ENDEAVOR IMPACT REPORT 2010-2011

IMPACT REPORT 2010 — 2011 HIGH-IMPACT ENTREPRENEURSHIP

ENDEAVOR 900 BROADWAY, SUITE 300 NEW YORK, NY 10003 T 212 352 3200 W ENDEAVOR.ORG

ENDEAVOR IMPACT REPORT 2010–2011 INTRODUCTION

Welcome Welcome

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INTRODUCTION Why Endeavor?

What Endeavor Does Why High-Impact Entrepreneurship?

E ntrepreneurial Ecosystems: The Argentina Example

12 15 16 17 18 20

THE ENDEAVOR MODEL Launch Select Support Multiply Give Back

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IMPACT & RESULTS Endeavor Value Proposition Global Impact Metrics

The Endeavor Effect: A snapshot of the Endeavor Network

28 34

Entrepreneur Spotlight Summit Roundup

36 38 58

NETWORK & FINANCIALS Country Spotlights Global Financials

60 62 70 71 74

CONTRIBUTORS & BOARD High-Impact Donors Global Advisory Board Country Boards of Directors Global Board of Directors

IN JANUARY 2011, following the lead of Tunisia, Egyptians took to the streets and

launched a revolution that swept throughout the region. A few months later, another series of protests rocked Europe, from Greece to the UK. Two common frustrations emerged from these protests in very different regions of the world: a lack of jobs and a lack of hope.

Endeavor can help with both of these needs.

In many ways, the Middle East landscape reminds me of what Endeavor found in Latin America 15 years ago. High-impact entrepreneurs exist; they are poised to offer the high wage jobs that are key to long-term growth; but they still need support, mentorship, and help forming strong local and global networks. Most important, they need home-grown role models to convince them that entrepreneurship is a viable option.

Endeavor has been providing that support, building those networks, and cultivating those role models since 1997. Now we are stepping up our expansion.

Endeavor began the year by launching a new country affiliate in Lebanon. Endeavor Jordan hosted its second International Selection Panel in October 2011. And in the midst of Egypt’s revolution, Khaled Ismail — the very first Endeavor Entrepreneur selected in the Middle East — sold his company SySDSoft to Intel. Khaled then took over the role of board chairman of Endeavor Egypt, helping to foster the next generation of big dreamers and doers.

Meanwhile, we’ve been fine-tuning what we call the “Endeavor Experience” for all of our high-impact entrepreneurs around the globe. With help from Bain & Company, we’re standardizing best practices at every step, from the moment an entrepreneur enters the selection process through the time she or he receives services and then gives back to sustain Endeavor for future generations.

COVER IMAGES CREDITS: (TOP RIGHT) FLICKR: UNCORNERED MARKET, (BOTTOM LEFT) DIANE SAWYER

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Since 1997, Endeavor has screened 28,000 candidates, and selected just over 600 men and women from 385 companies. Our high-impact entrepreneurs have created over 150,000 jobs and generated $4.5 billion in 2010; Endeavor offices around the world are working with governments, universities and media to create cultures that encourage entrepreneurship.

You can learn more about these inspiring entrepreneurs, their amazing companies and the incredible impact they have created in this year’s report, as well as on www.endeavor.org.

In the last year, we all felt the desire for dignity and change from Tahrir Square to the streets of London. As Endeavor selects more entrepreneurs and expands our movement to new countries, from Indonesia to Poland, we’ll continue to spark successful companies, much-needed jobs and cultures of innovation around the world. We invite you to join us.

Linda Rottenberg Co-founder & CEO Endeavor

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ENDEAVOR IMPACT REPORT 2010–2011

INTRODUCTION

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ENDEAVOR IMPACT REPORT 2010–2011

Endeavor transforms the way people think about entrepreneurship.

Diwan, Egypt

Matt Bannick Omidyar Network Managing Partner Endeavor Global Board Member The Omidyar Network’s $10 million grant and ongoing support enabled Endeavor to hire senior management and propelled expansion to new countries.

Endeavor Entrepreneur Summit, June 2011

ada Debs, N Lebanon

Why Endeavor?

What Endeavor Does Why High-Impact Entrepreneurship?

Endeavor Entrepreneur Summit, June 2011

JASON PEARCE

Entrepreneurial Ecosystems: The Argentina Example

LapDesk, South Africa

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ENDEAVOR IMPACT REPORT 2010–2011 INTRODUCTION

Endeavor is leading the global movement to catalyze longterm economic growth by selecting, mentoring, and accelerating the best high-impact entrepreneurs around the world.

Why Endeavor?

HIGH-IMPACT ENTREPRENEURS CAN CHANGE THE WORLD. THEY SEIZE OPPORTUNITIES TO INNOVATE. THEY CREATE thousands of jobs and generate billions of dollars in revenue.

They inspire those around them and prove that entrepreneurship is the leading force for sustained economic development.

IN EMERGING MARKETS, HIGH-IMPACT ENTREPRENEURS FACE SUBSTANTIAL BARRIERS TO GROWTH:

COST OF FAILURE

LACK OF ROLE MODELS

LIMITED MANAGEMENT EXPERTISE

LACK OF CONTACTS OR MENTORS

LACK OF TRUST

LIMITED ACCESS TO SMART CAPITAL

ENDEAVOR PROVIDES the critical support entrepreneurs need to overcome

these challenges and reach their high-impact potential.

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ENDEAVOR IMPACT REPORT 2010–2011 INTRODUCTION

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ENDEAVOR IMPACT REPORT 2010–2011 INTRODUCTION

What Endeavor Does For 14 years, Endeavor has proved that sustained economic development is dependent on a vibrant entrepreneurial ecosystem.

1

6

5

Endeavor searches the globe to find the best and brightest talent,

2

shares their success stories,

4

3

COMPANIES selects High-Impact Entrepreneurs,

connects them to leading mentors to help them scale their companies,

and promotes role models who inspire future generations of entrepreneurs to continue the cycle.

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ENDEAVOR IMPACT REPORT 2010–2011 INTRODUCTION

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ENDEAVOR IMPACT REPORT 2010–2011 INTRODUCTION

Why High-Impact Entrepreneurship?

IN A JOINT STUDY, Global Entrepreneurship Monitor (GEM) and Endeavor’s

ACCORDING TO A C-HIE STUDY based on economic census data, medium-

FAR BETWEEN, THEY DRIVE JOB CREATION.

NUMBER OF NEW FIRMS NEEDED TO GROW GDP BY 1%

Center for High-Impact Entrepreneurship (C-HIE) analyzed surveys of over 800,000 people from 60+ developed and emerging-market countries over five years to conclude that WHILE HIGH-IMPACT ENTREPRENEURS ARE FEW AND

MEXICO

LOW-GROWTH ENTREPRENEURS AVERAGE NUMBER OF EMPLOYEES

6%

2 (+2 PROJECTED)

and large-sized firms have the most leveraged impact on a country's Gross Domestic Product.

IN THE NEXT 5 YEARS

OF POPULATION SURVEYED 5% growth per year

Endeavor is leading the High-Impact Entrepreneurship movement.

578,528 (MICRO FIRMS)

2,620

(MEDIUM FIRMS)

169

(LARGE FIRMS)

TURKEY Klaus Schwab World Economic Forum Founder & Executive Chairman

MODERATE-GROWTH ENTREPRENEURS

486,185 (MICRO FIRMS)

2,424

(MEDIUM FIRMS)

152

(LARGE FIRMS)

AVERAGE NUMBER OF EMPLOYEES

3%

34 (+10 PROJECTED)

IN THE NEXT 5 YEARS

87% of the individuals surveyed were not interested in starting or running a business.

OF POPULATION SURVEYED 5 – 20% growth per year

BRAZIL

346,024

7,845

(MICRO FIRMS)

(MEDIUM FIRMS)

472,415

14,690

247

(LARGE FIRMS)

HIGH-GROWTH ENTREPRENEURS USA

AVERAGE NUMBER OF EMPLOYEES

0.4%

73 (+30 PROJECTED)

IN THE NEXT 5 YEARS

(MICRO FIRMS)

OF POPULATION SURVEYED 20% + growth per year

Ernst & Young proudly shares Endeavor’s belief that by supporting High-Impact Entrepreneurs, we can change the world.

(MEDIUM FIRMS)

425

(LARGE FIRMS)

James S. Turley Ernst & Young Global Chairman & Chief Executive Officer In 2011, Ernst & Young announced a threeyear sponsorship with Endeavor that includes support for International Selection Panels, executive-level mentors and connections, Global events sponsorship and the launch of a new financial course designed expressly for Endeavor Entrepreneurs.

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ENDEAVOR IMPACT REPORT 2010–2011 INTRODUCTION

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ENDEAVOR IMPACT REPORT 2010–2011 INTRODUCTION

Entrepreneurial Ecosystems The Argentina Example SINCE 1997, ENDEAVOR HAS SELECTED 83 entrepreneurs in Argentina.

In 2010, these Endeavor companies generated $1.3 billion in revenues and employed 68,000 people. Endeavor Argentina's all-star Entrepreneurs include household names like Wences Casares and the founders of Globant.

C-HIE QUALITY OF LIFE SURVEY When C-HIE surveyed employees of Endeavor Argentina companies on their quality of life, the results confirmed what Endeavor has known for 13 years: high-impact firms offer employees higher-quality, betterpaying jobs. Moreover, employees of Endeavor companies believe in the power of entrepreneurship.

ENDEAVOR HAS HELPED ARGENTINA build a thriving

entrepreneurial ecosystem.

INFLUENCE PUBLIC POLICY Andy Freire, Endeavor Entrepreneur and Argentina’s Board Chairman, published Pasión por Emprender, a bestseller in Latin America about how implementing “universal” business theories in emerging markets does not necessarily lead to success.

Endeavor Argentina worked with the government of Buenos Aires on the design and implementation of Buenos Aires Emprende, a program that matches seed money with start-ups from the city.

DEVELOPMENT

WENCES CASARES Selected in 1997 for Patagon.com Bling Nation, Inc.

MARTÍN UMARAN, MARTÍN MIGOYA, NÉSTOR NOCETTI, GUIBERT ENGLEBIENNE Selected in 2005 Globant

Born on a sheep farm in Patagonia, Wences caught the entrepreneurial bug at the young age of 20, starting the first Internet Service Provider in Argentina. Three years later, in 1997, he founded Patagon.com, the first LatAm online broker. With Endeavor's support, Wences sold Patagon.com to Banco Santander for $585 million in 2000.

One of Endeavor's most committed Entrepreneurs, Wences has mentored countless Endeavor Entrepreneurs, interviews candidates at International Selection Panels, and regularly attends and speaks at Endeavor events around the world.

He joined Endeavor Global's Board of Directors in 2008 and was named the 2011 Endeavor Global Mentor of the Year. Today, Wences Casares is a household name in Argentina and an international role model for entrepreneurship.

Globant's founders have built an IT outsourcing shop into a rapidly growing, multinational corporation with almost 3,000 employees and clients like Electronic Arts and LinkedIn. Globant acquired OpenWare, an Argentina-based Endeavor Entrepreneur company, in 2008. They announced the acquisition of Nextive, a San Francisco-based software developer, in August 2011. The company plans to launch an IPO in the US next year.

Following a visit to Google during the 2009 Endeavor Tech Retreat, the founders committed to building a strong company culture and reversing Argentina's brain drain. Their success has been remarkable: Globant is today considered the Google of LatAm for its company culture, and many employees have been inspired by the Globant founders to become entrepreneurs themselves.

91% of employees believe that entrepreneurs have played a fundamental role in Argentina’s development.

THINKING

55% of employees reported that as a result of working for an entrepreneurial firm, they are now “thinking about becoming an entrepreneur.”

A 2011 cover story reported on the challenges of doing business in Argentina and featured six Endeavor Entrepreneurs.

In 2011, co-founder Hernan Kazah and Nicolás Szekasy, both Endeavor Argentina board members, launched a $75M venture capital fund to support the next generation of tech entrepreneurs.

Over the last year, 10 entrepreneurs and Endeavor companies have been featured in the Financial Times, Inc Magazine, and La Nacion, stressing their impact on the Argentina business landscape.

Nearly 5000 people attended Experiencia Endeavor events in seven Argentine cities in 2010.

FOSTER COMPETITIVE MARKETS: One of Endeavor Argentina’s first companies selected, MercadoLibre.com went public on the NASDAQ in 2007.

By 2011, MercadoLibre’s market cap had reached US$3 billion.

CREATE ROLE MODELS & SHARE THEIR INSPIRING STORIES:

SHAPE ENTREPRENEURSHIP EDUCATION: Fifty case studies on Endeavor Argentina and Endeavor Argentina Entrepreneurs were taught in universities in 2010.

Endeavor Argentina partners with eight Universities to help shape entrepreneurial curriculum.

After selection by Endeavor, OfficeNet was acquired by Staple. A Harvard Business School case study on OfficeNet has been taught around the world.

The only way to survive in Argentina is to be entrepreneurial.

Marcos Galperin

in Inc. Magazine

It is evident once again that all of the people inspired by Endeavor are what the country needs to grow and develop sustainably.

La Nacion Leading Argentinean newspaper

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ENDEAVOR IMPACT REPORT 2010–2011

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ENDEAVOR IMPACT REPORT 2010–2011

Endeavor has created opportunities for people no matter where they grew up, to realize their dreams.

THE ENDEAVOR MODEL TIMOTHY NEESAM

Jason Green Emergence Capital Partners Founding General Partner Endeavor Global Board Member

Endeavor Chile Retreat, May 2011

Launch Select

Globant, Argentina

HASSNER PEPLER

NOOR HILMI

Support Multiply Give Back

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ENDEAVOR IMPACT REPORT 2010–2011 ENDEAVOR MODEL

Launch

Together Endeavor and Abraaj Capital can build meaningful opportunities for the next generation of young people in the Middle East by supporting entrepreneurs who create jobs, foster innovation and serve as inspirational role models for the region.

ENDEAVOR TARGETS growth markets with the following characteristics:

·

A PIPELINE OF HIGH-IMPACT ENTREPRENEURS

·

A GROWING AND VIBRANT PRIVATE SECTOR

·

A COMMUNITY OF BUSINESS LEADERS EAGER TO JOIN ENDEAVOR’S GLOBAL MOVEMENT

EACH MARKET must demonstrate a strong “pull” for the Endeavor model.

This pull is embodied by a community of influential private sector champions who want to use Endeavor’s unique model to unleash the power of entrepreneurship in their home country.

Present & Future Countries A. LEBANON Endeavor Lebanon launched in January 2011. In May 2011, the first three Lebanese Endeavor Entrepreneurs were selected.

B. INDONESIA Endeavor Indonesia launched in September 2011 and will soon select its first entrepreneurs.

A B

In-Country Expansion: CURRENT OPERATIONS

NEW OPERATIONS

LAUNCHING SOON

Arif Naqvi Abraaj Capital Founder & Group CEO Endeavor Global Board Member

ENDEAVOR IS CURRENTLY scoping in Southeast Asia, the Middle East, and

In 2010, Abraaj Capital and Endeavor launched a strategic alliance to cultivate entrepreneurship in MENASA.

Endeavor Global has support offices in Dubai, New York City, San Francisco, and Singapore.

Central Europe, with the goal of launching in several new countries in the next two years including: Malaysia, Morocco, Philippines, Poland, Saudi Arabia, and United Arab Emirates.

High-Impact Entrepreneurs can be found throughout a country, not just the primary business centers. Endeavor affiliates have opened 16 offices from Patagonia, Chile to Baja, Mexico.

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ENDEAVOR IMPACT REPORT 2010–2011 ENDEAVOR MODEL

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ENDEAVOR IMPACT REPORT 2010–2011 ENDEAVOR MODEL

Select

Support

EACH YEAR, ENDEAVOR screens thousands of entrepreneurs with high-impact

POST-SELECTION, LOCAL AND GLOBAL ENTREPRENEUR SERVICES TEAMS

potential. Those ultimately selected as Endeavor Entrepreneurs run innovative, high-growth businesses with impact that extends beyond company walls.

The Endeavor Selection Process January 2010 to June 2011

6,171

831

candidates reviewed

by Search & Selection staff

candidates met with and received feedback from VentureCorps volunteers

128 High-Impact Entrepreneurs selected representing 75 companies

HARVARD BUSINESS SCHOOL CLASS OF 2012

candidates interviewed by high-level local network members at local selection panels

Reid Hoffman LinkedIn Co-Founder & Executive Chairman Endeavor Global Board Member

182

ACCEPTANCE RATE

12%

207

2.1% ENDEAVOR (JAN. 2010 - JUNE 2011)

The Endeavor search and selection methodology is a rigorous process that uncovers some of the most dynamic and talented entrepreneurs from around the world. The difficulty of this process is on par with any venture capital investment meeting.

candidates presented at seven International Selection Panels and received direct feedback from Endeavor’s high-profile global network members

craft customized programs to help Endeavor Entrepreneurs scale their businesses.

Entrepreneurs gain unparalleled access to:

NETWORK & MENTORS

THE NETWORK An elite network of local and global business leaders mentor emerging market entrepreneurs.

Executives provide constructive advice on issues entrepreneurs are facing through “Global Connections” with Endeavor VentureCorps.

Endeavor-built advisory boards mentor Endeavor Entrepreneurs at quarterly board meetings.

2,433 local and global business executives

604 Endeavor Entrepreneurs

1,034 members connected through Endeavor’s social network

TALENT Business leaders say their best asset is their team.

Endeavor helps entrepreneurs access talent.

The eMBA program matches Endeavor Entrepreneurs with students from top business schools.

Endeavor works with recruiting firms to help Entrepreneurs hire high-caliber talent.

MENTORSHIP

25,894 hours provided

by Endeavor VentureCorps members in 2010

194

SMART CAPITAL The Endeavor Network helps entrepreneurs access “smart capital” with favorable terms and infrastructure of support.

The Investor Network provides 17 Silicon Valley and international firms insight into the investment landscape of emerging markets.

More than 40 Endeavor Entrepreneurs pitched 30 Investor Network Members at treks in Brazil and Silicon Valley.

TALENT In 2010, Endeavor helped Entrepreneurs access talent:

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INSPIRATION Endeavor events bring together entrepreneurs and mentors to celebrate the power of entrepreneurship, encouraging new ideas, synergies, and connections.

Endeavor provides access to an unparalleled peer network of like-minded entrepreneurs, spurring collaboration and even new businesses.

custom introductions with potential investors through the Investor Network

Entrepreneurs connect with global business leaders at International Selection Panels, Industry Tours, and Summits.

students from top business schools, including Harvard, Stanford, and Wharton

7 Ernst & Young fellows

24 interns working with Endeavor teams

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ENDEAVOR IMPACT REPORT 2010–2011 ENDEAVOR MODEL

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ENDEAVOR IMPACT REPORT 2010–2011 ENDEAVOR MODEL

Multiply ENDEAVOR FOSTERS A CULTURE of entrepreneurship by engaging key

stakeholders — universities, professional service providers, the media, and Fortune 500 businesses — to promote the high-impact model and create role models for future generations.

2010-2011 Highlights ENGAGING THE MEDIA The Wall Street Journal magazine ran a feature on Endeavor CEO Linda Rottenberg. ollowing Endeavor’s Silicon F Valley tech tour, Bloomberg TV interviewed Endeavor Entrepreneurs from Woodtech (Chile) and Jeeran (Jordan).

Endeavor Turkey and CNBC-e launched “The Visionaries,” a weekly program in which over 50 Endeavor Turkey Network Members and Entrepreneurs have appeared.

