Patrick Niemann, EY managing partner, profiled among leading Valley CPAs

EYIn the San Fernando Valley Business Journal Q&A with Jacquelyn Ryan, Patrick Niemann discusses his 24 years at Ernst & Young serving 40% of the Fortune 1000 companies in the area, career advice and coaching his sons in baseball.

“We are dedicated to delivering high-quality audits and helping our clients meet their complex tax obligations, improve their performance and better manage their capital,” Patrick Niemann says. “One of the many ways we differentiate ourselves is in our service to entrepreneurial companies. EY is the leader in advising, guiding and recognizing entrepreneurial companies in Southern California, on the West Coast, and around the world.”

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SPECIAL REPORT: Heady Growth Strategy Defines Life at Top Firm

EY announces finalists for Entrepreneur Of The Year in Pacific Northwest

FinalistCollage Ernst & Young announced the following finalists for the EY Entrepreneur Of The Year Award in the Pacific Northwest. These business leaders were selected by a panel of independent judges. Award winners will be announced at a special gala on June 5, 2015 at Sheraton Seattle Hotel.

  • Avalara, Inc. | Scott McFarlane, Co-Founder & CEO | Bainbridge Island, WA
  • Avvo | Mark Britton, Founder & CEO | Seattle, WA
  • barre3 | Sadie Lincoln, Founder & Owner | Portland, OR
  • Blink UX | Karen Clark Cole, CEO | Seattle, WA
  • Context Relevant | Stephen Purpura, Founder & CEO | Seattle, WA
  • Dave’s Killer Bread | John Tucker, CEO | Milwaukie, OR
  • DiscoverOrg | Henry Schuck, CEO | Vancouver, WA
  • EagleView Technologies | Chris Barrow, President & CEO | Bothell, WA
  • ExtraHop Networks | Jesse Rothstein, Co-Founder & CEO; Raja Mukerji, Co-Founder & President | Seattle, WA
  • Hydro Flask | Scott Allan, President & CEO | Bend, OR
  • Life Flight Network | Michael Griffiths, CEO | Aurora, OR
  • Limeade | Henry Albrecht, CEO | Bellevue, WA
  • Picmonkey.com | Jonathan Sposato, CEO | Seattle, WA
  • PitchBook | John Gabbert, Founder & CEO | Seattle, WA
  • SET Creative | Sabina Teshler, Owner & CEO | Portland, OR
  • SmartRG | Jeff McInnis, President & CEO | Vancouver, WA
  • Smartsheet | Mark Mader, President & CEO | Bellevue, WA
  • Treehouse | Ryan Carson, Co-Founder & CEO | Portland, OR
  • Trupanion | Darryl Rawlings, CEO | Seattle, WA
  • TUNE | Lucas Brown, Co-Founder & Chief Product Officer; Lee Brown, Co-Founder & Chief Architect | Seattle, WA
  • ZoomCare | Dave Sanders, M.D., Co-Founder & CEO | Hillsboro, OR

Read the full announcement:

EY Announces Finalists for the EY Entrepreneur Of The Year® 2015 in the Pacific Northwest

More about the announcement:

EY announces 21 Pacific Northwest finalists for 2015 Entrepreneur of the Year

Healthcare and business services most popular sectors in Q1

EYVenture capitals invested $15.7 billion in 875 deals in Q1, reports Jason Brooks on KCBS radio’s “Money Watch.” The investments were up from the previous quarter, but the number of deals is the lowest since 2011. The most popular sectors to get funding were healthcare and business services.

“Investors are placing money at companies further along in their development cycle, hoping they will be well positioned for an exit,” said Jeff Grabow, U.S. venture capital leader for Ernst & Young.

Listen to the full interview with Grabow:

KCBS Money Watch

Three Ventura County companies named semifinalists for EY’s Entrepreneur of the Year

EY Shiva Rajagopalan, CEO of Seven Lakes technologies; Melissa Kieling, CEO of PackIt; and Jeff Green, CEO and co-founder of The Trade Desk will represent Ventura County as semifinalists for Ernst & Young’s Entrepreneur of the Year Awards in Los Angeles. Finalists will be announced May 11.

Read more about the Ventura County semifinalists:

Greater Los Angeles regional awards

More articles about VC deals:

More about the Entrepreneur of the Year Award program:
Greater Los Angeles regional awards

Washington state and San Diego both strong in VC funding despite overall decline

EY Nationally, venture capital funding is down in 2015, although investments are up in Washington state where the first quarter was the best one since before the Great Recession. San Diego also posted an investment increase of $100 million year over year.

