MAIN TITLE�SLIDE
Vision 2035
All figures as of May 15, 2025 unless otherwise noted.
Endeavor
Overview
We are the Global Network of Trust of, by, and for entrepreneurs.
Hande Cilingir
Insider (Turkey)
GB Agboola�Flutterwave�(Nigeria)
Edward Tirtanata
Kopi Kenangan (Indonesia)
Updated language!
With operations in 45+ emerging and underserved markets, Endeavor works to build thriving entrepreneurial ecosystems around the globe.
600+ Team Members Globally!
NEAR TERM EXPANSION
GLOBAL HQ
GLOBAL HUB
COUNTRY OFFICES
High-growth, high-impact founders into our unrivaled peer community and provide customized services to support their entrepreneurial journey.
Endeavor advances global entrepreneurship by selecting, mentoring, and investing in�top founders worldwide.
Endeavor Entrepreneurs to realize their full growth potential, become aspirational role models, and multiply their impact.
Endeavor Entrepreneurs through Endeavor Catalyst, our pioneering, rules-based fund.
2,900+
WE SELECT
WE MENTOR
WE INVEST IN
Endeavor Entrepreneurs selected
4M+
Jobs created by Endeavor companies
$88.5B
Annual Revenues generated �by Endeavor companies in 2024
Updated Metrics!
When entrepreneurs �multiply their success
ecosystems thrive.
We turn high-growth
entrepreneurs into Multipliers™
—through strategic mentorship and investment that speeds up their growth and enables them to reinvest their success in the next generation.
WHY WE DO IT
Danila de Stefano�Unobravo (Italy)
Tosin Eniolorunda�Moniepoint (Nigeria)
Sergio Furio�Creditas(Brazil)
OUR CORE BELIEF
To build thriving
entrepreneurial �ecosystems through
the Multiplier Effect™
WHAT WE DO
Leaning into the Multiplier Effect™
Our
Values
Entrepreneur�First
Network
of Trust
Pay it
Forward
We put Endeavor Entrepreneurs (EEs) �at the center of all we do; EEs in turn make Endeavor their own — joining our boards, our selection panels, and our funds.
We multiply�our impact by mentoring, training
& investing in the
next generation�of founders.
We are a global community built �on mutual respect and we always safeguard founders’ interests.
Always�Agile
We are dynamic �and flexible, adapting to changing market dynamics and fresh �data points.
Of, By & For�Entrepreneurs
Go
Big
We see crazy �as a compliment, risk as opportunity, �and impact as unlimited.
One
Endeavor
We are borderless — unified by our belief in the power of entrepreneurship and tech-enabled innovation at scale.
The Entrepreneur Experience starts�with Selection: a bespoke journey that is designed to be both transformationally Additive and rigorously Evaluative for the highest-potential founders.
Through Selection, entrepreneurs discover what makes Endeavor unique: We put the Entrepreneur First in everything we do.
Selection�Journey
First Opinion Review
5,000+ candidates screened annually
Seal of�Approval
1
Second Opinion Reviews
Local/National Selection Panel
International Selection Panel
2
3
4
Ridwan Olalere�LemFi (Nigeria)
Endeavor�Entrepreneurs
Founders who will inspire generations to dream bigger
Transparent business leaders who are willing to learn, grow and�pay it forward
Companies with an innovative business model and significant growth potential
Businesses that will create large-scale wealth and jobs by scaling faster
Companies that are at an inflection point for 10x growth
Entrepreneur
Timing
Will the founder(s)�have the ambition and ability to become a Big Bubble / Endeavor Multiplier(s) in their ecosystem?
Candidates will experience multiple inflection points. The strength of the Founder(s) & Business (proof points like past experience, top investors) push us to take Early Bets, where we can MAXIMIZE IMPACT!
Selection�Criteria
Business
Jan 2023 – Dec 2023
5,000+
1,696
603
252
121
81
Screening �& Initial Review
Endeavor mentors conduct multiple interviews, probing on business strategy, innovation, growth potential, founders' personal qualities.
Endeavor staff conduct interviews with companies to assess candidates’ viability.
Thousands of candidates receive �an initial review �by Endeavor staff �via nominations and proactive research.
Local mentors, entrepreneurs, �and board members interview and deliberate on candidates at a Local Selection Panel (LSP).
Global business leaders and top Endeavor Entrepreneurs serve as panelists to interview finalist candidates at an ISP.
Only those final candidates gaining unanimous approval from panelists become Endeavor Entrepreneurs.
First Opinion Reviews
Second Opinion Reviews
Local Selection Panels
International Selection Panels
It's Unanimous!
Endeavor’s selection process sets a high bar �for global entrepreneurship.
~1.6%
Selection �Rate
Our�Support
We stand with founders through every milestone of their journey, turning Pivotal Moments into breakthrough opportunities.
Global Community
Connect with true peers: founders across 45+ countries who’ve built global businesses to scale.
Insights from�World-Class Leaders
Gain direct access to a trusted network of global business leaders and C-suite scalers who share proven strategies and actionable insights.
Amr Shady�Tribal Credit (Egypt)
Entrepreneur First
From pivotal business decisions to defining personal moments, we are founders’ closest allies when stakes are highest.
Endeavor�Outliers
The greatest entrepreneurs never stop seeking growth.
Endeavor's Network of Trust creates a space where founders of the world’s fastest-growing companies connect and support one another on the journey of scaling their businesses — and scaling themselves as leaders.
Mudassir �Sheikha�Careem
UAE/Pakistan
Deem AlBassam
INDPT Food
Saudi Arabia
Marcos �Galperin
MercadoLibre
Argentina
Guillaume �Pousaz
Checkout
UAE/London
Daniela Binatti�Pismo
Brazil
Karim Beguir�Instadeep
Tunisia
Danila De Stefano
Unobravo
Italy
Tayo� Bamiduro
MAX�Nigeria
Cesar�Carvalho�Wellhub
Brazil
Melvyn�Lubega�Go1
South Africa
Mati Staniszewski�ElevenLabs
Poland
Beyond financial success, �our founders ignite the�Endeavor Multiplier Effect™.
Checkout “Mafia”
Companies Mentored
Companies Founded
Companies Invested In
GUILLAUME POUSAZ
CHECKOUT.COM
The Multiplier Effect™ is the process whereby successful entrepreneurs in a local market collectively train, mentor, and invest in the next generation. Through the Multiplier Effect™ tech ecosystems are jump started and sustained.
We are redefining entrepreneurial success and ecosystem building through the Endeavor Multiplier Effect™
As recently featured in a November 2024 article in Forbes: “Without the mindset of paying it forward, you might have one, two,�or three unicorns, but that’s it. Today, LatAm is home to almost 50 unicorns, many of which trace their start to earlier Endeavor Multipliers™ — the most successful founders who pay their success forward by mentoring, investing in, and training the next generation.”
Our Global Board comprises a curated group of founders, investors,�and business leaders from a variety of sectors who guide the organization’s mission and growth.
Edgar Bronfman Jr.�Waverley Capital�Board Chair
Javier Olivan�Meta
Linda Rottenberg�Endeavor
Nicolas Szekasy�Kaszek Ventures
Fmr. Mercado Libre�Endeavor Entrepreneur
Matt Harris�Bain Capital Ventures
Reid Hoffman�LinkedIn; Greylock
Chair, Endeavor Catalyst Fund
Shu Nyatta�Bicycle Capital
Veronica Serra�Pacific Investments�& Innova Capital
Nicholas Beim�Venrock
Joanna Rees�West Ventures
Martin Escobari�General Atlantic
Guillaume Pousaz�Checkout.com�Endeavor Entrepreneur
Hooi Ling Tan�Grab
Our Local Boards launch with a curated group of top business �leaders from a variety of industries and sectors.
See a snapshot of our local board members below.
Vargha Moayed
UiPath, Romania
The Edge
U2, Ireland
Taizo Son
Mistletoe, Japan
Suzan Sabancı
Akbank, Türkiye
Emilio Azcarraga-Jean
Televisa, Mexico
Harun Hajadi Ciputra Group, Indonesia
Jaime Augusto Zobel de Ayala
Ayala Corporation, Philippines
Bolaji Balogun
Chapel Hill Denham, Nigeria
Carlos Rodriguez-Pastor
Intercorp, Peru
Costanza Sbokou Constantakopoulou�T.E.MES. Greece
Dan Caruso
Caruso Ventures,�Colorado, U.S.
