ENDEAVOR IMPACT REPORT 2012 – 2013
capitalization of $6 billion, and 3,000
the entrepreneurs began "paying it
employees.
forward." Each entrepreneur started
The final Endeavor Entrepreneur
investing in an array of technology start-
to reach the "top ten" of the Prodem list
ups and devoted time to mentoring their
was Wences Casares. When Endeavor
founders.
selected Wences in 1998, he was a
As their success fanned out, an
23-year-old college dropout who had
interesting pattern emerged—a few
started an online brokerage platform,
highly influential entrepreneurs played a
Patagon.com. Endeavor organized a
major role in developing a thriving local
roadshow for Wences that resulted in
technology sector. By 2012, Buenos Aires
a $4 million fund raise. Two years later,
was home to offices of Google, eBay,
Wences sold Patagon.com to Banco
Facebook, and Yahoo!. The tech sector
Santander for over $750 million.
"Bain has been proud
to work with Endeavor
to generate greater
insight into entrepreneurial success and to
help the organization
build on its best
practices and increase
its impact."
had created more than 30,000 jobs
But these entrepreneurs' stories
Chris Bierly
Partner, Bain & Company
ENDEAVOR SENIOR ADVISOR
and $1.7 billion in revenue in Argentina,
didn't end when they exited their
representing almost half a percent of the
companies. All but Galperín have since
country's gross domestic product.
left to start new ventures. Much as
The unexpected success of the
$72m
they had received counsel from others,
Argentine ecosystem led Endeavor
big numbers: OFFICENET
$
3.2m
REVENUE IN 2000
revenue IN 2004
Endeavor Entrepreneurs Andy Freire
and Santiago Bilinkis in a warehouse of
Officenet, an office supply chain that
they sold to Staples in 2005.
