Issue link: http://endeavor.uberflip.com/i/88132
ENDEAVOR IMPACT REPORT 2011 – 2012 a term coined by Endeavor's founders to describe turbo-charged innovators with the biggest plans, greatest growth potential, and high- est likelihood of becoming inspiring role models. Although a minority among their peers, high- impact entrepreneurs have an outsized influence on the economy. They run companies that scale from small to medium to large and create hun- dreds, if not thousands, of high-value jobs: In Argentina, Endeavor's high-impact tech entre- preneurs grow jobs 16.3x and revenue 2.8x faster than peers. They are 8x more likely to become mentors to other startups. Through this cycle of startup, growth, and reinvestment, an entrepre- neurial ecosystem is formed. The founders determined that Endeavor would search for candidates domestically and then select high-impact entrepreneurs to join the Endeavor network at International Selection Panels. Once selected, Endeavor Entrepreneurs would gain access to a targeted set of support services: Strategic consulting, a customized 18-month assessment plan, access to mentors, on-site fellows from top business schools, entrée to venture capital road shows, and person- alized introductions to investors. Among the companies Endeavor selected in its first years in Argentina, two stand out as WHY HIGH-IMPACT ENTREPRENEURSHIP? The world needs jobs. The United Nations has estimated that worldwide, more than 500 million new jobs need to be created by 2020. This need is especially acute in countries with high population growth, like Brazil, where 2.2 million new jobs must be created each year to provide opportunities for young people and the currently unemployed. Endeavor believes the answer to high unemployment is high-impact entrepreneurship. An Endeavor Insight study determined that 4% of the 800,000 entrepreneurs surveyed by the Global Entrepreneurship Monitor across more than 60 high- and middle-income countries accounted for approximately 40% of the total new job creation of all entrepreneurs. When compared to similar companies randomly-selected and surveyed by the World Bank — those in the same country and industry and of a similar size — Endeavor Entrepreneur companies create jobs 5.4 times faster than their peers. Endeavor Insight, 2012. 4 METRIC JOB GROWTH ENDEAVOR COMPANY COMPARABLE FIRM Endeavor Entrepreneurs create jobs 5.4x faster than comparable firms. Endeavor Insight is the research arm of Endeavor and seeks to deepen understanding of how high-impact entrepreneurs contribute to job creation and long-term economic growth. TO EXPLORE SOME OF INSIGHT'S RESEARCH, CLICK HERE EXPLAINED