de Economía
Ministerio de Hacienda
El Mercurio
Mujeres Empresarias
Princeton University
Proyecto Propio
REELA, Stanford University
Financials
Endeavor Main OfficeSantiago
Affiliate OfficesPatagonia
US$
369,110 325,728 20,838
4,754 2,363
722,794
20,831 45,735 45,217
(102,960) 8,823
8,855
740,472
91,637 752
340,745 8,578 7,509
449,221
760,259 (409,086)
(59,922) 291,251
740,472
438,977 29,484
343,589 9,999 2,211
824,261
233,782 182,305
12,030 31,018 16,174
294,847 31,639 6,336 4,005 8,699 58,741
879,575
(7)
(55,307)
(December 31, 2009 )
STATEMENT OF FINANCIAL POSITION
ASSETS
Current Assets Cash Marketable Securities Accounts Receivable Recoverable Taxes Deferred Taxes Total Current Assets
Fixed assets Office Equipment Computer, Furniture and Other Other Fixed Assets Accumulated Depreciation Total Non-Current Assets
Other Assets
Total Assets
LIABILITIES & NET BOOK WORTH
Accounts Payable Credit Cards Payable Unearned Revenues Retentions Accrued LiabilitiesTotal Liabilities
Paid In Capital Accumulated Gains (Losses) Net Income (Loss) in 2009Equity
Total Liabilities & Net Book Worth
STATEMENT OF INCOME & EXPENSES
REVENUES
Board/Advisory contributions Individual Donations Projects Interest Income Other Revenues
Total Revenues
EXPENSES
Salaries And Wages Professional Fees Telephone Rent, Occupancy And Utilities Printing And Publications Events And Activities Travel Depreciation And Amortization Office Expense Commissions Other Expenses
Total Expenses
Financial Expenses
NET INCOME
CHL
A complete set of the audited financial statements by Deloitte Chile for the fiscal year ending December 31, 2009 can be obtained by sending a written request to: Endeavor Chile, Av. Kennedy 5735, office 1607, Torre Poniente, Las Condes, Santiago, Chile.
> Endeavor
Entrepreneurs
from Chile have
raised over USD
$120 million in
capital.
44 Network & Financials
Gaia De Dominicis Managing Director
Eduardo Avella Communications & Institutional Relations
Janneth Castañeda Administration
Juliana Galvez Search and Selection
Camila Lecaros Entrepreneur Services
Oriana Torres Entrepreneur Services
Daniel Uribe Search and Selection
Camilo Vidales Special Projects
Gigliola Aycardi Bodytech
Nicolas Loaiza Bodytech
Fabio Velazquez CEBAR
Andres Calderon Dynamo
Cristian Conti Dynamo
Diego Ramirez Dynamo
Rodrigo Guerrero Dynamo
Mauricio Angel Ideagro
Lilian Simbaqueba Lisim
Esperanza Morales LST
Felipe Vergara Lumni
Jorge Cardona TES America
Daniel Rosas TES America
Carlos Londoño TVG
Kenneth Mendiwelson Refinancia
Monica Patiño Servinformacion
Ximena Patiño Servinformacion
Carlos Parada Servinformacion
ENTREPRENEURS STAFF PARTNERS
The Boston Consulting Group
Korn Ferry International
Kroll
Ernst & Young
Fundacion Bavaria
Cardenas & Cardenas Abogados
Brigard & Urrutia
Brigard & Castro
Horwath Colombia
Concurso Ventures
FD Gravitas
CO
Endeavor Main OfficeBogota
> In 2009,
Endeavor
Colombia’s 76
VentureCorps
members donated
over 3,100
hours to support
Endeavor
Colombia's search
and selection
operations and
mentor Endeavor
Entrepreneurs.
Colombia
Endeavor Impact Report 2009—2010
Financials
US$
63,803 2,748
66,551
16,238
82,789
5,748 33,214
4,149 13,928
537 21,982
79,557
3,232
82,789
411,175 41,983 25,377
926 18
479,479
294,131 45,635 43,438 27,445 21,793 19,837
3,513 2,875
1,761 103 56 47 51
2,761
463,446
16,033
(December 31, 2009 )
STATEMENT OF FINANCIAL POSITION
ASSETS
Current Assets Cash & Cash Equivalents Accounts ReceivableTotal Current Assets
Property, Plant & Equipment
Total Assets
LIABILITIES & NET BOOK WORTH
Bank overdrafts Accounts Payable Taxes Payable Salaries/Vacation Payable Contingency liabilities Other LiabilitiesTotal Liabilities
Net Worth
Total Liabilities & Net Book Worth
STATEMENT OF INCOME & EXPENSES
REVENUES
Individual Donations Training Revenues Consulting Revenues Interest Income Other Revenues
Total Revenues
EXPENSES
Personnel Expenses Consultants Miscellaneous Leases Services Travel Depreciation Expense Taxes Maintenance/Repairs Contributions/Affiliations Insurance Utilities Legal Costs Other non-operating expenses
Total Expenses
NET INCOME
A complete set of the audited financial statements by Ernst & Young for the fiscal year ending December 31, 2009 can be obtained by sending a written request to: Endeavor Colombia, Calle 67 No. 7-94, Oficina 604, Bogota D.F. Colombia.
“Endeavor is bringing a platform for entrepreneurs to succeed to countries like Colombia. Endeavor Entrepreneurs in Colombia will provide new employment opportunities, help redistribute income, and invigorate the Colombian economy.”
Alejandro Santo Domingo
Quadrant Capital Advisors, Inc.,
Managing Director
Endeavor Colombia Board Member
46 Network & Financials
Fatma Ghaly Azza Fahmy Jewellery
Omar Fathy Divine Worx
Nadia Wassef Diwan Bookstore
Hind Wassef Diwan Bookstore
Hiba Jammal El Matbakh
Tarek Khaddaj El Matbakh
Ahmed Metwally Timeline Interactive
Mostafa Hafez Timeline Interactive
Khaled Ismail SySDSoft, Inc.
Ahmed Ezzat Managing Director
Ahmed El Bedawy Entrepreneur Services
Mahmoud Gad Finance & Administration
Dana Moussa Search & Selection
Danielle van de Kemenade Communications & Outreach
American Chamber of Commerce
Deloitte
Daily News Egypt
German-Arab Chamber of Industry and Commerce
The Institute of International Education (IIE)
ENTREPRENEURS STAFF
PARTNERS
Financials
US$
198,123 4,746
761 1,087
204,717
28,957
233,674
543
2,070 30,866 33,480
33,480
217,211 (17,017)
200,195
233,674
300,000
300,000
172,202 144,315
500
317,017
(17,017)
(December 31, 2009 )
STATEMENT OF FINANCIAL POSITION
ASSETS
Current Assets Cash & Cash Equivalents Accounts Receivable Prepaid Expenses Other ExpensesTotal Current Assets
Fixed Assets
Total Assets
LIABILITIES AND NET ASSETS
Current Liabilities Accounts Payable Social Insurance Payable Payroll Taxes Payable Total Current Liabilities
Total Liabilities
NET WORTH
Net Worth at the beginning of the year Net Income Total Net Worth
Total Liabilities & Net Worth
STATEMENT OF INCOME
REVENUES
Contributions
Total Revenues
EXPENSES
Personnel Programs Other Expenses
Total Expenses
CHANGE IN NET ASSETS
A complete set of the audited financial statements by Deloitte Egypt for the fiscal year ending December 31, 2009 can be obtained by sending a written request to: Endeavor Egypt 22 Kamal El Tawil St., Zamalek Cairo, 11211 Egypt.
Endeavor Main OfficeCairo
EG
> Endeavor Egypt
is launching
the first national
media campaign
on High-Impact
Entrepreneurship.
Egypt
Endeavor Impact Report 2009—2010
Mohamad Haj Hasan Akhtaboot
Yousef Shamoun Akhtaboot
Widad Akrouk Al Masar
Amin Amin CADER
Thabet Al-Nabulsi Challenger Team
Imad Malhas Iris Guard
Mansour Mansour Javna
Laith Zraikat Jeeran
Omar Koudsi Jeeran
Hassan Atmeh KeenWash
Moutaz Atmeh KeenWash
Nader Atmeh KeenWash
Amjad Aryan Pharmacy 1
Carmen Saad Managing Director
Ismail Al-Atrash Search & Services
Tamer Al-Salah Search & Selection
Rayan Ghosheh Marketing & Communications
Catherine Halaby Entrepreneur Services
ENTREPRENEURS STAFF
Financials
US$
16,983 85,659
118 102,760
11,292
114,053
33,629 33,629
80,424
114,053
230,137 1,970
232,107
164,467 18,882 52,715 14,445 (1,378) 2,294
251,426
(19,319)
(December 31, 2009 )
STATEMENT OF FINANCIAL POSITION
ASSETS
Current Assets Cash & Cash Equivalents Accounts Receivable Other Current AssetsTotal Current Assets
Net Fixed Assets
Total Assets
LIABILITIES AND NET WORTH
Accounts Payable Total Liabilities
Net Worth
Total Liabilities & Net Worth
STATEMENT OF INCOME
REVENUES
Board Contributions Other Donations
Total Revenues
EXPENSES
Personnel Office Expenses Public Launch Event Travel Other Depreciation
Total Expenses
NET INCOME (LOSS)
Endeavor Jordan is currently engaged in its first formal audit process and will have audited 2010 financials available by request next year.