Souheil Hajjar
Majid Al Futtaim Trust, UAE
Jorge Paulo Lemann�AB InBev, Brazil
Musaab Al-Muhaidib
Al Muhaidib Group Entertainment,�Saudi Arabia
Anton Borzov
STRATMINDS;�Frm. Whatsapp,�Ukraine
Carlos Torres Vila
BBVA, Spain
Increasingly, top Endeavor Entrepreneurs are taking seats on our�Local Boards, reflecting our of, by, and for entrepreneurs ethos.
Select Endeavor Entrepreneur board members pictured below.
We have 50 Outlier Endeavor Entrepreneurs serving on local boards as of March 2025.
Songe LaRon
Squire, Western NY
Melvyn Lubega
Go1, South Africa
Simon Borrero
Rappi, Colombia
Jason Wenk
Altruist, Detroit
Hande Cilingir Insider, Turkiye
Luke Nguyen
Athena, Vietnam
Karim Beguir
Instadeep, Tunisia
Sergio Furio Creditas, Brazil
Board Chair
Mudassir Sheikha Careem, Pakistan�Board Chair
Martin Migoya Globant, Argentina
Board Chair
Verónica Pascual Boé
Asti, Spain�Board Chair
Eric Cheng Carsome, Malaysia
Deem Albassam
INDPT, Saudi Arabia
GB Agboola�Flutterwave, Nigeria
Mohamed Azab
Grinta, Egypt�Board Chair
Barry Napier
Cubic Telecom, Ireland
18
Endeavor Catalyst is �the global investment fund �of Endeavor.
Sophia Alj &�Ismael Belkhayat
Chari (Morocco)
Abdulmajeed Alsukhan�& Turki Bin Zarah
Tamara (Saudi Arabia)
Endeavor Catalyst has pioneered a 50/50 profit sharing model to invest in EE-led companies, generate competitive returns for LPs, and make Endeavor financially self-sustaining.
led by a qualified,�institutional investor.
raising equity�rounds of $5M+
We invest in Endeavor�Entrepreneur companies �(up to 10% of the round, �max $2M)
The Endeavor Catalyst Committee reviews each investment and ensures it meets the fund’s criteria.
Reid Hoffman�Co-founder, LinkedIn�Partner, Greylock�Chair, Endeavor Catalyst Committee
Nick Beim�Partner, Venrock
Nicolas Szekasy�Co-founder & Managing Partner, Kaszek
Former CFO, MercadoLibre�Endeavor Entrepreneur
Joanna Rees�Managing Partner,�West
4
Funds
360+
Investments
35+
Countries
11
Publicly-Listed �Companies
We have proven our model �over 10+ years.
30
Exits
$540M+
Assets under �management
Companies Still�Operating or Exited
92%
63
Companies
Valued at $1B+
21
Our guiding principles �have remained consistent �since day one.
Cordel Robbin-Coker�& Lucy Hoffman
Carry1st (South Africa)
Financially �support Endeavor Entrepreneurs-led companies.
Connect LPs �to leading global investment opportunities that generate competitive returns.
Make Endeavor �a financially self-sustaining organization through our pioneering 50/50 profit sharing model.
The Fund V
High Five!
Vision 2035
How we got here
Creating�a New Language of Success via the Endeavor Multiplier Effect™ and our Self-Sustaining Model
Phase I
Phase II
Phase III
1997–2010
2011–2024
2025–2035
Championing High-Impact Entrepreneurs Outside of Silicon Valley
Catalyzing Entrepreneurship Ecosystems Around the World
Phase 1a:�Seed-Stage Journey
1997–2003
Phase 1b:�The Repeatable Model
2004–2010
Phase I
Phase II
Phase III
Championing High-Impact Entrepreneurs Outside of Silicon Valley
Catalyzing Entrepreneurship Ecosystems Around the World
Creating�a New Language of Success via the Endeavor Multiplier Effect™ and our Self-Sustaining Model
1997–2010
2011–2024
2025–2035
Phase 2a:�The Hybrid Organization
2011–2017
Phase 2b:�Raising the Bar
2018–2024
Vision 2035
Where we are going
Championing High-Impact Entrepreneurs Outside of Silicon Valley
Catalyzing Entrepreneurship Ecosystems Around the World
Phase I
Phase II
Phase III
1997–2010
2011–2024
Creating�a New Language of Success via the Endeavor Multiplier Effect™ and our Self-Sustaining Model
2025–2035
Endeavor�Vision 2035
BHAGs!
Implement �Expansion 3.0
Elevate the Endeavor Entrepreneur Journey
Advance the Endeavor Multiplier Effect™
Double Down on�Endeavor Catalyst
Endeavor�Vision 2035
Our Five Strategic Pillars
Drive Operational Excellence
Each Vision 2035 BHAGs will be measured by ambitious KPIs
Drive Operational Excellence
Note: (1) High-Impact Entrepreneur; (2) $1B+ company founders; (3) Endeavorized as Endeavor Entrepreneurs, BMs, and/or Catalyst LPs
Double Down on�Endeavor Catalyst
Pioneer a Self-Sustaining, Hybrid organization model
Elevate the Endeavor Entrepreneur Journey
Capitalize on super powers to provide If Not for Endeavor support at Pivotal Moments
Implement�Expansion 3.0
Become The Network of Trust for top founders across 100 countries Elsewhere
Advance the Endeavor Multiplier Effect™
Redefine the Language of Success via the Endeavor Multiplier Effect™
Become one of the�Best Places to Work for�top talent
We Have Aligned our Operational Goals with Values-aligned Key Performance Indicators
Each key performance indicator aligns with an Endeavor value.
Percentage of eligible deals for which Endeavor Entrepreneurs and lead investors carve out Endeavor Catalyst allocations.
Percentage of Endeavor WW Budget funded by “Entrepreneur First” revenue sources: Catalyst Returns; Board dues of Outlier EEs; EE giveback + some (EE-focused) Corporate Partnerships
Entrepreneur First/Network of Trust
Pay It Forward
Go Big
Percentage of Big Bubbles — unicorns and companies achieving $1B+ exits — Endeavorized as EEs, Board Members, and/or Endeavor Catalyst LPs.
2035 Target
95% allocations in EC eligible deals, including all those oversubscribed�and those which we learn about�ex-post facto
2035 Target
75% Endeavor Worldwide budget funded by these Entrepreneur First sources; remainder of budget funded by other “mission-aligned” revenue sources
2035 Target
75% of Big Bubbles measured�3+ years after Endeavor’s entry in a country/region that are EEs, Board Members, and/or Catalyst LPs
Vision 2035
How we get there
Implement
Expansion 3.0
HOW WE GET THERE
Implement �Expansion 3.0
Elevate the Endeavor Entrepreneur Journey
Advance the Endeavor Multiplier Effect™
Double Down on�Endeavor Catalyst
Drive Operational Excellence
Expansion 3.0 will enable the selection, support & investment in EEs from ~100 countries by 2035, but not all locations require an Endeavor office.
To ensure mission-alignment, Global will continue to lead all expansion activities.
Home Office
Global Hub
Country
Single Country Local Office that serves a Tier I ecosystem
Region
Regional Cluster Office that serves multiple country ecosystems (Tier I or Tier II), anchored by an existing or New Tier I Country
Global City
A city that is a destination hub for diaspora founders, capital, and connection
(e.g., London, Dubai, Singapore, NY)
From LATAM beginnings to covering almost all continents in 2025 through our New Country Expansion model.
We’ve helped build thriving entrepreneurial ecosystems �in 45 countries over 27 years and counting
BALKANS
EAST AFRICA
GCC
NORDICS
THAILAND
SOUTH KOREA
BANGLADESH
BALTICS
NEW ZEALAND
AUSTRALIA
REGIONAL CLUSTERS
GLOBAL HQ
GLOBAL HUB
NEW COUNTRY OFFICES
COUNTRY OFFICES
ANDEAN
CENTRAL AMERICA
To select, support & invest in EEs from 100 countries, we will adapt our New Country Expansion Model to meet the opportunity: Expansion 3.0!
WEST
SOUTH
MIDWEST
SOUTHEAST
NORTHEAST
Country attractiveness for expansion is assessed by level of VC activity and expected market potential
| Description | | Example |
Tier I | Endeavor-ready markets: Mature entrepreneurial ecosystem with robust pipeline of HIEs | |
|
Tier II | High-potential markets (soon to be Endeavor-ready): Entrepreneurial ecosystem with Unicorn/Soonicorn companies and/or benefits from combining footprint with smaller existing Local Offices | |
|
Tier III | Immature markets (not Endeavor-ready): Early-stage ecosystem that should be monitored for future expansion opportunity and one-off EE selection by another Local Office |
|
High VC Activity�($ invested, # transactions)
Low VC Activity
High Mkt. Potential
(population size, real GDP growth, PPP / capita)
Low Mkt. Potential
Standalone Country Local Offices will continue to be launched by Global in Tier I ecosystems where operating in an exclusive market makes sense. This model works best in a country with:
Single Country�Home Office
Endeavor Ukraine
COUNTRY HOME OFFICE
Our belief now matters: Huge potential for Ukraine’s founders to continue leading the way in deep tech and innovation.
