VC investments up in Q2 for Seattle and LA, down in San Diego

EYVenture capital investments in Q2 proved strong in Los Angeles with more than $2 billion raised in the first half of the year — nearly as much as LA raised in all of 2014. Seattle startups are doing well too — raising $444.5 million — a 6 percent increase from the second quarter in 2014.

“If you look at the ability of technology to enable a lot of different industries, a lot of capital is coming in because there’s a lot of opportunities emerging,” says Jeff Grabow, U.S. venture capital leader for EY.

“This is the strongest start we’ve had to a year in the last five-plus years,” says Greg Beams, partner at Ernst & Young in Seattle.

San Diego fell this quarter after a great start to the year. The number of deals went up from 16 to 22, however the capital investment dropped by more than half.

“From my perspective, I think sometimes these things ebb and flow, depending on how early-stage these companies are,” says Tim Holl, partner at Ernst & Young. “I don’t think it’s an overall trend.”

Read the full articles:

Bubble Watch: Startup Funding Is Back at 2000 Levels (INC.)

Venture capital investment stays robust across U.S., in Los Angeles (Los Angeles Times)

Venture investment in San Diego plummets in 2Q (San Diego Daily Transcript)

Seattle startups raised $1.1B in first 6 months of 2015 (The Seattle Times)

EY senior manager says LA visitors are seeking lifestyle hotels

EYAs Downtown Los Angeles’s night life and metropolitan areas are gaining popularity, a growing number of customers are seeking hotels with flair and inviting communal spaces, said Sara Lo, senior manager specializing in the hospitality business at Ernst & Young. “The shift now is not toward just renting a room where one is going to sleep, it’s going where there is nightlife,” said Lo.

For many years, downtown hotels served mostly business travelers and conventioneers. With its burgeoning restaurant and entertainment scene, downtown is becoming a destination for people traveling in their leisure time, and those people often prefer distinctive lifestyle hotels, Lo said.

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148-room Proper to join ranks of boutique hotels in downtown L.A. (Los Angeles Times)

EY Entrepreneur of the Year awards: KNX interview with Revolve owners (audio)

This is the sixth in a series of interviews with Frank Mottek of the KNX Business Hour highlighting the EY Entrepreneur of the Year awards in Los Angeles. The recipients were revealed at a black tie awards gala on June 16 at the Beverly Hilton Hotel attended by close to 700 of the region’s elite business leaders and entrepreneurs.

Mike Karanikolas and Michael Mente, Co-Owners & Co-CEOs of REVOLVE talk with Frank Mottek about their entrepreneur journey and their target market in this clip.

EY Entrepreneur of the Year awards: KNX interview with David Allerby (audio)

This is the fifth in a series of interviews with Frank Mottek of the KNX Business Hour highlighting the EY Entrepreneur of the Year awards in Los Angeles. The recipients were revealed at a black tie awards gala on June 16 at the Beverly Hilton Hotel attended by close to 700 of the region’s elite business leaders and entrepreneurs.

David Allerby, Co-Founder & CEO of 24Hr HomeCare, talks with Frank Mottek about team work and disrupting the market with superb customer service.

EY Entrepreneur of the Year awards: KNX interview with Harrison Tang (audio)

This is the fourth in a series of interviews with Frank Mottek of the KNX Business Hour highlighting the EY Entrepreneur of the Year awards in Los Angeles. The recipients were revealed at a black tie awards gala on June 16 at the Beverly Hilton Hotel attended by close to 700 of the region’s elite business leaders and entrepreneurs.

Harrison Tang, CEO and co-founder of Spokeo, talks with Frank Mottek about his entrepreneurship spirit and getting started in the tech world in this clip from the broadcast.

Locket to ward off attackers wins Sanchez EY Youth Entrepreneur Scholarship

EYErnst & Young awarded Crystal Sanchez, 18, with the EY Youth Entrepreneur Scholarship on June 16 at the Beverly Hilton Hotel for her business idea, Guardian Locket — a security device masked as a necklace to help protect women against sexual assault.

Sanchez’s device uses a mobile processing chip similar to those found in cellphones and allows a user to click a button in the back of the locket to activate a fake call to the wearer’s phone to ward off potential predators. Two clicks sends the user’s location to local police and loved ones.

She was selected as the top Regional Youth Entrepreneur out of a pool of 2,000 young entrepreneurs who competed in the EY-sponsored Network for Teaching Entrepreneurship (NFTE) program Regional Challenge in Los Angeles.

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Safety Device Helps Student Secure Future PDF (Los Angeles Business Journal)

Two Indian American executives honored as EY Entrepreneur of the Year Northern California winners

EYJayshree Ullal and Dheeraj Pandey, both Indian Americans, were among the nine honoreees at the EY Entrepreneur of the Year awards for the Northern California region gala held at the Fairmont Hotel in San Francisco June 12, reports Richard Springer of India West.

“The Indian American community was well represented by four finalists in this year’s EY Entrepreneur of the Year awards in Northern California, and two of them became winners,” said Ernie Cortes, program director, EY Entrepreneur of the Year awards program in Northern California. “We congratulate all of the nominees and winners for making this year one of the most competitive EY Entrepreneur of the Year programs we’ve ever had.”

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Two Indian American Execs Win EY Entrepreneur Awards (India West)

EY Entrepreneur of the Year awards: KNX interview with John Kilroy (audio)

This is the third in a series of interviews with Frank Mottek of the KNX Business Hour highlighting the EY Entrepreneur of the Year awards in Los Angeles. The recipients were revealed at a black tie awards gala on June 16 at the Beverly Hilton Hotel attended by close to 700 of the region’s elite business leaders and entrepreneurs.

John Kilroy, Founder, President, CEO and Chairman of Kilroy Realty Corporation speaks about the changing Hollywood skyline and changes along California with Frank Mottek in this clip from the broadcast.

EY Entrepreneur of the Year awards: KNX interview with Chris DeWolfe (audio)

This is the second in a series of interviews with Frank Mottek of the KNX Business Hour highlighting the EY Entrepreneur of the Year awards in Los Angeles. The recipients were revealed at a black tie awards gala on June 16 at the Beverly Hilton Hotel attended by close to 700 of the region’s elite business leaders and entrepreneurs.

Chris DeWolfe, social media pioneer and CEO of SGN talks social media, mobile games trends and the transformation of mobile games into virtual reality with Frank Mottek in this clip from the broadcast.

EY Entrepreneur of the Year awards: KNX interview with April Spencer (audio)

This is the first in a series of interviews with Frank Mottek of the KNX Business Hour highlighting the EY Entrepreneur of the Year awards in Los Angeles. The recipients were revealed at a black tie awards gala on June 16 at the Beverly Hilton Hotel attended by close to 700 of the region’s elite business leaders and entrepreneurs.

April Spencer, partner at EY and co-director of the program in LA, discusses the awards with Frank Mottek in this clip from the broadcast.