Endeavor

1 4 Our Origin Story In 2011, following years of discussion among the Endeavor Global Board, $12.5M was raised from a small group of donors to launch Endeavor Catalyst Philanthropy, our "Beta Fund". Much like Endeavor Catalyst today, this Beta Fund would be entirely rules-based, but 100% of the proceeds would be returned to Endeavor Global. The goal was to make Endeavor self-sustaining by financially backing the very entrepreneurs it had long supported. Over a period of 18 months — in 2012 and 2013 — Endeavor Catalyst Philanthropy invested $6.4M into 6 companies. This early track record paved the way for raising outside capital for Endeavor Catalyst I LP. The remaining capital — coupled with early investment returns — ultimately formed Endeavor's General Partner commitment to Funds I, II, III, and IV. The vision for Endeavor Catalyst Philanthropy was that it support Endeavor Global operations and be an evergreen pool of capital that is invested and reinvested in perpetuity for the long-term financial benefit of Endeavor. Today, thanks in large part to the vision and generosity of our early donors, Endeavor Catalyst is thriving. As our standalone Beta Fund, it has performed extraordinarily well (8.0x MOIC), driven by early exits of Globant and Yemeksepti, and more recently by the record- breaking acquisitions of Peak Games by Zynga and Airties by Providence Equity Partners. Mike Ahearn Jeff Brody Edgar Bronfman, Jr. Wences Casares Michael Cline Reid Hoffman Rick Kimball Omidyar Network Diego Piacentini Nico Szekasy S PEC IAL THAN KS TO O U R E AR LY DO N O R S :

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