Inspiration Felipe Vergara received the 2011 Latin American Social Entrepreneur of the Year award from the Schwab Foundation for Social Entrepreneurship.

A month later, The New York Times covered Felipe and the Lumni model.

Four Endeavor Entrepreneurs won 2011 Ernst & Young Entrepreneur of the Year awards: Jordan Entrepreneur of the Year: Dr. Amjad Aryan, Pharmacy 1; Argentina Entrepreneur of the Year: Adolfo Rouillon, Congelados del Sur; Brazil Entrepreneur of the Year: Daniel Wjuniski and Fernando Ortenblad, Minha Vida.

Harvard Business School published its third case study on Endeavor.

Endeavor aligns with global brands to broaden reach and services. In the past year, Endeavor has launched or expanded partnerships and sponsorships worth

over $10 million in cash and in-kind support with Abraaj Capital, Bain & Company, Barclays Capital, Dell, Ernst & Young, Omidyar Network, and SAP.

In 2010, Endeavor is selected by the Kauffman Foundation as the lead host for Global Entrepreneurship Week in ten countries. Endeavor offices organized events ranging from conferences to contests and reached over 2.7 million people.

MercadoLibre co-founder Hernán Kazah and former CFO Nicolas Szekasy launched a $75M fund, Kaszek Ventures, to support rising tech entrepreneurs.

Federica Cella of AIVA TPA and Gabriel Colla of InfoCorp found technology company Lynkos.

LEADING IN ENTREPRENEURSHIP EDUCATION The World Economic Forum invited Endeavor to serve as Regional Co-Chair for The WEF Latin America Entrepreneurship Education Round Table in April 2011.

Endeavor Brazil’s innovative entrepreneurship curriculum, Bota Pra Fazer, is offered by 25 leading business schools and the Bovespa stock exchange.

FOSTERING COMPETITIVE MARKETS

The World Economic Forum’s first-ever report on global entrepreneurship, published in association with Stanford GSB, features eight Endeavor Entrepreneurs in case studies.

Supporting the Next Generation

Teaming Up for Another Success

FORGING PARTNERSHIPS

DRIVING THOUGHT LEADERSHIP

INSPIRING FUTURE GENERATIONS Endeavor staff and Endeavor Entrepreneurs spoke to over 12,000 students in 2010.

Winning Accolades Around the World

Over 40 Entrepreneurs pitched over 30 investors at Endeavor Investor Network Treks in Rio and San Francisco.

Global Reach Yola's web site-building software is now installed in every new HP computer.

Since January 2011, entrepreneurs pre-certified

by Endeavor Chile have received 48 preferential loans from Banco de Chile worth $12 million.

Endeavor participated in Geeks on a Plane's Latin American tour, bringing over 50 Silicon Valley founders and investors to meet nearly 100 Endeavor Entrepreneurs in Argentina, Brazil and Chile.

Closing Deals Diego Noriega,of Evolution Group closed a deal with eBay after meeting exectuvies at Endeavor's California Tech Retreat.

Coming Full Circle SySDSoft, the first Middle Eastern company selected

by Endeavor, is acquired

by Intel. Entrepreneur Khaled Ismail joined Endeavor Egypt's board as Chairman.

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ENDEAVOR IMPACT REPORT 2010–2011 ENDEAVOR MODEL

Give Back ENDEAVOR IS AN ORGANIZATION OF, BY, AND FOR ENTREPRENEURS.

Fifteen Endeavor Entrepreneurs sit on Endeavor Boards, and many others serve as role models and mentors for the next generation of Endeavor Entrepreneurs.

Endeavor has implemented give-back programs in every affiliate country with the goal of becoming sustainable through market-driven revenue.

The Endeavor Give-Back Program

2005

2010

Endeavor Brazil launched the first give-back program...

... Followed by Mexico.

2011 / 2012

50%

This model is being implemented

by Endeavor affiliates worldwide as part of Endeavor’s efforts to achieve sustainability.

of Endeavor Mexico's operations are now sustainable through entrepreneur give-back programs.

ARGENTINA

LEBANON

BRAZIL

MEXICO

CHILE COLOMBIA

S. AFRICA TURKEY

EGYPT

URUGUAY

JORDAN

Taking over as Chairman of Endeavor Argentina was in my mind the best way to give back to Endeavor and to society. It’s my dream that Boards of all Endeavor countries will be led by Endeavor Entrepreneurs.

If this is not the best proof that Endeavor works, what is? It’s our turn to help the next generation of entrepreneurs succeed.

Andy Freire Axialent CEO OfficeNet Co-Founder Endeavor Argentina Chairman

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ENDEAVOR IMPACT REPORT 2010–2011

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ENDEAVOR IMPACT REPORT 2010–2011

JAMES EMERY

IMPACT & RESULTS

Endeavor Entrepreneur Summit, June 2011

ynkos, L Uruguay

Endeavor offers entrepreneurs a priceless service—access to experienced business leaders who in turn want to donate their time to mentor rising entrepreneurs. iruta, B Brazil

Endeavor Value Propostion

Josh Silverman American Express President, U.S. Consumer Services Skype Former CEO Evite Founder

Global Impact Metrics Entrepreneur Spotlight Summit Roundup

London International Selection Panel, May 2011

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ENDEAVOR IMPACT REPORT 2010–2011 IMPACTS & RESULTS

Endeavor Value Proposition

I care deeply about seeing that people around the world have opportunity.

There is no other organization creating jobs, hope and opportunity like Endeavor.

Edgar Bronfman, Jr. Warner Music Group Chairman Endeavor Global Board Chairman

FINANCIAL CAPITAL

HUMAN CAPITAL

SOCIAL CAPITAL

HIGH-IMPACT ENTREPRENEURS INTELLECTUAL CAPITAL

CULTURAL CAPITAL

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ENDEAVOR IMPACT REPORT 2010–2011 IMPACTS & RESULTS

Global Impact Metrics FINANCIAL CAPITAL

HUMAN CAPITAL

SOCIAL CAPITAL

INTELLECTUAL CAPITAL

CULTURAL CAPITAL

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ENDEAVOR IMPACT REPORT 2010–2011 IMPACTS & RESULTS LOOK INSIDE TO LEARN ABOUT THE PEOPLE BEHIND THE NUMBERS.

$4.5B

69.4%

80%

$107M

23

in revenues generated by Endeavor Entrepreneurs in 2010 (2/3 growth resulted after engagement with Endeavor)

average annual growth rate in first two years after engaging with Endeavor

of entrepreneurs selected continue to be engaged with the Endeavor network*

raised in equity capital by Endeavor Entrepreneurs in 2010

Endeavor Companies have been acquired since 1997

28,652 604

156K+

288

149

candidates have received professional feedback since 1997

High-Impact Entrepreneurs selected from 385 companies

high-quality jobs created by Endeavor Entrepreneurs (80% created from growth after engaging with Endeavor)

people employed, on average,

by Endeavor companies in 2010

Endeavor Entrepreneurs have started another company after engaging with Endeavor

66%

25,894

2.14M

1.6M

402

of Endeavor Entrepreneurs advised or invested in other Endeavor companies in 2010

hours of mentoring provided by Endeavor VentureCorps mentors in 2010

people reached through Endeavor’s online content in 2010

people reached through Twitter during the 2011 Endeavor Entrepreneur Summit

Global Connections made between Endeavor Entrepreneurs and mentors, 2010-2011

76%

135

900

96

11,040

of Endeavor Entrepreneurs invested in R&D in 2010

university cases or case studies on Endeavor or Endeavor Entrepreneurs taught in 2010

patents or patents pending filed by Endeavor companies since 1997

indicators tracked by Endeavor’s Center for High-Impact Entrepreneurship in 2010

hours on location spent by fellows & eMBAs consulting Endeavor Entrepreneurs in 2010

72K+

5%

2,243

454

1,074

active participants building the High-Impact Entrepreneurship movement online in 2010

of first-year Stanford and Harvard Business School students applied to be a 2011 eMBA

pieces of print, radio, online or television coverage of Endeavor in 2010

major entrepreneurship awards received by Endeavor and its Entrepreneurs since 1997

partnerships Endeavor built to lead activities and outreach for Global Entrepreneurship Week 2010

*20% of Entrepreneurs are either no longer active in the network, or have closed their businesses

ENDEAVOR IMPACT REPORT 2010–2011 IMPACTS & RESULTS

The Endeavor Effect: A Snapshot of the Endeavor Network

“THE ENDEAVOR EFFECT” is set in motion by providing

entrepreneurs access to Endeavor’s invaluable network of international business leaders, investors, and fellow entrepreneurs.

Connections between entrepreneurs and mentors—whether an e-commerce executive, a leading Venture Capitalist, or a fellow Endeavor Entrepreneur—are crucial to helping entrepreneurs address challenges to scale their businesses and lead to collaboration, deal flow and even the launch of new ventures.

EDGAR BRONFMAN JR. Warner Music Group | Chairman Endeavor Global Chairman USA

FRANCESCA ROMANA DIANA Francesca Romana Diana Brazil Jewelry Designer & Retailer

Becoming an Endeavor Entrepreneur offers something more valuable than cash: connections.

Reporter Daniel Gross in The Wall Street Journal Magazine

INTRODUCED

BY ENDEAVOR

International Selection Panel = ISP

Diego interviewed Francesca Romana Diana at the March 2009 ISP in Miami.

He later helps her launch a new e-commerce website.

After meeting Francesca at the 2009 ISP, Joanna becomes Francesca’s friend and mentor, eventually sending her own daughter to Brazil to work with Francesca.

Gilt Groupe | Founder & CEO Endeavor Global Network Member USA

JOANNA REES

ENDEAVOR ROLE:

Kevin met Alemşah at the 2009 ISP in Jordan.

Endeavor Global Board Member USA

Betazeta Chile Network of online vertical communities

DIEGO PIACENTINI Amazon.com | SVP International MENTORING / COLLABORATION

Endeavor Global Network Member USA

EBRU ÇEREZCI Hiref Turkey International designer and distributor of modern Turkish handicrafts

After serving as a panelist for her company, Fadi and Ebru discussed how Hiref can work with Aramex on international shipping needs.

Diego helped Hiref sell their Turkish handicrafts on Amazon.co.uk, becoming the 1st nonEU products available for purchase on the website.

FADI GHANDOUR Aramex International | Founder & CEO Endeavor Jordan Board Member Jordan

WENCES CASARES Wences introduced Betazeta to leading TechCrunch reporter Sarah Lacy.

Diego mentors Minha Vida on their future growth strategy, including changes to their tech infrastructure and shareholder structure.

DANIEL WJUNISKI Minha Vida Brazil Brazil’s #1 health and wellness portal

Minha Vida connected with Hernán Kazah regarding his new fund, Kaszek Ventures, at the 2011 Endeavor Entrepreneur Summit.

Bling Nation | Co-founder & CEO Endeavor Global Board Member Argentina

Wences is Plataforma’s “lead mentor” and has advised his mentees on their business strategy, as well as introduced them to potential US investors.

DAVID ASSAEL Plataforma Networks Chile Platform with two leading architecture blogs

REID HOFFMAN Reid is advising Jeeran on raising equity capital.

Endeavor Global Board Member USA

In 2008, Globant aquired Openware, marking the first merger between two Endeavor Entrepreneur companies.

MARIANO SUÁREZ BATTÁN

Trabajando.com Chile

Three Melons Argentina

LatAm employment search engine

A virtual gaming company

OMAR KOUDSI

LinkedIn | Co-Founder & Executive Chairman

Reid is serving as a mentor to Globant as they prepare for the Initial Public Offering process. ............................

Reid advised Daniel on international fundraising and investing.

Juan Pablo Swett sits on Plataforma’s advisory board.

JUAN PABLO SWETT

MARTIN MIGOYA Globant Argentina Leading software product development company

Endeavor connected Martin Migoya to Tim Brown, who advised Globant on how to choose clients, branding, creating an innovative corporate culture and talent retention.

Jeeran Jordan Preferred social networking and blogging platform of the Middle East

NICK BEIM Nick is advising the Globant founders as they expand internationally and potentially IPO.

Matrix Partners | General Partner

After meeting Richard at the 2010 Cape Town ISP, David Frazee continues to mentor CIBECS, even hosting them for a week of customized meetings in Silicon Valley.

With the help of mentor Wences Casares, Three Melons was sold to Playdom. In July 2010, Playdom was acquired

by Disney, valued at nearly $763 million.

RICHARD DEWING Cibecs South Africa User data backup automation provider

DAVID FRAZEE

MIKE AHEARN True North Venture Partners | Chairman & Managing Partner

K & L Gates | Partner Endeavor Global Network Member USA

Endeavor Global Board Member USA

Mike Ahearn provided feedback on Cibec’s US investment strategy.

Endeavor Global Board Member USA

HERNÁN KAZAH

GABRIEL COLLA

MARCELO ROMCY

MercadoLibre.com Argentina

Infocorp Uruguay

Proteus Brazil

The eBay of Latin America

Online financial and telecom software service provider

Leading provider of network security services

Mike is Optima Energia’s leading advisor, mentoring them on an ongoing basis to define their business strategy, even attending company board meetings.

MENTORS ENTREPRENEURS* CEO & Co-Founder

*While only the CEO is listed, there may be more than one Endeavor Entrepreneur behind each company.

ALEMAH ÖZTÜRK Joanna gave Alemşah feedback on his gaming company, Grupanya.

41?29!

Turkey Top digital marketing agency

Fadi was instrumental to the launch of Endeavor Lebanon by providing introductions to future board members.

MENTORING / COLLABORATION

MENTORING & COLLABORATION

Global wireless networking provider & communications firm

After meeting BetaZeta at the 2009 ISP, Diego becomes one of their mentors. He later personally invests in their company.

FRANCISCO SANDOVAL

LAUNCH

LAUNCH

AirTies Turkey

KEVIN RYAN

VSP Capital | Founder & Managing Partner

RELATIONS:

BÜLENT ÇELEBI

INTRODUCED BY ENDEAVOR

ENDEAVOR CONNECTS & ACCELERATES HIGH-IMPACT ENTREPRENEURS

MENTORING / COLLABORATION

FEDERICO SEINELDIN OpenWare Argentina Developer of offshore-managed security services

TIM BROWN IDEO | CEO Endeavor Global Network Member USA

Hernán Kazah and Nicolas Szekasy, formerly of MercadoLibre.com, launched a $75M Venture Capital fund to support rising tech entrepreneurs.

Lynkos is a new technology venture founded by Gabriel Colla of Infocorp and Federico Cella of AIVA, who met through the Endeavor Network.

FEDERICO CELLA AIVA Uruguay Technology service supplier for investment and insurance companies

Fadi Ghandour helped Proteus gain market share in MENA by introducing the entrepreneurs to colleagues and using their services at his own company, Aramex.

ENRIQUE GOMEZ Optima Energia Mexico Leading energy savings company

28

ENDEAVOR IMPACT REPORT 2010–2011 IMPACTS & RESULTS

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ENDEAVOR IMPACT REPORT 2010–2011 IMPACTS & RESULTS

Entrepreneur Spotlight INDUSTRY BREAKDOWN OF ACTIVE ENDEAVOR COMPANIES

31%

CONSUMER GOODS & SERVICES

Endeavor Entrepreneurs

MARTIN ENRIQUEZ, GUSTAVO ARJONES & JUAN MANUEL DAMIA SOCIALMETRIX

DANIEL WJUNISKI & FERNANDO ORTENBLAD MINHAVIDA

RICARDO DUCH & OSCAR FUENZALIDA DOGGIS

Year Selected 2010 Country Argentina

Year Selected 2009 Country Brazil

Year Selected 2010 Country Chile

1%

ENERGY

HIGH-IMPACT IS

3%

FINANCE & INVESTMENT

8%

HEALTHCARE & LIFE SCIENCES

13%

MANUFACTURING

17%

PROFESSIONAL SERVICES

27%

TECHNOLOGY

creating a software that synthesizes information from 500,000 web sites daily.

Industry Internet

Revenue

+405%

$540,000

$107,000

2010

2011

Jobs

15%

FEMALE ENTREPRENEURS

8%

GREEN ENTREPRENEURS

+33%

16

Gustavo, Juan, and Martin have pioneered a technology that synthesizes millions of tweets, comments, and Internet chatter into intelligent marketing information. Clients use this data to make effective marketing decisions.

As the sole provider of these services in English, Spanish, and Portuguese, Socialmetrix has enjoyed rapid growth across South America-signing its first two dozen multinational companies as clients.

HIGH-IMPACT IS

Through Endeavor introductions and with Endeavor’s critical mentoring support, Socialmetrix recently attracted a high profile investment from a UKbased firm. Endeavor looks forward to continuing to support Martin, Gustavo, and Juan as they move closer to their goal of transforming Socialmetrix into the global standard in the social media management industry.

Revenue

providing 12 million users access to medical advice anywhere, anytime.

Industry Internet

+400% $3,000,000

2009

2011

Jobs

+86%

65

35

12

2009 2010

$12,000,000

2011

2011

In 2004, Daniel and Fernando saw the demand for online health and wellness information in their country and created the WebMD of Brazil.

MinhaVida, which began as a nutrition website and has expanded to address all health issues, provides instant access to a virtual library of more than 15,000 texts and guides written by physicians, medical associations and universities. With twelve million registered users and ten million hits per month, it has become the most popular health and wellness portal in Latin America and is well on its way to becoming Brazil’s most recognized health and wellness brand.

Through mentorship and introductions to lawyers and consultants, Endeavor Brazil has helped the Entrepreneurs refine their growth and financing strategy as well as build a strong organizational structure to support a larger workforce.

HIGH-IMPACT IS

feeding the masses through 130 franchises.

Industry Food & Beverage

Revenue

+29%

$47,550,000

$37,000,000

2010

2011

Jobs

+75%

2,100

1,200

2010

In 1989 Oscar and Ricardo opened a sandwich shop in a working class neighborhood of Santiago. Today, Doggis’ skateboarding hotdog mascot is in 150 locations in Chile. Doggis is Chile’s third largest fast food chain and the largest of five branded restaurants under Oscar and Ricardo’s holding company, Gastronomia y Negocios. One of their key strategies for success has been to scale through a franchise model—which has in turn empowered a new generation of entrepreneurs in their traditionally risk averse home country.

2011

Since selection, Endeavor has worked extensively with Doggis on their international expansion strategy. Having conquered Chile, Oscar and Ricardo are now ready, with Endeavor’s guidance, to take their fast food empire to the rest of Latin America.

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ENDEAVOR IMPACT REPORT 2010–2011 IMPACTS & RESULTS

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ENDEAVOR IMPACT REPORT 2010–2011 IMPACTS & RESULTS

Entrepreneur Spotlight

Endeavor Entrepreneurs

GIGLIOLA AYCARDI BATISTA & NICOLÁS LOAIZA GALEANO BODYTECH

AMR SHADY T.A. TELECOM

DR. AMJAD ARYAN PHARMACY 1

NADA DEBS NADA DEBS

Year Selected 2007 Country Colombia

Year Selected 2011 Country Egypt

Year Selected 2009 Country Jordan

Year Selected 2011 Country Lebanon

HIGH-IMPACT IS

getting Colombia’s fitness industry in shape through a $50 million health club brand.

Industry Health & Beauty

Revenue

+282%

$50,000,000

$13,100,000

2010

2011

Jobs

+30%

By integrating medicine, health, and fitness, BodyTech is “lifting” the health club standard across Latin America. In 1997, Gigiola and Nicolás wrote the business plan for BodyTech as their MBA thesis; fourteen years later, BodyTech’s 30 gyms in Colombia employ 1300 people, and the growth shows no sign of slowing.

