VC enviroment evolves to go beyond start-ups

grabow

Jeff Grabow leads Ernst & Young’s VC efforts on the West Coast.

The venture captial environment isn’t what it used to be. Guess what? That’s not a bad thing. VC has evolved to include more than just start-up companies and understanding the key trends in that evolution can be critical to getting your company funded, writes Jeff Grabow in an article for socalTECH.com. Grabow, a partner at Ernst & Young leads the firm’s VC efforts on the West Coast.

One thing hasn’t changed: A healthy exit environment is needed to for the entire ecosystem to work. We’re now seeing strong IPOs driving some VC returns, according to Grabow. The more VC returns increase, the more capital will be available for the next great generation of interesting companies with great ideas.

 

Mayor Garcetti proclaims ‘EY Day in Los Angeles’ as 700 volunteer

From left, Angela Milano, Kelvin Keith, Michael Flood, Richard Fong and David Lipschutz with the proclamation from Mayor Eric Garcetti declaring Sept. 27 "EY Day in Los Angeles.” The five joined more than 170 EY accountants and other professionals who volunteered at the LA Regional Food Bank during "EY Connect Day."

From left, Angela Milano, Kelvin Keith, Michael Flood, Richard Fung and David Lipschutz with the proclamation from Mayor Eric Garcetti declaring Sept. 27 “EY Day in Los Angeles.” The five joined more than 170 EY accountants and other professionals who volunteered at the LA Regional Food Bank during “EY Connect Day.”

Mayor Eric Garcetti issued a proclamation recognizing today as “EY Day in Los Angeles” as more than 700 hundred accountants and other professionals left their spreadsheets at the office to volunteer throughout the community. It’s all part of the firm’s national “EY Connect Day” which gives employees nationwide the day off so that they might give back to their communities.

Among the “EY Connect Day” projects this year, thirty firm volunteers worked with the United Way and YWCA to provide coaching on interviewing techniques to Job Corps students, conduct mock job interviews, offer resume feedback and assist with financial education classes.

Building on last year’s project where EY volunteers established a lending library at the Variety Boys & Girls Club in East Los Angeles, this year’s volunteers catalogued, labeled and shelved an additional 1,000 books for the club’s collection, as well as removed books the club no longer needed. The project has enabled club members to read over 500 books in the past year.

Other organizations with “EY Connect Day” projects in Los Angeles this year included the California Science Center, Habit for Humanity, a number of food banks and numerous others.

EY-Earthwatch Ambassadors program offers ‘real life case study’

Pamela Mizuno in Costa Rica

Pamela Mizuno in Costa Rica

Now in its fifth year in Costa Rica, the EY-Earthwatch Ambassadors program sent Pamela Mizuno and her fellow volunteers to Santa María de Dota and San Marcos de Tarrazú in the country’s Tarrazú/Los Santos coffee region.

The 10 ambassadors worked with a 2,600-member coffee farming cooperative, conducting field research and collecting data to help understand the practices that lead to optimum and sustainable coffee production.

“One of my concentrations within international relations was international political economy,” Mizuno, a 2010 University of Southern California graduate, said in an interview with USC Dornsife. “This gave me a framework to understand and appreciate how the co-op strategically implemented practices related to supply and demand and fair trade. It was a real life case study for me.”

Ernst & Young announces promotions and additions throughout West Coast

EY_logoErnst & Young LLP has announced 39 major promotions and three new additions across eight offices in the West, including 18 partners:


Las Vegas

  • Chris Raimondo – Promoted to principal from senior manager.


Los Angeles

  • Sandra Burns – Promoted to partner from senior manager.
  • Paul Chen – Promoted to partner from senior manager.
  • Glen Day – Promoted to principal from senior manager.
  • Deep Ghumman – Promoted to principal from senior manager.
  • Dorian Redding – Promoted to principal from senior manager.
  • Marc Roberts – Promoted to partner from senior manager.
  • Timothy Teagle – Promoted to principal from director.
  • Edith Yavarian – Promoted to partner from senior manager.
  • Patrick Hynes – Promoted to executive director from senior manager.
  • Sherri Kelly – Promoted to executive director from senior manager.
  • Debbie Lew – Promoted to executive director from senior manager.
  • Glenn Walsh – Promoted to executive director from senior manager.


