IMPACT REPORT 2007–2008 - Endeavor Chile

“ENTREPRENEURSHIP | SPREADING THE GOSPEL”
AN EFFORT TO PROMOTE ENTREPRENEURSHIP IN THE
DEVELOPING WORLD IS BEARING FRUIT
“It is routine for entrepreneurs to consult their networks of mentors in Silicon
Valley. But in much of the world, such networks are notable by their absence
—and so, too, are examples of Silicon Valley-style successful entrepreneurship.
Changing this was why Endeavor was created in 1997.”
“ENDEAVOR’S MAGIC WORKS MOST POWERFULLY IN ITS
SELECTION PROCESS... The aim is to identify those who can succeed
on a scale that will make them into national role models, and then provide
them with every possible support. But the process is designed to benefit all
entrants, by helping them define their visions more clearly.”
“ENDEAVOR HAS “CREATED ISLANDS OF HOPE,” says [Endeavor
Entrepreneur and Board Member Wences] Casares. Now it must find ways
to “change continents, not just little islands.” This has been recognized by
Endeavor’s global board, which recently adopted an ambitious plan to
expand to 25 countries by 2015.”
OMIDYAR NETWORK COMMITS $10 MILLION
DOLLARS TO SUPPORT ENDEAVOR OPERATIONS
In 2008, Endeavor received the single largest contribution in its history when
Omidyar Network committed up to $10 million to support Endeavor’s operations
worldwide. Omidyar Network’s support will enable Endeavor to expand rapidly
into more emerging economies, select more High-Impact Entrepreneurs, provide
stronger services for High-Impact Entrepreneurs, and share the inspiring stories
of Endeavor Entrepreneurs with a larger audience.
ENDEAVOR THANKS OMIDYAR NETWORK FOR ITS GENEROSITY
AS WE EMBARK ON THIS DYNAMIC PARTNERSHIP.
Four million dollars of Omidyar Network’s support are conditional matching
funds. Therefore, every dollar that you invest in Endeavor will be doubled
through Omidyar Network. Your support will have greater impact than
ever before!
“Endeavor’s innovative approach, potential for
enormous scale, and ability to show tangible results
make it a natural fit for the Omidyar Network portfolio,
and we’re excited to work with them to expand their
reach to 25 countries over the next several years.”
Matt Bannick,
Managing Partner, Omidyar Network
Incoming Global Board Member, Endeavor
20 21