Endeavor (non-profit)

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

Endeavor is an organization headquartered in New York City that is pioneering the concept of high-impact entrepreneurship in growth markets around the world. Its mission is to "select, mentor and accelerate the best High-Impact Entrepreneurs around the world".[2]

Model

Endeavor aims to identify and support those entrepreneurs with the greatest potential for economic and social impact in their regions. Endeavor provides the entrepreneurs in its network with services that will help them grow their ventures, create jobs, transform economies and support future generations of entrepreneurs.[3]

Since 1997, Endeavor has screened and provided feedback to over 50,000 candidates and selected 1,500 High-Impact Entrepreneurs from 1,000 companies. Supported and mentored by a network of 2,500+ local and global business leaders, these entrepreneurs have created over 650,000 high-value jobs and in 2016 generated $10 billion in revenues.[4] Among other impact metrics, companies in the Endeavor portfolio average a 68% growth rate within the first two years of selection.[5] Currently, Endeavor Entrepreneurs donate annually back to the organization, which eventually aims to be self-sustaining.

History

  • 1997: Linda Rottenberg and Peter Kellner establish Endeavor.[6]
  • 1998: The AVINA Foundation provides $500,000 in seed capital and an Argentine business leader provides a $200,000 matching grant. Endeavor initiates offices in Argentina and Chile.
  • 1999: Endeavor organizes its first venture forums, linking international investors with emerging-market entrepreneurs.
  • 2000: Endeavor launches Endeavor Brazil and Uruguay.
  • 2001: Endeavor holds its ninth selection panel, and selects its 100th entrepreneur. Endeavor launches Endeavor Mexico. Time Magazine recognizes Endeavor’s founders as among the "Top 100 Innovators for the 21st Century" in its November 5, 2001 issue.[7]
  • 2002: The Schwab Foundation and the World Economic Forum endorse Endeavor as one of 40 leading examples of social entrepreneurship from around the world.,[8]
  • 2003: The International Finance Corporation funds Endeavor scoping trips to Africa, and Endeavor decides to launch a South Africa affiliate.
  • 2004: Edgar Bronfman Jr becomes Chairman of Endeavor’s Global Board of Directors.
  • 2006: James Wolfensohn, former president of The World Bank, joins Endeavor’s Global Board of Directors. Endeavor opens operations in Colombia and Turkey.
  • 2007: Endeavor celebrates its 10th anniversary. MercadoLibre is the first Endeavor company to go public on NASDAQ. Thomas Friedman highlights Endeavor in the latest edition of his book, The World is Flat: A Brief History of the Twenty-first Century Version 3.0.[9]
  • 2008: Endeavor opens affiliates in Egypt, Jordan and India. Wenceslao Casares, one of the first Endeavor Entrepreneurs, joins the Global Board of Directors.[10] Linda Rottenberg co-chairs the World Economic Forum on the Middle East, held in Egypt.[11] Endeavor receives a commitment of $10 million from the Omidyar Network.[12]
  • 2009: Endeavor launches the Mentor Capital Program, Global 25 Program, Endeavor Jordan, and Endeavor's Center for High-Impact Entrepreneurship research arm. Endeavor opens its satellite office in San Francisco. Endeavor Brazil engages 5.3MM people in Global Entrepreneurship Week. Second HBS case study is published, focused on Endeavor in the MENA region. Andy Freire becomes the first Entrepreneur to serve as a country board chairman (Argentina).
  • 2010: Endeavor launches in Egypt. Endeavor’s CEO, MENA board members, and several Endeavor Entrepreneurs participate in US Presidential Summit on Entrepreneurship.
  • 2011: Endeavor launches in Lebanon and Dubai (UAE).
  • 2012: Endeavor introduces Endeavor Catalyst, a sustainability initiative, and launches in Indonesia, Saudi Arabia, and Greece.
  • 2013: Endeavor launches in Miami, Florida and Kuala Lumpur, Malaysia as well as Casablanca, Morocco. Miami becomes its first location in the United States and Kuala Lumpur becomes the second location in Asia.[13]
  • 2014: Endeavor launches in Peru and Spain, its second location in Europe.
  • 2015: Endeavor launches in the Philippines, Detroit, Louisville, and Bulgaria. The organization was also awarded the 2015 Henry Kravis Prize for Nonprofit Leadership.

Established in 1997, Endeavor is headquartered in New York City with a satellite office in San Francisco. It also has offices in Atlanta, Argentina, Brazil, Bulgaria, Chile, Colombia, Detroit, Ecuador, Egypt, Greece, Indonesia, Italy, Japan, Jordan, Kenya, Lebanon, Louisville, Malaysia, Mexico, Miami, Morocco, Peru, Philippines, Saudi Arabia, South Africa, Spain, Tunisia, Turkey, UAE and Uruguay. The organization expanded to 27 countries in 2017, including expansions in Africa, the Middle East, Europe and Southeast Asia.[14]

Events

Endeavor Gala

Endeavor holds a gala fundraiser event in New York City every year. Gala honorees have included: Stephen A. Schwarzman, CEO of Blackstone Group, Niklas Zennstrom and Janus Friis, Founders of Skype and Rupert Murdoch, CEO of News Corp.

Endeavor Summit

Endeavor has a biennial of leading entrepreneurs, investors and stakeholders to discuss and learn about strategies for entrepreneurial growth and innovation. The 2017 Summit took place in Half Moon Bay, California, and featured talks with Patagonia Founder Yvon Chouinard, Y Combinator's Sam Altman, Singularity U's Pascal Finette, noted political scientist and political economist Francis Fukuyama, and LinkedIn Co-founder Reid Hoffman.

Accolades

Thomas Friedman, best-selling author and Pulitzer Prize winning columnist, stated in his book The World is Flat that "Endeavor was formed for the purpose of promoting entrepreneurs in emerging markets. Its basic model is to link up small and midsize businesses with seasoned entrepreneurs so that little guys and gals can get the advice and contacts they need to grow their companies into bigger businesses that can employ more people -- the best antipoverty program of all."[9]

Sources

  1. ↑ "Endeavor Affiliates". January 2014.
  2. ↑ "Endeavor Mission Statement". February 2014.
  3. ↑ "Endeavor Model". January 2014.
  4. ↑ "Impact - Endeavor". Endeavor. Retrieved 2017-07-10.
  5. ↑ "Endeavor Top Metrics". February 2014.
  6. ↑ "The Justice". Thejusticeonline.com. Retrieved 2011-03-24.
  7. ↑ Morse, Jodie (2001-11-05). "Charity Without The Checks". TIME. Retrieved 2011-03-24.
  8. ↑ "Schwab Foundation for Social Entrepreneurship - Profiles". Schwabfound.org. Archived from the original on 2013-03-17. Retrieved 2011-03-24.
  9. 1 2 "Tom Friedman Calls Endeavor's Model ``The Best Anti-Poverty Program of All''". Businesswire.com. 2007-07-25. Retrieved 2011-03-24.
  10. ↑ Archived January 6, 2009, at the Wayback Machine.
  11. ↑ World Economic Forum on the Middle East Archived April 30, 2009, at the Wayback Machine.
  12. ↑ "ON | Endeavor Receives $10 Million Commitment from Omidyar Network to Support High Impact Entrepreneurship in Emerging Markets". Omidyar.com. 2008-07-31. Archived from the original on 2014-02-22. Retrieved 2011-03-24.
  13. ↑ "Endeavor launches a second Southeast Asian country affiliate in Malaysia". Retrieved 2013-10-30.
  14. ↑ "Endeavor Locations". July 2017.
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