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MULTIPLY
Entrepreneurs who, beyond
scaling their own businesses,
commit to supporting one
another have the power to
build a thriving entrepreneurial
ecosystem. They create a
dense network that provides
inspiration, links between
employees, connections to
mentors and, eventually, access
to capital as the first generation
of entrepreneurs become initial
sources of scarce venture capital.
An example of the
multiplier effect: the
Istanbul tech sector
Endeavor's research team has
charted in a bubble map (on
the right) the complex network
of connections created within
the Istanbul's tech scene as
a concrete example of the
multiplier effect. Each time
an entrepreneur is cited as an
influencer - whether through
inspiration, employment ties,
mentoring or investing -, their
bubble grows. Endeavor strives
to build a culture that encourages
and accelerates this pattern: in
fact, it emerged that Endeavor
Entrepreneurs are four times
more likely to invest, eight times
more likely to serve as a mentor
and four times more likely to
inspire others.
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