CEE remains an important region for Endeavor with startup value doubling over the last 5 years (to €213B today). Poland, Ukraine, and Estonia lead the way, contributing over 50%.
Resilient entrepreneurs will be an essential part of the Ukraine’s rebuild and resurgence.
of tech founders intend to return to Ukraine post-war; keeping this link will be important to ensure future role models for the next generation.
70%
Ukraine diaspora event in Poland
A new element of Expansion 3.0 will be strategically launching Regional Cluster Offices in Tier I and Tier II ecosystems in order to:
Regional Cluster�Home Office
Cluster Criteria
Regional Clusters assessed based on four criteria
High regional cohesion and cross-border connectivity, and regional entrepreneur buy-in
Cluster will amplify Endeavor’s impact “elsewhere” and Endeavor still has space to become a/the key ecosystem player
Financial and other commitment from Board Members and key ecosystem stakeholders to create regional cluster
Regional �Cohesion
Transformational Impact
Pull for Endeavor
Cluster includes three or more Tier I or Tier II countries*, a strong anchor-LO, and a robust pipeline that can generate 3-4 HIEs annually
Ecosystem Readiness
Note: (*) Including anchor office
Bulgaria/SEE: testing the cluster concept
REGIONAL CLUSTER
Scope & Steps
Rationale & Key Questions
People
20M
GDP
$502B
Unicorns
9
Home Office
Global Hub
Country
Single Country Local Office that serves a Tier I ecosystem
Region
Regional Cluster Office that serves multiple country ecosystems (Tier I or Tier II), anchored by an existing or New Tier I Country
Global City
A city that is a destination hub for diaspora founders, capital, and connection
(e.g., London, Dubai, Singapore, NY)
Expansion 3.0 will enable the selection, support & investment in EEs from ~100 countries by 2035, but not all locations require an Endeavor office.
To ensure mission-alignment, Global will continue to lead all expansion activities.
A Global Hub is a strategic Endeavor office in a major “global city” where we:
Global Hub
We are strategically launching Global Hubs in cities serving as geo-economic centers to enhance capabilities of Local Offices, accelerate EE access to capital markets, and provide a second home for Diaspora founders.
Dubai
(2025)
London
(2024)
GLOBAL HUB
New York
Singapore
(2026)
Miami
San Francisco
Elevate the Endeavor Entrepreneur Journey
HOW WE GET THERE
Implement �Expansion 3.0
Elevate the Endeavor Entrepreneur Journey
Advance the Endeavor Multiplier Effect™
Double Down on�Endeavor Catalyst
Drive Operational Excellence
OneEndeavor Network
Selection
Outliers
Capital
Growth
If Not For Endeavor�Leveraging our unique Superpowers, Endeavor offers our entrepreneurs access to one-of-a-kind resources and personal support across their entire journey
Collaborative teams deliver unparalleled access to knowledge + resources spanning the Globe
Selection as a Service provides strategic value and insights from world-class leaders + storytelling enhancement
Dedicated Capital team serves as Founder-First sounding board for capital strategies, investor intros and paths to liquidity
Bespoke offerings target Pivotal Moments for rapidly growing businesses, founders & teams — with special emphasis on the oft-overlooked human aspects of scaling
Retreat for Top Founders fosters lifelong relationships and transformative learnings.
From Pay-it-forward programs to support on what's Next, we provide the platform to multiply impact
OneEndeavor Network
Capital
Outliers
Elevating the EE journey requires coordinated local, regional, and global strategies to uplevel our OneEndeavor Team & Mentor Network, define our Superpowers, and enhance our next-stage offerings.
Growth
Selection
2. Endeavor MDs in the Philippines and Vietnam offer Tyme strategic market expansion including partners, customer acquisition, product localization.
OneEndeavor Team
OneEndeavor Team at EEs’ Fingertips: TymeBank
When we work as a OneEndeavor Team to ensure EEs have access to tailored and timely connections to the most relevant mentors, capital & market opportunities, this fuels a pay-it-forward flywheel.
4. Worldwide fintech experts mentor Tyme on growth strategy, customer acquisition, product development and IPO strategy.
1. Endeavor supports Tyme on raising capital with investor introductions to global funds comfortable with geographic diversity.
5. Tjaart joins South Africa Board�to guide the local team.
Tjaart van der Walt�and Coen Jonker
6. Coen is an ISP Panelist and�mentor at our new Singapore Hub.
3. David Velez, Nubank co-founder & CEO, meets Tyme Bank founders at Endeavor’s NYC Global Gala in Dec 2023 through a curated intro. Nubank leads Tyme’s Series D round in Dec ‘24.
What if our metrics reflected the true power of OneEndeavor? By measuring our global impact together, we can unlock even greater value for entrepreneurs while strengthening our worldwide community.
EEs at Global Programs & Events
Track EE participation across worldwide events to connect our community through flagship programs and support cross-border opportunities.
Cross-Market Connections
Intentionally track EEs that benefit from resources and support from other markets, to incentivize resource sharing across offices.
EEs from other markets supported
Incentivize servicing EEs across market boundaries, overcoming silos and reinforcing that entrepreneurs belong to one global Endeavor network.
New KPIs to fuel our OneEndeavor Team
OneEndeavor Network
Endeavor One AI Platform
High-impact mentoring and servicing requires deep understanding of each EE's unique journey.
Going forward, we'll equip EX teams with the tools and knowledge to provide even smarter, more strategic support.
Introducing Endeavor One — our AI platform�that empowers our teams to:
Endeavor One AI: Bespoke Mentoring at Scale
56
Collaborative Mentor Lists
Empowering staff to create and share curated mentor overviews, streamlining the matching process and optimizing connections between entrepreneurs and ideal mentors/EEs.
Enhanced Mentor Overviews
Streamlined process from discovery through evaluation—to reduce due diligence time, enhance knowledge transfer, and foster meaningful connections between mentors and EEs
Knowledge Sharing
Access and share unique knowledge from our network, streamlining the experience for candidates, entrepreneurs, and mentors with friction-less access
New �Mentor Discovery
57
New Candidate Profile Builder
Access advanced tools and flexible editing capabilities to craft diverse candidate profiles, enhancing profile writing and panelist consumption
New Panelist Experience
Experience seamless ISP and LSP assessment with our new digital platform. Panelist will access candidate profiles, review materials, and submit evaluations - all in one professional interface designed to enhance their selection journey.
New �Selection Journey
Monitor Panelist engagement in real-time:
Track how Panelist interact with digital profiles, gaining valuable insights into evaluation patterns and profile effectiveness
Paul Desmarais III
Chairman & CEO, Sagard;�Endeavor Canada Board Member;� invested in founders from Greece & Turkey
Upleveled Mentor Network
To add significant value to our EEs, we need to engage the most prominent business leaders�and founders within and beyond our markets.
Local Teams do this by:
22% �of international mentorships involved mentors from either Brazil or Mexico
Mariate Arnal
Former Microsoft, Google, and Stripe
Guilherme Benchimol
Founder & Chairman, XP
Paulo Veras
Founder of 99,�1st Brazilian unicorn
Cultivating a World-Class Network Without Borders
Andreas Stavropoulos
Partner, Threshold Ventures;�Endeavor Greece Vice Chairman;�based in California and gives back to the Greek ecosystem
Ilan Benhaim
Chairman of Endeavor Morocco;�mentors founders from�Egypt, UAE, Portugal
Michael Guptan
Global Head of Corporate Development, Walmart; Endeavor NW Arkansas Board Member
Ritika Butani �Global Head Corp.Strategy, Remitly; Fmr. Toast, Square
Oliver Jay
Managing Director, OpenAI Intl.
Jo Lambert
COO, Olo;�Fmr. Yahoo, Paypal, Venmo
David Vélez
Founder & CEO, Nubank
Mike Smith
Fmr. COO, Walmart; Fmr. COO, Stitchfix
David Wells�Former CFO,�Netflix
Shailesh Rao
Fmr. Partner,�TPG Growth, Twitter, Google
Chris Misner
Head of Intl., Airbnb; Fmr Roblox, Apple
Upleveling Our Worldwide�Mentor Network
We will continue to seek out and recruit C-suite business leaders and founders from the companies most sought after by our EEs.
