PRESS RELEASE: Miami, FL (September 4, 2013) – Endeavor Global, an organization that supports high-impact entrepreneurs as a way to transform communities, today announced the opening of a Miami affiliate, the first to launch in the United States. To spearhead the effort, Endeavor has identified nine business leaders for its local board of directors, and chosen a new Managing Director.
Founded in 1997 as a non-profit focused on economic development, Endeavor selects and supports high-impact entrepreneurs who have the potential to scale from promising small and medium enterprises (SMEs) into companies that create hundreds, if not thousands, of jobs and generate significant revenues. Endeavor’s first entry into the U.S. market is strongly supported by the Miami-based John S. and James L. Knight Foundation along with key entrepreneurs from the community.
All Endeavor affiliates are guided by a local board of business leaders, each of whom believes that high-impact entrepreneurship can transform economies. The Endeavor Miami founding board will be co-chaired by Adriana Cisneros, Vice Chairman of the Board and CEO, Cisneros Group of Companies, and Daniel Echavarria, Director, Organizacion Corona. They will be joined by Alberto Beeck; Alberto Chang Rajii, President, Grupo Arcano; Matt Haggman, Program Director- Miami, Knight Foundation; Peter Kellner, Founder and Managing Partner, Richmond Global LLC and co-founder of Endeavor Global; Manny Medina, Managing Partner, Medina Capital Partners; Andres Moreno, Founder and CEO, Open English; and Sean Wolfington, Founder, the Wolfington Companies.
“I couldn’t be happier to be working with such a diverse, engaged group of people who all care about the future of Miami’s budding entrepreneur community,” said Cisneros.
The board has recruited Laura Maydon to become Managing Director of the Endeavor Miami affiliate office. Maydon joins Endeavor with more than 15 years of experience developing new products, identifying new business opportunities, driving growth in various industries, including payments and financial services and with a strong M&A and private equity background. Her passion for entrepreneurship started early in her career when, after graduating from Harvard Business School, she worked first in investment banking and then at a private equity firm screening different businesses and evaluating investment opportunities in the Latin American region. Most recently, Laura worked on developing B2B payment solutions, partnerships and alliances in the region for Visa.
Maydon will immediately begin scoping Endeavor entrepreneur candidates who will be vetted by the local board and ultimately present at one of Endeavor’s upcoming International Selection Panels. Endeavor Entrepreneurs receive access to mentors and an international network of business professionals and resources including professional service firms and educational programs.
“We’re very excited about the prospect of helping talented entrepreneurs in Miami to scale up their businesses,” said Endeavor co-founder and CEO Linda Rottenberg. “There is a lot of talk about start-ups in Miami but Endeavor plays a unique role in identifying those businesses that are at a key inflection point and helping them to dramatically increase revenue and job creation.”
“The opening of Endeavor Miami’s doors is an important milestone in the city’s rise as an emerging hub for innovators and entrepreneurs,” said Matt Haggman, Miami program director for Knight Foundation and Endeavor Miami board member. “It signals a strong commitment from local leaders who are willing to invest in Miami’s future and who recognize its potential as a place where ideas are built.”
In the past 15 years Endeavor has selected over 800 high-impact entrepreneurs from 15 countries around the world in Latin America, Africa, the Middle East, Turkey, and Southeast Asia. In 2012, these entrepreneurs generated US $6.0BN in revenue and had created 225,000 jobs.
“We look forward to providing entrepreneurs in Miami with same kind of invaluable mentorship that has become Endeavor’s trademark,” said Endeavor co-founder and Miami board member Peter Kellner.
Hailed by New York Times columnist Thomas Friedman for its “mentor capitalist” model, Endeavor identifies entrepreneurs leading high-growth innovative companies around the world. These entrepreneurs are given world-class strategic advice, access to key networks and other tools that will catapult them to success. With Endeavor’s guidance they become “high-impact” – expanding employment, generating wealth and inspiring others to innovate. Often overlooked, these local entrepreneurs are now jumpstarting private sector development in cities and countries around the world.
At year-end 2012, Endeavor Entrepreneurs had created more than 225,000 jobs and generated over $6 billion in revenues. In 2013, the organization has achieved new benchmarks by selecting its 800th entrepreneur — and 500th company — to support. For more information, visit www.endeavor.org
For more information on Endeavor Miami, please contact Laura Maydon, firstname.lastname@example.org.
For further details on Endeavor Global and Endeavor’s entire portfolio of High-Impact Entrepreneurs please contact email@example.com.