endeavor impact report

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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 Endeavor Impact Report 2009—2010

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!”

INTRODUCTION.

Endeavor Impact Report 2009—20104 Introduction

What Endeavor Does

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

ENDEAVOR TRANSFORMS EMERGING MARKETS BY ESTABLISHING HIGH-IMPACT ENTREPRENEURSHIP AS THE LEADING FORCE FOR SUSTAINABLE ECONOMIC DEVELOPMENT

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.

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% 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


* 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).

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?

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+

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

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

COMPanIES

THE MULTIPLIER EFFECT In SOUTH aFRICa

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 Impact Report 2009—2010Endeavor 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

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.


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.

“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

EnDEavOR

PORTFOLIO

14 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 Endeavor Services Elevate Entrepreneurs

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.

“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 often need 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’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 Foster Competitive Markets

Inspire Future generations

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 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 Lacy has 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 emerging markets 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 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

Endeavor Impact Report 2009—201020 Endeavor Model

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.

“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


“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

IMPACT,' RESULTS,' & ACTION.

The Endeavor value Proposition

ENDEAVOR AND HIGH-IMPACTENTREPRENEURSENABLE SIGNIFICANT AND LASTINGIMPACT IN EMERGINGMARKETS

24 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%


225130,000+

$92mm

92

business leaders receiving findings from Endeavor’s center for high-impact Entrepreneurship (c-hiE)

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

814 248 82%

495mm 401 5.4mm


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


+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


180 (e)

60

$14.1 MM (e)

$3.7 MM

+281% +200%

'08 | JunE ' 10


$3.5BN

22,000+

291


64%

506

15,780+

university cases or casestudies on Endeavor or Endeavor Entrepreneurstaught in 2009

students and teacherswhose education or trainingis supported directlyby Endeavor companies

of fi rst-year Stanford Business School students (6% of HBS) appliedto be an eMBA in 2009

FinancialCapital

HumanCapital

SocialCapital

IntellectualCapital

CulturalCapital

Global Impact Metrics

average growth rate achieved in fi rst twoyears after engagingwith Endeavor

hours of mentoring provided by Endeavor VentureCorps mentors in 2009

revenues generated byEndeavor Entrepreneurs in 2009 (2/3 growthresulted post engagement)

High-Impact Entrepreneurs selected from 328 companies

candidates receivedprofessional feedbackduring Endeavor's Search& Selection process


123 76%

1.23MM 14%


225130,000+

$92MM

92

partnerships that Endeavor’sCenter for High-Impact Entrepreneurship (C-HIE) is developing in its fi rst year

10%95%

86

4322.7MM


patents or patents pending fi led by Endeavor fi rms


participants who attended Global Entrepreneurship Week events in Endeavor host countries 2009


1998—2009

raised in equity capitalby Endeavor Entrepreneursin 2009


of Endeavor Companiesthat have sold or IPO'd

130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+130,000+high-quality jobs createdby Endeavor Entrepreneurs(3/4 created from growth post engagement)


Endeavor Entrepreneurshave started anothercompany post-selection

people building theHIE movement throughEndeavor websites andsocial networking in 2009

investors worldwideparticipated in Endeavor’s Mentor Capital Programin 2009 to June 2010

weeks spent by Fellowsand eMBAs on location consulting Endeavor Entrepreneurs in 2009

814 10 82%

495MM 401 5.4MM


Building 5 Types of Capital




Lead cutting-edge researchto spark innovation


Financial Capital

Human Capital

Social Capital

Intellectual Capital

Cultural Capital


+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 generatingaccessible and reliable energythroughout Brazil.

Wilson Poit was inspired to become an entrepreneurby his father, a rice farmer and merchant, who built his own rice mill.



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 fl ourish in the 1990s, the engineers identifi ed the demand for innovation and seized the opportunity to fi ll the mid-sized shipping niche.


