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Endeavor has followed a clear country expansion
strategy, co-created with Bain in 2011.
• Relatively developed: stable political environment;
supportive political/regulatory frameworks/rule of law
• A pipeline of ambitious entrepreneurs running
ventures with potential for high-impact growth
• Nascent ecosystem (e.g. VCs; incubators) that still
allows Endeavor to lead the high-impact/scaleup
entrepreneurship movement
• Pull from top business leaders passionate about
entrepreneurship and Endeavor's model
• Push from existing EEs, board and network who value
Endeavor's presence
• Litmus test: can we raise $5M for local budget costs
plus global support costs?
Select countries
with strong
strategic fit
Prioritize countries
based on
"pull/push" and
network effect
