This past year, the Los Angeles finalists and award recipients (many pictured above) were selected by a panel of independent judges and honored at a gala event with over 700 entrepreneurs and business leaders at the Beverly Hilton Hotel in Beverly Hills on Tuesday, June 18, 2013.
EY’s Entrepreneur of the Year Award honors the outstanding entrepreneurial leaders who inspire others with their passion, vision and achievement. Applications are due by Friday, March 14, 2014 at https://eoy-nomination.ey.com.
Anyone can submit a nomination, and it only take a few minutes.
To be eligible to receive an award, the nominee must be an owner or manager of a private or public company who is primarily responsible for the recent performance of the company and an active member of top management for at least two years. In addition, the company must be at least three years old.
Nominees are evaluated by an independent panel of judges. The judges are past winners and business and community leaders. The judges review each nominee based on the following criteria:
Vision: creating or improving a business concept and implementing it effectively
Leadership: demonstrating the focus and strength of character that enable an entrepreneur to move forward — and inspire a team to do the same — despite skeptics and obstacles
Achievement: driving business success by going beyond developing an idea to continual innovation in order to generate new ideas
Social responsibility: knowing that commitment and responsibility aren’t confined to business and leveraging energies and resources to give back to the community
Past award recipients, future nominees, program sponsors, judges and other business leaders joined Mayor Garcetti and EY professionals in the Bradley Tower at City Hall.
“Los Angeles is a city of innovation, and the Entrepreneur Of The Year Program recognizes businesses that develop cutting edge products and services that improve our lives and create much needed jobs both here in our city and across our state and country,” said Mayor Garcetti.
The Entrepreneur Of The Year Program celebrates game-changing leaders around the world who found, strengthen or transform successful enterprises. The regional award recognizes entrepreneurs who stimulate the economy by creating high-growth businesses and jobs in Los Angeles. The 2013 Greater Los Angeles area finalists created over 10,000 jobs, increased their workforce by 20 percent and grew their revenues by 53 percent since 2010.
Each year, EY honors successful entrepreneurs in more than 150 cities in over 60 countries. In the United States, Ernst & Young LLP received more than 1,600 nominations for the 2013 program.
EY estimates 2013 will ring up around 222 U.S. IPOs. As Xconomy reports, that will make 2013 “the best year for IPOs since 2005, when EY counted 224 with total proceeds of nearly $40.5 billion.”
“Investors have had the opportunity to engage with a variety of companies in the pipeline and their appetite for risk has returned,” said Jackie Kelley, an EY partner in Irvine, Calif., who leads the firm’s IPO advisory services in the Americas.
Be sure to read the full article for how EY came up with its estimates, and EY’s outlook for 2014.
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.
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.
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.”
A recent study conducted by Ernst & Young and reported by The Orange County Register shows the 508 nominees competing in the six Entrepreneur Of The Year 2012 programs in the West – California, Utah, Washington and Oregon – grew their companies’ combined revenue by 51 percent, generating $30 billion in combined revenue between 2009 and 2011. This rate of growth was 25 percent higher than that of the average Entrepreneur of the Year nominee nationwide.
“Fifty one percent revenue growth among companies these nominees founded or lead really speaks to their willingness to innovate, which is driving the economy in the West. These entrepreneurs are creating new industries – from social networking to cleantech to gene sequencing – and changing the fabric of existing industries. This is further proof that entrepreneurs are critical to job recovery, especially in the West,” said Joe Muscat, partner and West Strategic Growth Markets Leader at Ernst & Young LLP.
Ernst & Young LLP today announced the finalists for the Entrepreneur Of The Year 2012 Award in the Pacific Northwest. The awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities.
Award winners will be announced at a gala on June 15 at the Hyatt Regency in Bellevue, Wash.
The finalists are:
Chris Ulum, Agilx Corporation, Oregon
Kamyar Moinzadeh, Airbiquity, Washington
Sunny Gupta, Apptio, Washington
Brandon Dawson, Audigy Group, Washington
Amy Tyksen, BendBroadband, Oregon
Craig Bramscher, Brammo, Oregon
Donald Howard, MD, PhD, CellNetix Pathology, Washington