Endeavor

For more than 25 years, I've been known as Chica Loca for insisting that High-Impact Entrepreneurs exist outside of Silicon Valley. Tech founders don't have to look like young boys in hoodies, I said. This past year, Endeavor undertook a major research project to officially debunk misperceptions about the "typical" pathway that leads an entrepreneur to build a high-growth business. Our research team, Endeavor Insight, studied the life journeys of 200 Unicorn founders — those leading private companies valued at over $1B — in the United States and in emerging markets. Our team's conclusions shattered the most common myths we tell ourselves about successful founders. From their early jobs to the universities they attend to the age at which they launch their startups, the most successful founders prove that there's more than one path to the top. This Impact Report is filled with inspiring moments from entrepreneurs all over the world taking this New Path. Indonesia's homegrown eFishery captured headlines as the world's first aquaculture unicorn. Tunisian AI company InstaDeep put the African deep tech ecosystem on the map. The Brazilian startup Pismo, whose Founder-CTO and Founder-CPO are both women, made headlines as one of the largest fintech deals of 2023 when Visa acquired the company for $1B in cash. Stories like these encourage us to broaden our horizons and reimagine what entrepreneurial innovation can be. After selecting more than 2,500 Endeavor Entrepreneurs, we have watched many grow into role models who invest in, mentor, and inspire the next generation of founders. These are the entrepreneurs who sign the first check to invest in a new idea from a former team member, dedicate their time to advise younger founders, and sit on local Endeavor boards to support our vision as an organization of, by, and for high-impact entrepreneurs. These are the Multipliers whose legacy lives on through future generations. Experienced founders are already shaping and multiplying thriving tech ecosystems in Argentina, Brazil, and Turkey, where Endeavor has been present for decades. We've also documented the Multiplier Effect beginning to sprout in countries such as the United Arab Emirates, Nigeria, and Vietnam. And in our "Year of the P's," Endeavor launched new offices in Portugal, Poland, and Pakistan, where we see the groundwork being laid for future Multipliers to take root. Each one of our 40+ countries is on a mission to build Scaleup Nations, where any individual, regardless of family history, can take the plunge into becoming a high-growth, high-impact founder without leaving their doorstep. Letter From Linda 4

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