so zeb let's touch a little bit on what endeavor is like super brief 30 second overview we'll unpack it more later but just for the audience that's listening in since they don't have a clue like set this up for us
Yeah, so in the most simple form, we're a global entrepreneurship network for growth stage founders.
Those who, if they achieve success, they'll go on to reinvest their time and their capital in the local ecosystem and kind of create a flywheel of success.
We're in kind of these second tier markets, which we think have the potential to be tier one markets.
One of the other interesting things about Endeavor is that it's, it is now its own self-sustaining flywheel.
And let's talk a little bit about that because it's a really unique model that has actually proven to be quite successful.
So, you know, when this started 30 years ago, a lot of the initial funding came from board members.
And a lot of these board members are kind of executives, entrepreneurs, investors have had success and they're kind of paying it forward by reinvesting into the community that served them well.
And so about 15 years ago, Reid Hoffman, who founder of LinkedIn, PayPal, a number of other things, he's been on our global board for 22 years now.
He said, hey, we're supporting some of the top entrepreneurs from these elsewhere markets.
How about we invest in them and then share some outside? And he came up with our rules based fund.
And so when an office launches initially, a lot of the offices get five-year commitments from local executives and entrepreneurs, and that gets you started.
so zeb let's touch a little bit on what endeavor is like super brief 30 second overview we'll unpack it more later but just for the audience that's listening in since they don't have a clue like set this up for us
Yeah, so in the most simple form, we're a global entrepreneurship network for growth stage founders.
Those who, if they achieve success, they'll go on to reinvest their time and their capital in the local ecosystem and kind of create a flywheel of success.
We're in kind of these second tier markets, which we think have the potential to be tier one markets.
One of the other interesting things about Endeavor is that it's, it is now its own self-sustaining flywheel.
And let's talk a little bit about that because it's a really unique model that has actually proven to be quite successful.
So, you know, when this started 30 years ago, a lot of the initial funding came from board members.
And a lot of these board members are kind of executives, entrepreneurs, investors have had success and they're kind of paying it forward by reinvesting into the community that served them well.
And so about 15 years ago, Reid Hoffman, who founder of LinkedIn, PayPal, a number of other things, he's been on our global board for 22 years now.
He said, hey, we're supporting some of the top entrepreneurs from these elsewhere markets.
How about we invest in them and then share some outside? And he came up with our rules based fund.
And so when an office launches initially, a lot of the offices get five-year commitments from local executives and entrepreneurs, and that gets you started.
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