Endeavor Sets to Further Strengthen Entrepreneur Communities with Philippines Multiplier Map

Over the past couple of years, the world has been tested and challenged by the unprecedented spread of COVID-19. Though there are some countries who were able to mitigate and lessen the economic impact of this pandemic, many have suffered and still enduring the effects of this global catastrophe.

For the leading global community of, by, and for high impact entrepreneurs – ENDEAVOR – the pandemic the sense of community aimed to build exactly eight years ago. Since the community established in 2014, have been redefining the entrepreneurial ecosystem globally.

Believing that job creation, innovation and overall prosperity flourish where there is robust support for high-impact entrepreneurs, Endeavor recently unveiled the Philippine Multiplier Map to show how Endeavor Entrepreneurs have reshaped the industry.
The Philippine Multiplier Map
A month shy from the end of 2022, Endeavor Entrepreneurs revealed that they have already generated over PHP30 billion in revenues, and have created about 30,000 jobs. Committed to guiding and motivating the next generation, Endeavor Entrepreneurs are reinvesting profits, expertise, and time to multiply the positive impact their individual enterprises have achieved.

Manny Ayala, Endeavor Philippines Managing Director
"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.
In its 2022 Impact Report, which showcases the country's first-ever Multiplier Map and the Multiplier Effect in the Philippines, Endeavor shared the success that the Philippine entrepreneurial ecosystem has achieved, which is mostly driven by the efforts of entrepreneurs to multiply their impact and pay it forward.

The reports highlights (1) The Philippine entrepreneurial ecosystem has grown, in part, due to the Multiplier Effect, as successful entrepreneurs pay it forward to the next generation. They have inspired countless other entrepreneurs. They have mentored and shared their networks with them. And they have re-invested their financial gains in them; (2) Endeavor's first entrepreneurs have emerged as Big Bubbles, having an outsized influence in the ecosystem, serving as key mentors, investors, and advisors for early-stage companies locally and internationally. Endeavor's latest entrepreneurs are already making their mark, primed to become the next generation of Big Bubbles, mentoring as early as now; and (3) Endeavor has selected 33 entrepreneurs from 27 companies who continue to make their mark in the country, generating $513M in revenue in 2022 and creating over 29,000 jobs over the course of 8 years.
Driven by the belief that high-impact entrepreneurs transform economies, Endeavor supports thriving entrepreneurial ecosystems in emerging and underserved markets around the world. Endeavor mentors in the Philippines, for instance, have donated over 1,200 mentoring hours to entrepreneurs from all over the world over the past years. In that time, a few mentors have reached two pivotal milestones in the Endeavor mentor journey: the 1,000+ Minute and 2,000+ Minute Club.
Creating More Meaningful Partnerships
"In the Philippines, Endeavor entrepreneurs and staff reflect the 3Ms - Magaling, Matino, and Mapagbigay. They're the cream of the crop; they operate with a high level of integrity, and they are generous," describes Ayala.

Through Endeavor Catalyst - a rules-based, co-investment fund set up – the community was able to drive investment to same high-impact entrepreneurs that Endeavor supports. These high-impact entrepreneurs are those with the biggest ideas; the greatest potential to achieve meaningful scale; and the ability to inspire, mentor, and reinvest in the next generation. Today, Endeavor Catalyst is among the world's top early-stage funders of startups-turned $1B+ companies ("Unicorns") outside of the U.S. and China.
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.
Endeavor Entrepreneur since 2018, Paolo Hilario of Lay Bare shares: "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."
Members of the 1,000+ Minute Club include Jaime Augusto Zobel de Ayala, Chairman of Ayala Corporation; Injap Sia of Mang Inasal and Double Dragon, and Gabby Lopez, Chairman Emeritus of ABS-CBN. The 2,000+ Minute Club inductees include Anton Huang, President of Stores Specialists, Inc.; David Guerrero, Founder of BBDO Guerrero; and Jasen Ko, Chairman of Laborem, Inc.

"Endeavor is able to create a multiplier effect because we are committed to inspiring high-growth founders to dream bigger, supporting and investing in them to scale faster, and providing a platform to pay it forward--thereby compounding their individual impact," Ayala adds.
To know more about Endeavor, you may visit https://endeavor.org/.

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