Orange County

  • Mark Montoya – Promoted to partner from senior manager.
  • Ayan Roy – Promoted to principal from senior manager.
  • Lee Welborn – Promoted to executive director from senior manager.


Redwood Shores

  • Shekhar MahadevanPromoted to executive director from senior manager.


San Diego

  • Judson QuigglePromoted to partner from senior manager.


San Francisco

  • Brian Eggert – Promoted to partner from senior manager.
  • Anne Freden – Promoted to principal from senior manager.
  • Javier Garcia – Promoted to partner from senior manager.
  • Matthew Hatch – Promoted to partner from senior manager.
  • Jackie Pan – Promoted to principal from senior manager.
  • Barak Ravid – Promoted to principal from executive director.
  • Mazhar Wani – Promoted to partner from senior manager.
  • Rick Berge – Promoted to executive director from senior manager.
  • Mark Doyle – Promoted to executive director from senior manager.
  • Maria Joseph Promoted to executive director from senior manager.
  • Michael Winter – Promoted to executive director from senior manager.


San Jose

  • Wendy Drummond Craig Promoted to partner from senior manager.
  • Tatyana Kovalchuk Promoted to partner from senior manager.
  • Ye Wang – Promoted to partner from senior manager.
  • Irine Dibowitz – Promoted to executive director from senior manager.
  • Ame Cruz Ponce – Promoted to director from associate director.


Seattle

  • Sue Borgman – Joined as a principal from the firm’s San Jose office.
  • Doug Sirotta – Joined as a partner from a regional accounting firm where he managed its San Jose, San Francisco and Los Angeles offices and served as the national leader for tax.
  • Matthew Stover – Rejoined as a partner from eBay Inc. where he spent the last year as the company’s director of accounting.
  • Oren Lang-Furr – Promoted to partner from senior manager.
  • Matthew Rundorff – Promoted to partner from senior manager.
  • Chad Miller – Promoted to partner from senior manager.
  • Catherine Banks – Promoted to director from associate director.
  • Scott Gelber – Promoted to principal from senior manager.

FOX segment features Entrepreneur of the Year standouts

A new segment called “Growing Our Economy” on KTTV FOX 11 in Los Angeles focuses on what local business leaders are seeing and saying about jobs. Among those featured so far by Christine Devine are:

  • Brian Ring, Ernst and Young Entrepreneur of the Year Awards (EOY) program director, in a piece titled “LA’s Best In Business” (July 9);
  • Kamran Pourzanjani, an entrepreneur and long-time EOY judge, “An Entrepreneur’s Opinion” (July 16); and
  • Martha de la Torre and Joe Badame, EOY finalists who built El Clasificado into the largest free Spanish publication in the country, “El Clasificado” (July 17).

Devine, who has 16 Emmys, hosted the Entrepreneur of the Year Awards last month at a 700-person gala held at the Beverly Hilton.

Entrepreneur of Year winners announced in LA

The An Family, of fourth generation family-owned business House of An, receives Ernst & Young Entrepreneur Of The Year Family Business Award of Excellence. From left to right: Monique An, Jacqueline An, Catherine An, Helene An, Hannah An, and Elizabeth An.

The An Family, of fourth generation family-owned business House of An, received the Ernst & Young Entrepreneur of the Year Family Business Award of Excellence. From left to right: Monique An, Jacqueline An, Catherine An, Helene An, Hannah An and Elizabeth An.

Ernst & Young announced the Entrepreneur of the Year® 2013 award recipients in Greater Los Angeles at a gala event Tuesday at the Beverly Hilton Hotel in Beverly Hills.

The winners are:

  • „Janice Bryant Howroyd, CEO, The Act 1 Group – Torrance, Calif.
  • Clarence Daniels Jr., Chairman & CEO, Concession Management Services, Inc. – Los Angeles, Calif.
  • „Sam Naficy, President & CEO, DTT – Los Angeles, Calif.
  • Jeff Stibel, Chairman & CEO, Dun & Bradstreet Credibility Corp. – Malibu, Calif.
  • The An Family, Managing Partners and Executive Chef, House of An – Beverly Hills, Calif.
  • Bob Sinnott, CEO, Kayne Anderson Capital Advisors, L.P. – Los Angeles, Calif.
  • Moctesuma Esparza, CEO, Maya Cinemas North America, Inc – Los Angeles, Calif.