With the support of an Endeavor BCG fellow and the Entrepreneurship and Competitiveness in Latin America Program (ECLA), the company is expanding throughout Latin America.

HIGH-IMPACT IS

In September 2011, BodyTech launched the first fitness-training institute in Colombia.

An Endeavor-provided Kellogg team wrote the Educational Institute’s strategic plan, and two Endeavor Colombia VentureCorps mentored Gigiola and Nicolás throughout the plan’s execution.

Jobs 49

keeping 10 million subscribers upto-date during a revolution.

Industry Telecom/ Mobile

Revenue $3,500,000

New!

As crowds gathered in Tahrir Square in early 2011, rapid access to information was critical.

A record number of Egyptians turned to their mobile phones and T.A. Telecom’s Content and Alerts Platform (CAP) for the latest news.

Over a decade ago, Amr pioneered his mobile technology with demographically-targeted, permission-based SMS advertising. Today he specializes in creating value for the cost-savvy prepaid mobile customer as well as capturing this value and generating revenues for mobile operators. With 10 million subscribers across all services and platforms in Egypt, United Arab Emirates, Saudi Arabia, Nigeria, and Afghanistan, the company is positioned to become MENA’s premier mobile platform for time- and locationspecific content.

HIGH-IMPACT IS

modernizing Jordanian health care, opening 53 pharmacies in ten years.

Industry Health & Beauty

Revenue

+122%

$42,200,000

1,000

2010

2011

HIGH-IMPACT IS

globalizing the work of 150+ Lebanese artisans.

Industry Personal & Household Goods

Revenue June 2010 - June 2011 $3,507,938 Jobs 37

$19,000,000 2009

2011

Jobs

+46%

510

1,300

Moving forward, Endeavor will provide support as the company scales and expands to different countries in the region.

Dr. Amjad Aryan has a clear goal: to turn his company Pharmacy 1 into the “CVS of the Middle East.” After working for CVS and acquiring a small chain of pharmacies in Miami, Amjad returned to Jordan, where he opened the first Pharmacy 1 branch in 2001. Amjad aims to introduce distinguished pharmaceutical health care to the region by focusing on customer service. Pharmacy 1 operates several 24-hour branches and offers valet service in areas where parking is limited. Today the company is the number one retail pharmacy chain in the country, with over 50 branches, and is the first regional pharmacy chain in the Middle East.

350

2009

2011

Amjad’s Endeavor Entrepreneur Advisory Board counseled him on his strategy for entering the Saudi market through the purchase of existing pharmacies. Endeavor also nominated Amjad for the Ernst & Young Jordan Entrepreneur of the Year award, which he won!

New!

Nada Debs has built an elite design brand manufactured by a network of 150 artisans in Lebanon. Her designs mix a zen-like simplicity, drawn from her childhood spent in Japan, with the aesthetic traditions of the Middle East.

In addition to her flagship stores in Beirut, Nada’s products can be purchased at top furniture stores worldwide, from New York to Dubai to Cairo. Her brand has been featured in over 120 magazines and newspapers, including the New York Times, Vogue, Monocle, and The Wall Street Journal.

Her designs decorate everything from the children’s rooms in the Jordanian Royal Palace to the Ministry of Foreign Affairs in Abu Dhabi.

Nada’s accessories were used as VIP gifts for the World Economic Forum.

Endeavor is working with Nada Debs to scale the business through a new management structure.

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ENDEAVOR IMPACT REPORT 2010–2011 IMPACTS & RESULTS

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ENDEAVOR IMPACT REPORT 2010–2011 IMPACTS & RESULTS

Entrepreneur Spotlight

Endeavor Entrepreneurs

ALFREDO SUÁREZ ALIBIO

CYNTHIA MKHOMBO MASANA HYGIENE SERVICES

CEM NUFUSI˙, NEVZAT AYDIN & MELIH ÖDEMI YEMEKSEPETI.COM

RAÚL POLAKOF SCANNTECH

Year Selected 2008 Country Mexico

Year Selected 2010 Country South Africa

Year Selected 2007 Country Turkey

Year Selected 2001 Country Uruguay

HIGH-IMPACT IS

cleaning up the world's waterways.

Industry Biotechnology

Revenue

+163% $7,369,700 $2,800,000

2008

2011

Motivated by the overuse of antibiotics in the agriculture industry and their impact on Mexico’s soil and water quality (not to mention on Mexicans’ health), Alfredo founded AliBio. The company is a pioneer in biotechnology, using microbes to organically treat wastewater and reduce chemicals used in the agriculture and aquaculture industries.

In a country where 80% of the land suffers from overuse and 79% of used water is untreated, AliBio is a leader in its field, working with 2000 strains of bacteria where most competitors work with only six to ten strains.

HIGH-IMPACT IS

empowering a 900+ underserved female workforce to succeed.

Industry Hospitality Services

Revenue

+117%

$5,848,857.14

Cynthia Mkhombo’s cleaning services company is sweeping away the competition: in seven years, Cynthia has scaled Masana’s workforce from 7 to 923 employees who earn up to 40% more than the hourly minimum wage for contract cleaners after two years with Masana.

In an industry where employees are often paid below the minimum wage and regarded as expendable, Cynthia focuses on helping her cleaners achieve their potential. In fact, four of Masana’s six operations managers started their careers with the company as cleaners.

HIGH-IMPACT IS

partnering with almost 5,000 restaurants to deliver more than 30,000 orders a day.

Industry Internet

Revenue

+433%

$8,000,000

$2,700,000

Jobs

+63% 65

40

2008

2011

Endeavor has helped Alfredo obtain funds to hire G2 Consulting and introduced him to mentors who have advised on international expansion and management strategy.

Alfredo hopes to fill a large gap in the microbe industry on a global scale. He has expanded to the United States and will soon expand to ten additional countries.

2010

2011

Jobs

+23% 923

752

2010

2011

In 2010, South Africa’s CEO Magazine named Cynthia one of the most influential women in business and professional services. Since selection, Endeavor has worked with Cynthia on a strategic growth plan to expand her reach in South Africa’s provinces, and has introduced her to potential mentors and clients.

Cem, Melih, and Nevzat are the gourmands behind Yemeksepeti, which provides customers with online access to almost 5,000 restaurants across the country.

In 2010, Yemeksepeti expanded internationally.

The Entrepreneurs launched izrestorana.ru, Russia’s first online food delivery site, partnering with more than 500 restaurants in Moscow and St. Petersburg, and foodonclick.com in Dubai, Sharjah and Abu Dhabi, with 500 partner restaurants. They aim to expand to 10 cities in Russia, as well as some other countries, and to reach 50 cities in Turkey by the end of 2011.

$1,500,000

2007

2011

Jobs

+291%

180

46 2007

2011

Endeavor has played a key role in Yemeksepeti.com’s international expansion and has assisted with fundraising and developing new services. The company has benefited from local mentoring and connections, as well as a number of Global programs. In 2010, Nevzat received CNBC-e’s “Most Successful Entrepreneur of the Year” award.

HIGH-IMPACT IS

serving as the middleman for 1500 groceries and Fortune 500 companies.

Industry IT, Software & Computer Services Revenue

+300%

$10,000,000

$2,500,000

2001

2011

Jobs

+180% 140

50 2001

2011

Raúl Polakof's company, Scanntech, is the middleman between independent grocers in Uruguay, service providers, and large consumer goods companies. Scanntech services all three groups: grocers receive promotions and inventory management solutions, while service providers and CPGs gain access to Scanntech’s ever-growing network of grocers. Raúl’s clients include high-profile names like Unilever, CocaCola, Kraft, and Visa, and, to date, 80% of Uruguay’s small-to-medium sized grocery stores have hired Scanntech to implement bar codes.

Raúl has worked with eMBA students, Ernst & Young fellows, and an Endeavor-built advisory board. After participating in Endeavor’s Mentor Capital Program, he raised capital from a Chilean fund to finance his expansion to Argentina.

Today, Raúl seeks to raise a second round of financing.

To do so, Endeavor has organized more than ten meetings with American and Brazilian Venture Capitalists.

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ENDEAVOR IMPACT REPORT 2010–2011 IMPACTS & RESULTS

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ENDEAVOR IMPACT REPORT 2010–2011 IMPACTS & RESULTS

Summit Roundup ENDEAVOR’S BIANNUAL CONFERENCE ON ENTREPRENEURSHIP was held

@ENDEAVOR_GLOBAL #ESUMMITSF

1,214 tweets using the Summit hashtag reached over 1.6 million people.

Speakers included:

in San Francisco in June 2011.

To be an entrepreneur you have to be crazy.

Embrace the crazy.

Linda Rottenberg Endeavor CEO at the 2011 Endeavor Entrepreneur Summit

REID HOFFMAN LinkedIn Executive Chairman & Cofounder

“Reid Hoffman: Entrepreneurship is jumping off a cliff and assembling an airplane on your way down.” #eSummitSF @janemetcalfe Jane Metcalfe Co-founder of Wired

SCOTT MCNEALY Sun Microsystems Co-Founder & Former CEO

“We couldn’t afford advertising. So I created noise, quotes, theatre and got remembered.” — Scott McNeally #eSummitSF @bussgang Jeff Bussgang Flybridge Capital Partners, General Partner

AWARDS Endeavor rolled out the red carpet to introduce the firstever Endeavor Awards!

Emerging Market Mentor of the Year: Nicolas Szekasy, Argentina Global Mentors of the Year: Wences Casares & Diego Piacentini

ATTENDANCE

173

MARC BENIOFF SalesForce.com Founder & CEO

“Today your brand is a real-time conversation.”

— M Benioff, CEO of SalesForce at #eSummitSF

The energy of the Endeavor network is contagious.

It’s clear that entrepreneurs leave events energized, inspired and connected.

Scott McNealy Sun Microsystems Co-Founder & Former CEO

@bchen Brian Chen Endeavor Global Staff

Endeavor Entrepreneurs

93 Speakers

Endeavor Entrepreneur of 2011: Juan Carlos de la Llera, Sirve, Chile Highest Percentage of New Jobs Created in 2010: Atakama Labs, Chile Most New Jobs Created in 2010 & Most New Revenue Created in 2010: Globant, Argentina Fastest-Growing Company of 2010: Daniel Espinosa Studio, Mexico “Rookie of the Year” — Fastest-Growing Company Selected in 2010: Keepcon, Argentina

500+ Attendees

23 Sponsors

JOSH SILVERMAN American Express President, U.S. Consumer Services

“As CEO my job is to show conviction and direction, You don’t have the luxury to have a bad day at the job.” — Josh Silverman at #eSummitSF

223

@DrMorganGuerra Morgan Guerra Endeavor Entrepreneur

Global Connections

39 Hands-On Breakout Sessions PRESS Coverage ran in Forbes, Fast Company, and The San Francisco Chronicle.

BING GORDON Kleiner Perkins Caufield & Byers Partner

“Your job as CEO is to be the fastest person of the company.” — Bing Gordon #eSummitSF

BEN STANFIELD

Veuve Clicquot High-Impact Female Entrepreneur of the Year: Leila Velez, Beleza Natural, Brazil

@EndeavorUruguay Endeavor Uruguay

“Best thing about the @endeavor_global people & entrepreneurs is that in addition to making impact, we also know how to have fun.” #eSummitSF @batmelon Mariano Suarez Battan Endeavor Entrepreneur, Three Melons

ENDEAVOR IMPACT REPORT 2010–2011

36

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ENDEAVOR IMPACT REPORT 2010–2011

Like any great philanthropic program, Endeavor is run and managed like a business, with business objectives, qualified members, and supportive partners.

NETWORK & FINANCIALS

Michael Dell Dell Founder & CEO Dell is Endeavor’s premier computer hardware technology sponsor, providing technology and social media support for Endeavor events, as well as networking opportunities for entrepreneurs with Dell executives.

FLICKR: NCCARF

Endeavor Entrepreneur Summit, June 2011

Argentina Brazil Chile Colombia Egypt Jordan Lebanon Mexico South Africa Turkey Uruguay

London International Selection Panel, May 2011

FLICKR: BTDEVIL

Global

Daniel Espinosa Studio, Mexico

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ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

39

ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

Argentina

MICAEL LUÃ BERGAMASCHI

In 2010, Endeavor Argentina held 156 training/educational seminars that were attended by 4,900 people.

ENTREPRENEURS Gabriel Hornstein AM Clean

Luis Navas Conexia

Martín Méndez AMTEC / NEORIS

Sebastián Letemendia Conexia

Cristian Adamo Archpartners

Adolfo Rouillon Congelados del Sur

Francisco Coronel Archpartners

Francisco Mackinlay CongelArg

Maximiliano Guerra ex Archpartners

Jonatan Altszul CORE

Javier Boustani Arcos Rodantes

Susana Balbo Dominio del Plata

Pablo Gotelli Arcos Rodantes

Esteban Brenman Dos Monos

Claudio López Silva Asignet

Gian Muraglia ex DPS Automation

Andy Freire Axialent

Claudio Marangoni Escuela Modelo de Futbol

Gustavo Vorobechik Bibliografika

Alejandro Belaga Finca Pilar

Diego Vorobechik Bibliografika

Diego Radicella Finca Pilar

Jaime Bortz Biocientífica

Diqui James Fuerza Bruta

Claudio Bedoya BioScience

Alejandro Larosa FyO

Wenceslao Casares Bling Nation

Guibert Englebienne Globant

Gabriel Nazar Cardon

Martín Migoya Globant

Guillermo Marchionni Computación CEICOM

Néstor Nocetti Globant

Entrepreneurs donating cash and/or equity

Martín Umaran Globant

Francisco Murray Paez

Diego Noriega Grupo-e

Tomás Pando Paez

Alejandro Frenkel Grupo Fën

Francisco Piasentini Paez

Patricio Fuks Grupo Fën

Miguel Sampedro ex Patagonia Natural Products

Anne Marie Richard Grupo S&N

Frank Vera Pop-Vision

Eduardo Bruchou HSM

Esteban Wolf Progen

Nelson Duboscq HSM

Norberto Loizeau Promored

Inés Berton Intizen/Chamana

Felipe Ayllon Quinta Fresca

Guillermo Casarotti Intizen/Chamana

Fátima Rizzo Sepia

Abel Matías Rozenfarb Keepcon

Andrés Alterini Smowtion

Margarita Carlés LAB

Mariano Elizari Smowtion

Beltrán Laxague Lavandas de las Sierras

Santiago Pinto Escalier Smowtion

Banco Hipotecario

Leony Staudt Lavandas de las Sierras

Gustavo Arjones Social Metrix

Credit Suisse (Argentina) S.A.

Adrián Le Pera LeadToRealty

Martín Enriquez Social Metrix

Ernst & Young

Alex Limeres LeadToRealty

Juan Manuel Damia Social Metrix

Gobierno de la Ciudad de Buenos Aires

Julio H. Made Lenor

Germán Pugliese Technisys

Gobierno de la Provincia de Chubut

Laura Gall Lihue Expeditions

STAFF Gabriela Macagni Incoming Managing Director Alejandro Mashad Outgoing Managing Director Fiorella Alberti Administration Celia Alfie Entrepreneur Services Micaela Bacher Special Projects María Julia Bearzi Institutional Development Shirly Kalush Search & Selection

FINANCIALS

Renaud Pellet Entrepreneur Services

STATEMENT OF FINANCIAL POSITION (December 31, 2010 in $USD)

Ignacio Piccinini Administration

ASSETS

Nicolás Ramos Endeavor Cordoba Regional Director

Current Assets Cash Other Assets Total Current Assets Non-Current assets Fixed Assets Other Assets Total Non-Current Assets TOTAL ASSETS

María José Soler Endeavor Rosario Regional Director Tomás Timistit Communications Belén Alvarez Toledo Marketing and Events

Liabilities & Net Book Worth Current Liabilities Other Liabilities Total Liabilities Net Worth TOTAL LIABILITIES & NET BOOK WORTH

PARTNERS Banco Galicia The Boston Consulting Group

Inter-American Development Bank / The Multilateral Investment Fund (IDB/MIF) IRSA

REVENUES

La Red Innova

Miguel Santos Technisys

Revenue for General Purposes Benefactor Donations Entrepreneurial Donations Corporate Sponsorships Fomin-BID Revenue for Specific Purposes Other Income TOTAL REVENUES

Santiago Aranda Lixis

Armando Mann Tecnonexo

EXPENSES

Felipe Llach Lixis

Santiago Subotovsky Tecnonexo

Martín Bonadeo MaqTec

Jorge Finkielsztajn Tensocable

Jose Mourelle MaqTec

Patricio Jutard Three Melons

Diego Cheja Medix

Mariano Suárez Battán Three Melons

Jack Cheja Medix

Martín Churba Tramando

Marcos Galperín MercadoLibre.com

Jessica Trosman Trosman

Hernán Kazah MercadoLibre.com

Miguel Ángel Lagrutta Ultracongelados Rosario

Lucio Torre MoviLogic

Luciano Nicora V/N Business Process Outsourcing

Santiago Bilinkis Officenet Pichon Baldinu Ojalá Federico Seineldin Openware

Lidia María Riba V & R Editorial Trini Vergara V & R Editorial Patricio Miranda Zott Producciones Rodolfo Montes de Oca Zott Producciones

142,115 325,473 467,587 8,013 2,660 10,673 478,261

LIABILITIES & NET BOOK WORTH

La Nacion S.A.

Fernando De Las Carreras Nervous Waters

US$

Globant

Municipalidad de Comodoro Rivadavia PriceWaterhouseCoopers

Search & Selection Entrepreneur Services Institutional Development Education Seminars Special Projects Endeavor Córdoba Endeavor Rosario General Administration & Operations Formin-BID Depreciation TOTAL EXPENSES Financial Expenses NET INCOME

OFFICES: BUENOS AIRES (1998) Endeavor main office ROSARIO (2008) CÓRDOBA (2007) Regional offices ENDEAVOR ARGENTINA company Keepcon was the fastest-growing company selected by Endeavor in 2010.

