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Today, in collaboration with Endeavor Global and Stanford University, the World Economic Forum released a new report, Global Entrepreneurship and Successful Growth Strategies of Early-Stage Companies. The report detailed insights from eight Endeavor Entrepreneur companies. Interviews with the Endeavor Entrepreneurs featured in the report have been reprinted on the Endeavor blog (DocSolutions, Globant, MercadoLibre, Petfor, Pharmacy 1, Refinancia, Technisys, and Yola).
The report found that the top 1% of companies from among 380,000 companies reviewed across 10 countries contribute 44% of total revenue and 40% of total jobs, while the top 5% contribute 72% of total revenue and 67% of total jobs. CLICK HERE to read the official press release; CLICK HERE to learn more and download the complete report.
“Understanding the elite few in their own ecosystem may prove a far more effective strategy than trying to replicate the success factors of other entrepreneurial hubs such as Silicon Valley,” said George Foster, Wattis Professor of Management and Dhirubhai Ambani Faculty Fellow in Entrepreneurship at the Graduate School of Business, Stanford University, and co-author of the report.
The report’s other co-author, Max von Bismarck, Director and Head of Investors Industries, World Economic Forum, said: “We hope that this report provides useful insights into the phenomenon of global entrepreneurship and will help to encourage and foster further high-impact entrepreneurs around the globe.”
“This report offers compelling proof that to drive economies forward, the key is not to generalize approaches for all entrepreneurs, but to focus resources on high-impact entrepreneurs – those innovators with the highest potential to scale,” said Linda Rottenberg, Co-Founder and CEO of Endeavor. Linda served on the report’s steering committee, with support from Shaun Young and David Wachtel from Endeavor.
Eight different growth strategies for early-stage companies are highlighted in the report, which features mini-case studies of seventy companies across 22 countries. Featured companies include the eight Endeavor-supported firms listed below. (To more easily locate the write-ups within the report [click here to download as a PDF], please refer to the page numbers in parentheses.)
DocSolutions (Mexico) (pp. 141-144; 32, 33) [link]
Entrepreneurs: Gabriel & Guillermo Oropeza
Globant (Argentina) (pp. 172-175; 18, 36) [link]
Entrepreneurs: Martin Migoya, Guibert Englebienne, Martín Umaran, Néstor Nocetti
MercadoLibre (Argentina) (pp. 205-208; 43, 151) [link]
Entrepreneurs: Hernán Kazah & Marcos Galperin
Petfor (Turkey) (pp. 326-328) [link]
Entrepreneur: Semih Yüzen
Pharmacy 1 (Jordan) (pp. 222-225; 24, 36, 46) [link]
Entrepreneur: Amjad Aryan
Refinancia (Colombia) (pp. 226-228; 16) [link]
Entrepreneur: Kenneth Mendiwelson
Technisys (Argentina) (pp. 351-353; 33, 36, 40) [link]
Entrepreneurs: German Pugliese Bassi & Mike Santos
Yola (South Africa) (pp. 257-259; 27) [link]
Entrepreneur: Vinny Lingham
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