Issue link: http://endeavor.uberflip.com/i/210522
SCALING UP Scale Up Companies are Today's Job Creators IT HAS become fashionable to associate the Endeavor believes that the real word "entrepreneurship" with "start-up." heroes are the small subset of entrepre- The media celebrates stories of 19-year- neurs who move their companies from olds launching companies from their col- start-ups to scale ups, small- to medium- lege dorms and Brooklyn moms building sized businesses that record 20% or national businesses on eBay. Yet while more average annual growth over a Mark Zuckerberg did grow Facebook three-year period. Endeavor Insight—the from his Harvard dorm room into a pub- organization's research arm, launched licly traded company, one third of start- with seed funding from the Omidyar ups fail within two years, never creating Network—conducted studies based the amount of jobs and revenue that can on World Bank surveys in a number of significantly impact an economy. emerging markets. The data shows that while scale ups represent just six to twenty percent of businesses, they contribute the lion's share of net new jobs, anywhere from 25 to 91%! By finding and supporting these high-impact entrepreneurs, Endeavor hopes they will create even more jobs and generate even more revenue. The organization's track record is strong: In markets as diverse as Brazil, Mexico, South Africa, and Turkey, Endeavor companies create two to twenty times more jobs than comparable companies. 3 Unless otherwise noted, all revenue figures in this report are in U.S. dollars.