JO
Endeavor Main OfficeAmman
> With 13 Endeavor
Entrepreneurs
already in its
portfolio, Endeavor
Jordan is beginning
to make its mark
on the Jordanian
entrepreneurial
landscape.
Jordan
48 Network & Financials
Juan Manuel Alvarado Acento Mexicano
Alfredo Suárez AliBio
Carlos Marín Alltournative
Arturo Merino Arccanto
Víctor Calderón Arccanto
Martha Debayle BBMundo
Pablo Gonzalez Cid Café Punta del Cielo
Leonardo Shapiro Capital Gain Intelligence
Dan Schwarzblat Chilim Balam
Daniel Espinosa de los Monteros Daniel Espinosa Studio
Alejandro Villalón Desarrollos Integrales SAL
Patricia Rivera Dieta de los Asteriscos
Gabriel Oropeza Docsolutions
Guillermo Oropeza Docsolutions
Javier Arredondo Editorial Mapas
Ezequiel Farca Ezequiel Farca
Heriberto Acosta Farmatel
Vicente Fenoll Algorta Fincomun
Joaquín Matienzo I Fullsand
Jorge Gonzalez Gasque G2 Consultores
Carlos Mier y Teran Grupo MYT
Jaime Cater HDS
Patricio Villarreal Imagen Dental
Ricardo Villarreal Zambrano Imagen Dental
Emilio Sacristán Rock Innovamedica
Marcus Dantus Innovamedica
Maan Hamadé InterDeli
Heberto Taracena Blé Inventmx
Marisol Alfaro Hernández L Atelier du Chocolat
Jon Andoni Ertze Lightcom
Antonio Ertze Lightcom
Murry Tawil Abadi Maskota
Isaac Tawil Maskota
Carlos Mastretta Mastretta
Héctor Álvarez METCO
Guillermo Casares González Mexis
Oscar Carrillo MexQ
Guillermo Jaime Calderón MIA
Pablo Martínez Gama N Maz (Naturalia)
Francisco Martínez de Velasco Neology
Carlos Manuel Iturriaga Ollin Studio
Alejandro Diego von Correr Ollin Studio
Enrique Gómez Junco Optima Energia
Christian Guerra Previta
Morgan Guerra Previta
Paulino Decanini Primedic
Mauricio Pariente Procesa Chiapas
Alejandro Chaljub Procesa Chiapas
César Montes de Oca Quarksoft
Tatiana Bilbao Tatiana Bilbao
Daniel Schneeweiss Bernstein Tequilera Milagro
Moises Guindi Tequilera Milagro
Pablo Elizarrarás Todo De Cartón
Diego Elizarrarás Todo De Cartón
Manuel del Castillo Urman
Fernando Martinez Vialux
Francisco Moncayo Vialux
Fernando Fabre Managing Director
Francisco Álvarez Junior Manager, Public Relations
Troy Bilbao Senior Analyst, Entrepreneur Services
Rocío Díaz Consultant, Entrepreneur Services
Ana Victoria García Director, Entrepreneur Services
Carmen Gutierrez Junior Manager, Public Relations
Alejandro Martínez Senior Analyst
Gerogina Medina Junior Manager, Entrepreneur Services
Edvard Pettersen Consultant, Entrepreneur Services
Kate Reid Senior Analyst, Entrepreneur Services
Enrico Robles Junior Manager, Entrepreneur Services
Sandra Román Junior Analyst
Ma. Paula Roteta Director, Public Relations
Aitor Ruiz Director, Entrepreneur Services
Blanca Saldívar Senior Manager, Entrepreneur Services
ENTREPRENEURS
STAFF
Mexico
Angélica Saleh Administration Manager
Anabell Trejo Consultant, Entrepreneur Services
ENDEAVOR AGUASCALIENTES
Antonio Martín del Campo Regional Director, Center
Ximena de Alba Luis Cabrera Isabel Name Sarahí Orduño
ENDEAVOR BAJA CALIFORNIA
Adriana Eguía Manager, Baja California
ENDEAVOR CHIAPAS
Elisa Carballo Manager, Chiapas
ENDEAVOR GUANAJUATO
Estela Calderón Manager, Guanajuato
ENDEAVOR OCCIDENTE
Javier Ballesteros Quiñones Regional Director, Occidente
Patricia Barroso Elizabeth Aguirre
ENDEAVOR PUEBLA
Vincent Speranza Regional Director, South
Giovanna Cortés
ENDEAVOR SINALOA
Rubí Beltrán Palafox Manager, Sinaloa
ENDEAVOR YUCATÁN
Blanca Pérez Manager, Yucatan
Flor Lian Flores Pech
Endeavor Impact Report 2009—2010
BCG
Consejo de la comunicacón
Horwath Castillo Miranda
Korn Ferry
Mexis
Televisa
Financials
US$
253,057 64,345
6,943 15,819 4,754
344,917
3,338 30,950 34,287
346,821 (36,191) 310,630
344,917
1,038,941 12,031 5,159
1,056,131
311,236 15,629 55,438 10,754
686,867
4,495 9,164
1,093,584
1,263
(36,191)
(December 31, 2009 )
STATEMENT OF FINANCIAL POSITION
ASSETS
Current Assets Cash Accounts Receivable Taxes Receivable Property And Equipment Other Assets
Total Assets
LIABILITIES
Accounts Payable Taxes PayableTotal Liabilities
Net Worth At Beginning Of The Year Change In Net Worth Net Worth
Total Assets & Liabilities
STATEMENT OF INCOME & EXPENSES
REVENUES
Donations Services Other income
Total Revenues
EXPENSES
Communication & Education Administration Institutional Development Other Costs Services For Entrepreneurs Fluctuating Exchange Rates & Bank Commissions Income Taxes
Total Expenses
Financial Expenses
NET INCOME
A complete set of Mexico City and Monterrey's audited financial statements by Horwath Castillo Miranda for the fiscal year ending December 31, 2009 can be obtained by sending a written request to: Endeavor Mexico at Manuel M Ponce 125, B, Col. Guadalupe Inn, México D.F.
PARTNERS
Affiliate OfficesAguascalientesBaja CaliforniaChiapasGuanajuato JaliscoNuevo LeonPueblaSinaloaYucatan
MX
> Between 2004
and 2010, Endeavor
Mexico has grown
from 1 to 10 offices,
from 15 to 180
supported Endeavor
Entrepreneurs,
and from 3 to 32
staff members.
Endeavor Main OfficeMexico City
50 Network & Financials
Handri Conradie @Source
Nuno Pires Altis Biologics
Nicolaas Duneas Altis Biologics
Dumi Gumbi Anamazing
Isabelle Rorke Anamazing
Langa Sangoni Apple Green Holdings
Tim Mohulatsi Apple Green Holdings
Christopher Whitfield Batswadi Pharmaceuticals
Candice Roberts CallForce Direct
Cheryl Nesbitt Capsicum Culinary Studio
Elton Bondi Cyest Corporation
Andreas Cambitsis Cyest Corporation
Reuben Louw Dignity Boards
Estelle Venter Dignity Boards
Gregory Starke Disa Vascular
Kerryne Neufeldt iSlices
Glen Ansell i5
Amos Mtsolongo Kasty Gaming Zone
Musa Maphongwane Kasty Gaming Zone
Shane Immelman Lapdesk
Lemao Motaung Medupe Electrical Supplies
Adri Schutz Mielie Fashions
Gustav Schoeman Nirph Digital
Theunis Botha Nirph Digital
Marius Bezuidenhout Nirph Digital
Gustav Praekelt Praekelt
Josh Adler Prefix Technologies
Sam Hutchinson Prefix Technologies
Sakhumzi Maqubela Sakhumzi Restaurant
Ntuthuko Shezi Scratch Mobile
Shona McDonald Shonaquip
Luvuyo Rani Silulo Ulutho Technology
Lonwabo Rani Silulo Ulutho Technology
Colin Albertyn SmartCRUTCH
ENTREPRENEURS
Endeavor Main OfficeJohannesburg
+
+
+
+
+
+
+
+
+
+
+
+ +
+
+
> During
2009 Global
Entrepreneurship
Week Endeavor
South Africa
led a coalition of
14 organizations
to reach more
than 14 million
South Africans,
7079 directly
through 19
hosted events.
