1. HIGHIMPACT ENTREPRENEURSHIP Howafewentrepreneurswith exponen=alimpactarechanging theworld. ByFernandoFabre, PresidentEndeavorGlobal

2. Can high impact entrepreneurs change the world?65 million registered companies in the world.There are over If each company hired3 employees, we would solve the worlds current unemployment.Number of companies by average size# of Firms59m6m Micro (Avg 1.39 employees)200kSMEs (Avg 35 employees)Big (Avg 1,250 employees) 3. A country will grow only if its companies can grow.There are over If each company hired65 million registered companies in the world.3 employees, we would solve the worlds current unemployment. Number of companies by average size# of Firms59m99.7 percent of all companies in the world have on average less than 35 employees.6m Micro (Avg 1.39 employees)200kSMEs (Avg 35 employees)Big (Avg 1,250 employees) 4. Can high impact entrepreneurs change the world?There are over If each company hired65 million registered companies in the world.3 employees, we would solve the worlds current unemployment.# of Firms59m32% 13% Micro (Avg 1.39 employees)200 thousand entrepreneurs that became BIG have created most of the wealth and most of the formal jobs.55%6m200kSMEs (Avg 35 employees)Big (Avg 1,250 employees)% of Worlds RevenuesNumber of companies by average size 5. A country will grow only if its companies can grow. Between the US, Spain & Greece, can you guess which country has more registered companies? Micro companies per million people 73,216Large companies per million people 10354,607 7238 15,883USASPAINGREECEUSASPAINGREECE 6. ?The correlation between growth of firms and GDP: 7. ?The correlation between growth of firms and GDP: # of NEW large companies required to grow GDP by 1 percent% 47525 Greece102 SpainUSAHow can 25 entrepreneur ventures become large firms in the shortest amount of time? 8. The Dynamics of Silicon Valley. 9. Can high impact entrepreneurs change the world? 10. Can high impact entrepreneurs change the world?Mountain View CA: Pop = 6,500 in 1950. 11. Can high impact entrepreneurs change the world? 12. Can high impact entrepreneurs change the world? 13. Can high impact entrepreneurs change the world? 14. Can high impact entrepreneurs change the world? 15. Can high impact entrepreneurs change the world?SUCCESSFULENTREPRENEURS DONT MEASURE THE SIZE OF THEIR FIRM.THEY MEASURETHE SIZE OF THEIR INFLUENCE. 16. Is this exclusive to Silicon Valley?Weasked200BuenosAiresentrepreneurs: WhoINSPIREDyoutobecomeanentrepreneur? WhoINVESTEDinyourcompany? WhoMENTOREDyouasyoubuiltyourcompany? HaveyouFOUNDEDanyaddiJonalcompanies? 17. As of 1996 18. Can high impact entrepreneurs change the world? As of 1999 19. Can high impact entrepreneurs change the world? As of 2006 20. Can high impact entrepreneurs change the world? As of 2011 21. Can high impact entrepreneurs change the world?The top 3 entrepreneurs ultimately influenced >80% of the other firms in the network that generate close to 1% GDP.Note: Shade of orange in the chart above illustrates the degrees of separation from the top three firms: 1 = 75% shaded and 2 = 50% shaded. Top 3 are 100% orange. 22. Similar levels of entrepreneur connections in other cities Buenos Aires Tech NetworkAmman Tech NetworkIstanbul Tech Network 23. What is the motivation and traits of entrepreneurs that multiply?We surveyed 213 Endeavor Entrepreneurs to understand their motivations and traits.Argen=na38Brazil21 25Colombia17Egypt12GlobalA study by Endeavor and Bain:RESPONDEDChileEntrepreneur Profile Types.COUNTRY2Greece7Indonesia5Jordan14Lebanon8Mexico33SaudiArabia2SouthAfrica10Turkey10Uruguay9TOTAL:213 24. EEs share common original motivations.RANKINGOFMOTIVATIONSWHENEESFIRSTFOUNDEDORASSUMEDLEADERSHIPOFTHEIR ENDEAVOR-SELECTEDCOMPANYTop5original mo=va=onsQues=onformat:leY-handchart:MaxDi;right-handranking:respondentsselected4mo=va=ons(unranked);N=213 25. Four distinct types emerged when we compared motivations OriginalMo=va=ons* OVERALLTYPEATYPEBTYPECBuild a successful company Do what I love Create unique product customers will love Do something better Create something new Solveacustomerproblem Provethataglobalcompanycanbebuiltinmy country Build a great brand Be a role model Change the world Create jobs Fill a market gap Transform the way people connect/ communicate/transact/learn Create personal wealth Be my own boss Reinvent myself Need a jobIncrementalvaria-onfromoverallscore Note:*Whenfounded/joinedEndeavorcompany;axisforvaria=onrangesfrom-45ptsto45ptsonMaxDirela=veimportancescore;N=213TYPED 26. Differences in business type orientation appeared to reinforce segment distinctions Businessesthat OVERALLTYPEATYPEBTYPECUse technology to disrupt a business model Provide a needed service Have a positive social/environmental impact Have strong brand that drives customer loyalty Enable other businesses to be more effective Create brand new technology* Apply a proven model to address local market need Touchconsumersdirectly Createmanyjobs* Create a product you can touch and feel Have a strong artistic/design element* Incrementalvaria-onfromoverallscoreTYPED 27. Differences in traits seemed consistent with segment expectations traits OVERALLTYPEATYPEBTYPECTYPEDI see business opportunities where others see obstacles I am naturally self-disciplined and motivated to achieve my goals Taking risks is easy for me I control my destiny and can make my own luck I want to move my business forward by trying new things-I am a big-picture, long-term thinker I am comfortable with ambiguity and uncertain outcomes I make decisions quickly and decisively I rely on contribution from others to get the job done I am a competitive person and can be aggressive in order to win Getting recognition for all that I do not is important to me Incrementalvaria-onfromoverallscore StronglyDisagreeNote:Axisforvaria=onrangesfrom-.4to.4;N=213StronglyAgree 28. and some types spiked on specific strengths STRENGTHS OVERALLTYPEATYPEBTYPECTYPEDImagina=veandcrea=ve Goodatleadingpeople Optimistic Keepsword,trustworthy Confident Takesfeedbackseriously Goodatmul=-tasking Perseveres Enjoys working in teams Compelling communicator Naturallycharisma=c,outgoing Ra=onal,level-headed Detects&addressesproblems Analy=cal,lovesusingdata 19Able to see others perspectives Good at networking, meeting people%=messelected Note:Axisforvaria=onrange:-20ptsto20pts;Strengthswithoverallmean