Our Global Team will do this by:
Dan Springer
Fmr. CEO, Docusign
Upleveled Mentor Network
Will Pruett
Portfolio Manager, Fidelity Investments
Nik Storonsky
Founder & CEO, Revolut
Chris�Farinacci �Fmr. COO,�Asana
OneEndeavor Network
Outliers
Capital
Growth
Selection
After Raising the Bar on EE Selection criteria, we’re continuing to hone in on Selection as�a Service via strategies for ecosystem mapping, pipeline building, and value-added recruiting of Top Founders.
Entrepreneur Pipeline & Selection will continue to serve�as the beginning of Endeavor’s flywheel.
To achieve Vision 2035, we must:
Worldwide Selection Strategy
Aimee Connolly of Irish company Sculpted by Aimee during an interview at the 97th ISP in Rome.
Know Everyone
Mapping the ecosystem with the support of tools like Pitchbook helps us stay on top of every new and noteworthy deal, investor, company.
Tactics:
Local Selection Objective
Mission-Aligned Pipelines & Programs
Tactics:
Our unique value prop in Selection = focus on being value-add, even TRANSFORMATIVE.
Local Selection Objective
Sary Azakir and Wael Bizri (center) of Lebanese company Toothpick were selected at the 100th ISP in Dublin.
DO select the best founders at the best time; DON’T “over-process”
Tactics:
Selection is the start of the Entrepreneur Journey with Endeavor. Getting the right founders early is the key to our success.
Local Selection Objective
Aldi Haryopratomo�Mapan/GoPay (Indonesia)
Brynne McNulty Rojas�Habi (Colombia)
Third
Company!
New EE Second Company Policy
To formally activate an EE’s second company, MDs should:
This policy applies when EE is the CEO of the new business.�If the EE is NOT the CEO, please email selection@endeavor.org (cc’ing capital@endeavor.org) to discuss. LINK to full policy.
We want to bet on our EEs early in the next phase of their journeys. Formally activating second (or third…) companies must be uncomplicated.
Ayman Essawy,�Dsquares > Lucky ONE > Connect Money (Egypt)
Local Selection Objective
Some of Endeavor’s Biggest Success Stories are Endeavor Entrepreneurs’ Second Companies
Local Selection Objective
Cornershop
Oskar Hjertonsson�& Daniel Undurraga
Xapo
Wences Casares
Kitopi
Mohamad Ballout
Rappi
Simon Borreo & Sebastian Mejia
Loft
Mate Pencz &�Florian Hagenbuch
Mural
Mariano Suarez Battan�& Patricio Jutard
Altruist
Jason Wenk
Team
Focus
Projects
Global Selection Is Working Alongside Country & Regional Offices to Achieve Our Vision 2035 Goals
Global Selection Objectives
Hybrid 2025 ISP Calendar
I finally get Endeavor. I feel like a fool for not joining earlier.
“
Honestly, I was blown away by how well curated the panelists were, and how much they knew about our industry.
“
“
I could sense that the panel was designed fully to help entrepreneurs to excel.
Dubai
FEB 2025
Warsaw
JUNE 2025
Cambridge UK
SEPT 2025
Cape Town
DEC 2025
Global Selection Updates
(top right) Panelists at Aviva Stadium�in Dublin during interview day.
(above) A vISP interview.
100th ISP Entrepreneur NPS:
100
OneEndeavor Network
Outliers
Capital
Growth
Selection
From early Capital Opportunities to Paths to Liquidity, our EEs turn to Endeavor for deep relationships with Capital Market Partners, strategic advice, Catalyst co-investment, and our Entrepreneur-First focus.
Global Access to Capital
Doubling down on�Access to Capital: support Endeavor Entrepreneurs at each stage of their capital and funding journey
Mentorship & Guidance�on Fundraising Strategy and Capital Markets
VC fundraising knowledge and resources from 15 years of A2C
Market insights:�Endeavor Catalyst data
Mentor Capital Program:�VC fundraising, M&A, IPO
Connect the dots:�EE to EE connections
Capital Connections�to the best global investors and partners
Endeavor Catalyst co-investment check
Full Fundraising Roadshow Support
Capital Market Partners:�Broaden network
Invest in 100% of qualifying financing rounds
Proactive management of high priority pipeline and 2nd companies
Leverage “insider” status to be EE first with shareholders
Global Investor Network:�Re-engage and Recruit
M&A target mapping:�buy-side and sell-side
78
fundraises supported in 2024
29�co-investments�in 2024
Currently helping Roberta Vasconcellos (Woba, Brazil) prepare for her�Series B — connected her with 7 top investors on trips to NYC and SF
Capital Markets Network Management
Early stage
Pre-seed to Series A
Core VC
Seed - Series C
Growth Equity
Series B - Series D
Late Stage
Crossover, Pre-IPO, PE, Advisors
Focused, targeted “Recruit-to-Engage” strategy to bring 100+ priority funds / contacts into Endeavor’s network per year, launched in Q4 ‘24
We are addressing a gap in Endeavor’s relationships with key later-stage players in the capital markets ecosystem
Focus for P2L
Expanding and upleveling our Capital Market Partner network at all stages
Multilayered relationship-building with all relevant actors in PE, Advisory, Corp. Dev, Pre-IPO; first key introductions being made to test value-add
New Relationships for Path to Liquidity
Tony Rodriguez�Private Investments VP
Liza McEachern
Global Privates Portfolio Director
Matt Lipton
Partner
Advisory
PE
Corp. Dev
Late Stage Investors
Banks
Law firms
Growth Equity
Special Situations
Exchanges
First introductions made
IPO
M&A
PE
Leaning in to support EEs at a critical inflection point�Companies Reaching Growth Stages Accelerating Pursuit of Liquidity
In the next 1-3 years:
10+ EE-led Companies�could list in the U.S.
10+ EE-led Companies could�list in alternate exchanges
Dozens more could pursue strategic M&A and Private Equity
Later-Stage Capital: Path To Liquidity
Uruguayan company dLocal went�public on Nasdaq in June 2021.
Indonesia company Bukalapak became the first unicorn listed on the Indonesian Stock Exchange (IDX) in 2021.
Visa acquired Pismo for�$1B in June 2024.
(right) Daniela Binatti,�Pismo (Brazil)
Endeavor Entrepreneurs Acquiring & Merging Companies
Later-Stage Capital: Path To Liquidity
Nigerian mobility EE Moove acquired Brazilian EE Kovi�in January 2025.
Italian EE Bending Spoons has acquired many companies, including Evernote, WeTransfer, Issuu and Kamoot.
Luca Ferrari�Bending Spoons
Jide Odunsi�& Ladi Delano�Moove
João Costa & Adhemar Milani Kovi
<
<
Egyptian EE MaxAb merged�with Kenyan EE Wasoko�in August 2024.
+
Belal�El-Megharbel�MaxAb
Daniel Yu�Wasoko
Regional Access to Capital
Deal Makers
Endeavor Jordan welcomed 420+ participants from 26 different countries!
Connect
Regional Networks: coordinated�events introduce the most promising entrepreneurs to regional and intl. investors, capital opportunities
Match.VC LATAM
60+ entrepreneurs from�9 countries connected with�42 funds in a fully-virtual event. 70% of the matches turned into investment opportunities!
MatchCap ASIA
70+ companies met in Singapore and connected with 90 investors from VCs and Debt Fund at a 3-day event.
OneEndeavor Network
Growth
Outliers
Capital
Selection
As many EEs reach the next phase of growth, we continue to develop and test If Not For Endeavor bespoke offerings & curated events focused around Pivotal Moments of the scaleup journey
Endeavor can foster growth & learning�at Pivotal Moments
Pivotal Moments are crossroads where decisions echo far beyond the present— moments when founders and companies face challenges or opportunities that can redefine their future.
By focusing our support around these high-stakes transitions, we concentrate resources where they create the most value and build trust when it matters most.
Map pivotal moments
Teams at Scale
Organizational Growth
Geo Expansion
Founder Wellbeing
*Non exhaustive list, mapping in progress
Pivotal�Moments*
Support founders as they navigate critical team changes and organizational decisions.
Expansion support through Access to Markets to transform local success into global growth.
Support to navigate high-pressure moments.
Leadership Programs support founders and their C-Suite to develop critical best-in-class business knowledge and innovation practices.
