Transcript grow the Lebanese GDP by 1%

Mr. Tarek Sadi
Managing Director
Endeavor Lebanon
Lebanon Economic Forum
Session IV – Supporting SMEs and Entrepreneurs
Tel: +961 1 780200
Fax: +961 1 780206
P.O. Box 113-6194
Hamra, Beirut 1103 2100
Lebanon
Contact: Ms. Eva Dirany
[email protected]
An Introduction
Endeavor Overview:
to
Endeavor
The Role of High-Impact Entrepreneurs
Our Mission
Our Results
Today in 17 countries with 10 more by 2015
Identifying High-Impact Entrepreneurs in the
small and medium enterprise (SME) space
Our programs address the challenges entrepreneurs
face around the world to provide access to
So, does it work?
COMPANY
AirTies (Turkey)
Provides wireless
solutions for residential
and small business
markets
Patagon
(Argentina)
Argentina’s first online
broker
Spoleto (Brazil)
High-end fast food
franchise
KEY METRICS
THE ENDEAVOR EFFECT
466% growth in
revenue and 473%
growth in jobs since
• Facilitated strategic partnerships in Egypt and Greece
• Helped AirTies secure major financing from angel investors
• Linked entrepreneur to Inc. Magazine, which subsequently wrote
an extensive feature on the company
selection
27,000% growth in
revenue and 9,275%
growth in jobs since 1998
selection
6,039% growth in
revenue and 3,221%
growth in jobs since 2003
• Patagon needed US$100K in financing and was turned down by
30 investors; through Endeavor connections, the company
attracted US$4 million
• One year later, the entrepreneur sold a majority stake in Patagon
to Banco Santander at a US$750 million valuation.
•
•
selection
Jeeran (Jordan)
Local reviews website
8 million unique
visitors a month
•
•
eMBA helped with expansion strategy; Spoleto now has 250
branches in Brazil, 23 in Mexico, and 3 in Spain
Has received tens of hours of mentoring on issues ranging from
ownership restructuring, operations, and legal issues
Endeavor took Jeeran to Silicon Valley where they met David
McClure, the founder of 500 Startups
9 months later, 500 Startups invested in Jeeran, marking its first
investment in the MENA region
What does this mean for Lebanon?
To grow the Lebanese GDP by
1%, we would need to support
12,144
To create 100,000 new jobs in
Lebanon, we would need to support
77,320
1,204
4,340
99
New
Microenterprises
New SMEs
SMEs growing to
become large
companies
Endeavor Analysis: Regression based on OECD data and definitions
New Microenterprises
New SMEs
148
SMEs growing to
become large
companies
The End Game: The Multiplier Effect
Buenos Aires
Tech Network
Amman
Tech Network
Istanbul
Tech Network