Kumaran Padayachee Spartan Technology Rentals
Natalie Killassy Stitch Wise
Bruno Mungofa Studio 05
Cecilia Mungofa Studio 05
Nashville Mungofa Studio 05
Vinny Lingham Yola
Robert Dennison Trainiac
Wilter Du Toit Virtual Mobile Tech
DJ Kumbula InnoVent
Zahke Kuhzwayo InnoVent
South Africa
ZA
Endeavor Impact Report 2009—2010
Malik Fal Managing Director
Maria Azevedo Marketing & Outreach
Rezaan Daniels Search & Selection
Nontokozo Hlangweni Marketing & Outreach
Fiona Pieterse Administration
Tumi Sefolo Search & Selection
Sean Walker Entrepreneur Services
Affiong Williams Entrepreneur Services
STAFF
Actis
Citi
Deloitte
Discovery Health
Emzingo
Ernst & Young
First National Bank
Georgetown University, McDonough School of Business
The Gordon Institute of Business Science
INSEAD Business School
London Business School
Transvaal Electric
Tshikululu- DRA
PARTNERS
Financials
US$
23,833 613
17,006 41,452
13,998
55,450
58,004 13,368 71,371
(55,140) 39,218
(15,922)
55,450
757,997
400 15,241
773,638
204,914 14,294
523,851 492
743,552
9,131
39,218
(December 31, 2009 )
STATEMENT OF FINANCIAL POSITION
ASSETS
Current Assets Bank balances & cash Taxation Asset Trade & Other ReceivablesTotal Current Assets
Property, Plant & Equipment
Total Assets
LIABILITIES
Trade & Other Payables Loan Payable Total Liabilities
Net book worth at the beginning of the year 2009 Net Income
Retained Earnings (Accumulated Loss)
Total Assets & Liabilities
STATEMENT OF INCOME & EXPENSES
REVENUES
Donations & grants Interest income Other Income
Total Revenues
EXPENSES
Administration costs Selling & distribution costs Staff costs Interest
Total Expenses
Financial Expenses (Income)
NET INCOME (DEFICIT)
At the time of the printing of this report, Deliotte SA were completing their regular, scheduled review of Endeavor South Africa’s FY2009 statements. For a copy of the finalized audit, please send a written request to: Endeavor Entrepreneurship Institute, Woodlands Office Park, Building 14, Ist Floor, Woodmead 2199, P.O Box 1768, Gallo Manor 2052, Woodmead, Sandton, South Africa
+ Excelerator Entrepreneurs
Endeavor South Africa's Excelerator Program targets entrepreneurs from historically disadvantaged backgrounds that have High-Impact potential, but as of yet do not meet Endeavor's HIgh-Impact criteria.
52 Network & Financials
Bülent Çelebi AirTies
Ahmet Duyar Artesis
Özer Hıncal Arvento
Bedriye Hülya b-fit
Kerem Erdem Bizitek
Murat Şahinoğlu Bizitek
Emre Mermer Dükkan İstanbul
İzzet Bonofiyel Monopoli Sigorta
Erol Esentürk Monopoli Sigorta
Semih Yüzen Petfor
Başar Akpınar PIWorks
Bahadır Kuru PIWorks
Fatih Işbecer Pozitron
Ali Özgün Speedcity
Ahmet Özgün Speedcity
Canan Özgün Speedcity
Şebnem Karasu SteamLab
Tania Eskinazi Gürüşçü Takawear
Damla Gönül Turkmix
Elda Maraşlı Turkmix
Aydın Şeker Turkmix
Nevzat Aydın yemeksepeti.com
Cem Nufusi yemeksepeti.com
Melih Ödemiş yemeksepeti.com
Mehmet Aksel MSA
Didem Altınbaşak Tulgan Rafinera
Aslı Caner Youtholding
Emrah Kaya Youtholding
Ebru Çerezci Hiref
Güvenç Kılıç Hiref
Alemşah Öztürk 41?29!
ENTREPRENEURS STAFF
Didem Altop Managing Director
Melih Abuaf Search & Selection
Büke Çuhadar Communications & Projects
Melisa Fakabasmaz Özerdim Finance & Operations
Hasan Fidan Office Support
Eran Filiba Search & Selection
Ceylan Hünal Communications & Projects
Aslı Kurul Türkmen Search & Services
PARTNERS
Endeavor Main OfficeIstanbul
TR
Vuslat Doğan Sabancı
CitiGroup
Kauffman Foundation
Stanford University
Limak Holding
Ambassador Hotel Ankara
Istanbul Technical University
MIT Sloan Executive Fellows
Ministry of Education
British Council
Özyeğin University
Tahincioğlu Holding
Carlo Bernardini
Marmara University
Koç University
PWC Turkey
Sabancı University
Bahçeşehir University
Turkey
Endeavor Impact Report 2009—2010
Financials
US$
47,479 216
3,963 1,217
46,936 11,396
111,206
14,815 18,722
344 33,882
145,088
8,995 31,276 3,991
55,522 99,784
(214,525) 259,829 45,304
145,088
166,474 104,025 754,025
1,024,524
461,194 303,678 764,873
(1,232) 28
258,447
(December 31, 2009 )
STATEMENT OF FINANCIAL POSITION
ASSETS
Current Assets Cash & Cash Equivalents Marketable Securities Trade Receivables Other Receivables Accrued Income Other Current Assets Total Current Assets
Long-Term Assets Fixed Assets Intangible Assets Prepaid ExpensesTotal Fixed Assets
Total Assets
LIABILITIES & NET ASSETS
Current Liabilities Trade Payables Other Liabilities Advances Received Taxes Payable & Fiscal LiabilitiesTotal Current Liabilities
Prior Year Net Assets 2009 Change in Net Assets Total Net Assets
Total Liabilities & Net Assets
STATEMENT OF INCOME & EXPENSES
REVENUES
Event Fees Membership Dues Board Contributions
Total Revenues
OPERATING EXPENSES
Search & Selection Related Expenses General Administrative Expenses Total Operating Expenses
Non-Operating Income (Loss) Extraordinary Income (Loss)
NET INCOME
A complete set of the audited financial statements by Birleşik Uzmanlar YMM A.S. for the fiscal year ending December 31, 2009 can be obtained by sending a written request to: Büyükdere Cad. Noramin İş Merkezi No 55 Kat:3 Daire 301 Maslak Istanbul, Turkiye
Boğaziçi University
NewBridge
Fiba Group
Swiss Hotel
Cnbc-e
Emory University
Otokoç Budget Turkey
Türkmedya Group
TBWA İstanbul
JCI
TUGİAD
Turkcell
TOBB GGK
Işık University
Dinamo Fm
Patika Yapım
Power Fm
Innovation Team
Genç Başarı
Boğaziçi Üniversitesi Mezunlar Derneği
Elginkan Vakfı
LabX
MG Danışmanlık
Yıldız Teknik University
Düzce University
Istanbul Bilgi University
IDE Planet
Gelecekdahanet
Vodafone Turkey
Max Fm
invest.gov.tr
Kariyer.net
MPR
ISI Emerging Markets
> In 2009, the
average revenue
growth rate
of Endeavor
Entrepreneurs in
Turkey was 30%,
while Turkey's
GDP decreased
by 4.7%.
54 Network & Financials
María Noel Ache AIVA TPA
Federico Cella AIVA TPA
Julio Cantera Assist
Fernando Cammarota CEPA
José Rubinstein Districomp
Daniel Steiner Districomp
Gabriel Colla Infocorp
Gabriel Fernández Laboratorios CLAUSEN
Leonardo Olivera Laboratorios CLAUSEN
Michel Cohen Lolita
Federico Cella Lynkos
Javier Beathyate Magma
Gabriel Schimmel Medea
Roni Lieberman Memory
Andrés Rosenblatt METROPOLIS films
Adolfo Villalba Montreal
Cecilia Casulo Montreal
Pablo Elenter RobTec
Ariel Lijtenstein RobTec
Sergio Oberlander RobTec
Raúl Polakof Scanntech
Ernesto Elenter SEG Ingenieria
Diego Garfinkel SEG Ingenieria
Fernando Schaich SEG Ingenieria
Francisco Gross Seinco
Manuel Cabanelas STATUM
Álvaro Lozano STATUM
Sebastián Schickendantz STATUM
Pablo Milburn Urunet
Álvaro Domínguez Top Systems
Laura Raffo Managing Director
Margarita Mangino Entrepreneur Services
Luciana Lapachián Marketing & Communications
Lee Martínez Institutional Development
Ana Paula Carrero Search & Selection
Alejandro Caravia Entrepreneur Services
Anna Chiara Ortolani Entrepreneur Services
Verónica Méndez Office Coordinator
Anne Rodríguez Entrepreneur Services
Gabriel Rozman Tata Consultancy Services
Horacio Correge Banco Comercial
IDB
Raúl Mandía McDonald's - Arcos Dorados
Programa Emprender
Jean Shaw Sabre
Roberto Villamil Uruguay XXI
ENTREPRENEURS STAFF PARTNERS
UY
Endeavor Main OfficeMontevideo
> In 2009, the
annual revenue
of Endeavor
Entrepreneurs
represented 0.6%
of Uruguay’s
gross domestic
product.
