5 3
O U R O P E R AT I N G M O D E L
MULTIPLIER EFFECT
Local tech ecosystems in emerging markets matured by leaps and bounds over the past two years, due
to increased attention from global investors and accelerated digital adoption worldwide. Endeavor's
multiplier effect (i.e. entrepreneurs inspiring, mentoring and investing in the next generation of
entrepreneurs) has also been on full display. "Mafias" or former employees and executives of iconic
companies that have gone on to start their own companies are proliferating in our markets. The "Rappi
mafia'', for example, has become globally recognized with some venture firms estimating that 100+
startups have emanated from this network alone. We are also witnessing this within our own funds:
Endeavor Catalyst IV has 100+ Endeavor Entrepreneurs as investors!
FUND IV: FUND III: FUND II: FUND I:
125 60 51 38
ENDEAVOR ENTREPRENEURS AS INVESTORS
30% of our Limited Partners are Endeavor Entrepreneurs!
LE G E N D :
C O M PA N I ES
FO U N D ED
C O M PA N I ES
I N V EST ED I N
EM P LOY EE
S P I N O U T S
C O M PA N I ES
M EN TO R ED