Ascon is the fastest growing shipyard in Chile. The company recently opened a 20,000-square-meterfacility to expand its production capability. Endeavorhas 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

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

By its 5th year, in Endeavor Colombia 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


$3.5bn

22,000+

291


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


123 76%

1.23mm 14%


225130,000+

$92mm

92

business leaders receiving findings from Endeavor’s center for high-impact Entrepreneurship (c-hiE)

10%95%

86

4322.7mm


patents or patents pending filed by Endeavor firms


participants who attended global Entrepreneurship week events in Endeavor host countries 2009


1998—2009

raised in equity capital by Endeavor Entrepreneurs in 2009


of Endeavor companies that have sold or ipo'd

high-quality jobs created by Endeavor Entrepreneurs (3/4 created from growth post engagement)


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

814 248 82%

495mm 401 5.4mm


building 5 types of capital




Lead cutting-edge research to spark innovation


financial capital

human capital

social capital

intellectual capital

cultural capital


+998% +370.6%

320

68

Entrepreneur spotlight

$56 MM

$5.1 MM


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.



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.


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


180 (e)

60

$14.1 MM (e)

$3.7 MM

+281% +200%

'08 | JunE ' 10


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, Chairman Endeavor Turkey Board Chairman

30 Endeavor Impact Report 2009—2010Impact, Results, & Action

SoLD!

whICh was aCquIreD By

DIsney In July 2010To PLAyDoM

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%

368

233

$3.0 MM

$2.35 MM


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 REvEnUE FROM YEaR OF SELECTIOn REvEnUE FROM YEaR OF SELECTIOn JOBS FROM YEaR OF SELECTIOnJOBS FROM YEaR OF SELECTIOnJOBS FROM YEaR OF SELECTIOnJOBS FROM YEaR OF SELECTIOn

'06 | JUnE ' 10'09 | JUnE ' 10'08 | JUnE ' 10'09 | JUnE ' 10

UY ‘06 COnsumer GOODs & servICesJ0 ‘09 teChnOlOGy


ahmed Metwally & Mostafa Hafez Timeline Interactive

Felipe vergaraLumni

High Impact is changing the game for Egypt’s video gaming industry and thousands of engineers.

High Impact is ten times more students with educational financing in just over a year.

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.

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.

38 2535

19

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

144

$16.2 MM$16.1 MM $1.84 MM $476,000

$115,000$70,000

EG ‘10 teChnOlOGy CO ‘09 fInanCeMX ‘09 teChnOlOGy

+0.62% +1,500% +580%+63% +8.6% +31.6%REvEnUE FROM YEaR OF SELECTIOn REvEnUE FROM YEaR OF SELECTIOn REvEnUE FROM YEaR OF SELECTIOn JOBS FROM YEaR OF SELECTIOn JOBS FROM YEaR OF SELECTIOn JOBS FROM YEaR OF SELECTIOn

'09 | JUnE ' 10 ' 10 | JUnE ' 10 '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


RESPOnDIng TO DISaSTER

From Epicenter to Entrepreneurial Center

BUILDIng a BRIDgE TO THE MIDDLE EaST

High-Impact Entrepreneurship at the Presidential Summit

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

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

Lighting the Way!Mexico's Lightcom partners with Walmart to illuminate stores using alternative energy.

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

Strutting the Runway!To celebrate its 40-year anniversary, azza Fahmy Jewelry launches its luxury line, the Opus Magnum Collection, during nY Fashion Week.

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.

Making Headlines

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 Endeavor Impact Report 2009—2010

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

AR

ENTREPRENEURS

STAFF

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 liabilities Total 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.


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

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

ENTREPRENEURS 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



ASSETS

Cash & cash equivalents Other accounts receivable Total Current Assets

Non-Current Assets Judicial deposits Fixed assets Total Non-Current Assets

Total Assets


Provision For Vacation Pay Taxes Payable Project Designated Advances Other Payables Total Liabilities

Retained Earnings



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.

STAFF

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.

Brazil


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

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


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

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)

ENTREPRENEURS

STAFF

PARTNERS



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


Accounts Payable Credit Cards Payable Unearned Revenues Retentions Accrued Liabilities Total Liabilities

Paid In Capital Accumulated Gains (Losses) Net Income (Loss) in 2009 Equity



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.