Uruguay
Endeavor Impact Report 2009—2010
Financials
US$
70,867 14,060
1,130 86,057
6,681
92,737
34,965 34,965
(2,438) 51,354 8,857
57,773
92,737
316,807 161,505
478,312
109,358 25,171
43,640 41,741
63,538 149,725
3,699 33,868
470,741
(1,285)
18,857
(December 31, 2009 )
STATEMENT OF FINANCIAL POSITION
ASSETS
Current Assets Cash & Cash Equivalents Accounts Receivable Other AssetsTotal Current Assets
Fixed Assets
Total Assets
LIABILITIES & NET BOOK WORTH
Other PayablesTotal Liabilities
Net worth adjustments (conversions) Net Worth at the Beginning of the Year Net Income
Net Worth
Total Liabilities & Net Book Worth
STATEMENT OF INCOME & EXPENSES
REVENUES
Contributions Event Income
Total Revenues
EXPENSES
Events Search & Selection Promesas International Programs Entrepreneur Services Administrative Expenses Depreciation Expense Marketing Expenses
Total Expenses
Financial Expenses (income)
NET INCOME
A complete set of the audited financial statements by Deloitte & Touche for the fiscal year ending December 31, 2009 can be obtained by sending a written request to: Endeavor Uruguay, Rincón 518 entrepiso, Montevideo 11.000, Uruguay
“While Uruguay is a small country, Endeavor's impact has been huge. Over 10 years, our entrepreneurs have created revenues of 600 million dollars, possibly the largest impact any non-commercial organization has achieved. Wait for the results in the next 10 years!”
Gabriel Rozman
TATA Consultancy Services
Executive Vice-President
Endeavor Uruguay Board Chairman
56 Network & Financials
Linda Rottenberg Co-Founder & CEO
Lawrence Brooks VP, Finance & Administration
David Geary SVP, Entrepreneur Services, Partners & Networks
Carlos Pessoa VP, Affiliate Services
David Wachtel SVP, Marketing, Communications& Research
Canem Arkan Entrepreneur & Partner Services
Ali Ayala Administration
Elmira Bayrasli Policy & Outreach
Justin Belmont Marketing & Outreach
Allison Berliner Search & Selection
Katherine Bleich Executive Assistant to the CEO
Gerardo Cervantes Affiliate Services
Frankie Dillard Personal Assistant to the CEO
Quinn Fitzgerald Entrepreneur & Partner Services
Jean-Claude Homawoo Entrepreneur & Partner Services
Diana Gomez International Expansion
Katie Gordon Entrepreneur & Partner Services
Joanna Harries International Expansion
Soribel Holguin de Valverde Former Executive Assistant to the CEO
STAFF
Endeavor Global OfficesSan FranciscoNew York
“Endeavor is one network globally and comprised of the brightest minds and richest human capital.”
Peter Kellner
Richmond Management
Founder & Managing Partner
Endeavor Co-founder
Endeavor Global Board Member
Global
Endeavor Impact Report 2009—2010
PARTNERS
Financials
US$
9,495,007 3,625
96,051 1,462,246
117,205 257,965
11,432,099
184,197 216,694 49,940
450,831
9,539,272 1,416,996
25,000
10,981,268
11,432,099
(December 31, 2009 )
STATEMENT OF FINANCIAL POSITION
ASSETS
Cash and cash equivalents Investments Contributions receivable Grants receivable Prepaid expenses & other assets Fixed assets, net
Total Assets
LIABILITIES AND NET ASSETS
LiabilitiesAccounts payable and other accrued liabilities Due to affiliated entities Deferred rent & capital lease obligationsTotal Liabilities
Net AssetsUnrestricted Temporarily restricted Permanently restricted
Total Net Assets
Total Liabilities & Net Assets
Citigroup
Dell
Ernst & Young
Inter-American Development Bank / The Multilateral Investment Fund (IDB/MIF)
Michael & Susan Dell Foundation
Omidyar Network
SAP
Salesforce.com
Cindy Ko International Expansion
Maggie Krummel Search & Selection
Yuting Bev Lien Search & Selection
Joel Montgomery International Expansion
Ethan Montoya Search & Selection
Rhett Morris Center for High-Impact Entrepreneurship (C-HIE)
Peter Olivier Search & Selection
Yamile Nesrala Entrepreneur & Partner Services
Rebecca Plofker Marketing & Development
Allen Taylor Global Networks
Alexandre Thome Affiliate Services
Daniela Terminel Entrepreneur & Partner Services
Shaun Young Center for High-Impact Entrepreneurship (C-HIE)
2,776,165 3,321,742
101 61,135
153,148 0
6,312,291
841,238 481,460 831,809 321,239
854,205 198,281 661,141
604,796 4,794,169
345,351 639,262
5,778,782
533,509 10,447,759
10,981,268
560,000
(1,012,945)
(452,945)
0
0
(452,945) 1,869,941
1,416,996
0
0
0
0 25,000
25,000
2,776,165 2,761,742
101 61,135
153,148 1,012,945
6,765,236
841,238 481,460 831,809 321,239
854,205 198,281 661,141
604,796 4,794,169
345,351 639,262
5,778,782
986,454 8,552,818
9,539,272
COMBINED STATEMENT OF ACTIVITIES
REVENUES
Contributions Grants (net discounts) Net realized gain (loss) on investments Interest & other income In-kind revenue Net assets released from restriction
Total Revenues
EXPENSES
Search & Selection eMBA Entrepreneur Services EndeavorNet Affiliate Operations Center for High Impact Entrepreneurship New Country Expansion Philanthropic Networks Total program expenses
Management and general Fundraising and development
Total Expenses
Change in net assets Net assets, beginning of year
NET ASSETS, END OF YEAR
Unrestricted Temporarily Restricted
Permenantly Restricted
Total
A complete set of the audited financial statements by McGladrey and Pullen for the fiscal year ending December 31, 2009 can be obtained by sending a written request to Endeavor Global, Inc. at 900 Broadway suite 301, New York, New York 10003, USA
58 Contributors & Board
“One of the greatest challenges entrepreneurs face is the fear of failure. The key to overcoming it is recognizing that every experience brings with it an opportunity to learn.”
Pierre Omidyar
eBay, Founder & Chairman
Omidyar Network, Founding Partner
CONTRIBUTORS' &'BOARD.
60 Contributors & Board
AVINAClarissa & Edgar Bronfman, Jr.Fundação Brava IncInter-American Development BankInternational Finance Corporation (IFC)Peter KellnerMichael & Susan Dell FoundationOmidyar Network
Banco SantanderBeim, Nicholas F.Citi FoundationCline, Michael J.Elsztain, EduardoErnst & YoungFribourg, PaulKellner, George & BickyKlein, Beth and MichaelMai, Anne & VincentSawiris, NaguibSEBRAESebrae São PauloSecretaría de Economía (Mexico)Seelig, ChipSlim, Tony & CarlosStaton, WoodsZambrano, Lorenzo
1,000,000 + 500,000 + 250,000 +
1997—2010
Koç, AliLee Thomas H. & Ann TenebaumLehman BrothersLemann, Jorge PauloMicrosoft CorporationMorgan StanleyNahas, FadiNarvaez, Francisco DeNews CorporationOdebrecht S.A.Oppenheimer, Jennifer & JonathanÖzyeğin, MuratPacheco, EduardoProteus Soluções em Segurança da Informação S/ASabancı Dinçer, SuzanSaid, SalvadorSaieh, AlvaroSanto Domingo, AlejandroSAPSimpson Thacher & BartlettSwette, BrianTahincioğlu, Özcanvon Appen, Sven
Ackman, William A.AFP HABITATAnn L. Bronfman FoundationAspe, PedroAzcárraga Jean, EmilioBabaoğlu, Mehmet AliBanco ABN AMRO Real S.A.Banco Itau BBA S.A.Blavatnik, LenCababie, EliasCasares, WencesCetus InvestimentosCitiCorporación Andina de Fomento (CAF)Cueto, Enriquedel Río, José LuisDell ComputerDiller, BarryDoğan Sabanci, VuslatDouer, AlbertDraper, Melissa & TimothyEchavarría, AndresGoldman, Sachs & Co.Gore, AdrianHitay, Emin
$1 Analysis based on Total Endeavor WW budget in 2009 ($12.2), incremental revenue growth of Endeavor Entrepreneurs in 2009 ($480M), and total EE revenues of $3.5Bn.
$1=$286EVERY $1 DONATED TO ENDEAVOR IN 2009 HELPED SUPPORT ENDEAVOR
ENTREPRENEURS TO GENERATE $286 IN REVENUES
High-Impact Donors
Endeavor Impact Report 2009—2010
“Endeavor has done a really great job in identifying entrepreneurs around the world, who have great ideas but maybe don’t have all the access to the opportunities to make them happen.”
Michael Dell
Dell
Chairman & CEO
Ackman, William A.
Adrian Gore Discovery Holdings
Al-Husry, Ali
Ann L. Bronfman Foundation
Arab African International Bank
Banco Itau BBA S.A.
Banco Pactual
Bassily, Elijah
BID Programa Emprender
Construtora Norberto
CORFO Chilean Economic Development Agency
50,000 +
Credit Suisse Argentina S.R.L
CSC Holdings, Inc.
Cueto, Enrique
DBM do Brasil Ltda
Darwazah, Said
del Río, José Luis
Diller, Barry IAC InterActive Corp Diller-Von Furstenberg Family Foundation
Doğan Sabancı, Vuslat Hürriyet
El-Nazer, Hythem
Eduardo Elsztain Fundación IRSA
Errázuriz Grez, Jorge
Fleury S.A.
Fribourg, Paul
Ghandour, Fadi
Goldman, Sachs & Co.
Harbin Participações
Hitay, Emin Hitay Yatırım Holding A.Ş.
