Issue link: http://endeavor.uberflip.com/i/210522
WELCOME A year ago, when we launched Endeavor's context of today's realities. We realized office in Athens, Andrew Ross Sorkin that opportunities for—and obstacles interviewed me on CNBC. His first to—entrepreneurship can be found question? "Why in God's name, if you everywhere. With this in mind, we've were going to start doing business kept up our robust presence in emerging in Europe, would you start by doing and growth economies, launching business in Greece?" Andrew had affiliates in Malaysia, Morocco, and a point: It was September of 2012, and the United Arab Emirates, but we've also the Greek economy was on the verge sought to expand our network into of a spectacular meltdown. developed markets, starting with an But when economies turn down, entrepreneurs turn up. Over the past affiliate in Miami. Previous generations had politi- year, our offices in Greece and elsewhere cians and bureaucrats, corporate men have weathered all manner of political and financiers. Ours has entrepreneurs: and economic upheaval: A downturn Creative men and women with the heart in Brazil, protests in Turkey, regime to effect change. Their drive is the best change in Egypt, and a debt crisis in the remedy to today's stagnant economy; Eurozone. Through it all, Endeavor affili- their agility, the best solution to today's ates have remained steadfast in their uncertain climate. mission to support innovators with the potential to lift economies. The entrepreneurs we support collectively generate $6 billion in annual revenues and employ 225,000 people. In Egypt, Dr. Amina Hassab is heading one of the fastest-growing medical labs in the country. She employs over 150 people—half of whom are women. In Greece, sisters Maria and Penny Vlachou are breathing new life into the snailprocessing business. Fereikos-Helix, their company, provides work for some 200 snail farmers. And in Brazil, Bento Koike's wind blade company, Tecsis, created a whopping 4,000 jobs last year to reach a total of 7,000. We've also spent the past twelve months rethinking our model in the 1 We're in the midst of an entrepreneurial revolution. The entrepreneurs are turning up. Are you? Linda Rottenberg Endeavor Co-founder & CEO When economies turn down, entrepreneurs turn up.