Two EY Entrepreneur Of The Year Greater Los Angeles finalist companies, inMarket and StackCommerce, sat down with Crain’s to share their unique experiences establishing headquarters in the eclectic and diverse LA neighborhood known as “Silicon Beach.” In 2011, Venice was known more for skateboards than startups and Snapchat. But, that year, Google leased 100,000 square feet of space in Venice to relocate from Santa Monica. Dollar Shave Club would soon begin shipping razors from a Venice garage.
“Venice brought us The Doors in the ’60s, and in the early 1900s Venice was like Disneyland. It’s always been a place for new things, entrepreneurs who are pushing forward, rulebreakers rather than rule followers,” said Todd Dipaola, CEO of inMarket. “That’s always attracted me to Venice.”
Read the full article: Venice’s laid-back vibes still draw startups to the beach (Crain’s LA)
Researchers from leading universities, including the University of Southern California (USC) Marshall School, have released a study that says that people who take incessant pictures are able to remember events better than those who do not. Researchers conducted a study in which they gathered individuals and asked them to take a tour of a museum, half of them with cameras and half of them without cameras, but with an audio guide to help them out.
“The people who take a lot of photos focus on the visual aspect,” said Dr. Kristin Diehl, associate professor of marketing at USC Marshall School of Business. “This visual memory is helped by taking photos.”
See the full interview below.
Cloudbreak CEO Jamey Edwards and other healthcare leaders, shared with Becker’s Hospital Review the key trends disrupting the traditional hospital, how institutions can prepare for the future and what the hospital of tomorrow will look like.
“The hospital of the future will be smaller and more connected,” said Edwards. “In fact, the definition of a hospital may change entirely as health systems’ care networks are extending far beyond the traditional brick-and-mortar walls into the workplace, home or wherever the patient may be.”
Read the full article: 45 hospital and healthcare executives outline the hospital of the future (Becker’s Hospital Review)
Ryan Jenkins, host of the Next Generation Catalyst Podcast, interviewed Jaspar Weir, President of TaskUs, on the challenges companies face leading multi-generational workforces. TaskUs provides outsourcing services to over 100 of the world’s most innovative companies, allowing them to focus on product and technology.
The conversation includes a discussion around how to motivate a multi-generational workforce, the best practices for managing a remote multi-generational team and what TaskUs has done to become a leader in the retention of Millennials.
Listen below for the full interview:
Networking is an art that takes practice to master. The wider the network, the greater reach your message and your brand will have. After all, it’s not what you know, it’s who you know. So how do you start to make these connections? A new contact can provide new viewpoints and new opportunities. Here are six tips to network like a pro.
Download PDF version of this issue: 6 ways to add fireworks to your networking
- Develop a roadmap. The first step to successful networking is to figure out where you should be headed and what stops to make along the way. Before the year ends, create an events calendar with dates for all major industry conferences and meetings. Start local and go from there. Make it your mission to attend at least 10 events each year. Conferences like Fortune Brainstorm TECH and Thrive are popular for business leaders and key influencers. Watch for speaking and panel opportunities.
- Do your research. Before an event, pinpoint who will be there. Look at speakers’ social media activity and browse through recent media coverage of them. Subscribe to newsletters and news alerts from major outlets like The New York Times, the Los Angeles Times and The Wall Street Journal and business trades such as Inc., Forbes and Entrepreneur. Collect information so that, when an introduction occurs, you can work what you have learned into the conversation. It only takes one tidbit to strike a connection.
- Step outside your comfort zone. Make a point to talk to new people. If you’re an introvert, start a conversation with someone who is standing alone. They may appreciate that you were the initiator. For the more socially confident, stake out a high-traffic location like the bar or near the check-in table. This will give you access to many potential connections.
- Be a giver. Start with your business card. Make this exchange more memorable by handwriting additional contact information or a keyword relating to your conversation on it. Introduce your new connections to the people you’ve already met, especially when you see a reason why they should meet.
- Be smart about social. The number of Fortune 500 CEOs on Twitter continues to rise. Social media allows you to network at the palm of your hands. Conferences always have a hashtag – use it for your posts and to see what other attendees have shared. Join the conversation, ask questions and jump in when you see an opening. This will be the easiest way to network.