’98 ’08 ’07

47,602 85,687 133,289 344,972 478,261

157,931 126,295 159,212 79,521 350,360 873,319

41,794 95,780 76,152 87,339 19,895 41,754 33,840 99,622 84,430 12,682 593,288 (4,770) 275,260

A complete set of the audited financial statements by PriceWaterhouseCoopers for the fiscal year ending December 31, 2010 can be obtained by sending a written request to Endeavor Argentina, Arenales 1999 7° B

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ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

41

ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

Brazil ENTREPRENEURS

Pierre Silveira Nano Endoluminal

Eduardo Ourivio Spoleto

Pamella Gonçalves Entrepreneur Services

Amisha Miller Research & Outreach

Tiago Moura Mendonça ABC

Ilana Braun Dermage

Tohoru Watari Nefrocare

Arnold Eugenio Subway Link

Marcelo Guimarães Entrepreneur Services

Clarisse Monteiro Entrepreneur Services

Ismael Akiyama Akiyama

Lisabeth Braun Dermage

Clair Bizzo Pietra

Luiz Chacon SuperBAC

Natasha Hazan Regional Coordinator

Verônica Mussi dos Santos Education Outreach

Roberto Alcântara Angelus

Walter Braun Dermage

José Luiz Vaz Pietra

Helio Katanosaka Tech4b

Sofia Hernandez Search & Selection

Jocelaine Rodrigues Administration

Sônia Madi Alcântara Angelus

Roberto El Ibrahim Diagnóstika

Alexandre Luis Pigatto Pigatto

Luiz Roberto Werner Wolf Tech4b

Leandro Herrera Digital Outreach

Stella Roncato Culture Outreach

Patrick Lisbona Aorta

Filadelfio Venco Diagnóstika

Daniel Li Pixel Labs

Cristino Buerger Tecnoblu

Juliano Seabra Outreach Director

Antonio Carlos Soares Aorta

Lito Rodriguez Drywash

Edgard Ortiz Pixel Labs

Edmur Polli Tecnoblu

Karen Kanaan Marketing & Institutional Relations Director

Gustavo Ziller Aorta

Jose Pires Enox

Wilson Poit Poit Energia

Valério Dornelles Tecno Logys

Alexandre Pi Farias APPI Tecnologia

Ernesto Villela Enox

José Rizzo Pollux

Bento Koike Tecsis

Guilherme Bruno Arizona

Severino Felix da Silva Escola 24 Hoas

Ricardo Nantes Portal Educação

Marcos Buratini Vivere

Francesca Romana Diana Francesca Romana Diana

André Rezende Prática

Tomaz Adour

Marcus Hadade Arizona

Carla Lucho Gigalink

Luiz Rezende Prática

Alexandre de Botton

Heloísa Helena Assis Beleza Natural

Osvaldo Lucho Jr Gigalink

Mark Barcinski Propay

Andre Fonseca

Luciana Guimarães Íntegra Medical

João Mendes Proteus

Vanessa Vazquez Íntegra Medical

Marcelo Romcy Proteus

Leila Velez Beleza Natural

Antônio Gissi Jr Kimberlit

Andre Figueiredo Publit

Luis Alexandre Chicani Bencorp

Arnaldo Goldemberg LAN Designers

Edivan Costa SEDI

Maristela Mafei Máquina da Notícia

Églima Rodrigues SEDI

Alan James Biruta Mídias Mirabolantes

Breno Praça Mastermaq

Mario Chady Spoleto

Rafael Liporace Biruta Mídias Mirabolantes

Carlos Alberto Tamm Mastermaq

Matheus Meirelles Biruta Mídias Mirabolantes

Ivan Barchese Mextra

Eliane dos Santos BS Construtora

Fernando Ortenblad Minha Vida

Sidnei dos Santos BS Construtora

Daniel Wjuniski Minha Vida

Expedito Arena Casa do Construtor

Rafael Duton Movile

Altino Cristofoletti Casa do Construtor

Marcelo Sales Movile

Pedro Chiamulera Clearsale

Jose Dellagnelo Nano Endoluminal

Bernardo Lustosa Clearsale

Nikolau Geisthovel Nano Endoluminal

Rodrigo Azevedo Comunique-se

Luciano Moreira Nano Endoluminal

Ailton Queiroga Compsis

Ricardo Peres Nano Endoluminal

Alexandre Hadade Arizona

Rogério Assis Beleza Natural Jair Conde Beleza Natural

Romulo Groisman Biruta Mídias Mirabolantes

Entrepreneurs donating cash and/or equity

Eduardo Bernardes

Camila Key Entrepreneur Services Vanessa Liebl Culture Outreach Leonardo Frade Maciel Regional Coordinator Luiz Guilherme Manzano Search & Selection Lucas Melman Operations Director

Renato Hauptmann Thiago Magre Venco Marcelo Salim Aurimar Santana Cerqueira Wanderley Schimidt Campos Penido Stahlberg Filho Jaime Teig Agostinho Villela

Daniela Chimento Administration

Oliver Alexander Digital Outreach

Letícia Cruvinel Entrepreneur Services

Antonio Amaral Entrepreneur Services

Julia Daniel Culture Outreach

Fernanda Antunes Entrepreneur Services

Lidia dos Santos Marketing & Events

Anabelle Bicalho Culture Outreach

Felipe Fabris Digital Outreach

Carolina Bicalho Search & Selection

Ana Luiza Gonçalves Ferreira Regional Coordinator

Isabella Botelho Search & Selection

Suelen Freitas Administration

Renata Chilvarquer Education Outreach

Maria Juliana Giraldo Culture Outreach

Guilherme Mateus Suedekum Research & Outreach

Current Assets Cash and Cash Equivalents Securities and Securities Accounts Receivable Other Assets Total Current Assets Non-Current Assets Judicial Deposits Fixed Assets Total Non-Current Assets TOTAL ASSETS

Illan Sztejnman Search & Selection

LIABILITIES & NET BOOK WORTH

Marcos Simões Entrepreneur Services Elaine Souza Administration

Liabilities & Net Book Worth Provision for Vacation Pay Taxes Payable Other Payables TOTAL LIABILITIES

Giuliana Viviani Education Outreach

FIEP

2XS

FIRJAN

AKNA

FNQ

ASAP

Fundação Dom Cabral

BI International Cia de Idiomas DBM Brasil DMRH

US$ 53,962 3,213,928 110,241 2,807 3,380,938 42,717 957 43,674 3,424,612

114,334 26,324 8,434 149,092

RETAINED EARNINGS

2GET

Ernst & Young Terco

Rodrigo Teles Managing Director

ASSETS

PARTNERS

Easy Films

STAFF

STATEMENT OF FINANCIAL POSITION (December 31, 2010 in $USD)

Rodolfo Zhouri Regional Coordinator

Guido Dellagnelo Paula Hauptmann

FINANCIALS

Grupo ABC Heartman House IBMEC MG

Máquina da Notícia MBA Empresarial Metrópole Exprexx

Retained Earnings at the Beginning of the Year Change in Retained Earnings Retained Earnings TOTAL LIABILITIES & NET BOOK WORTH

Sciere Só marcas Soap

2,727,614 547,907 3,275,520 3,424,612

Social Metrix Subway link

Nova Master

TAM

NQM Comunicação

TOTVS

STATEMENT OF INCOME & EXPENSES (December 31, 2010 in $USD) REVENUES

UM%

ICTS

Organizações Globo

Insper

PwC

Viralata

Integration

SalibyRH

Virid

Corporate Donations ABDI Partnership Revenue SEBRAE Partnership Revenue Other Revenues TOTAL REVENUES

V2V

3,088,057 30,138 186,450 286,638 3,591,483

EXPENSES

OFFICES: SÃO PAULO (2000) Endeavor main office RIO DE JANEIRO (2005) PARANÁ (2010) MINAS GERAIS (2010) PERNAMBUCO (2011) Regional offices

’00 ’05 ’10 ’10 ’11

Program Expenses Administrative Costs Other Expenses TOTAL EXPENSES Finance Revenue (Expense) NET INCOME

3,036,214 287,054 1,021 3,324,289 280,713 547,907

A complete set of the audited financial statements by KPMG for the fiscal year ending December 31, 2010 can be obtained by sending a written request to: Instituto Emprendeer Endeavor Brasil, Rua Quatá, 300 - 4o anadar, 04546-042 Vila Olimpia, Sãu Paulo, SP, Brazil

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ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

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ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

Chile Twenty-nine Chilean Endeavor Entrepreneurs have started a second company since selection, and 33 have advised or invested in other Chilean Endeavor Entrepreneur companies.

Rodrigo Marambio Maraseed

Andrés Turski Quick Deli; Grupo Sport Café

PARTNERS

Víctor Bórquez Max Service

José Manuel Horwitz Rahue

3M

Fundación País Digital

Mariano Pola Micrologica

Patricia Cuevas SOCOMAL

Accion Emprendedora

Global Entrepreneurship Monitor

AFP Habitat

Harvard University

STATEMENT OF FINANCIAL POSITION (December 31, 2010 in $USD)

Francisco Seguel Mundo Marino; Life Gourmet

Juan Carlos de la Llera SIRVE

AMCHAM CHILE

ICARE

ASSETS

Aqua.cl

IESE

Loreto Seguel Mundo Marino; La Bocatta

Abishai Rovner SKM Seaprende; Bercia

AVINA

InnovaChile CORFO

Banco de Chile

Inter-American Development Bank

Current Assets Cash Marketable Securities Accounts Receivable Recoverable Taxes Other Assets Total Current Assets Fixed assets Computer Equipment Furniture and Equipment Computer Systems Computer Licenses Accumulated Depreciation Total Non-Current Assets Other Assets TOTAL ASSETS

Oskar Hjertonsson Needish; Clan Descuento / Groupon Latam Daniel Undurraga Needish; Clan Descuento / Groupon Latam

ENTREPRENEURS

Isabella Jaras Nutra Bien

Pamela Chávez Aguamarina

José Manuel Barros Colegium

Jorge Nazer ALTO

Ariel Gringaus Colegium

Michelle Boisier Araucanía Yarns

Christian Cortés CORBAC Foods

Manuel Aravena ASCON

Geraldine Mlynarz DIAGNOTEC

Juan Pablo Salas ASCON

Ana María Sandino DIAGNOTEC

Tiburcio de la Cárcova Atakama Labs

Ricardo Duch Doggis

Esteban Sosnik Atakama Labs

Oscar Fuenzalida Doggis

Juan Eduardo Neuenschwander Autobahn

Rolando Carmona Drillco Tools

Santiago Muzzo Bazuca.com Leo Prieto Betazeta

Iván Báez EMAN Nicolás Barry Gemelo Storage Solutions

Patricio Jaras Nutra Bien Karina von Baer OLEOTOP Jorge Pacheco OXXEAN David Assael Plataforma Networks David Basulto Plataforma Networks Luis Vera Prospect; SCOPIX Andrés Rivero Quick Deli

Julie McPherson Tiaxa

Alan Farcas Managing Director

Francisco Sandoval Betazeta Fernanda Maturana Bolsas Reutilizables

Alvaro Ananías GENESYS

Pablo Maturana Bolsas Reutilizables

Javier Donoso GEOMAR

Ignacio Idalsoaga BuinZoo

Daniel Daccarett Globe; PRODUCTO PROTEGIDO

Boris Kraizel Buscalibre

Mario Araya KIBERNUM

Eduardo Stekel Buscalibre

Steven Cohn KITCORP

Ricardo Wurgaft Buscalibre

Italo Contenla KITCORP

Greg Barton Business News Americas

Nicolás Lipthay KITCORP

Félix Brunatto Chocolates Brunatto

Alberto Gana Latitud 90

Miguel Fuentes Araucanía Endeavor Patagonia

Cristóbal Camino Chocolates Brunatto; INNOBANK

Felipe Howard Latitud 90

Romina Fuenzalida Finance & Administration

Erik Torreiter Colaboración Virtual

Pilar Marambio Maraseed

Patricia Gallardo Marketing & Outreach

Karol Angulo Administrative Assistant Ben Bell PiLA Fellow, 2011–2012, Endeavor Patagonia

Kellogg School of Management

Cámara de Comercio de Santiago

La Tercera

Felipe Hurtado Trabajando.com

ChileEmprendedoras

Juan Pablo Swett Trabajando.com Alfonso Gómez Unlimited; Virtualia; Multiverso

Claro Chile CNN Chile Columbia Business School COPESA

Rodrigo Jordan VERTICAL

Corporación Desarrollo Productivo Regíon Antofagasta

Matías Errázuriz Wetland; Genera4

CREDIT SUISSE

Edmundo Ganter Wetland

Diario Austral Diario Financiero

Microsoft Ministerio de Economía Ministerio de Hacienda Mujeres Empresarias Philippi Yarrázaval, PulidoBrunner Princeton University REELA, Stanford University

LIABILITIES & NET BOOK WORTH

Revista Capital

Liabilities & net book worth Projects Due to Suppliers Social Security & Taxes Payable Provisions Payable Other Liabilities Total Liabilities Paid In Capital Revaluation of Capital Accumulated Gains (Losses) Net Income (Loss) in 2010 Equity TOTAL LIABILITIES & NET BOOK WORTH

Revista City Sloan, Stanford University

Olivier Paccot WOODTECH

Diario Llanquihue

Michael Yorston WOODTECH

Enjoy

The Massachusetts Institute of Technology (MIT)

Ernst & Young

TVN

Extend Comunicaciones

Un Techo para Chile

FerradaNehme

Universidad Adolfo Ibañez

FIRST TUESDAY

Universidad Católica de Chile

FORO INNOVACIÓN

Universidad del Desarrollo

FUNDACION CHILE

Universidad de Chile

Mai Ann Healy PiLA Fellow, 2010–2011 Endeavor Patagonia

El Mercurio

SOFOFA

Universidad Federico Santa María

Janine Kacprzak Education, Endeavor Patagonia Anette Krohn Operations José Manuel Correa Endeavor Atacama

Verónica Burgos Project Manager

Florence Martin Entrepreneur Services

Camila Cangas Search & Selection

Laura Marrin PiLAFellow, 2011–2012 Endeavor Santiago

Roxane Castelein ChileVentures

Kauffman Foundation

Felipe Valdés Tiaxa

Christian Boada Endeavor Patagonia

Macarena Carrió Education

Banco Interamericano de Desarrollo — MIF Fomin The Boston Consulting Group

STAFF

Sergio López Gemelo Storage Solutions; Intelliholding; ProactiveOffice

Entrepreneurs donating cash and/or equity

Max Grekin SKM Seaprende

FINANCIALS

Dobromir Parushev ChileVentures Endeavor Atacama Mariana Poblete Bío Bío Endeavor Patagonia Angeles Romo Entrepreneur Services

OFFICES:

ATACAMA: ANTOFAGASTA (2011) Regional office

439,434 233,236 139,615 5,907 449 818,642 99,856 24,156 5,631 2,264 (120,124) 11,783 24,291 854,716

423,134 14,566 12,322 6,750 691 457,462 795,447 107,320 (501,543) (3,970) 397,254 854,716

REVENUES Board/Advisory Contributions Individual Donations Projects (BID & CORFO) Interest Income Other Revenues TOTAL REVENUES

520,420 106,221 436,293 2,599 23 1,065,557

EXPENSES

SANTIAGO (1998) Endeavor main office PATAGONIA: PUERTO VARAS (2008) CONCEPCIÓN (2010) TEMUCO (2010) Regional offices

US$

’98 ’11 ’08 ’10 ’10

Events Travel Lodging Personnel Professional Fees Other Costs TOTAL EXPENSES Financial Expenses NET INCOME

114,436 60,353 20,146 307,646 337,689 228,996 1,069,265 (7,678) 3,970

A complete set of the audited financial statements by Deloitte Chile for the fiscal year ending December 31, 2010 can be obtained by sending a written request to: Endeavor Chile, Hernandode Aguirre 201, Ofic. 1002 Providencia, Santiago, Chile

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ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

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ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

Colombia FINANCIALS

ANGÉLICA DIAZ

In a partnership with the National Entrepreneurship Network, led by Colombia’s Ministry of Commerce, Industry and Tourism, Endeavor Colombia promotes high-impact entrepreneurship throughout the country.

STAFF

ENTREPRENEURS Gigliola Aycardi Bodytech

Diego Diaz del Castillo Oruga

Gaia de Dominicis Managing Director

Camila Pradilla Communications

Nicolás Loaiza Bodytech

Pedro Tosín Oruga

Jaime Bastidas Entrepreneur Services

Oriana Torres Fundraising

Andrés Angulo Campo Alto

Martin Schrimpff Pagos Online

Janneth Castañeda Administration

Daniel Uribe Selection & Services

Álvaro Hoffman Campo Alto

Jose Vélez Pagos Online

Juliana Gálvez Selection & Services

Camilo Vidales Entrepreneur Services

Hugo Novoa Campo Alto

Kenneth Mendiwelson Refinancia S.A

Camila Lecaros Entrepreneur Services

Andrés Calderón Dynamo

Carlos Parada ServInformación

Cristian Conti Dynamo

Mónica Patiño ServInformación

Rodrigo Guerrero Dynamo

Ximena Patiño ServInformación

Brigard & Castro

Horwath

Diego Ramírez Dynamo

Fabio Velásquez SFA Cebar

Brigard & Urrutia

Katharsis

Cárdenas & Cárdenas

Korn Ferry

Nicolás Cock Ecoflora

Ricardo Leyva Sistole

Ernst & Young

Kroll

Mauricio Ángel Ideagro

Jorge Cardona Tes America

Lilian Simbaqueba Lisim

Daniel Rosas Tes America

Esperanza Morales LST

Carlos Londoño TVG S.A

Felipe Vergara Lumni Entrepreneurs donating cash and/or equity

Andrés Echavarria Grupo Corona Board of Directors Endeavor Colombia Chairman

PARTNERS

FTI

Endeavor has consolidated its position in our country as a true promoter of HighImpact Entrepreneurship.

Our office is not only setting the standard through its Entrepreneurs, but it’s also actively leading national initiatives that aim to improve the entrepreneurship environment.

STATEMENT OF FINANCIAL POSITION (December 31, 2010 in $USD) ASSETS Current Assets Cash & Cash Equivilants Accounts Receivable Total Current Assets Property, Plant & Equipment TOTAL ASSETS

US$ 113,823 6,386 120,209 14,670 134,879

LIABILITIES & NET WORTH Accounts Payable Taxes Payable Salaries/Vacation Payable Other Liabilities Total Liabilities Net Worth TOTAL LIABILITIES & NET BOOK WORTH

21,210 5,489 15,999 31,312 74,010 60,869 134,879

REVENUES Individiual Donations Training Revenues Consulting Revenues Interest Income Other Revenues TOTAL REVENUES

373,229 111,963 384 354 793 486,723

EXPENSES Personnel Expenses Consultants Miscellaneous Leases Services Travel Depreciation Expense Taxes Maintenence/Repairs Insurance Utilities Legal Costs Other Non-Operating Expenses TOTAL EXPENSES NET INCOME

274,802 64,616 15,910 17,463 14,698 10,554 4,465 3,264 2,219 971 213 938 1,212 411,325 75,398

A complete set of the audited financial statements by Ernst & Young for the fiscal year ending December 31, 2010 can be obtained by sending a written request to: Endeavor Colombia, Cale 67 No. 7-94, Oficina 604, Bogota D.F. Colombia

OFFICES: BOGOTA (2006) Endeavor main office

’06

46

ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

47

ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

Egypt FINANCIALS

During the revolution, Endeavor’s office in Cairo stayed open and continued servicing entrepreneurs! Shortly after the revolution, three Egyptian candidates became Endeavor Entrepreneurs at the March 2011 International Selection Panel in Mexico City.

I’d like to see Endeavor select hundreds of companies out of areas as remote as it gets, even the countryside, even in villages. I believe that there is an entrepreneur everywhere.

I believe in that.

STATEMENT OF FINANCIAL POSITION (December 31, 2010 in $USD) ASSETS Current Assets Cash & Cash Equivalents Other Current Assets Total Current Assets Fixed Assets TOTAL ASSETS

US$ 104,220 1,795 106,015 19,470 125,485

LIABILITIES & NET ASSETS Current Liabilities Accounts Payable Other Current Liabilities Total Current Liabilities

27,361 86,977 114,338

NET WORTH Net Worth at the Beginning Net Income Total Net Worth TOTAL LIABILITIES & NET WORTH

190,530 (179,383) 11,147 125,485

STATEMENT OF INCOME & EXPENSES (December 31, 2010 in $USD)

GARY DENHAM

REVENUES

STAFF

ENTREPRENEURS Fatma Ghaly Azza Fahmy Jewelry

Tarek Khaddaj El Matbakh

Heba Ali Search & Selection

Chantal Sabbagh Search & Selection

Basel Mashhour The Bakery Shop

Omar El Sanhoury E-Masary

Salma Salem Marketing & Communication

Tarek El Nazer The Bakery Shop

Moatasem Osam E-Masary

Ahmed El Bedawy Acting Managing Director & Entrepreneur Services

Sameh El Sadat The Bakery Shop

Ahmed Hindawi Hindawi

Omar Fathy Divine Worx

Khaled Ismail SySDSoft

Hind Wassef Diwan Bookstore

Amr Shady T.A. Telecom

Nadia Wassef Diwan Bookstore

Mostafa Hafez Timeline Interactive

Hiba Jammal El Matbakh

Ahmed Metwally Timeline Interactive

Entrepreneurs donating cash and/or equity

Board Grants Events, Programs & Other Revenues TOTAL REVENUES

Khaled Ismail Intel Mobile Communications Managing Director SySDSoft Founder Endeavor Egypt Chairman

EXPENSES Personnel Programs Admin Expenses Total Expenses CHANGE IN NET ASSETS

CAIRO (2008)

PARTNERS Abraaj Capital

The Daily News (Newspaper)

American Chamber for Commerce

Deloitte & Touche IIE

ENDEAVOR EGYPT hosted the kick-off of LIFT-OFF, an initiative aiming to promote entrepreneurship amongst North African youth. Over 400 people participated.