Stage Specific
Cross Stage
Personal
Company
Global
Market Specific
Regional
Stage
Type
Geo
Entrepreneurs face pivotal moments both at specific junctures in their ventures and unexpected points throughout their career
Personal
Founder Support
Company
Leadership & Relationships
Talent & Governance
Capital & Finance
Growth
Founder first resources to thrive while building a company, combating loneliness. | Build authentic partnerships and lead effectively across all stakeholder relationships. | Build teams and structures where talent thrives, across markets and growth phases. | High quality funding at each stage and create opportunities for access to liquidity. | Support the transition to hyperscalers in M&A and market expansion to maintain the growth curve |
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EXPLORE
LAUNCH & GROW
PREPARE
Welcome to Mexico: this year-long Access to Markets program equips EEs from outside of MX and their local country managers with the tools, resources, and the connections they need�to successfully�establish and scale�their businesses�in Mexico.
153
EEs engaged in London in 2024
The NEW London Hub gathered the worldwide network of EEs, founders and mentors at 7+ events in 2024.
38�founders joined the Tour
Endeavor Asia Entrepreneur Tour in Japan gathered founders from 9 countries, including Brazil, Bulgaria, Turkey and the U.S.
Endeavor Lebanon helped Rajat Bhargava (EE, Jumpcloud, Colorado) access Beirut’s Tech Talent and establish a local office
Endeavor Kenya supported EE�João del Valle (Ebanx, Brazil)�with Market Expansion into Africa, including the connection to�Ken Njoroge (Cellulant, Kenya)
Pivotal Moments: Geo Expansion
Organizational Growth
Exclusive Masterclasses�led by world-class founders and operators including:
Pivotal Moments: Organizational Growth
At the heart of every successful company is visionary leadership and a strong, cohesive team.��The Organizational Growth Program is designed to equip Endeavor Entrepreneurs with the tools, strategies, and peer support needed to scale leadership, teams, and culture for long-term success.
65+ �Outliers have already joined!
Mentorship of Guillaume Pousaz,
Checkout.com (UAE), to newly selected Ridwan Olalere, LemFi (Nigeria).
Focused Peer Groups�And tailored mentorship, ensuring actionable insights at every stage of their scaling journey.
65+ founders among which Sergio Furio (Creditas), Daniel Vogel (Bitso), Stefan Batory (Booksy), Alister Moreno (Clikalia), Michael Lahyani (Property Finder), Tamim Khalfa (Toters), Nate Clarke (TymeBank), Gaston Irigoyen (Pomelo), Omer Khan (PostEx), Jaime Arrieta (Buk), LP Maurice (Busbud), Jose Bonilla (Chiper), Lucas Vargas (Nomad)
POWERED BY:
Stanford Business School
Innovation & Growth
Harvard Business School
Scaling Entrepreneurial Ventures
MIT Sloan
Innovate the future
Exec Education: Curated programs in partnership with top Business Schools for all EEs and their leadership teams
145+
EEs &�C Suite
AVERAGE NPS�SCORE OF�90
Pivotal Moments: Teams at Scale
Care for the Journey:�Support EEs Wellbeing
Pivotal Moments: Founder Well Being
EEs face immense pressure - from rapid scaling and high-stakes decisions to carrying the hopes of investors, teams, and customers.
This sustained stress shapes their actions and often their company trajectory.
We're EEs’ trusted ally in mental wellbeing, offering a safe harbor where vulnerability becomes strength.
Peer Support�Our curated Peer Circles methodology powers intimate founder groups, thoughtfully matched by growth stage, leadership style, and entrepreneurial trajectory.
Coaching Network�We have built a network of trusted mentors and coaches who understand the unique pressures of scaling in high-growth environments.
Ecosystem Advocacy�Through initiatives such as Untold - a storytelling platform for authentic founder experiences and coping strategies - we work to normalize mental health conversations.
Integrating support to EEs at local, regional and global level:
100+
EEs in CIRCLES IN 2024
Abi Mandelbaum
Opcion Yo (Miami)�sharing his mental
health journey.
Paulo Veras
99 (Brazil)�Shared his story on Untold Stories
Curated Local Events
Exclusive Retreats�Immersive, off-site experience designed to foster deep connections among founders
Community-wide events�Gatherings designed to foster connections within the broader Endeavor network
Regional Events�The strength of our regional presence comes to life on regional events
Experiencia Endeavor in Argentina hosts 40,000 attendees annually across 8 different events, inspiring the next generation of potential founders.
The Endeavor Entrepreneur Retreat hosted by Endeavor Spain in Mallorca gathered 36 EEs. Spain also hosts a “Winter Games” edition.
Curated Local Events�Deliver Worldwide Value
Endeavor Nigeria’s Catalysing Conversations was a powerhouse event that brought together 400+ founders, investors, and corporates.
Endeavor Chile’s Internationalization Summit showcases founders that expanded their business beyond Chile’s borders
Curated Local Events
Endeavor Chile hosts an Annual Retreat which convenes the broader Andean network. This year was held at Huilo-Huilo National Park and had 200+ attendees including EEs from Chile, Colombia, Peru, and Argentina along with MDs from Miami and Ecuador.
Endeavor Greece holds Greeking Out events all over the world where they connect Greek diaspora who are already involved or interested in learning about the transformation of the innovation ecosystem that has been taking place in Greece.
Endeavor Kenya launched a series called Empowering Founders Growth: An Evening of Inspiration and Connection focusing on founders’ mental health and well-being.
October 22-24, 2025
Curated Events�at Global Scale
Curated Global Events
Introducing: Endeavor Week
Endeavor Week transforms our annual gala into a high-impact global gathering. It serves as the ultimate platform for founders, investors, and board members to connect, share insights, and strengthen the Endeavor Multiplier Effect.™�Our long-term goal is to position it as a fixture in the calendars of key figures in the global entrepreneurship ecosystem.
The Gala. A flagship evening celebrating the impact of high-growth entrepreneurship worldwide.
Endeavor House. A NYC home base for our community, with space to shine the spotlight on our founders and the regions they represent.
EE Day. A day bringing Endeavor’s signature servicing to life, connecting entrepreneurs with the best the NYC ecosystem has to offer.
Investor Events. Showcasing our portfolio and top entrepreneurs across investment stages to our LPs and New York’s leading VCs.
Worldwide Board Gathering. Gathering our greatest advocates and supporters to reflect on the year and build towards the future.
Endeavor Week: A Big City Stage for a Go Big Network from Dec 2–5
OneEndeavor Network
Selection
Outliers
Capital
Growth
Our Outliers push boundaries, reach for the stars, and embody our Go Big spirit; in turn, we provide them a Network of Trust and a place among real peers where they can confide, learn, grow, and give back.
The most exceptional performers — our top 10% — earn their place in the Outliers class.
As EE companies continue to raise the bar, Outliers criteria evolve to capture true breakthrough growth.
True to our Network of Trust, these insights remain exclusively within our community, empower us to elevate support for EEs at every stage, and foster an environment where personal growth thrives.
Outliers Criteria
Outliers Criteria: Setting New Heights
Scaled Up & Growing
Karim Beguir �Instadeep (Tunisia)
Brynne McNulty & Sebastian Noguera�Habi (Colombia)
Ridwan Olalere �LemFi (Nigeria)
Scaling Up
Multipliers
The 2025 class has 401 EEs from 235 Companies
$100M
Median Revenue (2024)
66%
Median CAGAR�(last 3 years)
36
Exits
80
COMPANIES VALUED
AT $1B+
14
Publicly Listed Companies
$42B
In Capital raised
(last 3 years)
4x increase since�2020
Outliers at a Glance
Local Dinners for Outliers
Endeavor Brazil pioneered “Outliers Welcome Dinners” to celebrate the new cohort of outliers. The 2023-24 editions were hosted by Sergio Furio (Co-Founder, Creditas, & Chairman of the Board of Endeavor Brazil) and by Roberto Dagnoni (Founder, Mercado Bitcoin).
9�Offices hosted Outliers Welcome Dinners in 2024
Endeavor Nigeria held an Outliers + Watchlist gathering in Lagos.
Endeavor Saudi and Endeavor Egypt hosted their first Outliers Welcome Dinner in 2024.
Outliers Dinners �in Singapore, Jakarta
Outliers Retreat
Outliers Retreat Highlights
I’m going back home knowing that I’m never alone in this crazy startup founders journey! ❤️”
VINCENT ISWARATIOSO
DANA, Indonesia
“
I’m 51 and for the first time in my life it felt like I was with my tribe of people 😂Tremendous feeling, thank you all for the sharing and the camaraderie!”