Jeff Grabow, U.S. venture-capital leader at global accounting and consulting firm Ernst & Young, said in the Seattle Times that Washington has created a good ecosystem of talent, money and advisers through companies having successful initial public offerings, which in turn brings in more venture-capital funding. Seattle cancer-immunotherapy company Juno Therapeutics raised hundreds of millions in 2014 and went public on Dec. 19, 2014, raising $264.5 million.

“It creates an ecosystem of people who have been through it, who like to build things, and they go on and do other things,” Grabow said. “Capital flows to that. … If there is no ability to innovate, there is no need for venture capital.”

Read the full articles:

Rise of late stage VC investment shows in Q1 numbers (San Diego Daily Transcript)

Robust VC funding in state reaches pre-recession levels (Seattle Times)

More articles about VC deals:

Tech companies continue to land mega VC deals (San Jose Mercury News)

San Diego start-ups net more venture capital (San Diego Union Tribune)

EY names regional judges for Entrepreneur Of The Year in Northern California

EY Ernst & Young announced the following judges for the EY Entrepreneur Of The Year Award in the Northern California. The independent judging panel includes previous award winners, leading CEOs, private capital investors and other regional business leaders. The winners will be revealed at a on June 11, 2015, at The Fairmont in San Francisco.

  • Geoffrey Barker, Executive Director & Co-Founder, RPX Corporations, 2012 Award Recipient
  • Joseph Bronson, Principal & CEO, The Bronson Group, LLC
  • Douglas Chu, Head of Western Regions Listings, NYSE
  • Ken Coleman, Special Advisors, Andreesen Horowitz & Chairman, Caama Technologies
  • Chris Harris, Director, Friedman, Fleischer & Lowe, LLC
  • Maha Ibrahim, General Partner, Canaan Partners
  • Lisa Im, CEO, Performant Financial Corporation, 2012 Award Recipient
  • Jon Kossow, General Partner, Norwest Venture Partners
  • Tarkan Maner, Chairman & CEO, Nexenta, 2012 Award Recipient
  • Tod Sacerdoti, CEO & Founder, BrightRoll, Inc., 2013 Award Recipient, 2014 National Award Recipient
  • Scott Tierney, Google Capital Partner, Google Capital
  • Peter Van Deventer, Managing Partner, Integrity Global Management
  • Michael Bartels, VP New Listing & Capital Market, NADAQ

Read the full announcement:

EY announces regional judges for the EY Entrepreneur Of The Year® 2015 Northern California Award

More about the judges:

2015 Judges panel

EY announces Entrepreneur Of The Year semifinalists

EYErnst & Young announced the semifinalists for the EY Entrepreneur Of The Year 2015 Award in the Northern California region which recognizes success in innovation, financial performance, and personal commitment to their businesses and communities.