173,879 76,771 127,394 378,044 (179,383)

A complete set of the audited financial statements

by Deloitte for the fiscal year ending December 31, 2010 can be obtained by sending a written request to: Endeavor Egypt 22 Kamal El Tawil St., Zamalek, Cairo 11211, Egypt

OFFICES:

Mahmoud Gad Finance

118,966 28,314 51,382 198,661

’08

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ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

Jordan

49

ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

Lebanon FINANCIALS

Since 2008, Endeavor has selected 19 Jordanian entrepreneurs from 12 companies. They generated $71M+ in revenues in 2010 and created more than 1,000 jobs.

STATEMENT OF FINANCIAL POSITION (December 31, 2010 in $USD) ASSETS Current Assets Cash & Cash Equivilants Accounts Receivable Other Current Assets Total Current Assets Net Fixed Assets TOTAL ASSETS

US$ 10,252 86,733 0 96,986 12,024 109,010

2011 marked the beginning of a new era in Lebanese entrepreneurship. Within five months, Endeavor Lebanon introduced three entrepreneurs to the network and will bring several more to International Selection Panels in the coming months.

Accounts Payable Total Liabilities

11,587 11,587 ROBA AL-ASSI

FLICKR: PENELOPES

LIABILITIES & NET WORTH

NET WORTH Net Worth TOTAL LIABILITIES & NET WORTH

97,423 109,010

REVENUES

ENTREPRENEURS Mohamad Haj Hasan Akhtaboot

Laith Zraikat Jeeran

Yousef Shamoun Akhtaboot

Hassan Atmeh KeenWash

Widad Akrouk Al-Masar

Moutaz Atmeh KeenWash

Fadi Al-Atrash Amman Pharmaceutical Industries

Nader Atmeh KeenWash

Amin Amin CADER Thabet Al-Nabulsi Challenger Team Imad Malhas IrisGuard Mansour Mansour Javna Omar Koudsi Jeeran

Ramzi Halaby Modern Media Zafer Younes Modern Media Amjad Aryan Pharmacy 1 Firas Al-Otaibi Think Arabia

Board Contributions Other Donations TOTAL REVENUES

319,226 5,573 324,798

EXPENSES Personnel Office Expenses Travel Other Depreciation TOTAL EXPENSES NET INCOME (LOSS)

259,310 21,711 24,719 (701) 2,760 307,800 16,999

A complete set of the audited financial statements by Talal Abu-Ghazaleh & Co. International for the fiscal year ending December 31, 2010 can be obtained by sending a written request to: Endeavor Jordan, 7Dhirar Bin Al-Azwar Street Jabal Al-Luweibdeh, Amman, Jordan.

Mohammed Asfour Think Arabia Wael Attili Think Arabia

OFFICES:

Ismail Al-Atrash Portfolio Manager Tamer Al-Salah Search & Selection

Catherine Halaby Entrepreneur Services Manager

Entrepreneur Give-Back in Jordan will begin in 2012.

Nada Debs Nada Debs

Marc Dfouni Eastline Marketing

STAFF Tarek Sadi Managing Director

Desiree El-Chebeir Entrepreneur Services Manager

Endeavor gives entrepreneurs an ecosystem in which they can flourish.

OFFICES:

ENDEAVOR LEBANON seeks to create jobs and opportunities, as studies have concluded that youth unemployment in Lebanon is four times greater than adult unemployement.

AMMAN (2008)

Rayan Ghosheh Marketing & Communications Manager

Nemr Badine Eastline Marketing

BEIRUT (2011)

STAFF Carmen Saad Managing Director

ENTREPRENEURS

ENDEAVOR JORDAN is a founding member of the Start.Alliance, a consortium of entrepreneurship-support organizations operating in Jordan that are working together to catalyze the growth of the entrepreneurial ecosystem in the Kingdom.

’08

Fares Fares Wedge Alternatives Chairman & CEO Endeavor Lebanon Chairman ’11

Upon the issuance of this Impact Report, Endeavor Lebanon had not yet completed its first fiscal year.

In 2012, Endeavor Lebanon will conduct its first annual audit, a requirement of all Endeavor affiliate offices.

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ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

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ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

Mexico Endeavor Mexico worked with the Federal Government to design “Mercado de Deuda para Empresas,” a program that supports Entrepreneurs through the Initial Public Offering process by giving grants worth $1,000,000 USD per company.

ENTREPRENEURS Juan Manuel Alvarado Acento Mexicano

Javier Arredondo Editorial Mapas

Alfredo Suárez AliBio

Guillermo Osorno Editorial Mapas

Carlos Marín Alltournative

Jorge Camil Enova

Víctor Calderón Arccanto

Moís Cherem Enova

Arturo Merino Arccanto

Raúl Maldonado Enova

Enrique Ramón La Artesa

Ezequiel Farca Ezequiel Farca

Marisol Alfaro Hernández L´Atelier du Chocolat

Patrick Struebi Fairtrasa

Martha Debayle BBMundo

Heriberto Acosta Farmatel

Pablo González Cid Café Punta del Cielo

Joaquín Matienzo I. Fullsand

Alejandro Villalón Capital Gain Intelligence

Jorge González Gasque G2 Consultores

Dan Schwarzblat Chilim Balam

Armando Tortoledo Gruindag

José Ignacio Irigoyen Cinemagic

Pedro Zarur Gruindag

Patrick Vidal Ingenia Muebles

Enrique Gómez Junco Óptima Energia

Patricia Gameros Institutional Relationships, Puebla

Eduardo Graniello Intellego

Vicente Fenoll Algorta Peek-Tech

Ana Victoria García Regional Director

Felipe Labbé Intellego

Christian Guerra Previta

Melissa García Intern, Nuevo León

Maan Hamadé InterDeli

Morgan Guerra Previta

Carmen Gutiérrez Institutional Relationships

Heberto Taracena Blé Inventmx

Alejandro Chaljub Procesa Chiapas

Jon Andoni Ertze Lightcom

Mauricio Pariente Procesa Chiapas

Constanza Guzmán Search & Selection and Entrepreneur Services, Aguascalientes

Antonio Ertze Lightcom

César Montes de Oca Quarksoft

Isaac Tawil Maskota

Tatiana Bilbao Tatiana Bilbao

Murry Tawil Abadi Maskota

Moisés Guindi Tequilera Milagro

Carlos Mastretta Mastretta

Daniel Schneeweiss Tequilera Milagro

Héctor Álvarez METCO

Paulino Decanini Transparencia Médica

Guillermo Casares González Mexis

Leonardo Shapiro Verasoft

Oscar Carrillo MexQ

Fernando Martínez Vialux

Pablo Martínez Gama Naturalia

Francisco Moncayo Vialux

Xavier Briseño Neve Gelato

José Zaga Vicky Form

PARTNERS

Alejandro Diego von Dorrer Ollin Studio

Hugo Hernández Vidrios Marte

Alquimia

Great Place to Work

Angel Ventures Mexico

IPADE

Carlos Manuel Iturriaga Ollin Studio

Marcus Dantus Wayra Mexico

BDO Castillo Miranda

Secretaría de Fomento Económico

EXPENSES

CIT Sinaloa/ CODESIN

Televisa

Compromiso Humano

Y&R

Evolucione

Zimat

Communication & Education Administration Institutional Development Services for Entrepreneurs Fluctuating Exchange Rates, Bank Commissions Income Taxes (Note 6) TOTAL EXPENSES Financial Expenses (Income) NET INCOME

STAFF Pilar Aguilar General Director Francisco Alvarez Institutional Relationships Ana Baquerizo Intern

Roberto Quintero Cinemagic

Guillermo Jaime Calderón Grupo MIA

Patricia Barroso Institutional Relationships, Occidente

Oscar Salazar CitiVox

Carlos Mier y Terán Grupo MYT

Rubí Beltrán Director Sinaloa

Jorge Soto CitiVox

Jaime Cater HDS

Daniel Espinosa de los Monteros Daniel Espinosa Studio

Patricio Villarreal Imagen Dental

Paula Bojikian Search & Selection and Entrepreneur Services

Patricia Rivera Dieta de los Asteriscos Gabriel Oropeza Docsolutions Guillermo Oropeza Docsolutions

Ricardo Villarreal Zambrano Imagen Dental Christian Vidal Ingenia Muebles Ernesto Vidal Ingenia Muebles

Entrepreneurs donating cash and/or equity

Luis Cabrera Director Aguascalientes Daniela Calleja Search & Selection and Entrepreneur Services Andrea Castillo Intern

Roberto Hernández Assistant Sara Holloway Intern Colin Lucas Intern Antonio Martín del Campo Regional Director Alejandro Martínez Institutional Relationships Sara Moran del Rayo Search & Selection and Entrepreneur Services, Baja California

Isabel Name Search & Selection and Entrepreneur Services, Aguascalientes

FINANCIALS

Jesus Arce Olivares Search & Selection and Entrepreneur Services, Baja California

STATEMENT OF FINANCIAL POSITION (December 31, 2010 in $USD)

Blanca Pérez Director, Yucatán

Current Assets Cash Accounts Receivable Property & Equipment Other Assets TOTAL ASSETS

ASSETS

Enrico Robles Search & Selection and Entrepreneur Services Paula Roteta Director, Institutional Relationships

Accounts Payable Taxes Payable Total Assets & Liabilities Net Worth at the Beginning of the Year Change in Net Worth Net Worth TOTAL ASSETS & LIABILITIES

Vincent Speranza Regional Director Anabell Trejo Search & Selection and Entrepreneur Services Héctor Turrubiates Search & Selection and Entrepreneur Services, Puebla

Ximena de Alba Institutional Relationships, Aguascalientes David del Valle Intern

REVENUES Donations Services Other Income TOTAL REVENUES

Luis de la Vega Intern Rocio Díaz Search & Selection and Entrepreneur Services, Nuevo León Adriana Eguia Director, Baja California Lily Flores Search & Selection and Entrepreneur Services, Yucatán

’02

OFFICES:

’07

MEXICO CITY (2002) Endeavor main office PUEBLA (2007) BAJA CALIFORNIA (2007) NUEVO LEÓN (2008) CHIAPAS (2008) GUANAJUATO (2007) AGUASCALIENTES (2007) OCCIDENTE (2008) YUCATÁN (2009) SINALOA (2009) Regional offices

12,495 86,544 99,039 332,93 115,861 448,454 547,493

STATEMENT OF INCOME & EXPENSES (December 31, 2010 in $USD)

Alberto Moreno Institutional Relationships

Laura Cortes Search & Selection and Entrepreneur Services, Puebla

Gustavo Dávalos Intern, Nuevo León

496,359 20,398 23,765 4,971 547,493

LIABILITIES

Blanca Saldivar Search & Selection and Entrepreneur Services

Fondo PyME

Guadalupe Cruz Assistance

US$

’07 ’08 ’07 ’07 ’08 ’09 ’09

’08

1,574,966 175,352 2,398 1,752,716

239,351 64,464 73,650 1,235,056 5,844 22,365 1,640,731 3,876 115,861

A complete set of the audited financial statements by Horwath Castillo Miranda for the fiscal year ending December 31, 2010 can be obtained by sending a written request to: Endeavor Mexico at Ejército Nacional #11121001, Col. Los Morales. Deleg Miguel Hidalgo, Mexico D.F., Mexico 11510

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ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

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ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

South Africa FINANCIALS

Endeavor South Africa companies’ average monthly compensation is twice that of the average South African employee.

Your connection to Endeavor may be the most important one you ever make in business.

STATEMENT OF FINANCIAL POSITION (December 31, 2010 in $USD) ASSETS Current Assets Bank Balances & Cash Taxation Asset Trade & Other Receivables Total Current Assets

US$ 32,206 593 20,578 53,376

PROPERTY, PLANT & EQUIPMENT Property, Plant & Equipment TOTAL ASSETS

9,117 62,494

LIABILITIES

FLICKR: KICKI

Trade & Other Payables 5 Total Liabilities

Vinny Lingham Yola Founder & CEO

NET BOOK WORTH Net Book Worth at the Beginning of the Year 2010 Net Income Retained Earnings (Accumulated Loss) TOTAL LIABILITIES & NET WORTH

ENTREPRENEURS Dumi Gumbi Anamazing

Ryan Falkenberg Hi-Performance Learning

Sam Hutchinson Prefix

David Jacobson Synaq

PARTNERS

Isabelle Rorke Anamazing

Glen Ansell i5

Dusan Babich Redfive Labs

Carlo Gonzaga Taste Holdings

African Leadership Academy Aurik

Industrial Development Corporation

STATEMENT OF INCOME & EXPENSES (December 31, 2010 in $USD)

Handri Conradie @Source

Bheka Manana Injula Mining Operations

Mike Welham Redfive Labs

Robert Dennison Trainiac

Delloitt & Touche

National Empowerment Fund

REVENUES

Ernest & Young

Nicolaas Duneas Altis Biologics

Zakhe Khuzwayo Innovent

Shona McDonald Shonaquip

David Jarvis UniNet

Eversheds

National Youth Development Agency

Nuno Pires Altis Biologics

DJ Kumbula Innovent

Kumaran Padayachee Spartan

Wilter Du Toit Virtual Mobile Tech

Donations & Grants Interest Income Other Income TOTAL REVENUES

Gauteng Enterprise Propeller

Christopher Whitfield Batswadi Pharamaceuticals

Lance Fanaroff Integr8

Natalie Killassy Stitch Wise

Rapelang Rabana Yeigo

Candice Roberts Call Force Direct

Robert Sussman Integr8

Nkhensani Nkosi Stoned Cherrie

Lungisa Matshoba Yeigo

Cheryl Nesbitt Capsicum

Shane Immelman Kommunity Group Project (formerly LapDesk)

Yossi Hasson Synaq

Vinny Lingham Yola

Richard Dewing Cibecs Aviad Eyal Cura Software Solutions Elton Bondi Cyest Corporation Andreas Cambitsis Cyest Corporation Gregory Starke Disa Vascular Henri Johnson EDH Kerryne Neufeldt Eye Slices John Rice Graffiti Designs

Cynthia Mkhombo Masana Hygiene Services Lemao Motaung Medupe Electrical Supplies Stephan Roux Milkworx Marius Bezuidenhout Nirph Digital Theunis Botha Nirph Digital Gustav Schoeman Nirph Digital Gustav Praekelt Praekelt Consulting

Josh Adler Prefix Entrepreneurs donating cash and/or equity

GIBS Identity Development Fund

Optima SAB Foundation Step Strategic Ventures

EXPENSES

Technology Innovation Agency

Administration costs Staff Costs Interest TOTAL EXPENSES Financial Expenses (Income) NET INCOME (DEFICIT)

OFFICES:

Malik Fal Managing Director

Fiona Pieterse Finance and Administration

Maria Azevedo Education

Fazlyn Toeffie Marketing & Public Relations

Rezaan Daniels Search and Selection

Affiong Williams Entrepreneur Services

ENDEAVOR SOUTH AFRICA'S Excelerator program was founded in 2009 and has prepared 25 entrepreneurs from disadvantaged backgrounds for the Endeavor International Selection Panel process.

(11,646) 17,806 6,160 62,494

943,389 103,881 181 1,047,451

361,892 665,152 1,350 1,028,394 1,251 17,806

A complete set of the audited financial statements by Deloitte SA for the fiscal year ending December 31, 2010 can be obtained by sending 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

JOHANNESBURG (2004) Endeavor main office

STAFF

Palesa Makanda Entrepreneur Services

FNB

56,334 56,334

’04

54

ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

55

ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

Turkey PARTNERS

In 2010, Endeavor Turkey held 291 events— more than one event per work day—that reached over 20,000 people!

Abraaj Capital AIESEC Akbank Astoria British Council Bog˘aziçi University Burhan Karaçam

Özyeğin Üniversitesi

ASSETS

PEI Forum

Current Assets Cash & Cash Equivalents Marketable Securities Trade Receivables Other Receivables Accrued Income Other Current Assets Total Current Assets

98,583 210 3,859 1,003 84,702 17,544 205,902

Long-Term Assets Fixed assets Intangible assets Prepaid expenses Total long-term assets TOTAL ASSETS

14,107 9,708 301 24,116 230,017

Pekin & Bayar Platin

Carnegie Mellon University Tepper School

Pozitif TV

Divan Kuruçeşme Dükkan Istanbul Drexel University Emory University Fordham University BURÇAK PEKIN

STATEMENT OF FINANCIAL POSITION (December 31, 2010 in $USD)

Prime Minister's Foreign Relations Office

Cocukakli

ENTREPRENEURS

Otokoç Otomotive

Carlo Bernardini Catering

CNBC-e

GYI˙AD Hiref Hürriyet JCI

Proje4L Rare Blossom Sabancı University Steamlab Takawear TBWA Telepati Time Communications

LIABILITIES & NET WORTH

TOBB

Current Liabilities Trade Payables Other Liabilities Advances Received Taxes Payable & Fiscal Liabilities Total Current Liabilities Prior Year Net Worth 2010 Change in Net Worth Total Net Assets TOTAL LIABILITIES & NET WORTH

TOBB Young Entrepreneurs’ Board

Junior Achievement

TOBB Women Entrepreneurs’ Board

KAGI˙ER

TÜSİAD

Koç Holding

Turkcell

Koç University

Undersecretary of Treasury

Kolay ˙Iletis ˛im

University of Florida

Alems¸ah Öztürk 41?29!

Aytül Erçil Vistek Isra Vision

S ¸ebnem Karasu Steamlab

Nevzat Aydın Yemeksepeti.com

Bülent Çelebi AirTies

Erdem Yurdanur Kokteyl

Tania Eskinazi Gürüs¸çü Takawear

Cem Nüfusi Yemeksepeti.com

Marmara University

US State Department

Ministry of Education

Youtholding

Ahmet Duyar Artesis

zzet Bonofiyel Monopoli Sigorta

Damla Gönül Türkmix

Melih Ödemis¸ Yemeksepeti.com

MG Consultancy

Özer Hıncal Arvento

Erol Esentürk Monopoli Sigorta

Elda Karakoç Türkmix

Aslı Caner Youtholding

Networking Akademi

Bedriye Hülya b-fit

Mehmet Aksel Mutfak Sanatları Akademisi

Aydın S ¸eker Türkmix

Emrah Kaya Youtholding

Kerem Erdem Bizitek

Semih Yüzen Petfor

Murat S ¸ahinog ˘lu Bizitek

Ba ar Akpınar P.I. Works

STAFF

Emre Aydın Ciceksepeti.com

Bahadır Kuru P.I. Works

H. Didem Altop Managing Director

Yunus Güvenen Digitouch

Fatih ˙Is ¸becer Pozitron

Emre Mermer Dükkan Istanbul

Didem Altınba ak Tulgan Rafinera

Ebru Çerezci Hiref

Ahmet Özgün Speedcity

Güvenç Kılıç Hiref

Ali Özgün Speedcity

Hasan Demir Obuz Ilio

Canan Özgün Speedcity

Mehtap Obuz Ilio Entrepreneurs donating cash and/or equity

Melih Abuaf Entrepreneur Selection & Services

Devrim Okumuş Gönenç Administrative Services & Accounting Ceylan Hünal Marketing & Communications Melisa Fakabasmaz Özerdim Membership & Operations

Hasan Fidan Office Coordinator

Aslı Kurul Türkmen Entrepreneur Selection & Services

US$

22,080 4,394 1,947 38,983 67,404 44,123 118,490 162,613 230,017

STATEMENT OF INCOME & EXPENSES (December 31, 2010 in $USD)

MIT Enterprise Forum

REVENUES Membership Entrance Fees Membership Dues Board Contributions Other Donations TOTAL REVENUES

OFFICES:

Büke Çuhadar Communications & Projects

Eran Filiba Entrepreneur Selection & Services

FINANCIALS

ODTÜ (Middle East Technical University)

44,238 157,289 645,192 284,292 1,131,011

OPERATING EXPENSES

ISTANBUL (2006) Endeavor main office

Search & Selection Related Expenses Project Related Expenses General Administrative Expenses TOTAL OPERATING EXPENSES

ENDEAVOR TURKEY In 2010, Endeavor Turkey was mentioned in 510 press articles.

