A former employee of a startup is twice as likely to start it as another employee

The Spanish entrepreneurial ecosystem is going through stage of maturity Where it is possible to identify entrepreneurs and startups of the second generation that have successfully developed into more and a unicorn.

These companies have The ability to measure as a common denominatorContribute to building a new economy, more digitized and technological, which normalizes a process of profound change in the post-pandemic society.

But what other characteristics – which may be less obvious to the general public – do these startups have in common? Endeavor, the global community of high-impact leadersintroduces the “multiplier effect” into the equation as a new metric for estimating a company’s success.

[Más empleo en ‘scaleups’ ‘versus’ despidos en grandes tecnológicas: España, lista para ser un ‘hub’ de talento digital]

Because beyond the ratings, billing, or markets they penetrate, Its influence is such that many other startups are sprouting and expanding It posits a new perspective that helps make sense of the complex—global and connected—world of entrepreneurship.

To conceive of what Endeavor called double effectthe organization produced a world map of entrepreneurship terms of impact 24 entrepreneurs, three of them Spanish. Those names are Cabify, Ciclars, and ASTI, which are appropriate names for the ecosystem within and beyond our borders.

map effect multiplier

Using data provided by Endeavor entrepreneurs and their companies, along with supplementary information from Pitchbook and LinkedIn, the map looks at all of the entrepreneurs they have previously mentored, invested in, or employed, as well as the serial entrepreneurship statuses of those 24 selected companies. .

The data is, to say the least, revealing. In case cabify, yeswe The former employees have founded nearly 90 companies, and its founder, Juan de Antonio, has advised or invested in 50 other entrepreneurs.

“Our country has a lot of talent to create and expand new companies that provide the jobs of the future, transform our lives for the better and lead not only the IBEX 35, but also the NYSE and NASDAQ,” he told D+I. Juan de Antonio, Founder and CEO, Cabify.

“This talent needs experience in similar situations in order to maximize its impact. The greatest value that companies like Cabify provide is the multiplier effect: Be those seeds that facilitate the creation of forests“, Add.

The value offered by companies like Cabify is the multiplier effect: being those seeds that facilitate the creation of forests

john anthony, Founder and CEO of Cabify

It is that working in a company that has expanded during its rapid growth helps employees develop The skills needed to become founders A very successful company.

in this line, After working for a startup that managed to scale, Doubles the former employee’s chances of expanding his company.

Clicks This fact also shows. Clicars was selected by Endeavor Spain in 2019. Its founders, Pablo Fernández and Carlos Rivera, have advised more than 40 companies through mentoring and inspiration More than ten employees to carry out.

Paul is one of Angel investors The most active in our country, it has boosted the growth of more than 40 companies thanks to its investments. Pablo is also a serial entrepreneur who founded Clicars, Clikalia, and now Clidrive.

One of the most comforting moments for a founder who has created a portfolio is the ripple effect exit. Mentoring or investing are natural steps that help others not to make other mistakes.” Carlos Rivera, Clicars Co-Founder.

“In the case of Clicars, after paying out €500m in six years, profitably and with only a €5m capital raise, we share our experience of hyper-growth and profitability at a time like the present when access to investment rounds is difficult to finance. Continue to help entrepreneurs become entrepreneursRivera adds.

This effect is one of the most comforting moments for the founder who has made an “exit”; Help others not to make mistakes

Carlos Rivera Clickers co-founder

Close the trio of Spanish talents reflected in the Endeavor map ASTI and its founder, Veronica Pascual Boywhich is not just treasures yet redefined robotics industry in our country, but also showing a clear commitment to helping the next generation of entrepreneurs and Bridging the gender gap in STEM careers through her foundation and direction of more than 30 companies, many of which are led by women.

“Entrepreneurship in Spain has a huge ripple effect. On the one hand, Giving signals to our youth so that they dare to dream And realize their dreams through entrepreneurship, generating proprietary or hyper-differentiated technologies, products and services to expand within our borders and beyond,” emphasized D+I Veronica Pascual.

On the other hand, the entrepreneur emphasizes the ability to do so Talent generation and recruitment One of these companies is expanding rapidly.

“around Expand A complete ecosystem of talents, investment funds, banks, suppliers, education center, innovation centers … also industrial investment attracted by cooperation with these companies is being created, which generates positive spirals of value Very beneficial to our society.”

This multiplier effect gives signals to our youth so that they dare to dream through entrepreneurship.

Veronica Pascual President of the ASTI Foundation

But what exactly is it and how is the multiplier effect of an entrepreneur measured? Endeavor defines it as “the individual influence on the founder to grow the ecosystem from within, Pollinate your experience and reinvest in the ecosystem To support its growth, thanks to its commitment to the next generation of entrepreneurs.

To define it, concepts like Advice, investing, inspiration and serial entrepreneurship.

This way they take into account thennumber From the guidance provided by the founder to saving mistakes and headaches for entrepreneurs who are going through a situation similar to the one they have already gone through.

n also attendnumber Of the former employees who, with what they learned within the fast-growing company and Inspired by their founders, they set out to do just thatand of course in nnumber of the companies he founded.

“Often, in the face of a liquidity event, founders with a large multiplier effect, They launch themselves again, with the learning in their backpack than previous projects, allowing them to scale faster thanks to their contacts and make fewer mistakes,” says the Endeavor study.

ripple effect in the United States

Beyond our borders, in the United States – one of the world’s leading ecosystems – You can also see the multiplier effect by looking at the effect PayPal in Silicon Valley.

Endeavor notes that former PayPal employees — sometimes called the “PayPal mob” — founded companies like Tesla, LinkedIn, Palantir, SpaceX, Affirm, and Yelp.

In conclusion, the main lesson is that when entrepreneurs help other entrepreneurs, Your efforts multiply exponentially. Together, founders can build the following Silicon ValleyThriving entrepreneurship ecosystems driving broad and sustainable economic growth.

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