Collectively, the award recipients have created over 1,100 jobs over the past two years. On average, they have increased their workforce by 40 percent and have grown their revenues by 42 percent between 2010 and 2012.

LA Entrepreneur of the Year finalists

EOYErnst & Young LLP has announced 19 finalists for the Ernst & Young Entrepreneur of the Year 2013 Award in greater Los Angeles. The finalists were selected by a panel of independent judges. Collectively, these finalists have created over 10,000 jobs. On average, they have increased their workforce by 20% and have grown their revenues by 53% since 2010.

Award winners will be announced at a special gala, with over 7o0 entrepreneurs and business leaders, on Tuesday, June 18, 2013 at the Beverly Hilton Hotel in Beverly Hills, CA. The 2013 finalist are:

  • Janice Bryant Howroyd, CEO, The Act 1 Group – Torrance, CA
  • Dinesh Ravishanker, CEO & Co-Founder, CallFire – Santa Monica, CA
  • Mel Elias, President & CEO, The Coffee Bean & Tea Leaf – Los Angeles, CA
  • Clarence Daniels Jr., Chairman & CEO, Concession Management Services – Los Angeles, CA
  •   Sam Naficy, President & CEO, DTT – Los Angeles, CA
  •   Jeff Stibel, Chairman & CEO, Dun & Bradstreet Credibility Corp. – Malibu, CA
  •   Martha de la Torre and Joe Badame, Co-Founders, El Clasificado – Norwalk, CA
  •   Jamey Edwards, CEO, Emergent Medical Associates – Manhattan Beach, CA
  •   The An Family, Founders, House of An (Crustacean, An Qi, Tiato, Thanh Long, and An Catering) – Beverly Hills, CA
  •   Ed Bagdasarian, President, Jim Freedman, Chairman, Mike Rosenberg, CEO, Intrepid Investment Bankers LLC – Los Angeles, CA
  •   Bob Sinnott, CEO, Kayne Anderson Capital Advisors, L.P. – Los Angeles, CA
  •   Moctesuma Esparza, CEO, Maya Cinemas North America, Inc – Los Angeles, CA
  •   Demian Sellfors, CEO and Co-Founder, Media Temple – Culver City, CA
  •   Rick Stollmeyer, CEO, MINDBODY Inc. – San Luis Obispo, CA
  •   Tim Cadogan, CEO, OpenX – Pasadena, CA
  •   Loren Bendele, President & Co-Founder, Savings.com – Los Angeles, CA
  •   Walter Driver, CEO, Scopely – Los Angeles, CA
  •   Jessica Firestone, President & CEO, Tempest Telecom Solutions LLC – Santa Barbara, CA
  •   Jeff Green, CEO & Founder, The Trade Desk – Ventura, CA

San Diego finalists for Entrepreneur of the Year

EOYErnst & Young LLP has announced 16 finalists for the Ernst & Young Entrepreneur of the Year 2013 Award in San Diego. The finalists were selected from nearly 60 nominations by a panel of independent judges.

Award winners will be announced at a special awards gala on Thursday, June 13, at The Hyatt Regency Aventine in La Jolla, Calif. The 2013 finalists are:

  • Adconion Direct, San Diego – Kim Reed Perell, CEO
  • Behind the Scenes Catering & Events, San Diego – John Crisafulli, President
  • Cadence Pharmaceuticals, San Diego – Theodore Schroeder, President & CEO
  • ecoATM, San Diego – Tom Tullie, CEO & Chairman of the Board
  • Elite, San Diego – John Kontopuls, President & CEO
  • Genomatica, San Diego – Christophe Schilling, CEO & Co-Founder
  • Halozyme Therapeutics, San Diego – Gregory Frost, President & CEO
  • Independa, Inc., La Jolla – Kian Saneii, CEO
  • LifeProof, San Diego – Gary Rayner, CEO
  • MedVantx, San Diego – Robert Feeney, CEO & Founder
  • Peregrine Semiconductor Corp., San Diego – James Cable, CEO
  • Santarus, Inc., San Diego – Gerald Proehl, President & CEO
  • Sempra U.S. Gas & Power, San Diego – Jeff Martin, President & CEO
  • SkinMedica, Carlsbad – Mary Fisher, CEO
  • Sullivan Solar Power, San Diego – Daniel Sullivan, President
  • The Wheat Group Inc., San Diego – Kelly Grismer, President and Chad Grismer, CEO

