Issue link: http://endeavor.uberflip.com/i/772917
page 121 Has Catalyst changed the way management views talent and role definition at Endeavor? 1. The overall answer is NO: Endeavor has always hired the smartest and most talented people it could find and those team members who leave always have chosen fields related to entrepreneurship and investing. So Catalyst has changed nothing. 2. Endeavor Catalyst is and will always remain a rules-based fund: Our team does not perform due diligence above what it has always done as part of an entrepreneurs' journey to an ISP (we then piggy back on lead investors' due diligence of the $5M+ rounds). 3. Catalyst does require additional time, energy and mindshare to accomplish the following: • Raising Catalyst Fund II; managing LP relationships from Fund I; • Keeping on top of all potential EE funding rounds and working to ensure that entrepreneurs and lead fund managers will allocate up to 10% of the round to Endeavor Catalyst; identifying corner-case issues that need to be brought up to the Catalyst Rules Committee; • Financial management; also financial modeling as LPs are interested in understanding potential Catalyst returns and modified IRR. 4. Our team is responsible for ensuring that Endeavor Catalyst gets allocations in all co- investment opportunities we are eligible for—this does not happen automatically. 5. We plan to hire a dedicated financial resource for Endeavor Catalyst in addition to the financing team we currently have in place at Endeavor Global.