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Endeavor was front and center this week at the annual Global Entrepreneurship Summit (GES) in Palo Alto, CA. The 7th installment in a series previously hosted by the governments of Turkey, the UAE, Malaysia, Morocco, and Kenya, GES aims to showcase inspiring entrepreneurs and investors from around the world creating new opportunities for investment, partnership, and collaboration; connect American entrepreneurs and investors with international counterparts to form lasting relationships; and highlight entrepreneurship as means to address some of the most intractable global challenges. More than 1,000 entrepreneurs, experts, and investors attended the Summit over June 22-24, 2016, including more than 35 Endeavor Entrepreneurs, mentors, and board members.
President Obama and Facebook’s Mark Zuckerberg with Endeavor Entrepreneur Mai Medhat (Eventtus) and other entrepreneurs
Reid Hoffman, Co-Founder of LinkedIn and a member of Endeavor’s board, kicked off Thursday’s events with a shout-out to Endeavor, saying, “I try to support the various organizations that create networks among entrepreneurs.” He also reiterated his commitment to Endeavor Catalyst, Endeavor’s fund set up to invest in Endeavor Entrepreneur-led companies.
Endeavor continued to be strongly represented throughout the GES, with more than 25 network members participating on panels and breakout sessions. Bedriye Hulya (b-Fit) and Youssef Chaqor (Kilimanjaro Environment) followed Reid Hoffman in the opening plenary, joining Chamath Palihapitiya (Founder and CEO, Social Capital) for a panel on “Success Stories from Previous GES,” speaking about the obstacles and inspirations they encountered as entrepreneurs in emerging markets.
Hind Hobeika (Instabeat) and Nico Jose “Nix” Nolledo (Xurpas) followed shortly after with a panel on “Bootstrapping and Non-Commercial Financing,” focusing on the growing network of non-commercial funders targeting entrepreneurs as an engine for economic growth and poverty reduction. Endeavor Detroit was also featured on Thursday with a discussion focused on the story of high-impact entrepreneurship in Detroit, moderated by managing director Antonio Luck.
Endeavor’s Allen Taylor with Endeavor Entrepreneurs Zafer Younis (500 Startups) and Tania Zapata (Torre)
On Friday, Ala Alsallal (Jamalon) participated in the “Education Technology” panel while Idriss al Rifai (Fetchr) spoke on “Operating in Low-Tech Environments.” In the afternoon, Allen Taylor (Vice President, Endeavor Global Network) linked up with Zafer Younis (500 Startups) and Tania Zapata (Torre – formerly Bunny, Inc.) to discuss “Exponential Entrepreneurs: Driving Global Innovation through Robust Mentoring.”
In a high-profile speech on Friday in the morning plenary, President Barack Obama recognized Endeavor’s efforts supporting entrepreneurs around the world. In addition, President Obama moderated a panel discussion of entrepreneurs that included Facebook’s Mark Zuckerberg and Endeavor Entrepreneur Mai Medhat (Eventtus), calling for diversity efforts and openness in the startup community.
Since launching in January 2012, Endeavor Catalyst has raised $35MM in philanthropically donated and invested capital, and invested over $20MM into 35 Endeavor companies in 14 countries. To date, Endeavor Catalyst has invested alongside a number of venture capital and growth equity funds, including Accel Partners, General Atlantic, NEA, Sequoia Capital and Tiger Global.
Learn more about GES 2016 by clicking here.
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