- Stay connected. After a conference or a business lunch, don’t stop networking. Keep in touch. Connect with new contacts on LinkedIn, and while you’re at it, publish a post about the event, its value and your key takeaways. Don’t just build your network, stay engaged with your network.
It’s crucial to meet new people to grow a business or build a brand. You’re not trying to become fast friends, but rather establish a professional relationship that will benefit both parties. The more opportunities for growth and exposure, the better. With the rise of social media, the world has become more connected than ever. Take advantage of the tools that are already at your disposal.
Send the invite, pick up the phone. Practice these tips at your next summer party.
EY’s Scott Porter is a partner and the Entrepreneur Of The Year Program Director in Los Angeles. As an advisory partner, Scott Porter works with public and privately-held companies in the media, entertainment and technology sectors. In the latest “If I Knew Then” feature from Crain’s, Porter talks about the lesson that had the most impact on his professional life.
“Early on, I thought networking should happen overnight, and I didn’t really understand that those relationships take time. And time is my most valuable asset, as well as the most valuable asset of others. It’s not just me who is having to invest my time in getting to know somebody and building that relationship. I didn’t recognize that I was asking the other side to do the same thing—to invest their time, which is scarce, in building a relationship with me.”
Read the full article: If I Knew Then… Scott Porter (Crain’s)
The Great Courses Plus, the online streaming service featuring original content for the whole family, was featured among the 10 best mobile apps for this summer in Proto.io. Members of The Great Courses Plus get unlimited access to more than 8,000 lectures online via connected television or mobile devices for a monthly subscription fee.
“The Great Courses Plus is a dream come true for parents hoping to keep their kids busy over the summer,” says Angelica Valentine at Prot.io. Kids can choose topics that sound interesting to them and you can be assured their brains aren’t resting dormant for weeks on end. It’s a win-win for everyone, in our book.”
Read the full article: 10 best mobile apps for this summer. (Prot.io)
Built in LA highlights TaskUs as EY Entrepreneur Of The Year® Award Winners in this week’s Tech Roundup
TaskUs, the leader in business processing outsourcing, was recently announced as a winner in the business services category at the 31st Annual EY Entrepreneur Of The Year® Awards in the Greater Los Angeles region. Winners were announced in a black-tie event on June 15th at the Beverly Hilton.
“It’s been an honor to be recognized among so many of LA’s inspiring business leaders,” said Jaspar Weir, Co-Founder and President of TaskUs. “Our vision was to bring the appeal and opportunity associated with tech companies to the backend staff. This award solidifies our belief that businesses will do good by doing good.”
Read the full article: Tech roundup: EY Entrepreneur Of The Year Award winners announced and more. (Built in LA)
EY has announced its eight winners for the 31st annual Entrepreneur Of The Year Award. The event took place at the Beverly Hilton in Beverly Hills, Calif.
The Entrepreneur Of The Year 2017 Greater Los Angeles Region Award recipients are:
24Hr HomeCare | David Allerby, Co‐Founder and Chief Executive Officer; Ryan Iwamoto, Co‐Founder and Chief Marketing Officer; and Tyner Brenneman‐Slay, Co‐Founder and Chief Operating Officer
Direct Relief | Thomas Tighe, President and Chief Executive Officer
HATCHBEAUTY Products | Tracy Holland, Co‐Founder and Chief Executive Officer
KabaFusion | Dr. Sohail Masood, President and Chief Executive Officer
TaskUs | Bryce Maddock, Co‐Founder and Chief Executive Officer; Jaspar Weir, Co‐Founder and President
TrackR | Chris Herbert, Co‐Founder and Chief Executive Officer; Christian Johan Smith, Co‐Founder and President
Xencor | Bassil Dahiyat, Founder, Chief Executive Officer and President
Yamibuy | Alex Zhou, Founder and Chief Executive Officer
These entrepreneurs now join the ranks of 31 years of winners. As a group, the 2017 Greater Los Angeles Region award winners have made a significant mark on innovation and the economy. Collectively, this year’s award recipients employ more than 14,000 people and earned annual revenues of $1.3 billion.
Read the full announcement: EY Announces Winners of the Entrepreneur Of The Year® 2017 Greater Los Angeles Region Awards