Jennifer Oppenheimer Oppenheimer & Sons
Klein, Beth & Michael
Koç, Ali KOÇ Holding
Luksic, Jean Paul
Mansour, Tarek
Nahas, Fadi Naplus
Odebrecht S.A.
Özyeğin, Murat Fiba Holding
Sabancı Dinçer, Suzan Akbank
Said, Salvador
Saieh, Soledad
Santa Lucia Adm. De bens e Participações Ltda
Schiess, Christoph
Seelig, Chip Robin Brown and Charles Seelig Foundation
Simpson Thacher & Bartlett
Tahincioğlu, Özcan Tahincioğlu Holding
von Appen, Sven
100,000 +
ABDI
AFP Habitat
Emilio Azcárraga Jean Televisa
Banco ABN AMRO Real S.A.
Banco Santander
Beim, Nicholas F.
Bronfman, Clarissa & Edgar Jr.
Cetus Investimentos
Citibank
Construtora Norberto
Dell Computer
Draper, Melissa & Timothy The Draper Foundation
Enterprise Development Activities
Ernst & Young
Instituto Semeia
Inter-American Development Bank The Multilateral Investment Fund (IDB / MIF)
Jonathan M. Nelson Family Foundation
Kellner, Peter
Mai, Vincent AEA Investors
Michael & Susan Dell Foundation
Omidyar Network
Passos, Pedro
Proteus Soluções em Segurança da Informação S/A
Rees, Joanna & John Hamm
Saban Family Foundation
Sawiris, Naguib
SEBRAE
Swette, Brian Swette Family Foundation
Donors 2009
62 Contributors & Board
Migoya Martín, Englebienne Guibert, Umaran Martín & Nocetti Nestor Globant
Mnuchin, Alan AGM Partners LLC
Moré, Álvaro Young & Rubicam
Morgan Stanley
MV Informatica Nordeste
Natura
News Corporation
Nextel
Nokia do Brasil Tecnologia Ltda
Open Society Institute
Operadora de Servicio Mega SA de CV SOFOM ENR
Özdemir, Ebru Limak Holding
Pacheco, Eduardo Mercantil Colpatria Salud Colpatria Mineros SA
Pfeffer, Ariel Trillonario
Pi Works
Poit Energia Ltda
Polo Ralph Lauren
Prática Produtos Ltda
PriceWaterhouseCoopers
Programa Emprender/BID
ProsperAr
Robbins, Amy Nduna Foundation
Rozman, GabrielTata Consultancy Services
Ryan, Kevin
Saguier, Luis La Nación
Salem Foundation
Sales Sarrapy, Carlos
Santo Domingo, Alejandro Caracol TV, Invernac, Valorem
SAP
Say, Mustafa Access Turkey
Shaw, Jean Sabre
Sollos Assessoria
Staton, Woods Mc Donalds
Stringer, Sir Howard Sony Corporation of America
Szekasy, Nicolás
Tecno Logys Sistemas para Construção Ltda
Tecnoblu Ind. Com. Imp. Exp. Ltda
Totvs SA
Triple A Artes Gráficas
Universal City Studios
Univision Mgmt Company
Ünlü, Mahmut StandardUnlu
Vialux
Vieira, Rezende, Barbosa e Guerreiro Advogados
Visa (Credibanco Colombia)
W.Torre
Warner Bros.
Weil, Gotshal & Manages LLP
Zennstrom, Niklas
Ache, María Noel & Cella, Federico AIVA
Ariel Aisiks GEO Capital Holdings
Alice & Thomas Tisch Foundation
Banco de Investimentos
Banco Modal SA
Barbosa, Fabio Banco Santander
Barry, Nicolás Gemelo Storage Solutions
Beleza Natural
Berchesi, Juan Isbel
Best Buy Co, Inc.
Bichara, Khaled
Black, Leon
Bolsa de Valores de Colombia
Bresnan Communications
Brown, Matthew
BS Construtora
Cappello, Juan Pablo
Carlos Fernandez
Carmona, Rolando Drillco Tools
Casares, Wences
Çelebi, Bülent Airties
Celia, Antonio Fundacion Promigas
Cerisola, AndrésFerrerre
Cisco
Citi
Cline, Michael J.
Comerciliazadora Eloro SA
Conservas La Costeña SA de CV
Correge, Horacio Banco Comercial
Creamer, Glenn & Mary Jane
Crivo Sistemas em Informática S/C Ltda
Dell, Adam
Diagnostika
Doc Solutions de Mexico SA de CV
Douer, Albert Ajover
Echavarría, Andres Sodimac Colombia Org. Corona SA
Elseviere editora ltda
Embratel
European Journalism Centre
Ewing Marion Kauffman Foundation
10,000 +
Finvarb, Salomon Empacor SA
First National Bank (FNB)
Founder Collective LP
Freire, Andrés Axialent
Friis, Janus
Fundacion Bavaria
Fundacion Bepensa AC
Fundacion Universidad de las Americas de Puebla
Galperín, Marcos & Hernán Kazah Mercado Libre
Gorodisch, Alejandro
GP Investimentos S.A.
Graber, Peter
Green, Jason
Grubman Indursky, P.C.
Gutiérrez, José Ramón
Hall, Taddy
Herrmann Telles, Marcel
Imagen Dental
Integration Consultoria Empresarial Ltda
Intendencia de Comodoro Rivadavia (Provincia de Chubut)
Iris Dempsey First National Bank
Ixe Banco SA Institucion de Banca Multiple Ixe Grupo Financiero
John A. Griffin Foundation
JP Morgan
Keçeci Aşur, Işık Aragon Capital
Kellner, George & Bicky
Klibra Agenciamento de Marcas e Negócios S/C Ltda
Larissa Empreendimentos Imobiliários Ltda.
Lee Thomas H. & Ann Tenebaum
Lemann, Jorge Paulo
Levin, John Levin Capital Strategies, LP
Loews Foundation
Lojas Renner
Lorentzen, Haakon
Mandía, Raúl - Méndez, Ricardo McDonald's - Arcos Dorados
Marc Haas Foundation
Mastermaq Informática Ltda.
Mckinsey & Company, Inc.
Mermer, Emre Dukkan Istanbul
Donors 2009
Endeavor Impact Report 2009—2010
1,000 +
Acento Mexicano
Açıkalın, FaikYapı Kredi Bankası
Advent Do Brasil
Afra, Sina Markafoni
Ak, Vural Intercity Ekim Turizm
Akarlılar, Ersin Mavi Jeans, Inc.
Akçakayalıoğlu, Zeynep Royal Yönetim Danışmanlığı
Akçaoğlu, Serra Citigroup
Akgerman, Bülent AKG Yatılım
Aksoy, Banu Turcas Petrol
Alemdar, Ziya ProAd Media Solutions
Alibio
All
Allis S/A
Amram, Leon Artemis Gıda
Ananías, Alvaro & Dibán, Gustavo Genesys
Andrioli, Darío Carle & Andrioli
Angelus Indústria de Produtos Odontológicos S/A
ANII
APPI
Aramburuzabala Larregui, Maria Asuncion
Aravena, Manuel & Salas,Juan Pablo Ascon
Araya Rivas, Mario Kibernum
Arccanto Consultoria
Arıkoğlu, Damar Turbomach Endüstriyel Gaz Türbinleri
Arıoğlu, Başar Yapı Merkezi
Armagan, Mehmet Arca Tekstil
Arroz con Leche
Aspen Grove Foundation
Atakaş, Gökçe Atakaş Dış Ticaret
Atay, Mehmet Atay Holding
Augusto, Fernando
Awad, Jorge
Ayaydın, Yalçın Ayaydın-Miroglio Group
Aytekin, Haluk G Tech
Aytemiz, Hilal Aytemizler Şirketler Grubu
Azevedo, Rodrigo
B2U Editora
Babaoğlu, Mehmet Ali Füsun Tasarım ve Pazarlama
Baez, Victor Eduardo
Balbo, Susana Dominio del Plata
Banco Santander Rio
Banco Sofisa
Bancoldex SA
Bancolombia SA
Barclay, Kathleen
Barra, Mario Vates
Barton, Greg & Applewhite, Jay Business News Americas
Bartunek, Florian
Barut, Nezih Abdi İbrahim İlaç San. Ve Tic. A.Ş.
Başaran-Symes, Cansen PriceWaterhouseCoopers Turkey
Bassi, German Pugliese
Bato Amigo
Bayar, Selin Pekin & Bayar Law Firm
Bayar, Uğur Credit Suisse Securities
Baydar, Cem IMS
Beathyate, Javier Magma
Becerra, Jorge
Bedoya, Claudio BioScience
Bencorp S.A.
Bener, Erim Bener Law Firm
Bernardini, Carlo Bernardini Organizasyon
Bethlem, Mario
Bianchi, André
Bierly, Christopher
Bilgi Zapparoli, Elif EFG Istanbul Securities
Binark, Murat A. Garanti Koza
BodyTech
Bom Appetite de Cuernavaca SA de CV
Borges, Alexandre
Boronig, Erwin
Bórquez, Víctor Max Service
Boyacıgiller, Ziya Sabancı Üniversitesi
Bratz, Valmor Adek
Brause, Virginia Jiménez de Aréchaga, Viana & Brause
Brenner, Pablo Prosperitas Capital Partner
Büchi, Marcos
Cabi Inver SA de CV
Çakmak, Mesut Çakmak Law Firm
Cammarota, Fernando CEPA
Cantera, Julio Assist Learning Team
Carey, Guillermo
Cariola, María Gracia
Carriquiry, Daniel Costa Oriental
Casulo, Cecilia & Villalba, Adolfo Montreal
Çavusoğlu, Bülent KVK
CBL Companhia
Çelebi, Bülent Airties
Cenedella, Marc TheLadders.Com, Inc.