  • Rob Hull, Founder & Chairman – Adaptive Insights, Palo Alto, CA
  • John Foraker, CEO – Annie’s, Inc., Berkeley, CA
  • Jyoti Bansal, Founder & CEO – AppDynamics, San Francisco, CA
  • Kirk Krappe, CEO & Founder – Apttus, San Mateo, CA
  • Jayshree Ullal, President & CEO, Andy Bechtolsheim, Founder, CDO & Chairman – Arista Networks, Santa Clara, CA
  • Thomas Harman, Founder & CEO – Balsam Brands, Redwood City, CA
  • Richard Norgrove, President & CEO – Bear Republic Brewing Company, Cloverdale, CA
  • René Lacerte, CEO/Founder – Bill.com, Palo Alto, CA
  • Jean-Jacques Bienaime, Chairman & CEO – BioMarin Pharmaceutical, Novato, CA
  • Dylan Smith, Chief Financial Officer – Box, Los Altos, CA
  • Jim Yu, Founder & CEO – BrightEdge, San Mateo, CA
  • Howard Rosenberg, CEO – B-Stock Solutions, Redwood City, CA
  • Tom Kemp, CEO & Co-Founder – Centrify, Santa Clara, CA
  • Al Lieb, CEO & Co-Founder – ClearSlide, San Francisco, CA
  • Rob Bernshteyn, CEO – Coupa, San Mateo, CA
  • Kenneth Lin, CEO & Founder – Credit Karma, San Francisco, CA
  • Billy Bosworth, CEO – DataStax, Santa Clara, CA
  • Michael Fitzsimmons, CEO – Delivery Agent, San Francisco, CA
  • James Schoeneck, President & CEO – Depomed, Inc., Newark, CA
  • Keith Krach, Chairman & CEO – DocuSign, San Francisco, CA
  • Paul Nahi, President & CEO – Enphase Energy, Petaluma, CA
  • John Hahn, Co-Founder & CEO – EPIC Insurance Brokers & Consultants, San Francisco, CA
  • Jeremy Roche, President & CEO – FinancialForce.com, San Francisco, CA
  • Meera Kaul, Managing Partner – Germanium Ventures, Mountain View, CA
  • Shashank Samant, President & CEO – GlobalLogic, San Jose, CA
  • Marcus Ryu, CEO ,President & Co-Founder- Guidewire Software, Inc., Foster City, CA
  • Dr. Kathy Johnson, CEO – Home Care Assistance, Palo Alto , CA
  • Rob Bearden, Chairman & CEO – Hortonworks, Inc., Santa Clara , CA
  • Jahangir Mohammed, CEO & Founder – Jasper, Santa Clara, CA
  • Conor Madigan, President – Kateeva, Menlo Park, CA
  • James Osgood, President & CEO – Klean Kanteen, Chico , CA
  • Fred Hsu, President & CEO– Manage, San Francisco, CA
  • Mary Kariotis, President & CEO – Merrimak Capital Company LLC, Novato, CA
  • Suhail Doshi, CEO – Mixpanel, San Francisco, CA
  • Jason Hartlove, CEO – Nanosys, Inc., Milpitas, CA
  • Gautam Gupta, Co-Founder & CEO – NatureBox, San Carlos, CA
  • Howard Robine, President & CEO – Nektar Therapeutics, San Francisco, CA
  • Dheeraj Pandey, President & CEO – Nutanix, Inc., San Jose, CA
  • Todd McKinnon, Co-Founder & CEO – Okta, San Francisco, CA
  • Eric Stang, Chairman, President & CEO – Ooma, Inc., Palo Alto, CA
  • David Ulevitch, Founder & CEO – OpenDNS, San Francisco, CA
  • Peter Arvai, CEO – Prezi, San Francisco, CA
  • Konrad Feldman, Co-Founder & CEO – Quantcast, San Francisco, CA
  • Lisa Falzone, CEO – Revel Systems, San Francisco, CA
  • Selina Lo, President & CEO – Ruckus Wireless, Sunnyvale, CA
  • Edward Lanphier, President & CEO – Sangamo BioSciences, Inc., Richmond, CA
  • Mark Rabe, CEO – Sojern, San Francisco, CA
  • Rohit Kshetrapal, CEO – Tegile System, Newark, CA
  • Peter Gassner, Founder & CEO – Veeva, Pleasanton, CA
  • Thomas Villante, Chairman/CEO/Co-Founder, Matt Golis, Co-Chairman & Co-Founder – YapStone, Walnut Creek, CA
  • Mark Foley – President & CEO – Zeltiq Aesthetics, Inc., Pleasanton, CA

Read the full announcement:

EY Announces EY Entrepreneur Of The Year® 2015 Award Semifinalists in Northern California 

More about regional program for Northern California:

EY Entrepreneur Of The Year®

EY report: IPOs in a ‘natural pause’ after 2014

EYLast year, 291 companies had public stock offerings in the U.S., and as the IPO market catches its breath following a blockbuster 12 months, fewer companies are launching public stock offerings, reports U-T San Diego’s Mike Freeman.

“I think one of the key drivers of the slowdown in the first quarter was bankers pushed companies to go public in the fourth quarter of 2014 to get out while the market was good,” said Doug Regnier, a partner with Ernst & Young in San Diego, in the article. “So the pipeline was fairly well depleted.
EY’s Global IPO Trends report forecasts 38 companies would raise $5.6 billion in U.S. IPOs when the first quarter ends March 31. That’s down 46 percent from the first quarter last year. The firm called the decline a “natural pause.”

Read the full article:

U.S. IPOs off to a slow start

Listen to KCBS “Money Watch” interview with EY’s Jeff Grabow

KCBS Money Watch

Tom Bernard presents on Affordable Care Act in Portland March 17

EY EY’s Tom Bernard presents on the Affordable Care Act’s tax and financial implications, risk areas and potential penalties at the American Payroll Association’s Portland chapter meeting. Bernard sees the ACA as going beyond a benefits issue to become a business issue that needs to be addressed from multiple perspectives – from HR and employee communications to the board of directors and external auditors.

Learn more:

March 2015 Chapter Meeting