“
GREG KRASNOV
Tonik, Philippines/Ukraine
Highest NPS to date:
93
113�Outlier EEs from 32+ Countries
Global Outliers Program
Bespoke Global-Scale Programs for Outliers
Tobi Lutke
Founder,�Shopify
Tony Xu
Founder & CEO, DoorDash
Creating powerful spaces for founders to share challenges and insights for 80 EEs in intimate Virtual Peer Circles.
The Outliers Speaker Series complements these connections with inspiring virtual sessions, featuring exceptional speakers sharing their scaling journeys.
In 2025 we are running Global Scale Bespoke Programs to support EEs at Pivotal Moments with best-in-class experiences (e.g. Inorganic Growth, Teams at Scale, Global Expansion).
Claire Hughes�Johnson
Former COO, Stripe
EndeavorNext
Nicolas Szekasy
Kaszek Ventures
Tan Hooi Ling
Grab
EndeavorNext
EndeavorNext is a new program to help EEs write their next chapter after exit, whether they choose to build again, invest, or guide others. The first “pilot” of EndeavorNext will involve 3 tracks:
Mohamad Ballout
Kitopi
45%�ISP Panelists are Outlier EEs
EndeavorNext
EEs Multiply Their Impact�by Paying it Forward
Help select and guide the next generation through mentorship and by joining Selection Panels.
From EEs to Board Members: 87 EEs already powering our flywheel worldwide.
200+ EEs invest in and fuel the next generation of high-impact founders as LPs in Endeavor Catalyst Funds.
Sergio Furio
Creditas�Brazil Board Chair
Verónica Pascual
ASTI �Spain Board Chair
Mudassir Sheikha
Careem�Pakistan Board Chair
Endeavor Outliers�Turned Board Chairs
Advance the Endeavor Multiplier Effect™
HOW WE GET THERE
Implement �Expansion 3.0
Elevate the Endeavor Entrepreneur Journey
Advance the Endeavor Multiplier Effect™
Double Down on�Endeavor Catalyst
Drive Operational Excellence
Endeavor Multiplier Effect™
Endeavor
Multiplier Map™
Network Map of an Entrepreneurial Ecosystem
Single Founder’s Impact
(i.e. their Bubble)
We are redefining entrepreneurial success and ecosystem building through the Multiplier Effect™
As recently featured in a November 2024 article in Forbes: “Without the mindset of paying it forward, you might have one, two,�or three unicorns, but that’s it. Today, LatAm is home to almost 50 unicorns, many of which trace their start to earlier Endeavor Multipliers™ — the most successful founders who pay their success forward by mentoring, investing in, and training the next generation.”
The process whereby successful entrepreneurs in a local market train, mentor, and invest in the next generation. Through the Multiplier Effect™ tech ecosystems are jump started and sustained.
Endeavor Multiplier Effect™
Why It Matters
As more successful founders�adopt a pay-it-forward ethos�and multiply their impact, the�more local entrepreneurship and innovation thrive.
Even a small group of 3-4 founders who become Endeavor Multipliers — by growing their Bubbles of Influence & Impact — will generate the Endeavor Multiplier Effect™ transforming an entire ecosystem.
With 3-4 BIG BUBBLES, the ecosystem connections are dense, showing the Endeavor Multiplier Effect™ at play.
Without the Big Bubbles,
and their connections — w/o
the Endeavor Multiplier Effect™ — the landscape is barren.
Network Mapping
The Endeavor Multiplier Effect™ Network Map is an aggregate view of single-founder maps, which shows the interconnectivity and collective impact of top founders on a local ecosystem.
Tracking Over Time
Interactive network maps that allow users to compare ecosystem growth by “eras” of development.
Collective Impact of Multipliers
An aggregate depiction of Endeavor Multiplier Maps™ that quantifies and visualizes the collective impact.
Density Scores
New calculations on the contribution of the largest Endeavor Multipliers™ on the ecosystem, in terms�of the density of founder connectivity.
ENDEAVOR MULTIPLIER EFFECT™
Poland Tech Sector
ENDEAVOR MULTIPLIER EFFECT™
Ecosystem Audit
An interactive dashboard for annual EME™ metrics across markets. A diagnostic for market maturity level and published with a tailored guide for each country. This will include success stories and strategies for improvement.
Comparison of Multiplier Scores™
An index to compare market-level EME metrics showing rates of “tech mafia” growth, founder-to-funder trends, and serial entrepreneurship using Endeavor’s proprietary Multiplier Effect ™ data.
Growth and Capital Opportunities
Custom dashboards to monitor and link EME™ data to the growth of companies (startups, scaleups, and exits) and capital (by series stage). Endeavor will remix, curate, and supplement data from secondary sources (Pitchbook, Dealroom, etc.).
Founder-Friendly Grades
Evaluations of the enabling environment (legal frameworks, talent, etc.) showing the gaps between what founders need and the current availability. Based on MaxDiff market research developed in partnership with General Atlantic.
ENDEAVOR ECOSYSTEM™ AUDIT
Comparison of Endeavor Multiplier Scores™
Percentage of Founders Providing Each Type of Support or with Previous Experience
Tech Mafias
Tech Mafias
Tech Mafias
3.8
1 | 2 | 3 | 4 | 5
3.7
4.2
ENDEAVOR MULTIPLIER EFFECT™
So What’s Next?
In the past 12 years…
We produced dozens of Endeavor Multiplier Effect™ Ecosystem Maps
Showcased 30+Top Founders through our �Endeavor Multiplier Maps™
Received 100+ requests�for Endeavor Multiplier Maps™ from EEs & non-EEs
Endeavor Poland used a report on the Polish tech sector and Endeavor Multiplier Maps™ to engage the Polish network and recruit top Endeavor Entrepreneurs, such as ElevenLabs, Booksy, and ICEYE.
Endeavor Multiplier Effect™
Endeavor
Multiplier Map™
Network Map of an Entrepreneurial Ecosystem
Single Founder’s Impact
(i.e. their Bubble)
Changing the Language of Success
To ignite this pay-it-forward ethos beyond our Endeavor Network,we need to change the language of success — from metrics anchored on greed (valuation, net worth) or guilt (ESG score, charity) — to a founders’ Multiplier Effect™ (multiplier map).
Join Our Multiplier Movement!
How many other founders have you invested in / mentored / trained? Are you a Multiplier™? How BIG is your BUBBLE?
SUCCESSFULLY
SCALE YOUR BUSINESS
1
MULTIPLY
YOUR IMPACT
2
Endeavor
Multiplier
* "How big is YOUR bubble?" makes it provocative. A fun way to call the measurement.
YOU join us as an Endeavor...
1
High-Impact Entrepreneur
YOUR COMPANY
becomes an Endeavor...
2
Outlier
You grow YOUR Endeavor…
3
Bubble*
YOU become an Endeavor...
4
Multiplier
From Entrepreneur to Multiplier
Endeavor Multiplier Maps™:
Endeavor 1.0 Multiplier Map™
Sebastian Mejia & Simon Borreo, Rappi (Colombia)
Colombia’s first unicorn.
Mudassir Sheikha, Magnus Olsson & Abdulla Elyas,
Careem (UAE)
Acquired by Uber for $3.1B
Globant is powering Endeavor Multiplier Map™ & Multiplier Score Modules to Elevate Our IP
+
Endeavor Multiplier Map™ & Score
An internal (score) & external (map) platform for the Global Entrepreneurial Community to understand the power of Multipliers™ and why Big Bubbles of Influence & Impact ought to be the new yardstick of entrepreneurial success.
For illustrative purposes only: actual platform in development
For illustrative purposes only: actual platform in development
Endeavor Multiplier Effect™ Board Game
What Else?
We're going from a backstage brand to a co-star brand, in a mission-driven way.
Serving content products that spotlight our EEs, serve meaningful value, and significantly boost our brand equity.
Elsewhere™ by Endeavor — Our Content Platform
Untold Stories™ by Endeavor — Our Signature Content Feature
Innovation Nation™ by Endeavor Greece
Double Down
on Endeavor Catalyst
HOW WE GET THERE
Implement �Expansion 3.0
Elevate the Endeavor Entrepreneur Journey
Advance the Endeavor Multiplier Effect™
Double Down on�Endeavor Catalyst
Drive Operational Excellence
118
Endeavor Catalyst is �the global investment fund �of Endeavor.
Sophia Alj &�Ismael Belkhayat
Chari (Morocco)
Abdulmajeed Alsukhan�& Turki Bin Zarah
Tamara (Saudi Arabia)
Endeavor Catalyst has pioneered a 50/50 profit sharing model to invest in EE-led companies, generate competitive returns for LPs, and make Endeavor financially self-sustaining.
led by a qualified,�institutional investor.
raising equity�rounds of $5M+
We invest in Endeavor�Entrepreneur companies �(up to 10% of the round, �max $2M)
The Endeavor Catalyst Committee reviews each investment and ensures it meets the fund’s criteria.
