High-impact entrepreneurs reinvest profit, expertise, time to create multiplier effect and transform entrepreneurship
Endeavor unveils the Philippines Multiplier Map.
The Philippine Multiplier Map was unveiled by Endeavor, the top worldwide community of, by, and for high impact entrepreneurs, to demonstrate how Endeavor Entrepreneurs have changed the entrepreneurial ecosystem since the group was founded in 2014.
In 2022 alone, Endeavor Entrepreneurs brought in about PHP30 billion and added over 30,000 employment. Endeavor Entrepreneurs are reinvesting profits, knowledge, and time to multiply the good effect each of their individual businesses has made because they are committed to educating and inspiring the next generation.
“The Philippine entrepreneurial ecosystem is at an inflection point, with more companies launching than ever before, more venture capital firms setting up and more capital flowing into the Philippines. With the growth of the ecosystem, we’ve also witnessed the emergence of high impact entrepreneurs, those who inspire, mentor, and invest in the next generation of entrepreneurs, thereby unleashing a far-reaching multiplier effect,” says Manny Ayala, Endeavor Philippines Managing Director. Endeavor defines high-impact entrepreneurs as those with the biggest ideas; the greatest potential to achieve meaningful scale; and the ability to inspire, mentor, and reinvest in the next generation.”
Enthusiastically promoting healthy entrepreneurial ecosystems in developing and neglected countries all around the world, Endeavor is motivated by the conviction that high-impact entrepreneurs alter economies. For instance, during the past few years, Endeavor mentors in the Philippines have given more than 1,200 hours of mentoring to business owners from around the world. During that time, a select few mentors have achieved the 1,000+ Minute and 2,000+ Minute Clubs, two significant turning points in the Endeavor mentor journey.
Endeavor established Endeavor Catalyst, a rules-based, co-investment fund designed to invest in the same high-impact entrepreneurs that Endeavor supports, in order to sustain Endeavor’s long-term operations in a mission-aligned manner. Today, outside of the United States and China, Endeavor Catalyst is among the top early-stage investors in firms that grow into $1 billion or more in revenue (“Unicorns”).
PAYING IT FORWARD
Paying it forward has sparked Endeavor Philippines’ entrepreneurial spirit.
“in the Philippines, Endeavor entrepreneurs and staff reflect the 3Ms-Mogaling, Matino, and Mapagbigay. They’re the cream of the crop; they operate with a high level of integrity, and they are generous,” describes Ayala.
Endeavor Entrepreneurs, whose ventures have emerged as Big Bubbles (companies that have had a measurably large multiplier effect in the ecosystem), now serve as key mentors, investors, and advisers for early-stage companies locally and internationally. Among them are Nix Nolledo; Ron Hose, CEO of Coins.ph; Richard Eldridge, Co-founder of Lenddo; and Paul Rivera, Co-founder and CEO of Kalibrr.
Meanwhile, next generation Endeavor Entrepreneurs who are already making their mark and primed as the next Big Bubbles in the Philippines’ startup ecosystem include Roland Ros and Rexy Dorado, Cofounders of Kumu; and Steve Sy, CEO of Great Deals E-Commerce Corp.
“For me, being an EE (Endeavor Entrepreneur) means playing a greater role in the betterment of society. I think it’s our responsibility to pay it forward. Endeavor has allowed us many wonderful things. It’s our duty to mentor and give back to others,” says Paolo Hilario of Lay Bare, an EE since 2018.
To know more about Endeavor, you may visit https://endeavor.org/.
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