Non-Operating Income (Loss) Extraordinary Income (Loss) Fx Gain (Loss) NET INCOME

'06

513,622 144,638 357,807 1,016,068 5,341 (229) (1,565) 118,490

A complete set of the audited financial statements by Birles¸ik Uzmanlar YMM A.S. for the fiscal year ending December 31, 2010 can be obtained by sending a written request to: Büyükdere Cad. Noramin ˙Is¸ Merkezi No 55 Kat: 3 Daire 301 Maslak Istanbul, Turkiye

56

ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

57

ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

Uruguay FINANCIALS

GONZALO VIERA AZPIROZ

Each Endeavor Uruguay company received an average of 17 hours of mentoring in 2010.

Endeavor is what you get when you combine the will of hundreds, turning wishes into realities. It has already left a great legacy on Uruguay.

STATEMENT OF FINANCIAL POSITION (December 31, 2010 in $USD) ASSETS Current Assets Cash & Cash Equivalent Accounts Receivable Other Assets Total Current Assets Fixed Assets TOTAL ASSETS

US$ 134,863 39,675 967 175,505 35,278 210,783

LIABILITIES & NET BOOK WORTH Short-term Debt Other Payables Total Liabilities

6,921 46,372 53,293

NET WORTH Net Worth at the Beginning of the Year Net Income Net Worth TOTAL LIABILITIES & NET WORTH

57,773 99,717 157,490 210,783

REVENUES Contributions Event Income TOTAL REVENUES

STAFF

ENTREPRENEURS María Noel Ache AIVA

Pablo Elenter Robtec

Laura Raffo Managing Director

Lee Martínez Fundraising Manager

Julio Cantera Assist

Ariel Lijtenstein Robtec

Alejandro Caravia Account Manager

Verónica Méndez Office Coordinator

Fernando Cammarota CEPA

Sergio Oberlander Robtec

Ana Carrero Account Manager

José Rubinstein Districomp

Andrés Ameglio Salado Media

Federica Hampe Training Programs

Anna Chiara Ortolani Entrepreneur Services and Search & Selection

Daniel Steiner Districomp

Carlos Ameglio Salado Media

Luciana Lapachián Marketing Manager

Gabriel Colla Infocorp

Raúl Polakof Scanntech

Margarita Mangino Entrepreneur Services Director

Gabriel Fernández Laboratorios Clausen

Ernesto Elenter SEG

Leonardo Olivera Laboratorios Clausen

Diego Garfinkel SEG

PARTNERS

Michel Cohen Lolita

Fernando Schaich SEG

Banco Comercial

Tata Consultancy Services

Federico Cella Lynkos

Francisco Gross Seinco

IDB

Uruguay XXI

McDonald’s

US Embassy

Gabriel Schimmel Medea

Manuel Cabanelas Statum

Roni Lieberman Memory

Álvaro Lozano Statum

Andrés Rosenblatt Metrópolis Films

Sebastián Schickendantz Statum

Cecilia Casulo Montreal

Álvaro Domínguez Top Systems

Adolfo Villalba Montreal

Pablo Milburn Urunet

Entrepreneurs donating cash and/or equity

Sabre

450,710 224,559 675,269

Fernando Lorenzo, Ministry of Economy Uruguayan Government

EXPENSES

OFFICES:

A complete set of the audited financial statements by Deloitte & Touche for the fiscal year ending December 31, 2010 can be obtained by sending a written request to: Endeavor Uruguay, Rincon 518, Entrepiso, Montevideo 11.000, Uruguay.

Events Search & Selection Entrepreneur Services Administrative Expenses Depreciation Expense Marketing Expenses TOTAL EXPENSES Financial Expenses NET INCOME

Claudia Solis-Roman PiLA Fellow

MONTEVIDEO (2000) Endeavor main office ENDEAVOR URUGUAY Over 700 entrepreneurs and business leaders, as well as Vice President Danilo Astori, attended Endeavor Uruguay’s 2010 Gala. ’00

123,322 31,173 139,911 195,207 3,527 82,539 575,679 127 99,717

58

ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

59

ENDEAVOR IMPACT REPORT 2010–2011 NETWORK & FINANCIALS

Global FINANCIALS Endeavor identifies compelling companies, led by high-potential entrepreneurs that, with the right support, can become significant enterprises that substantially impact the lives of the team and the community.

COMBINED STATEMENT OF ACTIVITIES (December 31, 2010 in $USD)

STATEMENT OF FINANCIAL POSITION (December 31, 2010 in $USD) ASSETS Cash and Cash Equivalents Investments Contributions Receivable Grants Receivable Prepaid Expenses & Other Assets Property & Equipment TOTAL ASSETS

William McGlashan TPG Growth Founder & Managing Director Endeavor Global Board Member

US$ 6,802,838 2,500,000 2,528,011 906,997 75,162 331,153 13,144,161

Accounts Payable and Other Accrued Liabilities Due to Affiliated Entities Deferred Rent & Capital Lease Obligations TOTAL LIABILITIES

TIM HANSON

Unrestricted Net Assets Temporarily Restricted Permanently Restricted Net Assets TOTAL NET ASSETS TOTAL LIABILITIES & NET ASSETS

STAFF Linda Rottenberg Co-Founder & CEO

Katherine Bleich Executive Office

Bianca Martinelli Entrepreneur Services

Sasha Sadrai Entrepreneur Services

Fernando Fabre President

Marissa Carberry Marketing & Events

Lucy Minott Search & Selection

Allen Taylor Partnerships & Networks

Lawrence Brooks VP, Finance & Administration

Gerardo Cervantes Organizational Development

Joel Montgomery New Country Expansion

Daniela Terminel Entrepreneur Services

David Geary SVP, Partners & Networks

Brian Chen Search & Selection

Alexandre Thome New Country Expansion

Walt Mayo SVP, New Country Expansion

Ludmilla Figueiredo Marketing & Communications

Rhett Morris Center for High-Impact Entrepreneurship (C-HIE)

David Wachtel SVP, Marketing, Communications & Research

Rose Folliero Executive Office

Ali Ayala Administration Andrew Baltes Organizational Development Justin Belmont Marketing & Outreach Allison Berliner Search & Selection Baily Blair Kempner Sustainability and Growth Programs

Joanna Harries New Country Expansion Jean-Claude Homawoo Partnerships & Networks Cindy Ko New Country Expansion Maggie Krummel Search & Selection Yuting Lien Entrepreneur Services Harshet Lunani Center for High-Impact Entrepreneurship (C-HIE) Karen Martell Partnerships & Networks

Contributions Grants Gala & Other Fund-Raising Events Net Realized & Unrealized Gains (Losses) on Investments Interest & Other Income In-Kind Services & Goods Net Assets Released From Restriction TOTAL REVENUES

Unrestriced

Temporarily Restricted

3,504,543 213,259 2,123,662 1,034 45,495 154,668 584,999 6,627,660

2,400,000 200,000

(584,999) 2,015,001

Permenantly Restricted

Total

0

5,904,543 413,259 2,123,662 1,034 45,495 154,668 0 8,642,661

1,231,488 567,782 872,705 428,166 895,652 272,011 870,581 605,935 5,744,320

LIABILITIES AND NET ASSETS 299,484 129,083 35,343 463,910

NET ASSETS

Hande Altun Center for High-Impact Entrepreneurship (C-HIE)

REVENUES

Peter Olivier Search & Selection

Shaun Young Entrepreneur Services

PARTNERS & GLOBAL SPONSORS

OFFICES:

SAN FRANCISCO (2009) Endeavor Global office SINGAPORE (2010) Endeavor Global office

Citi Foundation

Michael & Susan Dell Foundation

Dell

Omidyar Network

DUBAI (2011) Endeavor Global office

Ernst & Young

SAP

Grupo ABD

Salesforce.com

Barclays Capital

1,231,488 567,782 872,705 428,166 895,652 272,011 870,581 605,935 5,744,320

0

0

181,057 421,209 597,092 6,943,678

0

181,057 421,209 597,092 0 6,943,678

(316,018) 9,539,272 9,223,254

2,015,001 1,416,996 3,431,997

0 1,698,983 25,000 10,981,268 25,000 12,680,251

A complete set of the audited financial statements by McGladrey and Pullen for the fiscal year ending December can be obtained by sending a written request to Endeavor Global, Inc. at 900 Broadway suite 301, New York, 10003, USA

Inter-American Development Bank/The Multilateral Investment Fund (IDB/MIF)

Bain & Company

Search & Selection eMBA Entrepreneur Services Endeavor Net Affiliate Operations Center for High Impact Entrepreneurship New Country Expansion Philanthropic Networks Total Program Expenses Direct Donor Benefits of Gala & Other Fund-Raising Events Management and General Fundraising and Development TOTAL EXPENSES Change in Net Assets Net Assets, Beginning of Year NET ASSETS, END OF YEAR

NEW YORK (1997) Endeavor Global office

Rebecca Plofker Marketing & Development

Abraaj Capital

9,223,254 3,431,997 25,000 12,680,251 13,144,161

EXPENSES

’97 ’09 ’11 ’10

60

ENDEAVOR IMPACT REPORT 2010–2011

61

ENDEAVOR IMPACT REPORT 2010–2011

Endeavor Entrepreneur Summit, June 2011

Endeavor is a global network comprised of the brightest minds and richest human capital.

CONTRIBUTORS & BOARD

SAMUEL KASSAPIAN JR

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

Endeavor Entrepreneur Summit, June 2011

High-Impact Donors Donors 2010 Donors In-KInd Global Advisory Board Country Boards of Directors FLICKR: PULPOLUX

Endeavor Global Gala, November 2010

Chile Retreat, May 2011

Global Board of Directors

62

ENDEAVOR IMPACT REPORT 2010–2011 CONTRIBUTORS & BOARD

High Impact Donors 1997–2011

Donors 2010

1,000,000 +

100,000 +

Abraaj Capital

500,000 + AFP HABITAT

250,000 + ABDI

AVINA

Emilio Azcárraga Jean

William A. Ackman

Banco Santander

Banco Itau BBA S.A.

Clarissa & Edgar Bronfman Jr.

Nicholas F. Beim

Ann L. Bronfman Foundation

Citi Foundation Eduardo Elsztain Ernst & Young Fundação Brava Inc Inter-American Development Bank International Finance Corporation (IFC) George & Bicky Kellner Peter Kellner Michael & Susan Dell Foundation Omidyar Network

Michael J. Cline CORFO José Luis del Río Paul Fribourg Goldman, Sachs & Co. Adrian Gore Beth and Michael Klein Anne & Vincent Mai Jennifer & Jonathan Oppenheimer Salvador Said SAP SEBRAE Sebrae São Paulo Secretaría de Economía (Mexico) Chip Seelig Tony & Carlos Slim Woods Staton Lorenzo Zambrano

Pedro Aspe Mehmet Ali Babaog ˘lu Banco ABN AMRO Real S.A. Banco de Chile

Emin Hitay Inter-American Foundation Ali Koç Thomas H. Lee & Ann Tenebaum

3M Abraaj Capital William A. Ackman AFP HABITAT Michael Ahearn / True North Venture Partners, LLP

Lehman Brothers

Emilio Azcárraga Jean / Televisa

Jorge Paulo Lemann

Banco de Chile

Microsoft Corporation

Banco Santander

Ann L. Bronfman Foundation Arab African International Bank

Julia Abdala

Jennifer Oppenheimer / Oppenheimer & Sons Habib Kairouz / Rho Capital Partners

ABDI María Noel Ache & Federico Cella / AIVA ACTIS

Banco BTG Pactual

Marwan Kheireddine / Al-Mawarid Bank

America Latina Logistica Do Brasil

Banco Itau BBA S.A.

Sami Khouri / Teeba Holding

Fabio Barbosa / Banco Santander

Ali Koç / Koç Holding

Amil Assistencia Medica Internacional S/A

Korbitec (Pty) Ltd

APPI

Bematech S.A

Jean-Paul Luksic

Wences Casares

Azmi Mikati / M1 Group

Mario Araya Rivas / Kibernum

Cetus Investimentos

Arif Naqvi

Citi

Natura

Pedro Aspe / Protego Asesore

BID/FOMIN

Fadi Nahas

Nicholas F. Beim

Len Blavatnik

Francisco De Narvaez

Clarissa & Edgar Bronfman Jr.

Elias Cababie

News Corporation

Matthew Brown

J. Michael Cline

Murat Özyeğin / Fiba Holding

Wences Casares

Odebrecht S.A.

Citi

B2U Editora

Cetus Investimentos

Murat Özyeg ˘in

Corfo

Consejo Para El Desarrollo Económico de Sinaloa

Banco Bradesco SA

Citi

Eduardo Pacheco

Enrique Cueto

Credit Suisse Argentina S.R.L

Eduardo Pacheco / Mercantil Colpatria / Salud Colpatria / Mineros SA

Proteus Soluções em Segurança da Informação S/A

DRA - Tshikululu

Said Darwazah

Familia Posada Cueto

Corporación Andina de Fomento (CAF)

José Luis Del Río

Joanna Rees

Banco de Investimentos Credit Suisse SA

Barry Diller / IAC InterActiveCorp

Guillermo Romo Romero

Diller-Von Furstenberg Family Foundation

Luis Saguier / La Nacion

Vuslat Doğan Sabancı / Hürriyet

Soledad Saieh

Waddah Barkawi / Ernst & Young

Santa Clara

Nicolás Barry

Albert Douer / Ajover

Naguib Sawiris

Juan Berchesi / Isbel

Andres Echavarria / Sodimac Colombia / Org. Corona SA

Christoph Schiess

Mario Bethlem Steven Bing / Shangri-La

Edcon

Secretaría de Fomento Económico de Yucatán

Charles El-Hage / Booz & Company

Chip Seelig / Robin Brown & Charles Seelig Foundation

Leon Black

Eduardo Elsztain / Fundación IRSA

Simpson Thacher & Bartlett

Len Blavatnik BNDES

Jorge Errázuriz

Brian Swette / Swette Family Foundation

Fares Fares / Wedge Alternatives

Özcan Tahincioğlu / Tahincioğlu Holding

C.R. Bard, Inc.

Fleury S.A.

Totvs SA

Paul Fribourg

Pedro Uribe / Ladrillera Santa Fe

Enrique Cueto Dell Computer Barry Diller Vuslat Doğan Sabancı Albert Douer Melissa & Timothy Draper

David Frankel

Ernst & Young

SAB Foundation

Adrian Gore / Discovery Holdings

Suzan Sabancı Dinçer

Grupo Modelo

Alejandro Santo Domingo

Inter-American Development Bank / The Multilateral Investment Fund (IDB / MIF)

Naguib Sawiris

Peter Kellner

Christoph Schiess

Vincent Mai / AEA Investors

Alvaro & Soledad Saieh

Simpson Thacher & Bartlett

Odebrecht S.A. Rafael Posada

Özcan Tahinciog ˘lu

Proteus Soluções em Segurança da Informação S/A

Sven von Appen

SAB Foundation

Brian Swette

Salvador Said

Michael Ahearn Edgar Bronfman, Jr. J. Michael Cline Reid Hoffman Arif Naqvi

Ali Al-Husry

10,000 +

Iris Dempsey / First National Bank

Barclays Capital

Fleury S. A.

Each founding member committed $1,000,000.

Michel Abouchalache / Quilvest Group

Instituto Semeia

Morgan Stanley

Jorge Errázuriz Grez

To make Endeavor a selfsustaining organization, Endeavor Catalyst, an innovative, rules-based investment pool, supports capital-raising rounds for Endeavor Entrepreneurs.

50,000 +

Barclays

Andres Echavarría

ENTREPRENEUR CIRCLE: Endeavor Catalyst Pilot

63

ENDEAVOR IMPACT REPORT 2010–2011 CONTRIBUTORS & BOARD

Alejandro Santo Domingo / Caracol TV / Invernac / Valorem SEBRAE Paul Singer / Singer Foundation Visa do Brasil

Fundação Brava Inc Fundacion Bepensa Fadi Ghandour Selim Ghorayeb / Algorithm Goldman Sachs & Co. M. Emın Hitay / Hitay Yatırım Holding A.Ş.

Reid Hoffman / LinkedIn / Greylock Partners

Kevin Ryan

Sven Von Appen

Timothy Armstrong

Banco Ciudad

Banco Hipotecario Banco Modal SA Kathleen Barclay

Khaled Bishara

Bovespa Steven Cakebread Rolando Carmona / Drillco Tools Bülent Çelebi / AirTies Antonio Celia / Fundacion Promigas Centro Inter De Servicios Andrés Cerisola / FERRERE Marco Chady & Eduard Ourivio Control Seguridad Privada Integral

64

ENDEAVOR IMPACT REPORT 2010–2011 CONTRIBUTORS & BOARD

65

ENDEAVOR IMPACT REPORT 2010–2011 CONTRIBUTORS & BOARD

Donors 2010 10,000 + CHL Desenvolvimento Imobiliario SA Citigroup Juan Manuel Collado Comercial Automotiva Ltda Horacio Correge / Banco Comercial Credit Suisse Crivo Sistemas em Informática S/C Ltda

Grubman Indursky, P.C.

NEXTEL

Grupo Marti SAB

Nicolas Loaiza & Gigiliola Aicady / Bodytech

Marcel Herrmann Telles Instituto Euvaldo Lodi - Firjan Integration Consultoria Empresarial Ltda

NM Rothschild & Sons Brasil O Boticário Franchising SA Óptima Energía

Tecno Logys Sistemas para Construção Ltda Transvaal Electric Motors (Pty) Ltd Triple A Artes Gráficas Umbria Participações S.A Universal City Studios

Isabella Jaras & Patricio Jaras / Nutrabien

Ebru Özdemir / Limak Holding

Jonathan M. Nelson Family Foundation

Maurie Perl / Condé Nast

Uruguay XXI

Pete G. Peterson Foundation

Daniel Varese / Citi

Ariel Pfeffer / Trillonario.com

Viacom International

Plural Capital Gestão de Recursos

Vieira, Rezende, Barbosa E Guerreiro Advogados

Raúl Polakof / Scanntech

Warner Bros.

George & Bicky Kellner

Mahmut Ünlü / Standard Ünlü

CSC Holdings, Inc.

