Endeavor Honors High-Impact Entrepreneurs Yahoo!’s Jerry Yang and Terry Semel

NEW YORK--(BUSINESS WIRE)--Endeavor, the leading supporter of high-impact entrepreneurs in emerging markets, honored Yahoo! co-founder Jerry Yang and CEO Terry Semel at its annual gala last night in New York City.

“It has not only changed the way we communicate but invigorated the entrepreneurial drive to invent and develop breakthroughs that will improve our lives. It is the example we want our Endeavor Entrepreneurs to follow.”

This year’s gala will hail the achievements of Endeavor’s many entrepreneurs throughout Latin America, Turkey and South Africa and honor Yang and Semel for their pioneering and innovative vision that serves as the role model for aspiring entrepreneurs world-wide.

“Despite the nay-sayers, Jerry and Terry preserved with their vision to connect, access, share and create information,” said Elmira Bayrasli, Endeavor’s Director of Communications and Outreach. “It has not only changed the way we communicate but invigorated the entrepreneurial drive to invent and develop breakthroughs that will improve our lives. It is the example we want our Endeavor Entrepreneurs to follow.”

Endeavor Entrepreneurs are those poised to develop new technologies and innovations that will transform societies and create hundreds – even thousands – of jobs and generate millions in wages and revenues in developing countries - but lack the role models and networks to reach their potential. Endeavor, through its powerful network, provides these promising entrepreneurs with the access, support and role models necessary to scale successful businesses and open up future opportunities.

About Endeavor

Among the root causes of poverty in many parts of the world are the lack of jobs and the lack of social mobility. Since 1997, Endeavor has been the leading supporter of high-impact entrepreneurship in emerging markets. High-impact entrepreneurship creates jobs, generates wealth and contributes to the economic and social development of their countries. Endeavor has offices in Argentina, Brazil, Chile, Colombia, Mexico, South Africa, Turkey and Uruguay – and a bold plan for expansion into Asia, Africa and the Middle East.

As of October 2006, Endeavor has supported more than 250 entrepreneurs, created more than 45,000 new jobs and generated approximately US$ 2 billion in new revenue.

Former World Bank President and Endeavor Global Board Member James D. Wolfensohn says, “Endeavor has played an instrumental role in promoting entrepreneurship as a tool for development. It is a model that should be replicated around the world.”