Reid Hoffman�Co-founder, LinkedIn�Partner, Greylock�Chair, Endeavor Catalyst Committee
Nick Beim�Partner, Venrock
Nicolas Szekasy�Co-founder & Managing Partner, Kaszek
Former CFO, MercadoLibre�Endeavor Entrepreneur
Joanna Rees�Managing Partner,�West
Our unique positioning within the venture ecosystem drives our success; the venture capital industry is not shaping us — Endeavor is shaping the venture capital industry.
ACCESS�to highly competitive, globally diversified deals via Endeavor’s trusted network.
TRUSTED PARTNERS�to entrepreneurs and leading GPs in the global VC/PE community.
FRICTION-FREE�co-investment approach. We invest along the same terms as the lead investor and do not take a board seat.
DOUBLE DUE-DILIGENCE�on every investment: Endeavor’s rigorous selection process and the investment due-diligence �of our co-investment partners.
We invest alongside 100+ leading global venture capital and growth equity firms.
Brex*
(Brazil)
Checkout.com
(UAE)
Uala*
(Argentina)
Xapo*
(Argentina)
Nova Credit
(Greece)
Pomelo
(Argentina)
Payhawk
(Bulgaria)
Shipper
(Indonesia)
Cameo
(USA)
Thunes*
(Indonesia)
Incognia
(Brazil)
Uala*
(Argentina)
dlocal*
(Uruguay)
Hotmart*
(Brazil)
Property Finder*
(UAE)
Globant*
(Argentina)
Alegra
(Colombia)
Insider*
(Turkey)
Clara
(Mexico)
Checkout.com*
(UAE)
Wayflyer
(Ireland)
Loft*
(Brazil)
Latitud
(Brazil)
Rappi*
(Colombia)
Wayflyer
(Ireland)
Mottu
(Brazil)
Betterfly*
(Chile)
Foodics
(Saudi Arabia)
ElevenLabs
(Poland)
Shipper
(Indonesia)
Factorial*
(Spain)
Clara
(Mexico)
SonderMind*
(Colorado)
*Unicorn ($1B+) Company
Hala
(Saudi Arabia)
Digital House
(Argentina)
RD Station
(Brazil)
Olugbenga "GB" Agboola
Flutterwave (Nigeria)
Africa’s fourth Unicorn.
Aaron Tan,
Carro (Indonesia)
Car marketplace Unicorn.
Luca Ferrari, Bending Spoons (Italy)
App developer valued at $2.5B+.
Kabir Barday, OneTrust (Atlanta)
$4B+ Privacy and Security Unicorn
Abdulmohsen Albabtain, Turki Bin Zarah, Abdulmajeed Alsukhan, Tamara (Saudi Arabia)
BNPL Unicorn
With 360+ investments across 35+ countries, �our fund is globally diversified.
LATAM
142 Investments
39%
Brynne McNulty Rojas and Sebastian Noguera, Habi (Colombia)
Colombia’s first female-led Unicorn.
US & Canada
34 Investments
9%
Europe
61 Investments
17%
Middle
East
58 Investments
16%
Africa
28 Investments
8%
Asia
39 Investments
11%
We are diversified across industries and stages.
Series A
Series B
Seed
Series D+
Series C
2%
33%
41%
17%
7%
STAGE
INDUSTRY
25%
Fintech
15%
Commerce
5%
Education
8%
Healthcare
B2B Software
24%
4%
Food & Beverage
9%
Smart City & Climate
10%
Marketplaces
of our investments are in Fintech, �B2B Software, and Commerce.
74%
of our investments are made �at Series A or B.
64%
Venture Capital is becoming a global industry, shifting to majority outside of the US
2003
US led global venture investing.
2013
VC becoming more global, but US still leads.
2023
Pace of change accelerates, tipping scales towards international companies.
~90% of all VC dollars flow to US companies.
70% US
30% International
40% US
60% International
51%
United States
19%
China
25%
Elsewhere
(including EMEA,�LATAM, SEA)
5%
India
Unicorns have followed capital, becoming more global.
Today, there are over 1,400+ �$1B+ “Unicorn” companies �around the world.
¼ of which are outside �the US, China and India.
As of Dec 31, 2024. Source: Pitchbook, CB Insights.
Endeavor Catalyst is the #1 Unicorn investor in markets “elsewhere.”
As of Dec 31, 2024. Source: Pitchbook, CB Insights.
Analysis excludes top six VC markets: US, China, India, UK, Germany, Israel and firms �with >50% of Unicorn investments in rounds post $1B+ valuation (i.e. Softbank).
With 86% of our Unicorn investments at Series A, B or C, �we are the leader in backing “future unicorns” in these global markets.
51�Unicorns
29�Unicorns
27�Unicorns
24�Unicorns
20�Unicorns
1st
2nd
3rd
4th
5th
1 in 6
USA
LATAM
EUROPE
MIDDLE EAST
ASIA
AFRICA
companies
in our portfolio �— across 24 countries — has reached a $1B+ valuation.
Our unique investment model provides real diversification, with strong and consistent gross returns targeting 5x+ MOIC and 20-30% IRR.
FUND I
FUND II
FUND III
2.92x MOIC
20.9% IRR
0.47x DPI
2.06x MOIC
22.1% IRR
0.13x DPI
3.79x MOIC
24.9% IRR*
2.28x DPI
2013
$31M AUM
48 Investments
2017
$83M AUM
78 Investments
2019
$134M AUM
110 Investments
Historical performance is not indicative of future performance.
Note: Metrics as of December 31, 2024. IRR calculated on capital deployed into portfolio companies.
*For illustrative purposes, Fund I includes Philanthropy-Only investments and Sidecar at an illustrative 50% carried interest.
Our 50/50 profit-sharing model benefits Endeavor and delivers competitive net performance, including top-quartile DPI to our LPs.
FUND I
FUND II
FUND III
1.89x MOIC
12.0% IRR
0.28x DPI
1.54x MOIC
12.5% IRR
0.09x DPI
2.20x MOIC
13.2% IRR*
1.29x DPI
2013
$31M AUM
48 Investments
2017
$83M AUM
78 Investments
2019
$134M AUM
110 Investments
Historical performance is not indicative of future performance.
Note: Metrics as of December 31, 2024. IRR calculated on capital deployed into portfolio companies.
*For illustrative purposes, Fund I includes Philanthropy-Only investments and Sidecar at an illustrative 50% carried interest.
Top quartile across all funds!
Fund IV is actively investing - and its portfolio companies are scaling fast!
$290M+
Assets Under Management (AUM)
120+
Investments
65%
Capital Deployed
15%
of investments are in Endeavor Entrepreneur “Second Companies” at Seed or Series A.
26
companies with revenues of $10M+ growing over 100%.
11
companies with revenues of $100M+ and still growing over 100%.
Full deployment target Q2 2026.
We continue to gain access to �highly competitive, oversubscribed rounds
alongside the world’s best investors.
INDONISIA�
FIT HUB�$13M Series A
POLAND��Eleven Labs�$180M Series C
NIGERIA
LemFi�$53M Series B
SAUDI ARABIA�
Hala�$110M Series B
ARGENTINA�
Pomelo�$40M Series B
We are seeing increased liquidity across all funds.
Secondary Sales (9)
Follow lead investor
M&A (20)
Follow lead investor
Public Listings (10)
Sell shares over time
$140M�in returns to our LPs and Endeavor
30�exits
Note: Bubble size represents current FMV.
Shown here are companies in our portfolio that we have fully exited, achieving an MOIC of over 1x. Shown also are companies where we still have active holdings following a public listing and/or a partial secondary sale. “Exits" specifically refer to companies in which we have sold over 50% of our holdings, achieving a current MOIC of over 1x.
Unrealized Value
6.7x�Realized
MOIC
Investor
LP Principal �+ 50% Gain*
GP Principal �and Gain �+ 50% Carried �Interest
Endeavor �Catalyst
50%+50%�Based on LP commitment
Note: �Fund I has an 80%/20% split model �[20% to LPs]
Our pioneering profit sharing model also has �put Endeavor on the path towards becoming �a financially self-sustaining organization.
Local + Global Operations
Investor
Endeavor �Catalyst
Endeavor �Entrepreneur �Company
American �Style Carry (Deal-by-Deal Distributions)
Today, proceeds from Endeavor Catalyst make up a meaningful percentage�of Global and Local budgets. We continue to make great progress towards making Endeavor financially self-sustaining.
