Endeavor Sees Egypt as a Promising Market for Investing in Startups

Linda Rottenberg, CEO of Endeavor, emphasizes the need to allocate long-term capital to emerging ecosystems, noting that Nigeria, Egypt, and Vietnam are among the most promising markets. She explained that investments in startups outside the United States have increased, accounting for over 50% of global investments in 2022. Endeavor has supported over 1,500 companies in 40 countries, and the Endeavor Catalyst Fund includes more than 50 unicorns.

Venture capital activities have decreased by 38%, leading to a decline in the number of unicorns and a slowdown in deals. This decline has affected the stability of emerging ecosystems due to a lack of local investors capable of providing significant funding.

Endeavor is distinguished by its long-term vision to support startups and build investor and founder confidence. Endeavor Catalyst plays a crucial role in supporting startups with significant investments of up to $2 million. Rottenberg also highlights the role of previous entrepreneurs in building the startup ecosystem and the importance of local capital in the early stages of companies, as well as attracting global investors in the advanced growth stages.

Rottenberg calls on global investors to seize opportunities in promising emerging markets like Nigeria, Egypt, and Vietnam, criticizing the stringent conditions imposed by local investors in Africa and advocating for more favorable investment terms for entrepreneurs.