Chile


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


Korn Ferry International

Kroll

Ernst & Young

Fundacion Bavaria

Cardenas & Cardenas Abogados

Brigard & Urrutia

Brigard & Castro

Horwath Colombia

Concurso Ventures

FD Gravitas

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



ASSETS

Current Assets Cash & Cash Equivalents Accounts Receivable Total Current Assets

Property, Plant & Equipment

Total Assets


Bank overdrafts Accounts Payable Taxes Payable Salaries/Vacation Payable Contingency liabilities Other Liabilities Total Liabilities

Net Worth



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.

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.

“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

Colombia


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)

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 ENTREPRENEURS STAFF STAFF

PARTNERS

Financials 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)

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 ) (December 31, 2009 )


ASSETS

Current Assets Cash & Cash Equivalents Accounts Receivable Prepaid Expenses Other Expenses Total 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


ASSETS

Current Assets Cash & Cash Equivalents Accounts Receivable Other Current Assets Total 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.

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 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.

> Endeavor Egypt

is launching

the first national

media campaign

on High-Impact

Entrepreneurship.

Egypt Jordan


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

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)



ASSETS

Current Assets Cash Accounts Receivable Taxes Receivable Property And Equipment Other Assets

Total Assets

LIABILITIES

Accounts Payable Taxes Payable Total Liabilities

Net Worth At Beginning Of The Year Change In Net Worth Net Worth

Total Assets & Liabilities


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.

ENTREPRENEURS

STAFF

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

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


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

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

ENTREPRENEURS 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



ASSETS

Current Assets Bank balances & cash Taxation Asset Trade & Other Receivables Total 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


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.

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


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

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



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 Expenses Total Fixed Assets

Total Assets

LIABILITIES & NET ASSETS

Current Liabilities Trade Payables Other Liabilities Advances Received Taxes Payable & Fiscal Liabilities Total Current Liabilities

Prior Year Net Assets 2009 Change in Net Assets Total Net Assets

Total Liabilities & Net Assets


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

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

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%.

Turkey


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

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



ASSETS

Current Assets Cash & Cash Equivalents Accounts Receivable Other Assets Total Current Assets

Fixed Assets

Total Assets


Other Payables Total Liabilities

Net worth adjustments (conversions) Net Worth at the Beginning of the Year Net Income

Net Worth



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 UY

Endeavor Main OfficeMontevideo

“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

> In 2009, the

annual revenue

of Endeavor

Entrepreneurs

represented 0.6%

of Uruguay’s

gross domestic

product.

Uruguay


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 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



ASSETS

Cash and cash equivalents Investments Contributions receivable Grants receivable Prepaid expenses & other assets Fixed assets, net

Total Assets

LIABILITIES AND NET ASSETS

Liabilities Accounts payable and other accrued liabilities Due to affiliated entities Deferred rent & capital lease obligations Total Liabilities

Net Assets Unrestricted 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)

Endeavor Global OfficesSan FranciscoNew York

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

“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

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.

Endeavor Impact Report 2009—201060 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 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 Endeavor Impact Report 2009—2010

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, Gabriel Tata 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

1,000 +

Acento Mexicano

Açıkalın, Faik Yapı 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,

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, Andrés Ferrerre

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


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

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, Julie Langland 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

1,000 + continued

Donors 2009


“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

Donors In-Kind


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-Ghazaleh Talal 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


Torreiter, Erik Colaboración Virtual

Tahincioğlu, Özcan Tahincioğlu Holding


Topçuoğlu, Cem TBWA Istanbul

VSP Capital


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 IAE Director

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 & Aragão Partner

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 Corona Board 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

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 Empresa CEO

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 GrossSeinco Director

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


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

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

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endeavor impact report

Documents

endeavor impact report

young entrepreneurs

endeavor spirit

brand new

new website

seasoned entrepreneurs

endeavor south africa

exciting endeavor stories