Centro de Inter Servicios SA de CV
CGS Engenharia
Chepiga, Michael
Chilim Balam SA de CV
Cid, Pablo Gonzalez Café Punto Del Cielo
Cılız, Kemal Infonet Bilgi Teknolojileri
Citi
Cizreli, Gamze Big Chefs Cafe-Brasserie
Cmos Drake Do Nordeste
Cohen, Michel Lolita
Çolakoğlu, Haydar TEB Mali Yatirimlar
Coleman, Mark
Colla, Gabriel Infocorp
COMPSIS Ind. e Com. Ltda
Comunique-se
Correa, Carmen AVINA
Cortés, Christian Corbac
Coşkunoğlu Nazlıaka, Aylin Human Resources Management
Costa, Edivan
Crespi, Gonzalo Bauen Arquitectura
Cybertécnica
Daccarett, Daniel Producto Protegido
Dávila, Gabriela
de la Barra, Jaime
de las Carreras, Fernando Nervous Water
De Lima, José Antonio
Decagon Devices
Deldağ, Can Carlyle Mena Investment Advisors LLC İrtibat Bürosu
Delta Construções
Deniz, Türkmen Teknort
Dereli, Zeynep Drum
Diaz Hermelo, Horacio Nueva Central Argentino
Dinçbaş, Osman Ernst & Young Türkiye
Diniz, Ana María
Diwan
DMHR
Domínguez, Álvaro Top Systems
Donoso, Javier Geomar
Dördüncü, Ahmet Hacı Ömer Sabancı Holding
Duran, Vanesa
Ecoflora
Educacion Superior Celaya AC
Edwards del Río, Agustín
Egeli, Tan Egeli & Co
Ejder, Bülent KPMG
Elden, Serkan Pinebridge Investments (Turkey) Istanbul Liaison Office
Elenter, Ernesto & Garfinkel, Diego & Schaich, Fernando SEG Ingeniería
Elenter, Pablo & Lijtenstein,
64 Contributors & Board
Ariel & Oberlander, Sergio Robtec
Elgiz, Ayda Giz İnşaat Yatırım
Eren, Ahmet Eren Holding
Eren, T. Ufuk Siemens
Erkut, Erhan Özyeğin University
Escola 24 Horas
Espinosa, Daniel Grupo Empresarial Espinosa SA de CV
Esquiera, Alicia Secom
Eugenio, Arnold
Evans, Alexander D.
Evliyagil, Sarp Ajanstürk
Eyzaguirre, Cristián
Farca, Ezequiel
Farmacia Telefonica SA de CV
Fernández, Gabriel & Olivera, Leonardo Laboratorios Clausen
Fienkelstajn, Jorge Tensocable
Figueiredo, Andre
Fincomun Servicios Financieros Comunitarios SA de CV
Flybridge Capital Partners
Fomento Economico de Chiapas AC
Francesca Romana Diana
Frasca, Gonzalo & Battegazzore, Sofía Powerful Robot Games
Fuks, Patricio & Frenkel Alejandro Grupo Fën
G2 Consultores
Gandur, Cemil Lotus Shipping Agencies
Garfinkel, Pablo Cines Hoyts
Gencer, Hasip UNO (Unmas Unlu Mamüller)
Gençler, Gürkan Beyaz Filo Oto Kiralama
George Wasserman Family Foundation
Gerez, Jorge MP Medicina Personalizada
Ginsberg, David
Giovanini, Renato
Gobierno de la Ciudad de Buenos Aires
Göğüş, Çağlar Peppers & Rogers
Göktan, Kerem Su Private Equity Management
Goldemberg, Arnaldo
Gomez, Diana MEMO
Goóc
Grekin, Max SKM Seaprende
Gross, Francisco Seinco
Grupo Cherto
Grupo Ibmec
Grupo Marti SAB
Güçlü, Ayşe Egon Zehnder International
Gümüştekin, Tulu Corporate & Public Strategy Advisory Group (CPS)
Gürel, Noyan Sunel
Güven, Görkem Hittite Microwave Corp. Türkiye
Habib, Cavit ISS Tesis Yönetim Hizmetleri
Halm, Alfredo Quanam
Hamermesh, Richard
Hantel
Haşemoğlu, Barış Haşemoğlu İnşaat
Hobson, Mellody Ariel Investments, LLC
Homriş, Onurhan MV Holding
Hurtado, Felipe & Swett, Juan Pablo Trabajando.com
İl, İlhan Tepe Emlak Yatırım
Impuestum Contadores SA de CV
Intelego Corporativa SA de CV
Intervir Tecnologia
Jansen, Flávio Benício
Jaras, Isabella & Patricio Nutra Bien
Jodal, Nicolás Artech
Jorge, Vidal Semm
Karaağaç, Alp Bilfar Holding
Karabey, Erem Polikim Polimer Ve Kimya Sanayi
Karabeyoğlu, Kayrıl Advent International
Karaçam, Burhan Burhan Karaçam Partnership
Karamancı, Eda Karamancı Holding
Karamancı, Fatih Karamancı Holding
Kimberlit
Koç, Mustafa V. Koç Holding
Koçer, İlker Oracle Turkey
Köksal Alçıcı, Ebru Galatasaray Sportif
Kolbaşı, Murat Arzum Elektrikli Ev Aletleri
Korn Ferry Internacional SA de CV
Kotan, Kerim Pragma Corporate Finance
KPX Serviços e Participações Limitadas
Küçükel, Nüket Güven Hastanesi
Kumova, Altunç Destek Finans Faktoring
Kurdoğlu, Korhan ATA Holding
L' Atelier Du Chocolat SA de CV
Lacerda Guimaraes, Dorian
Lan Designers
Landi, Rafael Luis
LapDesk
Larosa, Alejandro FYO
Latin Idea Advisors LLC
Latitude Gestao e Finanças
Lazam
Lecaros, Juan Francisco
Leonali S de RL de CV
Leonard & Evelyn Lauder Foundation
Levi Coşkun, İzel Mazars Denge SMMM Hizmetleri A.Ş.
Lieberman, Roni Memory
Lightcom SA de CV
Lingham, Vinny Yola
Lisim Mexico S de RL de CV
Litmanovich, Mario Drogueria 20 de Junio
Llobet, Eduardo Berkley Internacional Seguros
Loehnert, Roberto
Loizeau, Tito Promored
López, Sergio Proactiveoffice
Manzini, Livio Bell Holding
Máquina da Notícia S/C Ltda
Mascarenhas, Rodrigo
MBA Empresarial
McIntire, John C.
McPherson, Julie & Valdés, Felipe Tiaxa
Meetic
Mendes Carvalho, João
Mendez, Martín Neoris
Mextra Engenharia Ltda
Meyer, Ronald
Meynial, Patrick
Milburn, Pablo Urunet (The Datamyne)
Milliman Do Brasil
Mimaroğlu, Emre Credit Suisse
MJM PEP Management Services, Inc
Miynarz, Geraldine & Sandino, Ana María Diagnotec
Montes de Oca, Rodolfo & Miranda Patricio Zott Producciones
Morin Assessoria Empresarial
Morin, Patrick
Movile
Mueller, Gary
Multieco Tecnologia
Musalem, José Miguel
MV Informatica Nordeste Ltda
Natalie Killassy Stitch Wise
Naturalia
Nazar, Gabriel Cardón Cosas Nuestras
Nazer, Jorge ALTO
Nefrocare Administradora de Hospitais e Clínicas
Nicora, Luciano Viramonte & Nicora
Novoa, Eduardo
Olcay, Turgay Dek-Art İnşaat
Ollin Studio
1,000 + continued
Donors 2009
Endeavor Impact Report 2009—2010
O'Neill, Patricia Metropolitan Life
Óptima Energía
Orakçıoğlu, Süleyman Nazif Orka Tekstil
O-Think Soluções Empresariais
Özkan, Mehtap Mae Golden Horn Ventures
Özkök, Münir Midas Hediyelik Eşya
Öztiryaki, Atakan Öztiryakiler Madeni Eşya
Pabisan SA de CV
Pacheco, Jorge Oxxean
Pacific Investimientos
Paccot, Olivier & Yorston, Michael Woodtech
Paker, Can Bilgi Odaklı Yönetim Hizmetleri
Pekuysal, Ayşe Rengin Varan Turizm Seyahat
People Domus
Perez, José Fernando
Perkins Cole
Perlman, Marco José
Piacentini, Diego
Pigatto Transporte Super Expresso
Pinto Duarte, Marcelo
Pipeway Engenharia Ltda
Pixel Software Ltda.