Işık Keçeci Aşur / ARAGON Capital

Paul Daversa

George & Bicky Kellner

DBM do Brasil Ltda

Klibra Agenciamento de Marcas E Negócios S/C Ltda

Polo Ralph Lauren

Fehmi Zeko / Deutsche Bank

Kpx Serviços E Participações Limitadas

PriceWaterhouseCoopers

Niklas Zennstrom

Red Innova

Fawaz Zu’bi / Accelerator Technology Holdings

Adam Dell Desarrollo De Emprendedores

La Costeña

Representaciones Atlantida

Laprotex

Lawrence Rockefeller

Larissa Empreendimentos Imobiliários Ltda.

Gabriel Rozman / Tata Consultancy Services

Thomas H. Lee & Ann Tenebaum

Suzan Sabancı Dinçer / Akbank T.A.Ş.

Leonard & Evelyn Lauder Foundation

Barry Salzman

Localiza Rent A Car SA

Mustafa Say / Access Turkey

Loews Foundation Haakon Lorentzen

Sbf Comercio de Produtos Esportivos LTDA

Ewing Marion Kauffman Foundation

Raúl Mandía & Ricardo Méndez / McDonald’s - Arcos Dorados

Robert Schumer / Paul, Weiss, Rifkind, Wharton & Garrison

René Fernández

Mastermaq Informática Ltda.

First National Bank (FNB)

Matrix Partners

Secretaria de Economía México

Floodgate Founder Collective Lp

Julie Mcpherson & Felipe Valdés / Tiaxa

David Frankel Andrés Freire / Axialent

Diagnostika Dialog Educação Tecnologia E Desenvolvimento Daniel Doctoroff / Bloomberg, LLP Melissa & Timothy Draper / The Draper Foundation Editora Abril S.A. Elsevier Editora Ltda Embratel

SAP

1,000 +

Baar Akpinar & Bahadir Kuru / P.I. Works, Kurucu Ortak Mehmet Aksel / Mutfak Sanatları Akademisi, Kurucu Banu Aksoy / Turcas Petrol Ziya Alemdar / Pro-Ad Media

Haluk Aytekin / Luka Yatçılık

Alibio

Hilal Aytemiz / Aytemizler Şirketler Grubu

Alimentos M Rogerio Almeida Feijo Alphagen Reprodução Animal Dİdem Altinbaak Tulgan / Rafinera, Kurucu Joaquín Álvarez & Paula Gallotti & Ignacio Fonseca & Agustín Napoleone / Dvelop AN International Media Alvaro Ananias & Gustavo Diban / Genesys Andre L. A. Figueiredo

24 X 7 Cultural Ltda Abc-Atacado Brasileiro da Construção

Darío Andrioli / Carle & Andrioli

Acento Mexicano

Angelus Indústria de Produtos Odontológicos SA

Faik Açıkalın / Yapı Kredi Bankası

Yalçın Ayaydın / Ayaydın Miroglio Group Nevzat Aydın / yemeksepeti.com, Kurucu Ortak

Andre Rodrigo de Campli Martins

Alfredo Achar

AX Ventures

Anhaguera Educacional SA ANII (Agencia Nacional de Investigación e Innovación)

Murat A. Bİnark/ Garanti Koza İnş. San. ve Tic. A.Ş., Yönetim Kurulu Başkanı

Centro de Inter Servicios SA de CV

Biruta Midias Mirabolantes Ltda

Chilim Balam SA de CV

Bomeny, Ricardo Figueiredo Elton Bondi & Andreas Cambitsis / CYEST Alexandre Borges

Bacs Banco de crédito y securitizacion SA

Pablo Bosch Boston Consulting Group

Nicolás Cock / Ecoflora

Iván Báez / Eman

Botanas y Frituras de los altos de Chiapas

Michel Cohen / Lolita

Banco Macro Mario Barra / Vates José Manuel Barros & Ariel Gringaus / Colegium Greg Barton & Jay Applewhite / Business News Americas

Ziya Boyacıgiller / Sabancı Üniversitesi Br Opportunities Gestora de Fundos Ltda Virginia Brause / Jiménez de Aréchaga, Viana & Brause

Mathías Bartram / La Isla

Bs Construtora

Nezih Barut / Abdi İbrahim İlaç San. Ve Tic. A.Ş.

Marcos Büchi

Cansen Başaran-Symes / PriceWaterhouseCoopers

CAASA

Selin Bayar / Pekin & Bayar Uğur Bayar/ Credit Suisse, Genel Müdür

Cristiano Buerguer Manuel Cabanelas, Álvaro Lozano & Sebastián Schickendantz / Statum

Javier Beathyate / Magma

Serasa S.A.

Aeropuertos Argentina 2000

Arce Tools

Jorge Becerra

Jean Shaw / Sabre Holdings

Sina Afra / Markafoni

Mex Q

Stanley Shuman

Africam Safari

Damar Arıkoğlu / Turbomach Endüstriyel Gaz Türbinleri

Claudio Bedoya / BioScience Benjamin Bekhart

Ariel Aisiks / GEO Capital Holdings

Mehmet Armağan / ARCA Kumaşları San. ve Tic. A.Ş., Yönetim Kurulu Üyesi

Beleza Natural

Juan Pablo Cappello

Frio Express

Martín Migoya, Guibert Englebienne, Martín Umaran & Nestor Nocetti / Globant

Skoll Foundation

Julio Cantera / Assist Learning Team

Bencorp S.A.

Carbatur Viajes SRL

Fundación Alsea

Moody’s Foundation

Woods Staton / McDonald’s

Guillermo Carey

Álvaro Moré / Young & Rubicam

Erim Bener / Bener Hukuk Bürosu

David Stemerman

Fundacion Bolivar Davivienda Goldman Sachs

Morgan Keegan & Co

Carlos Gómez Andonaegui

Morgan Stanley

Diana Gomez / MEMO

Motorola

Alejandro Gorodisch GP Investimentos S.A.

Mrv Engenharia E Participações

Peter Graber

Needham & Co. LLC

Jason Green

News Corporation

Sir Howard Stringer / Sony Corporation of America Mariano Suarez Battan & Patricio Jutard / Three Melons Nicolás Szekasy Tech4B Tecnica

Vural Ak / Intercity Ekim Turizm

Vedat Aşçı / Astaş Gayrimenkul Yatırım ve Turizm A.Ş.

Ersin Akarlılar / Mavi Jeans, Inc.

ASL MEX

Serra Akçaoğlu / Citigroup Zeynep Akçakayalıoğlı/ Royal Executive Search, Genel Müdür Bülent Akgerman / Akg Yalitim

AT Kearney Gökçe Atakaş / Atakaş Şirketler Grubuş Mehmet Atay / Atay Holding Jorge Awad

Benjamin Slome Charitable Foundation Tunç Berkman / Veritas Media

COMPSIS Ind. E Com. Ltda Comunique-se Javier Conde & Diego Illa & Sebastián Narancio & Eduardo Nina / Logicsat Conexia SA Cor Brasil Ind. E Com. Ltda.

Corporate Image Carmen Correa / AVINA Aylin Coşkunoğlu Nazlıaka / Human Resources Management

Arccanto Consultoria

Javier Arrendondo

Colliers Badino SA

Christian Cortés / Corbac

Advent Do Brasil

AJ Arte Objeto

Gabriel Colla / Infocorp

Guillermo Cabrera / Naturezas

Actitud y Deporte

AJ Arte

Haydar N. Çolakoğlu / TEB Holding A.Ş.

Cabi Inver SA de CV

Cenk Bayrakdar / Turkcell İletişim Hizm. A.Ş

Sollos Assessoria E Consultoria Ltda (Sedi)

Pablo Gonzalez Cid / Café Punta del Cielo Kemal Cılız/ INFONET Bilgi Teknolojileri Tic. Ltd. Şti., Yönetim Kurulu Üyesi

Manuel Aravena & Juan Pablo Salas / Ascon

Abramex

Marcelo Cid

Víctor Bórquez / Max Services

Antonio Ermirio de Moraes Net0

Administracion Enrique Duhau SAAG

Cia de Talentos Recursos Humanos

Mehmet Ali Babaoğlu / Füsun Tasarım ve Pazarlama

Dr. Cem Baydar / IMS Consulting Group, Ülke Müdürü - Danışmanlık

Enox Publicidade

Marcelo Cherto

Mesut Çakmak / Çakmak Hukuk Bürosu Cambio Avenida Fernando Cammarota / CEPA Hilario Canessa / Studio 4D

María Gracia Cariola Cecilia Casulo & Adolfo Villalba / Montreal Bülent Çavuşoğlu / Kvk

Carlo Bernardini / Bernardini Organizasyon

CBL Companhia

Christopher Bierly

Federico Cella / Lynkos

Cedinsa

Edivan Costa Gonzalo Crespi / Bauen Arquitectura Cuasar Capital Gonzalo Cubillos Beatriz Cueto Hayrİ Çulhacı / Akbank T.A.Ş., Yönetim Kurulu Başkan Yardımcısı Cybertécnica Daniel Daccarett / Producto Protegido Paulo Cezar de Aragao C.B.C. Jaime de La Barra Ricardo de Tezanos Decagon Devices

Cemex

Murat Dedeoğlu / Limak Yatırım

Central de Gas

Deloitte

66

ENDEAVOR IMPACT REPORT 2010–2011 CONTRIBUTORS & BOARD

67

ENDEAVOR IMPACT REPORT 2010–2011 CONTRIBUTORS & BOARD

Donors 2010 Erhan Erkut / Özyeğin Üniversitesi

Gürkan Gençler / Beyaz Filo Oto Kiralama

Türkmen Deniz / Teknort

Fabio Ermirio de Moraes

Z. Zeynep Dereli / DRUM Yönetim Danışmanlığı Reklamcılık ve Pazarlama Ltd. Şti., Kurucu Ortak

Marcos Ermirio de Moraes

George Wasserman Family Foundation

1,000 +

Hermelo Diaz Horacio / Nueva Central Argentino

Escola 24 Horas Erol Esentürk / Monopoli Sigorta, Kurucu Ortak

Jorge Gerez / MP Medicina Personalizada Gigalink de Nova Friburgo Renato Giovanini Filho

Osman Dİnçbaş / Ernst & Young, Ülke Müdürü

Daniel Espinosa / Grupo Empresarial Espinosa SA de CV

Ana María Diniz

Alicia Esquiera / Secom

Disney Worldwide

Gabriel Estellano & Juan Pablo Nogués / de La Tierra

Kerem Göktan / Su Private Equity Management

Dm-Vencer Recursos Humanos

Çağlar Göğüş / Peppers & Rogers

Arnaldo Goldenberg

Felipe Henríquez Juan Pablo Hess Hilado SA James Himes

Eduardo Marquez

IBM Argentina Ignacio Idalsoaga / Buin Zoo Imagen Dental

Evolucione

Eric Green

Imagina

Álvaro Domínguez / Top Systems

Jeffrey Fager / CBS Corp

Max Grekin / Skm Seaprende

Innovision Inc

Ferit Faik Şahenk / Doğuş Grubu, Yönetim Kurulu Başkanı

Francisco Gross / Seinco

Intel

Grupo Capistrano Alimentari

Intelego Corporativa SA de CV

Ricardo Duch & Oscar Fuenzalida / Doggis Gibson Dunn / Gibson, Dunn, & Crutcher, LLP Vanesa Duran Cengiz Duyar / Yamata Yatırım İnş. Tur. Tic. A.Ş.

Ezequiel Farca Farmacia Sánchez Farmacia Telefonica SA de CV Carlos Fernandez Gabriel Fernández & Leonardo Olivera / Laboratorios Clausen

Edmur Poli

Jorge Fienkelstajn / Tensocable

Agustin Edwards Del Río

Andre Figueiredo

Tan Egeli / Egeli & Co

Javier Figueroa / Locomotion

El Sargazo Serkan Elden / Pine Bridge Investments (Turkey) Istanbul Liaison Office Ernesto Elenter, Diego Garfinkel & Fernando Schaich / SEG Ingeniería Pablo Elenter & Ariel Lijtenstein & Sergio Oberlander / Robtec Ayda Elgiz / Giz İnşaat Yatırımları A.Ş Enexa Inc. Ahmet Eren / Eren Holding, Yönetim Kurulu Başkanı T. Ufuk Eren / Siemens, Sağlık Sektörü Doğu Akdeniz Bölgesi Lideri

Fernando Fischmann Fly Across Gonzalo Frasca & Sofía Battegazzore / Powerful Robot Games Guillermo Fulco / Verdes del Sur Fullsand (Matienzo) G2 Consultores Marcos Galperín & Hernán Kazah / Mercado Libre Alberto Gana & Felipe Howard / Latitud 90 Cemil Gandur / Lotus Shipping Agencies

Grupo MIA Grupo Myt

Ntime Sev de Infor E Com Ltda

Korhan Kurdoglu / Ata Holding

Jorge Hurtado

İlhan İl / TEPE HOME

Grupo Ibmec

Daniel Marcos

Altunç Kumova / Destek Finans Grubu

Toni Goodale

Grupo Cherto

Eduardo Novoa

Coleman Mark

Arnold Eugenio

Faldini E Cia Ltda

Máquina da Notícia S/C Ltda Juan Andrés Marichal / Bodegas Marichal

Richard Hunt

Interproteccion Agente de Seguros Isat Comunicação, Educação E Tecnologia Ltda

Zafer Kurtul / Haci Ömer Sabanci Holding L’Atelier Du Chocolat SA de CV La Terraza Italiana Lan Designers Alejandro Larosa / FYO Las Pichanchas Sebastián Lateulade / Todotvmedia

Thai Quang Nhgia Luciano Nicora / Viramonte & Nicora

Nüket Küçükel / Güven Hastanesi

José Manuel Horwitz

Nextperience SA

Livio Manzini / Bell Holding

Onurhan Homriş / MV Holding

Doc Solutions de Mexico SA de CV

Glenn & Eva Dubin / Highbridge Capital Management, LLC

Mandic Ltda

KPMG Auditores Independentes

Goóc

João Doria

Kerim Kotan / Pragma Corporate Finance

Mehtap Mae Özkan / Golden Horn Ventures, Kurucu Ortak

Mellody Hobson / Ariel Investments, LLC

Estudio Garrido Abogados

Javier Donoso / Geomar

Murat T. Kolbaşı / Arzum Elektrikli Ev Alet. San. Ve Tic. A.Ş.

Live Marketing

João Mendes Carvalho Metco SA de CV

Pugliese E Santos Advogados

Operadora de Servicio Mega SA de CV SOFOM ENR Süleyman Nazif Orakçioğlu / ORKA Tekstil San. Tur. Tic. A.Ş.,

Mextra Engenharia Ltda

Juan Francisco Lecaros

O-Think Soluções Empresariais

Patrick Meynial

Mehmet Oz

Microsoft

Seval Oz

Nicolás Jodal / Genexus

Leonali

Martin Migoya

Alp Karaağaç / Bilfar Holding

Lori Lesser / Simpson Thacher & Bartlett

Pablo Milburn / Urunet (The Datamyne)

Ayecan Özyeğİn Oktay / Fiba Holding A.Ş.,Yönetim Kurulu Üyesi

İzel Levi Coşkun / Denge Bağımsız Denetim A.Ş.

Emre Mimaroğlu / Credit Suisse

Münir Özkök / Midas Hediyelik Es˛ya

John Levin / Levin Capital Strategies, LP

Misrahi Family Fund

Jorge Pacheco / Oxxean

Monashees Gestão de Investimentos

Can Paker / B.O.Y Danışmanlık, CEO ve Kurucu Ortak

Burhan Karaçam / Burhan Karaçam Partnership

Vinny Lingham / Yola

Garrett Moran / The Blackstone Group

José Ramón Gutiérrez

Eda Karamancı / Karamancı Holding A.Ş.

Fat‹h Karamancı / Karamancı Holding A.Ş.

Linkin Park

Görkem Güven / Hittite Microwave Corp. Türkiye Cavit Habib / ISS Tesis Yönetim Hizmetleri

İrem Oral Kayac›k / Odak Group, İş Geliştirme Direktörü

Taddy Hall

Keegy SA

Alfredo Halm / Quanam

Mustafa Kılıçaslan / Microsoft, EMEA

Yunus Güvenen / Digitouch, Kurucu

Richard Hamermesh Hantel Barış Haşemoğlu / Haşemoğlu İnşaat HB Lifestyle LLC

Pablo Garfinkel / Cines Hoyts

HDS

Hasip Gencer / Uno

Heartmanhouse Consultoria

Kimberlit Mustafa V. Koç / Koç Holding

Lightcom SA de CV

Quarksoft SA de CV Pedro P. Querio Juan Carlos Rabat / FUES 21

Metropolitan Life

Roni Lieberman / Memory

QG Propaganda

Roberto Quintero

Latin Internet ConsultoresLatinIdea Lenor SRL

Noyan Gürel / Sunel

Germán Pugliese & Miguel Santos / Technisys

Orcius

Iway

Kayril Karabeyoğlu / Advent International Türkiye, Fon Yöneticisi

Provise Segurança Especial Ltda

Bari Öney / Globalturk Capital, Managing Partner

Ayşe Güçlü Onur / Egon Zehnder International

Erem Karabey / Polikim Polimer Ve Kimya Sanayi

Proseg de México

Publit Comerico de Soluções Editoriais Ltda

Fatİh & Firat İbecer / Pozitron, Kurucu Ortak

Yulu Gümütekİn Terzİoğlu / CPS Corporate & Public Strategy Advisory Group, CEO ve Yönetim Kurulu Üyesi

Propay Brasil Ltda

Omidyar Network

Gtt Ind E Com

Bora Gülan / Buga OTIS Asansör, Genel Müdür

Gabirel Prida Procesadora Casazola

Ollin Studio

John C. McIntire

PriceWaterhouseCoopers Mexico Procesa Chiapas

Matec Engenharia E Construcoes Ltda

Terry McDonell

PREVITA

Melİh Ödemİ / yemeksepeti.com, Kurucu Ortak Turgay Olcay / Dek-Art İnşaat

Fernanda & Pablo Maturana / Bolsas

Prática Produtos Ltda

NTS

Maskota SA de CV

Materias Primas

PPR Profissionais de Publicidade Reunidos Ltda

Ramin Tovfigh Rafii / Anavi S.A. Rava Esportes E Entretenimento Ltda Refinancia República AFAP Reynolds Ventures Asesoria de Negocios empresa Christine & Douglas Rohde Lidia Maria Riba & Trinidad Vergara / V & R Editoras

Pasport

Edson Rigonatti

Patrick Morin

Pasteles la Zarza

RLG Corretora de Seguros

Multieco Tecnolgia Industrial

Pass Finanças

Marilia Rocca

Juan Carlos Muñoz

Alan Patricof

Rodoviario Pigatto Ltda

José Miguel Musalem

PEASA

Tito Loizeau / Promored

MV Informatica Nordeste Ltda

Pedro Aspe Bernal

Gustavo Rodríguez / Sanatorio Mautone

Natalia Lojo / BTM Travel Designer

National Soft

Pipeway Engenharia Ltda

Naturalia

Pixel Labs Comerico de Informatica Ltda Epp

Mario Litmanovich / Drogueria 20 de Junio Eduardo Llobet / Berkley Internacional Seguros

Carlos Londoño / TVG

İlker Koçer / Oracle Turkey

Sergio López / Proactiveoffice

Ebru Köksal Alçıcı / Galatasaray Sportif A.Ş., Genel Müdür

Los Grobo Agropecuaria SA Mauricio Luis Luchetti Barbara Lyne

Gabriel Nazar / Cardón Cosas Nuestras

Diego Piacentini

Francesca Romana Diana Jeffrey Rosen Andrés Rosenblatt / Metrópolis Films

Pixel Software Ltda.

