Endeavor, the leading global community of high impact entrepreneurs, has unveiled the Philippine Multiplier Map to show how these firms reshape the entrepreneurial ecosystem since the community was established in 2014.
The Philippine Multiplier Map intends to trace the footprint and the impact made by Endeavor entrepreneurs in the country.
Manny Ayala, Endeavor Philippines managing director, said Endeavor entrepreneurs have generated over P30 billion in revenues in 2022 alone, 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.
In the Philippines Endeavor has selected 33 entrepreneurs from 27 companies who continue to make their mark over the past eight years.
“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,” said Ayala.
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.”
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.
To sustain Endeavor’s long-term operations in a mission-aligned way, Endeavor created Endeavor Catalyst—a rules-based, co-investment fund set up to invest in the same high-impact entrepreneurs that Endeavor supports. 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, Co-founders of Kumu; and Steve Sy, CEO of Great Deals E-Commerce Corp.