Poit, Wilson
Polakof, Raúl Scanntech
Pozitron
PPR Profissionais de Publicidade Reunidos Ltda
Procesa Chiapas
Promotora de Proyectos SA
Propay Brasil Ltda
Pugliese Advogados
Pugliese, Germán & Santos, Miguel Technisys
Quang Nghia, Thai
Quarksoft SA de CV
Rabat, Juan Carlos Fues 21
Ramos, Donato
Rava Esportes e Entretenimento Ltda
Refinancia
Reginato, André
República AFAP
Riba, Lidia Maria & Vergara, Trinidad V&R Editoras
RHS Franchising
Richardson, Julie
RLG Corretora de Seguros
Rocca, Marilia
Rohde, Christine & Douglas
Rosen, Jeffrey
Rosenblatt, Andrés Metrópolis Films
Rosental, Miguel Rosental Management Group
Rouillon, Adolfo Congelados del Sur
Rovner, Abishai Bercia
Rubinstein, José & Steiner, Daniel Districomp
Sabormex SA de CV
Sabre
Safadi, Samir & Cibils, JulieLangland Language Institute
Sağışman, Tahsin Rabobank International Turkey Istanbul Representative Office
Saieh, Alvaro
Sampedro Miguel ex Patagonia Natural Products
Sanchez Sarmiento, Sebastián
Sarıoğlu, Berna Teknomak Makina
Saul, Alp Pronet Güvenlik Hizmetleri
Scannavino, Fabio
Schickendantz, Sebastián; Cabanelas, Manuel & Lozano, Álvaro Statum
Schimmel, Gabriel Medea
Schwartz Family Foundation
SEAF Colombia
Segal, Susan
Şengör, M. Cem Step Halılıcık
Sentient Flight Group
Serna, Jorge Conrad
Servicios Administrativos Mexis SA de CV
Servicios Axo SA de CV
Shiang, Willian
Silva, Yuhber Ta-Ta
Simbaqueba, Lilian LISIM
Solans, Roberto Hoteles Solans
Sönmezer, Tanyer Management Centre Türkiye
Sotomayor, Raúl
Soyak, Erkut Soyak Holding
Sportium
Stemerman, David
Stillings, Jim
Stoneman Family Foundation
Suarez Battan, Mariano & Jutard Patricio Three Melons
Subway Link
Suminter
Super Bac Proteção Ambiental Ltda
Taha, Shwan Melak Yatırım
Talent Propaganda
Talento Ejecutivo de Oriente SA de CV
Taracena, Heberto Metros Cubicos SA de CV
Taviloğlu, Mustafa Mudo
TCS Solution Center
Tech4B
Tecnica
Tecsis Tecnologia e Sistemas Avançados Ltda
Templeton
Tequila Milagro
TFGC Mexico SA de CV
The Boston Consulting Group of Mexico SA de CV
Thai, Natalina Maria
The Good Night Foundation
Thomas J. Gahan Family Foundation
Topçuoğlu, M.Cem TBWA Istanbul
Toptel S de RL de CV
Tred Foods
Trueh Consultoria
Ugarte, José Manuel
Uğur, Agah Borusan Holding
Ulusoy, Alican Ulusoy Uluslararası Yatırım Holding
Umbria Participações S.A
Unicar Plastico SA de CV
Universidad Católica
Ünsal, Osman Esas Holding
Varela, Enrique Nestlé del Uruguay S.A.
Varese, Daniel Citi
Varsavsky, Martín
Vaz Rodrigues, Mauricio
Veirano Advogados
Vella Buosi Advogados
Veuve Clicquot
Vidrios Marte SA de CV
Vitrogen
Voltes, Damián
von Baer, Karina Oleotop
Wener Wolf, Luiz Roberto
Werlang, Sérgio
Wolf, Esteban Progen
Yalçın, Neşet Yaltem Temsilcilik Savunma Araçları Temin A.Ş.
Yamamura, Dan
Yenigün, Aygen Agm Stratejik Çözümler A.Ş.
Yilmaz, Ilhan Galatasaray Üniversitesi
Young And Rubicams S de RL de CV
Yurdum, Aydın AVM MFI Partners
Yürekli Şengör, Ayşegül Yürekli Eğitim Ve Danışmanlık
Zorzato, Fatima
Zubillaga, Alejandro
Donors In-Kind
66 Contributors & Board
2009
602 Marketing
Alfaro, Marisol L Atelier du chocolar
Asociación Civil de Estudio Superiores Parque Austral
Bahçeşehir University
Bilinkis, Santiago Officenet
Bodega Chandon
Boisier, Michelle & Rodrigo Araucanía Yarns
Bórquez, Víctor Max Service
Brause, Virginia Jiménez de Aréchaga, Viana & Brause
Braver
Caviglia, Marian De la cocina
Citricox
Daccarett, Daniel Producto Protegido
De Luca, Roberto Deloitte
Deloitte
Deloitte (Egypt)
Donoso, Javier Geomar
DRAFTFCB
El Cronista Comercial Revista Apertura
Enrique Riso AUDICO
Espinosa, Daniel Daniel Espinosa Estudio Mol
eTV
Ernst & YoungGroupo ABCOrganizações GloboWarner Music Group Argentina VentureCorpsBrazil VentureCorpsChile VentureCorps Colombia VentureCorpsEgypt VentureCorpsJordan VentureCorpsMexico VentureCorpsSouth Africa VentureCorpsTurkey VentureCorpsUruguay VentureCorps
Goulston & StorrsSalesforce.com
Aetheros
Aximaz Branding
Bolsa de Comercio de Buenos Aires
Canal 10
Cisco
Cohn, Steven; Contenla, Italo & Lipthay, Nicolás KITCORP
Doğan Sabancı, Vuslat Hürriyet
First National Bank
Frost
Limo Inc
Lopez Silva, Claudio Asignet
Montes de Oca, Rodolfo & Miranda Patricio Zott Producciones
Özdemir, Ebru Limak Holding
Platin Dergisi
Schneeweiss, Daniel & Guindi, Moises Tequilara Milagro
Fuks, Patricio & Frenkel Alejandro Grupo Fen
Gaidos, Leonardo CINUR
Gana, Alberto & Howard, Felipe Latitud90
Garfinkel, Pablo Cines Hoyts
González Cid, Pablo Café Punta del Cielo
The Gordon Institute Of Business Science
Gringaus, Ariel & Barros, José Manuel Colegium
Herrera, Nicolás Guyer & Regules
Helicopter, LLC
HIREF
Infoxel
Işik University
Jaras, Isabella & Patricio Nutra Bien
Jordan, Rodrigo Vertical
Koç University
Koç, Ali Koç Holding
Kolay İletişim
La Grutta, Miguel Angel Untracongelados
Lamé, Álvaro Netgate
López, Sergio Intelliholding
1,000 +
10,000 +
100,000 +
50,000 +
Luay Abu-GhazalehTalal Abu-Ghazaleh Information Technology
Maturana, Fernanda & Pablo Bolsas Reutizables
Middle East Technical University (ODTU)
Modelos Digitales
More, Álvaro Young & Rubicam Uruguay
Oropeza, Guillermo & Gabriel Doc Solutions
Otokoç Otomotiv Budget Türkiye
Özyeğin University
Özyeğin, Murat Fiba Holding
Peñaloza, Paulina & Manieu, Roberto Chileangourmet
PRIMEDIA
Radio Mitre Provincia de Córdoba
Radio Montecarlo
Rodríguez Larreta, Julia El País
Rovner, Abishai & Grekin, Max SKMseaprende
Sabanci University
Sa'd Abujaber & Sons Co. Ltd.
Salas Martinez, Marcelo & Salas Martinez, Muaro Café Martinez
Secretaría de Cultura Gobierno de la provincia de Córdoba
Swett, Juan Pablo & Hurtado, Felipe trabajando.com
The Boston Consulting Group
Torreiter, Erik Colaboración Virtual
Tahincioğlu, Özcan Tahincioğlu Holding
The Boston Consulting Group
Topçuoğlu, Cem TBWA Istanbul
VSP Capital
Endeavor Impact Report 2009—2010
“An effective mentorship can save the entrepreneurs a few mistakes and help them take bold decisions that they might not consider on their own. As a mentor, I am also inspired by the entrepreneurs' continuous innovation and fresh thinking.”
