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Global Entrepreneurship
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This publication has been prepared for general guidance on matters World Economic Forum USA Inc.
of interest only, and the views expressed in this publication have been Copyright © 2011
based on workshops, interviews and research and do not necessarily by the World Economic Forum USA Inc.
reflect those of the World Economic Forum, the World Economic Forum All rights reserved.
USA or any of the contributing Companies or Institutions, nor does
it constitute professional advice. The reader should not act upon the World Economic Forum USA Inc.
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Cover photographs: Getty Images

Global Entrepreneurship
and the Successful Growth Strategies
of Early-Stage Companies

A W ORL D EC ONO MIC FO RUM REP ORT


In collaboration with
STANFORD UNIVERSITY, GRADUATE SCHOOL OF BUSINESS, SPRIE and STVP

The World Economic Forum would like to thank Endeavor for their contribution to this project and the report.
A full list of contributors can be found on pages 370-375.

Global Entrepreneurship and the Successful Growth Strategies of Early-Stage Companies World Economic Forum 1

Core Project Team and Authors Steering Committee Members

Lead Academic, Calvin Chin,


Professor George Foster, Chief Executive Officer, Qifang,
Stanford University, USA People’s Republic of China
(Technology Pioneer and Young Global Leader, World Economic Forum)
Professor Antonio Davila,
IESE, Spain Kevin Comolli,
Partner, Accel Partners,
Professor Martin Haemmig,
United Kingdom
CeTIM (Centre for Technology & Innovation Management),
Germany and Stanford University, USA Howard Cox,
Advisory Partner,
Professor Xiaobin He,
Greylock, USA
Huazhong University of Science and Technology,
People’s Republic of China Dan’l Lewin,
Corporate Vice-President for Strategic and Emerging Business,
Professor Ning Jia,
Microsoft Corporation, USA
Tsinghua University, People’s Republic of China
Bernard Liautaud,
From the World Economic Forum General Partner,
Balderton Capital, United Kingdom
Max von Bismarck,
Linda Rottenberg,
Director and Head of Investors Industries,
CEO and Co-founder,
World Economic Forum, USA
Endeavor, USA
Kerry Wellman, (Social Entrepreneur and
Senior Community Manager, Investors Industries, Young Global Leader Alumni, World Economic Forum)
World Economic Forum, USA
Jean-Bernard Schmidt,
Founding Managing Partner,
Sofinnova Partners, France
Project Administrator
Helmut Schühsler,
Diane Lee, Managing Partner,
Stanford University, USA TVM Capital, Germany

David Spreng,
Founder and Managing Partner,
From Endeavor
Crescendo Ventures, USA

Shaun Young, Niklas Zennström,


Senior Manager, Founder,
Endeavor, USA Atomico Ventures, United Kingdom
(Young Global Leader Alumni, World Economic Forum)
David Wachtel,
Senior Vice-President, Marketing, Communications and Research,
Endeavor, USA

2 World Economic Forum Global Entrepreneurship and the Successful Growth Strategies of Early-Stage Companies

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