On an investment by investment basis, profits are split 50% to the LP and 50% to Endeavor.
Proceeds to Endeavor are split evenly between Endeavor Global and the Local Office(s) of the LP’s choosing.
1% of Total Gross Profits to Endeavor are granted to the Local Office that selected the EE company generating the exit.
0.1% of Total Gross Profits to Endeavor are granted to the Managing Director of the Local Office that selected the EE company generating the exit.
50/50 Profit Sharing Model
OneEndeavor Program
Human Capital Program
Endeavor Catalyst enables investors to achieve competitive returns and have a positive impact.
Gain access to a world class pipeline of high-growth companies.
Achieve global diversification across 45+ markets.
Participate in meaningful profit-sharing with Endeavor.
Dare Okoudjou
Onafriq (South Africa)
Aldi Haryopratomo
MAPAN (Indonesia)
Mona Ataya
Mumzworld (UAE)
Our 700+ LPs include globally recognized business leaders, investors, and innovators.
Reid Hoffman�LinkedIn; Greylock
United States
Costantza Sbokou
Constantakopoulou
T.E.MES. S.A.
Greece
Taizo Son
Mistletoe
Japan
Diego Piacentini
Amazon
Italy
The Edge
U2
Ireland
Mark Chang
JobStreet
Malaysia
Pandu Sjahrir
Indies Capital Partners
Indonesia
Fadi Ghandour
Wamda Capital
Jordan
Rami Al Turki�Alturki Holding
Saudi Arabia
Lynda Applegate
HBS
Global
Veronica Serra
Pacific Investments
Brazil
Steve Case
AOL
United States
David Velez
Nubank
Brazil
Bill Ackman�Pershing Square Capital
United States
Michael Dell
Dell
United States
Mudassir �Sheikha�Careem
UAE
"GB" �Agboola�Flutterwave
Nigeria
Marcos �Galperin
MercadoLibre
Argentina
Wences Casares
Xapo
Argentina
Firat İşbecer
Commencis
Turkey
Tania �Zapata
Bunny Studio
Colombia
Endeavor Entrepreneurs behind some of our most successful companies have become our LPs, investing in other high-impact founders.
218
of our LPs (~30%) are �Endeavor Entrepreneurs.
Luke Nguyen
Athena Studio, Earth VC
Vietnam
Karim Beguir
Instadeep
Tunisia
Sergio Furio
Creditas
Brazil
Verónica�Pascual Boé
Asti Foundation
Spain
Tony Jamous
Oyster
Lebanon
Guibert Englebienne
Globant
Argentina
Aaron Tan
Carro
Indonesia
Martin Migoya
Globant
Argentina
Guillaume �Pousaz
Checkout
UAE
OUR LEADER AND ANCHOR LEVEL INVESTORS RECEIVE:
We invite you to join us on this journey.
ANCHOR
$10M+
LEADER
$5M+
PARTNER
$1M+
MINIMUM �INVESTMENT
$500K
Select Co-Investment Opportunities
Invitations �to Exclusive �Events
Additional �Benefits and Recognition
Guillaume Pousaz
Checkout.com (UAE)
Luke Nguyen
Athena & Earth VC (Vietnam)
Target Fund Size
$300M (Hard Cap: $350M)
Investment Sectors
Tech and Tech-Enabled Businesses
Investment Stage
Series A to C+
Investment Strategy
Minority Positions in Companies led by Endeavor Entrepreneurs
Geographic Focus
Emerging and Underserved Markets
Investment Check Size
Minimum $500K
Capital Drawdown Schedule
20% Installments over 3-4 Years
Fees
0% Management Fee; Expenses Managed to a Budget (~1.8% Avg. Annually); 50% American Style Carried Interest
Fund Term
10 Years + 2 One-Year Extensions
Target First Close
September 2025
Endeavor Catalyst V Key Terms
Drive Operational�Excellence
HOW WE GET THERE
Implement �Expansion 3.0
Elevate the Endeavor Entrepreneur Journey
Advance the Endeavor Multiplier Effect™
Double Down on�Endeavor Catalyst
Drive Operational Excellence
We’ve engaged a Global Bain team and local Bain teams in Mexico, UAE, Poland, then other markets, to help us operationalize Vision 2035. Moving forward, each year Bain will field 3–4 local teams in different geographies to help develop country/regional office plans that roll up into our Global vision & strategy.
Engaging our Partners�at Bain & Co to help us Operationalize Vision 2035
Vision 2035 is an inflection point.��This is a time of both opportunity and disruption, success will take time and careful management.
Strengthening Local Board engagement is critical to achieving Vision 2035. An updated Affiliate Agreement will set clear expectations for LOs, hold LOs accountable to our worldwide mission, and reinforce compliance requirements
We will always experiment and learn. Incorporating standard performance and talent processes�will focus LOs on mission aligned priorities while ensuring development of our people, ultimately making Endeavor a “Best Place�to Work”
Critical to our BHAGs, RMPs will serve as an extension of Global – ensuring that local and regional goals roll up into our Vision 2035, elevating the entrepreneur experience through regional activities, developing regional corporate partnerships to sustain LOs.
�Our Global/WW leadership team structure must evolve to drive progress, attract and retain top talent, and reinforce Endeavor’s position as the global Network of Trust for entrepreneurs
�We must embrace working as one, where Local Offices and Global teams collaborate to drive a seamless, consistent, and entrepreneur-first experience
Bain
Our focus today
Reset Global-�Local Partnership
Drive Local Office�Operational Excellence
Elevate Regional �Collaboration
Optimized Structure
Lived OneEndeavor Mindset
Every Championship Team needs an Operating System to Succeed
Putting the most talented players�in the right positions to unleash their superpowers
Setting the direction and creating the playbook to achieve it
Getting the right equipment and information to set the players up�for success
A team needs ALL THREE PILLARS to win!
PEOPLE
STRATEGY
RESOURCES/TOOLS
It’s not enough to dream for a championship — we need to set the right tools, frameworks, and systems to get us there.
Drive Operational�Excellence
Identify our unique Superpowers & pilot Pivotal Moments/ Path to Liquidity /Org Growth / Endeavor Next programs
2025: Preparing for the Ascent�Setting up Basecamp
Raise Fund V: $300M+
Build platforms & products that allow us to own, advance and monetize the Multiplier Effect™
Refine our organizational structure & framework for Local Offices (Countries & Regions) and Hubs
Create operating systems that set our people up for success
Implement �Expansion 3.0
Elevate the Endeavor Entrepreneur Journey
Advance the Endeavor Multiplier Effect™
Double Down on
Endeavor Catalyst
As we prepare for the climb, we should continue to work with Values-Aligned Key Performance Indicators.
In addition, we aim to raise $10-20M per office in funding for a $300M+ EC Fund V
Percentage of eligible deals for which Endeavor Entrepreneurs and lead investors carve out Endeavor Catalyst allocations.
Percentage of Endeavor WW Budget funded by “Entrepreneur First” revenue sources: Catalyst Returns; Board dues of Outlier EEs; EE giveback + some (EE-focused) Corporate Partnerships
Entrepreneur First/Network of Trust
Pay It Forward/One Endeavor
Go Big
Percentage of Big Bubbles — unicorns and companies achieving $1B+ exits — Endeavorized as EEs, Board Members, and/or Endeavor Catalyst LPs.
2025-28 Target
95% allocations in EC eligible deals, including all those oversubscribed�and those which we learn about�ex-post facto
2025-28 Target
30-40% Endeavor Worldwide budget funded by these Entrepreneur First sources; remainder of budget funded by other “mission-aligned” revenue sources
2025-28 Target
70% of Big Bubbles measured�3+ years after Endeavor’s entry in a country/region that are EEs, Board Members, and/or Catalyst LPs
Endeavor�Vision 2035
BHAGs!
Each Vision 2035 BHAGs will be measured by ambitious KPIs
Drive Operational Excellence
Note: (1) High-Impact Entrepreneur; (2) $1B+ company founders; (3) Endeavorized as Endeavor Entrepreneurs, BMs, and/or Catalyst LPs
Double Down on�Endeavor Catalyst
Pioneer a Self-Sustaining, Hybrid organization model
Elevate the Endeavor Entrepreneur Journey
Capitalize on super powers to provide If Not for Endeavor support at Pivotal Moments
Implement�Expansion 3.0
Become The Network of Trust for top founders across 100 countries Elsewhere
Advance the Endeavor Multiplier Effect™
Redefine the Language of Success via the Endeavor Multiplier Effect™
Become one of the�Best Places to Work for�top talent