Ariel Aisiks GEO Capital Holdings CEO & Founder
Sunny Bates Sunny Bates Associates President & CEO
Jorge Becerra Boston Consulting Group Senior VP & Managing Director
Gina Bianchini Andreesen Horowitz Entrepreneur in Residence Ning Co-founder
Juan Pablo Cappello Greenberg Traurig Chair Latin American Practice
Marcelo Cherto Grupo Cherto Founder & CEO
Erik Dithmer Dell Vice President & General Manager, Small & Medium Business, Americas
Greg Erickson Ernst & Young Global Vice-chair, Strategic Growth Markets
Taddy Hall Meteor Solutions Chief Operations Officer
Richard Hamermesh Harvard Business School Professor of Management Practice
Aly Jeddy McKinsey & Company Partner
John McIntire Nexstar Capital Partners Principal
Edward Misrahi Eton Park Capital Partner
Patrick Morin Morin Assesoria Empresarial Director
Gary Mueller Institutional Investor Chairman & CEO
Seval Oz Ozveren Cuil, Inc. VP, Finance & Business Development
Alan Patricof Greycroft Founder & Managing Director
Diego Piacentini Amazon.com Senior Vice President – International
Jeffrey Rosen Lazard Deputy Chairman
Alexis Rovzar White & Case Partner
Gabriel Rozman Tata Consultancy Services (TCS) Executive Vice President, Emerging Markets
Carlos Sales Sarrapy Cuasar Capital Managing Director
Susan Segal Americas Society & Council of the Americas President & CEO
Alejandro Zubillaga Rhone Group Senior Advisor
Global Advisory Board
Diego Piacentini
Amazon.com,
Senior Vice President – International
Endeavor Global Advisory
Board Member
68 Contributors & Board
Andy FreireEndeavor Argentina Chairman
Axialent Founder & President
Officenet Co-founder
Santiago BilinkisStaples Argentina Vice President
OfficeNet Co-founder
Juan ColladoCelulosaArgentina S.A Director
Grupo Tapebicua Founder
Silvia de Torres CarbonellCentro de Entrepreneurship del IAEDirector
Eduardo ElsztainIRSA Inversiones y Representaciones S.A. Chairman & CEO
Guibert Englebienne Globant Co-founder & CTO
Marcos GalperínMercado Libre Co-founder & CEO
Alejandro GorodischOmbú Investment Management CEO
Martín MigoyaGlobant Co-founder & CEO
Luciano NicoraVN Business Process Outsourcing Founder & CEO
Adolfo RouillionCongelados del Sur Co-founder & President
Luis SaguierLa Nación S.A Director
Nicolás SzekasyMercado Libre Ex-CFO
Esteban WolfProgen Founder & CEO
Carlos Alberto SicupiraEndeavor Brazil Chairman
AB-Inbev Board Member
Paulo Cezar AragãoBarbosa, Müssnich & AragãoPartner
Fábio Barbosa Banco Santander President
Peter GraberGraber Segurança Founder & Partner
Antonio Dias LeiteCetus Investimentos Partner
Jorge Paulo LemannAB-Inbev Board Member
Emilio OdebrechtOdebrecht Chairman
Pedro PassosNatura Co-Chairman
Wilson PoitPoit Energia, Founder & CEO
Marília RoccaMãe Terra Managing Partner
Paulo VerasImperdivel.com.br Co-Founder
Salvador SaidEndeavor Chile Chairman
Grupo Said Executive Director
Enrique CuetoLan Airlines Executive Vice President
Jorge Errázuriz GrezCelfin Capital Vice President
José Luis del RíoEmpresas Dersa - Falabella President
Jean Paul LuksicAntofagasta Minerals President
Soledad SaiehFundación CorpArtes Chile Board Member
Christoph SchiessTransoceánica Executive President
Sven von AppenUltragas President
Andrés EchavarríaEndeavor Colombia Chairman
Organización CoronaBoard Member
Antonio CeliaPromigas CEO
Albert Douer Ajover Vice President
Diana GómezMemo S.A. Co-chair of the Board
Guillermo HeinsHeins & Moller Ltda CEO
Eduardo PachecoColpatria President & CEO
Alejandro Santo DomingoQuadrant Capital Advisors, Inc., Managing Director
Ali Al-HusryEndeavor Jordan Chairman
Hikma Pharmaceuticals Director
Waddah BarkawiErnst & Young Partner
Said DarwazahHikma Pharmaceuticals CEO
Fadi GhandourAramex International Founder & CEO
Maher KaddouraAngel Investor & Management Consultant
Peter B. KellnerRichmond Management Founder & Managing Partner
Safwan MasriColumbia University Middle East Research Center (CUMERC) Director King’s Academy Chairman
Fawaz Zu’biAccelerator Technology Holdings Founder & CEO
Naguib SawirisEndeavor Egypt Chairman
Orascom Telecom Holding Executive Chairman
Hassan AbdallaArab African International Bank Vice Chairman & Managing Director
Elijah BassilyVirgitech Chairman & CEO
Khaled BicharaOrascom Telecom Holding CEO
Hythem El-NazerTA Associates Principal
Tarek MansourPricewaterhouse-Coopers (Egypt) Country Senior Partner & Advisory Services Leader
CHILEBRAZILARGENTINA COLOMBIA JORDANEGYPT
Country Boards of Directors
Endeavor Impact Report 2009—2010
Fares I. FaresEndeavor Lebanon Chairman
Wedge Alternatives Chairman & CEO
Charles El-HageBooz & Company Senior Partner (Retired)
Fadi Ghandour Aramex International Founder & CEO
Marwan KheireddineAl-Mawarid Bank Managing Director
Sami Khouri Teeba Holding CEO
Azmi MikatiM1 Group CEO
Emilio Azcárraga JeanEndeavor Mexico Chairman
Televisa Chairman & CEO
Pedro AspeProtego Asesores Chairman & CEO
Marcos Achar LevyComex CEO
Elías Cababie Daniel GICSA Chairman & CEO
Juan Ignacio Casanueva Grupo CP CEO
Miguel Ángel DávilaCinemex Founder
Carlos Fernández González Grupo Modelo Chairman & CEO
Eugenio GarzaXignux Chairman & CEO
Andrés GómezGrupo AXO Co-Chairman
Carlos Gómez Andonaegui Grupo Marti CEO
Guillermo González GuajardoTaller de EmpresaCEO
Adrian GoreEndeavor South Africa Chairman
Discovery Holdings Founder & CEO
Hlumelo Biko Circle Capital Ventures CEO
Polly Carr & Jennifer Oppenheimer Oppenheimer & Sons
Iris DempseyFirst National Bank CEO
David FrankelCollective LP Founder
Vincent MaiAEA Investors Inc. CEO
Ndaba NtselePamodzi Investment Holdings CEO
Beven NyatoroCircle Capital Ventures Partner
Isaac ShongweBarloworld Logistics (Pty) Ltd CEO
Christopher WhitfieldBatswadi CEO
Özcan TahincioğluEndeavor Turkey Chairman
Tahincioğlu Holding Chairman
Işık Keçeci AşurAragon Capital Managing Director & Board Member
Bülent Çelebi Airties CEO
Suzan Sabacı DinçerAkbank T.A.S. Chairwoman
Emin Hitay Hitay Yatırım Holding A.Ş. Chairman
Ali KoçKoç Holding AS President, Information Technologies
Emre MermerDükkan İstanbul CEO
Ebru ÖzdemirLimak Holding Board Member
Murat ÖzyeğinFiba Holding Board Member
Vuslat Doğan SabancıHürriyet CEO
Mustafa SayAccessTurkey Capital Group Board Member
Mahmut ÜnlüStandardUnlu CEO & Board Member
Gabriel RozmanEndeavor Uruguay Chairman
TATA Consultancy Services Executive Vice-President
María Noel AcheAIVA Director
Juan BerchesiIsbel Director
Virginia BrauseEstudio Jiménez de Arechaga Viana & Brause Partner
Pablo BrennerProsperitas Capital Partners Senior Partner
Andrés CerisolaEstudio Ferrere Partner
Gabriel CollaInfocorp Director
Carmen CorreaAvina Uruguayan Office Representative
Javier FigueroaLocomotion Director
Pablo GarfinkelCines Hoyts Director
Francisco GrossSeincoDirector
Álvaro MoréYoung & Rubicam Director
Ariel PfefferTrillonario CEO
Julia Rodriguez LarretaEl Pais Director
Bernardo Minkow McKinsey Former CEO
Rafael Posada Grupo Posada Chairman
Guillermo Romo Grupo Megalab Chairman & CEO
Alexis Rovzar White & Case Executive Partner
Carlos Sales SarrapyCuasar Capital CEO
Alberto Torrado Alsea Chairman & CEO
Lorenzo Zambrano Endeavor Mexico Founding Board Member
CEMEX Executive Director
TURKEYMEXICO S. AFRICA URUGUAYLEBANON
Endeavor Entrepreneur
70 Contributors & Board
Klaus Schwab
World Economic Forum
Founder & Executive Chairman
Edgar Bronfman, Jr. Warner Music Group Chairman & CEO Endeavor Global Chairman
Michael J. Ahearn First Solar Chairman
Emilio Azcárraga Jean Televisa Chairman & CEO
Matt Bannick Omidyar Network Managing Partner
Nick Beim Matrix Partners General Partner
Matt Brown CAIS Funds Managing Principal
Wences Casares Bling Nation Founder & CEO Endeavor Entrepreneur
Paul Fribourg Contigroup Companies, Inc. Chairman & CEO
Jason Green Emergence Capital Partners Founding General Partner
Reid Hoffman LinkedIn Co-founder & Executive Chairman Greylock Partners Partner
Peter Kellner Richmond Management Founder & Managing Partner Endeavor Co-founder
Joanna Rees VSP Capital Founder & Managing Partner
Linda Rottenberg Endeavor Co-founder & CEO
Charles B. Seelig Dune Capital Management Managing Director
Brian Swette Burger King Non-Executive Chairman eBay Former COO
James Wolfensohn Wolfensohn & Company Chairman Endeavor Board Member Emeritus
“Endeavor is leading the High-Impact Entrepreneurship movement.”
Global Board of Directors