Stover rejoins Ernst & Young in Seattle

Stover Matt_EY

Matt Stover, new Assurance Partner at Ernst & Young

Matthew Stover has rejoined Ernst & Young LLP’s Seattle practice as an assurance partner, the firm announced today. In his 15-year career, Stover has gained diverse auditing and management experience, focusing on international and SEC technical accounting and reporting matters.

Stover started his career in Ernst & Young’s Chicago and Grand Rapids offices, joining the firm’s Seattle office in 2005. He has worked with companies in a variety of industries, including technology, manufacturing, timber and retail. Stover returns to Ernst & Young from eBay Inc., where he spent the last year as the company’s director of accounting.

“Matt brings more than 15 years of experience serving both international public clients and innovative startups,” said Dan Smith, Seattle Office Managing Partner. “He has worked with many of the Pacific Northwest’s leading companies, and we are pleased to welcome him back to our rapidly-growing Greater Seattle practice.”

Stover earned his bachelor’s degree in accounting from the University of Michigan. He is a certified public accountant licensed to practice in Washington, a certified management accountant and a member of the American Institute of Certified Public Accountants.

PNW finalists for Entrepreneur of the Year

EYErnst & Young LLP today announced the finalists for the Ernst & Young Entrepreneur of the Year 2013 Award in the Pacific Northwest. The awards program recognizes high-growth entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities.

The finalists are:

·         Brandon Dawson, Audigy Group, LLC, Vancouver, Washington

·         Craig Bramscher, Brammo, Inc., Ashland, Oregon

·         Jim Weber, Brooks Sports, Inc., Bothell, Washington

·         Gary Fish, Deschutes Brewery, Bend, Oregon

·         Chris Barrow, EagleView Technologies, Bothell, Washington

·         Steve Larson, Eid Passport, Hillsboro, Oregon

·         Sam Blackman, Elemental Technologies, Portland, Oregon

·         Dara Khosrowshahi, Expedia, Inc., Bellevue, Washington

·         Mark Mason, HomeStreet, Inc., Seattle, Washington

·         Greg Pierson, iovation, Portland, Oregon

·         Tom Alberg, Paul Goodrich, Gerald Grinstein, William Ruckelshaus, Madrona Venture Group, Seattle, Washington

·         Kyle Stavig, Myers Container, Portland, Oregon

·         Beau Fessenden, Natural Molecular Testing Corp., Renton, Washington

·         Greg Seibly, Sterling Bank, Spokane, Washington

·         Kurt Dammeier, Sugar Mountain, Seattle, Washington

·         Kevin Klock, TalkingRain, Preston, Washington

·         Darryl Rawlings, Trupanion, Seattle, Washington

·         Spencer Rascoff, Zillow, Inc., Seattle, Washington


The finalists were selected by a panel of independent judges. Award winners will be revealed at a gala event on June 7, 2013, at the Hyatt Regency in Bellevue, Wash.

Collectively, these finalists grew their company’s employment by 39% and their revenues by 44% between 2010 and 2012. Now in its 27th year, the Entrepreneur Of The Year Program has expanded globally to recognize company builders in over 140 cities and in more than 50 countries throughout the world.

Regional award winners go on to compete at the national level. Award winners in several national categories, as well as the National Ernst & Young Entrepreneur Of The Year Overall Award winner, will be announced at the annual awards gala in Palm Springs, California, on November 16, 2013. The awards are the culminating event of the Ernst & Young Strategic Growth Forum®, the nation’s most prestigious gathering of high-growth, market-leading companies.