Jason Brooks, KCBS Money Watch Host, interviews Doug Regnier, EY’s West Region IPO Leader, on Global IPO Trends. IPO activity continues to climb with 851 IPOs raising $186.6 billion in the first nine months of the year, a 49% increase in volume and 94% increase in proceeds compared to the same period in 2013. After a quiet August, in which some U.S.-bound companies waited in anticipation of the Alibaba listing, the third quarter posted 260 IPOs, raising $67.1 billion, up 29% and 162% respectively on Q3’13.
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From left to right: Rick Haux,Mor Furniture For Less Inc.; Peter Martini and Paul Martini, iboss Network Security; Mike Grey, Lumena Pharmaceuticals; Ted Schroeder, Cadence Pharmaceuticals; Kathleen Sellick, Rady Children’s Hospital; and Sean Gailey, J!NX.
EY announced the winners of the EY Entrepreneur Of The Year™ Award at The Grand Del Mar in San Diego.
The winners are:
Paul Martini, CEO & CTO and Peter Martini, President & COO, iboss Network Security, San Diego
- Consumer Services
Sean Gailey, President & Co-Founder, J!NX, Poway
Mike Grey, President & CEO, Lumena Pharmaceuticals, San Diego
- Life Science
Ted Schroeder, President & CEO, Cadence Pharmaceuticals, San Diego
- Family Business
Rick Haux, President & CEO, Mor Furniture For Less, Inc., San Diego
- Social Responsibility (non-profit)
Kathleen Sellick, President & CEO, Rady Children’s Hospital, San Diego
EY and Los Angeles Mayor Eric Garcetti have partnered to launch the Entrepreneur in Residence Program, appointing two experienced entrepreneurs to spend a year developing ideas to boost the economy and create jobs in Los Angeles, as reported by the Los Angeles Register.
“This program is distinct because of the caliber and level of experience of the entrepreneurs in residence,” said Patrick Niemann, managing partner at EY’s Los Angeles practice, which is sponsoring the program.
EY is a global leader in assurance, tax, transaction and advisory services.
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L.A. hires its first entrepreneur
The finalists for EY’s Entrepreneur of the Year 2014 in the Pacific Northwest as reported by the Puget Sound Business Journal are:
- Majdi Daher and Mohamad Daher, 3MD dba Denali Advanced Integration, Redmond, Washington
- Ryo Kubota, MD, PhD, Acucela, Seattle, Washington
- Joseph Micallef, Allegro Corporation, Portland, Oregon
- Ben Billups, Billups Worldwide, Lake Oswego, Oregon
- Heather Franklin, Blaze Bioscience, Seattle, Washington
- Leslie Freytag, butter LONDON, Seattle, Washington
- Forest Key, buuteeq, Seattle, Washington
- Kathleen Myers, MD, Essia Health, Portland, Oregon
- Josh Neblett, etailz, Spokane, Washington
- Raja Mukerji and Jesse Rothstein, ExtraHop Networks, Seattle, Washington
- Dan Price, Gravity Payments, Seattle, Washington
- Kyle Stavig, Myers Container, Portland, Oregon
- Matt Ehrlichman, Porch, Seattle, Washington
- Luke Kanies, Puppet Labs, Portland, Oregon
- Glenn Kelman, Redfin, Seattle, Washington
- Aaron Easterly, Rover.com, Seattle, Washington
- Mark Zoske, SaltWorks, Inc., Woodinville, Washington
- Monty Montoya, SightLife, Seattle, Washington
- Kevin Klock, TalkingRain, Preston, Washington
- Joe Whinney, Theo Chocolate, Seattle, Washington
- Darrell Cavens, zulily, Seattle, Washington
The awards program recognizes entrepreneurial leaders 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 20 at the Hyatt Regency Bellevue in Bellevue, Wash.
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Which entrepreneur might be partying in Palm Springs?
Rami Rostami, founder and CEO of Technocel Wireless Products in Simi Valley, and Jeff Green, CEO and co-founder of The Trade Desk Inc. in Ventura, are among those hoping to clinch the title of EY Entrepreneur of the Year in the greater Los Angeles region, as reported by the Ventura County Star.
The EY Entrepreneur of the Year was founded by Ernst & Young LLP 28 years ago and awards entrepreneurs who demonstrate excellence and extraordinary success in areas such as innovation, financial performance and personal commitment to their businesses and communities.
Business founders in more than 145 cities and 60 countries are recognized in the contest.
Read the full article below:
Local business founders named semifinalists in regional business contest
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
Los Angeles Mayor Eric Garcetti (center) with EY’s Michael Kacsmar (left) and Joe Muscat (right) at the kickoff event in the Bradley Tower at City Hall
Los Angeles Mayor Eric Garcetti teamed with Ernst & Young partners Patrick Niemann, April Spencer, Brian Ring and Michael Kacsmar today to kick off the LA competition for the 28th Annual EY Entrepreneur of the Year Awards.
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.
U.S. IPO Activity in 2013 on Track for Highest Level in 9 Years
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.