Jorge Nazer / Alto

Miguel Rosental / Rosental Management Group

Poit Energia Ltda

Nefrocare - Administradora de Hospitais E Clínicas

Abishai Rovner / Bercia

Wilson Poit

José Rubinstein & Daniel Steiner / Districomp

Arthur Vicintin Neto

Portal da Educação

68

ENDEAVOR IMPACT REPORT 2010–2011 CONTRIBUTORS & BOARD

Donors 2010 1,000 + Salaberry & Lopez Samsan SC

Esteban Wolf / Progen

100,000 +

Mario Araya / Kibernum

Brigard Y Urrutia

Korn Ferry International

Natalina Maria Thai

Wolfensohn Family Foundation

BM&A

The Boston Consulting Group

Café Punta del Cielo

Kroll

Boston Consulting Group

L’Atelier du Chocolat

Eduardo Wurzmann

Enrique Baliño / Xn

Cardenas Y Cardenas Abogados

Xignux

Grupo ABC

Cia de Idiomas

Aygen Yenigün / AGM Stratejik Çözümler A.Ş.

Integration

Ernst & Young

Organizações Globo

ICTS

Máquina da Notícia

Lan Designers

Ricardo Toledo De Camargo

İlhan Yılmaz / Galatasaray Üniversitesi, Hukuk Fakültesi Öğretim Üyesi

Goulston & Storrs

M.Cem Topçuoğlu / TBWA İstanbul

Selçuk Yorgancıoğlu / Abraaj Capital

Eduardo Mangarelli / Microsoft Uruguay

Michael Yorston & Olivier Paccot / Woodtech

50,000 +

Microsoft

Tortula Varejo De Alimentos Ltda Transparencia Medica

The Good Night Foundation The New School

Alfonso Sánchez

The Raine Group

Alp Saul / Pronet Guvenlik Hizmetleri

Susan Tilson

Regina Helena Scripilliti Velloso Susan Segal M. Cem Şengör / Step Halıcık Jorge Serna / Conrad Servicios Administrativos Mexis SA de CV

Donors In-Kind

Tere Cazola

Carlos Sales Sarrapy

Gabriel Schimmel / Medea

Serpİl Tİmuray / Vodafone Turkey

Transportes Austral

Daniel Javier Servitje Montull

Tred Foods

Lorenzo Servitje

Andrés Turski Gottleib

Leo Shapiro

UAB Motors

Yuhber Silva / Ta-Ta

José Manuel Ugarte

Lilian Simbaqueba / LISIM

Agah Uğur / Borusan Holding

Jeffrey Sine Slome Captital

Alİcan Ulusoy / Ulusoy Uluslararası Yatırım Holding, Yönetim Kurulu Başkanı

Todd Snyder

NQM Assessoria

Juan Pablo Swett & Felipe Hurtado / Trabajando.Com

Javier Donoso / Geomar

Pabisan

Leonardo Gaidos / CINUR

Pernod Ricard Uruguay

Alberto Gana & Felipe Howard / Latitud90

Antonio Pisani & Diego Pisani / Idefoto

Bebo Gold/ Neto Comunicación Integrada

Prefix Technologies

Gordon Institute Business

Julie Cibils & Samir Safadi / Langland Institute

Aydin Yurdum / Avm Mfi Ortaklari Proje Yönetimi

Grupo Poit HeartmanHouse

Julia Rodríguez Larreta / El País Um%

Social Metrix

Universidad Católica

Alejandro Zubillaga

Webb

Roberto Solans / Hoteles Solans

Universidad de Celaya

IbmecMG

Osman Ünsal / Atlas Corporate Finance

10,000 +

Amanda Urban

Aetheros

Sportium

Enrique Varela / Nestlé del Uruguay S.A.

Alvaro Ananías & Gustavo Dibán / Genesys

Joshua Steiner

Martín Varsavsky

Stoneman Family Foundation

Veirano Advogados

Subway Link

Veuve Clicquot

Hasan Suel / Vodafone Turkey

Vialux

Super Bac Proteção Ambiental Ltda

Ana Helena Vicintin

Tecsis Tecnologia E Sistemas Avançados Ltda

Luiz Roberto Wener Wolf

Tequilera Milagro

Sérgio Werlang

Nicolás Herrera / Grant Thornton IEEM

Staples

Víctor Bórquez / Max Service

Isabella & Patricio Jaras / Nutra Bien

Tequilera Milagro

Brigard Y Castro

Rodrigo Jordan / Vertical

Nicolás Barry / Gemelo Storage Solutions

Zott

Katharsis

ENDEAVOR WILL ALWAYS REMEMBER:

RETURN ON INVESTMENT: ENDEAVOR ENTREPRENEURS generated $258 for every $1 donated to Endeavor in 2010.

INPUT

Mario Bethlem VentureCorps Brazil

Radio Montecarlo Radisson Montevideo Victoria Plaza Hotel

Karina Von Baer / Oleotop Bernard Wengerman

Fd Gravitas

Quinta Fresca

Grupo MYT

Jorge Villardino / Biogénesis

Templeton

Álvaro Moré / Young & Rubicam

Evershed

Juan Aguerre, Felipe Cat & Federico Muttoni / Advice

Damián Voltes

Monte Xanic

Erdem Yurdanur / Kokteyl & Maçkolik, Kurucu

African Leadership Academy

Tecnoblu Ind. Com. Imp. Exp. Ltda

Daniel Espinosa

Neve Gelato

Virid

Alejandro Villalon / Capital Gain

Fernanda & Pablo Maturana / Bolsas Reutilizables

Diageo

Fatima Zorzato

Mustafa Tavİloğlu / MUDO, CEO ve Yönetim Kurulu Başkanı

Steven Cohn, Italo Contenla & Nicolás Lipthay / Kitcorp

PWC

Unicar Plastics

Carlos Vignolo

Roberto De Luca / Deloitte

Ernst & Young

MBA Empresarial

Talent

Sergio López / Intelliholding

Deloitte

Zelnick Media Corp.

Jorge Vidal / SEMM

Roni Lieberman / Memory

Young & Rubicams S de RL de CV

1,000 +

Shwan Taha / Melak Yatirim

Fernando Coelho / Radio Sarandí

Bernardo Leis / Redpagos

Organización Corona

La Nacion

VICENZA

Chandon

Álvaro Lamé / Netgate

C2i

Insper

Erkut Soyak / Soyak Holding

Marian Caviglia / De la Cocina

Daniel Daccarett / Producto Protegido

Ayşegül Yürekli Şengör / Yürekli Training - Conference Consulting, Yönetim Kurulu Başkanı

Tanyer Sönmezer / Management Centre Turkiye

69

ENDEAVOR IMPACT REPORT 2010–2011 CONTRIBUTORS & BOARD

Jack Cheja Medix Argentina

OUTPUT

70

ENDEAVOR IMPACT REPORT 2010–2011 CONTRIBUTORS & BOARD

Global Advisory Board Sunny Bates Sunny Bates Associates President & CEO Jorge Becerra Boston Consulting Group Senior VP & Managing Director Gina Bianchini Mightybell Founder & CEO Peter Brooke (GAB Co-Founder Emeritus) Advent International Chairman Juan Pablo Cappello Greenberg Traurig Latin American Practice Chair Marcelo Cherto Grupo Cherto Founder & CEO Erik Dithmer Dell Vice President & General Manager —Small & Medium Business, Americas Gregory Ericksen Ernst & Young LLP Global Vice Chair, Strategic Growth Markets Taddy Hall The Nielsen Company Senior Vice President 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

Country Boards of Directors

Patrick Morin Morin Assesoria Empresarial Director Gary Mueller (GAB Co-Founder) Institutional Investor Chairman & CEO Seval Oz Google Inc. Manager, New 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 William Sahlman (GAB Co-Founder Emeritus) Harvard Business School Dimitri V. D'Arbeloff — MBA Class of 1955 Professor of Business Administration Susan Segal Americas Society & Council of the Americas President & CEO Alejandro Zubillaga Rhone Group Senior Advisor

An effective mentorship can save the entrepreneurs a few mistakes and help them take bold decisions they might not consider on their own. As a mentor, I am also inspired by the entrepreneurs’ continuous innovation and fresh thinking.

Diego Piacentini Amazon.com Senior Vice President — International Endeavor Global Advisory Board Member

ARGENTINA

BRAZIL

CHILE

COLOMBIA

EGYPT

Andy Freire Axialent Founder & President Officenet Co-founder Endeavor Argentina Chairman

Laércio Cosentino TOTVS CEO Endeavor Brazil Incoming Chairman

Salvador Said Grupo Said Executive Director Endeavor Chile Chairman

Andrés Echavarria Grupo Corona Board of Directors Endeavor Colombia Chairman

Carlos Alberto Sicupira AB-Inbev Board Member Endeavor Brazil Outgoing Chairman

Enrique Cueto Lan Airlines Executive Vice President

Antonio Celia Promigas President

Khaled Ismail Intel Mobile Communications Managing Director Endeavor Egypt Incoming Chairman

Jorge Errázuriz Grez Celfin Capital Vice President

Albert Douer Ajover Executive VP

José Luis del Río Empresas Dersa— Falabella President

Diana Gómez Memo SA Manager

Silvia de Torres Carbonell Centro de Entrepreneurship del IAE Business School Director Juan Collado Celulosa Argentina S.A. Director Eduardo Elsztain IRSA Inversiones y Representaciones S.A. President (Endeavor Argentina Chairman 1998-2008) Guibert Englebienne Globant CTO Endeavor Argentina Vice Chairman Marcos Galperín MercadoLibre.com CEO Alejandro Gorodisch Ombú Investment CEO Martín Migoya Globant CEO Luciano Nicora VN Business Process Outsourcing CEO ARGENTINA: FRANCO FOLINI, BRAZIL: M.J.AMBRIOLA, CHILE: OSCAR MALTEZ

Ariel Aisiks Geo Capital Holdings CEO & Founder

71

ENDEAVOR IMPACT REPORT 2010–2011 CONTRIBUTORS & BOARD

Linda Rottenberg Endeavor Global Co-founder & CEO Adolfo Rouillon Congelados del Sur President

Paulo Cezar Aragão Barbosa, Mussnich & Aragão Partner Fabio Barbosa Santander President Antonio Dias Leite Cetus Investimentos Partner Peter Graber Grubo Graber Co-founder & Director Jorge Paulo Lemann AB-Inbev Board Member Emilio Odebrecht Odebrecht Chairman

Jean-Paul Luksic Antofagasta Minerals President María Soledad Saieh RSE CorpGroup Interhold Board Member

Guilleromo Heins Dupont Former CEO Eduardo Pacheco Grupo Colpatria President

Christoph Schiess Transoceánica Executive President

Alejandro Santo Domingo Quadrant Capital Advisors INC Executive Director

Sven von Appen Ultragas President

Pedro Uribe Ladrillera Santafé President

Naguib Sawiris Orascom Telecom Former Executive Chairman Endeavor Egypt Outgoing Chairman Hassan Abdalla Arab African International Bank Vice Chairman & Managing Director Elijah Bassily Virgitech CEO Khaled Bichara Orascom Telecom Executive Chairman Hythem El-Nazer TA Associates Principal Ahmed Ezzat Mohamed El Baradei Presidential Campaign Managing Director

Pedro Passos Natura Co-Chairman

Youssry Helmy IdealRatings Chairman

Wilson Poit Poit Energia Founder & CEO

Marianne Hesni Hesni Group CFO

Marilia Rocca Mãe Terra Managing Partner

Tarek Mansour Pricewaterhouse Coopers Country Senior Partner/ Advisory Services Leader

Paulo Veras Imperdivel.com.br Founder

Tarek Tawfik Cairo Poultry Group Managing Director

Luis Saguier La Nacion S.A. Director Nicolás Szekasy MercadoLibre.com Former CFO Esteban Wolf Progen CEO

Endeavor Entrepreneur

72

ENDEAVOR IMPACT REPORT 2010–2011 CONTRIBUTORS & BOARD

73

ENDEAVOR IMPACT REPORT 2010–2011 CONTRIBUTORS & BOARD

Country Boards of Directors

INDONESIA

JORDAN

LEBANON

MEXICO

SOUTH AFRICA

Ciputra Ciputra Development Founder & Chairman

Ali Al-Husry Hikma Pharmaceuticals Director Endeavor Jordan Chairman

Fares I. Fares Wedge Alternatives Chairman & CEO Endeavor Lebanon Chairman

Emilio Azcárraga Jean Televisa Chairman & CEO Endeavor Mexico Chairman

Adrian Gore Discovery Holdings Founder & CEO Endeavor South Africa Chairman

Özcan Tahinciog˘lu Tahinciog ˘lu Holding Chairman Endeavor Turkey Chairman

Hlumelo Biko Circle Capital Ventures CEO

Ersin Akarlılar Mavi Jeans Global CEO

Polly Carr Ernest Oppenheimer & Son CFO

Bülent M. Çelebi AirTies Chairman

Husodo Angkosubroto Gunung Sewu Kencana Chairman Jimmy Masrin Lautan Luas Vice President Director Svida Alisjahbana Femina Group President & CEO Theodore Rachmat Triputra Investindo Arya President Director

Said Darwazah Hikma Pharmaceuticals CEO Fadi Ghandour ARAMEX International Founder & CEO Maher Kaddoura Angel Investor & Management Consultant Peter B. Kellner Richmond Management Founder & Managing Partner Endeavor Co-founder Safwan Masri Columbia University Middle East Research Center Director Ghassan Nuqul Nuqul Group Vice Chairman Fawaz Zu’bi Accelerator Technology Holdings Founder & CEO

Michel Abou Chalache Quilvest Group CEO Charles El-Hage Booz & Company Senior Partner (Retired) Selim Ghorayeb Algorithm Chairman & CEO Habib Kairouz Rho Capital and Rho Ventures Managing Partner Marwan Kheireddine Al-Mawarid Bank Managing Director Sami Khouri Teeba Holding CEO Azmi Mikati M1 Group CEO

Marcos Achar Levy Comex CEO Pedro Aspe Protego Asesores Chairman & CEO Elías Cababie Daniel GICSA Chairman & CEO Miguel Ángel Dávila Cinemex Founder Carlos Fernández González Grupo Modelo Chairman & CEO

Carlos Gómez Andonaegui Grupo Martí CEO

Dr. Precious MoloiMotsepe African Fashion International Chairperson

Bernard Minkow McKinsey Former CEO Rafael Posada Grupo Proyecta Chairman Guillermo Romo Grupo Megalab Chairman & CEO Alexis Rovzar White & Case Executive Partner Carlos Sales Sarrapy Cuasar Capital CEO Alberto Torrado Alsea Chairman & CEO Lorenzo Zambrano (Emeritus) CEMEX Executive Director

M. Emin Hitay Hitay Yatırım Holding Chairman

Paul Harris RMB Holdings Non Executive Director Vincent Mai AEA Investors Chariman & CEO

Juan Ignacio Casanueva Grupo CP CEO

Vuslat Dog˘an Sabancı Hürriyet Board Member

David Frankel Altirah Capital Founder & Partner

Andrés Gómez Grupo AXO Co-Chairman

Guillermo González Guajardo Taller de Empresa CEO

Hayri Çulhacı Akbank T.A.S ¸.

Vice-Chairman

Iris Dempsey First National Bank Wealth CEO

Ndaba Ntsele Pamodzi Investment Holdings CEO Beven Nyatoro Circle Capital CEO ennifer Oppenheimer J (Emeritus) DeBeers Fund Chariman I saac Shongwe Barloworld Logistics Africa CEO Christopher Whitfield Batswadi Pharmaceuticals CEO

Is¸ık Keçeci As ¸ur Aragon Capital Director Ali Y. Koç Koç Holding Board Member Ebru Özdemir Limak Holding Chairwoman Murat Özyeg˘in Fiba Holding Board Member Suzan Sabancı Dinçer Akbank T.A.S ¸.

Chairwoman Ferit Faik S ¸ahenk Dog ˘us ¸ Group Chairman Alp Saul Pronet CEO

TURKEY: ÖZGÜR MÜLAZIMOĞLU, URUGUAY: FLICKR: LNDHSLF72

Hendrick Kolonas Celebes Artha Ventura President Commissioner

Waddah Barkawi Ernst & Young Partner

INDONESIA: FLICKR: MR. T IN DC, LEBANON: FLICKR: EUSEBIUS, MEXICO: FLICKR: ALVARO_QC, SOUTH AFRICA: FLICKR: KYKNOORD

George Tahija Austindo Nusantara Jaya President Director & CEO

TURKEY

Mustafa E. Say AccessTurkey Capital Group Founder & CEO Mahmut Ünlü StandardUnlu CEO & Board Member

Endeavor Entrepreneur

URUGUAY Gabriel Rozman Tata Consultancy Services Vice President Endeavor Uruguay Chairman Juan Berchesi Isbel Director Virginia Brause Jiménez de Aréchaga Viana & Brause Partner Andrés Cerisola Ferrere Partner Gabriel Colla Infocorp President Carmen Correa Avina Director Horacio Correge Banco Comercial CEO Pablo Garfinkel Cines Hoyts CEO Martín Guerra Pronto CEO Álvaro Moré Young & Rubicam President María Noel Ache AIVA Vice Chairman Ariel Pfeffer Trillonario CEO

Very sincerely I tell you that Endeavor has become to me like a family in which we do really care about and cherish the success of others who go through the many difficulties and sometimes intricate roads of entrepreneurship.

Julia Rodríguez Larreta El País Director Gerardo Zambrano Zambrano & Cía.

Director

Juan Carlos de la Llera SIRVE S.A. Founder 2011 Endeavor Entrepreneur of the Year

ENDEAVOR IMPACT REPORT 2010–2011 CONTRIBUTORS & BOARD

74

Global Board of Directors Edgar Bronfman, Jr. Warner Music Group Chairman Endeavor Global Chairman Michael Ahearn True North Venture Partners, LP Chairman Emilio Azcárraga Jean Televisa Chairman & CEO Matt Bannick Omidyar Network Managing Partner Nick Beim Matrix Partners General Partner Matthew Brown CAISfunds Managing Principal & CEO

Jason Green Emergence Capital Partners Founding General Partner Reid Hoffman LinkedIn Co-Founder & Executive Chairman Peter Kellner Richmond Global LLC Founder & Managing Partner; Endeavor Co-Founder William McGlashan TPG Growth Founder & Managing Director Arif Naqvi Abraaj Capital Founder & Group Chief Executive Officer

Wences Casares Bling Nation, Inc. Founder & CEO

Joanna Rees VSP Capital Founder & Managing Partner

J. Michael Cline Accretive LLC Managing Partner

Linda Rottenberg Endeavor Co-Founder & CEO

Paul Fribourg Continental Grain Company Chairman & CEO

Brian Swette Private Equity Investor

Endeavor Entrepreneur

James Wolfensohn (Emeritus) Wolfensohn & Company LLC Chairman

Endeavor was formed for the purpose of promoting entrepreneurs in emerging markets.

Its basic model is to link up small and midsize businesses with seasoned entrepreneurs so that the little guys and gals can get the advice and contacts they need to grow their companies into bigger businesses that can employ more people — the best anti-poverty program of all.

Thomas L. Friedman Best-selling author and Pulitzer Prize winning columnist The World is Flat: A Brief History of the Twenty-first Century Version 3.0

IMPACT REPORT 2010 — 2011 HIGH-IMPACT ENTREPRENEURSHIP

ENDEAVOR 900 BROADWAY, SUITE 300 NEW YORK, NY 10003 T 212 352 3200 W ENDEAVOR.ORG