LA TechWatch features Milk and Eggs’ e-commerce grocery platform

Based in Los Angeles, Milk and Eggs has partnered with local farms and delivers essential locally sourced groceries at free delivery and membership. The company supports local L.A farms and values eco-friendly streamlined operations, avoiding waste and overage. LA TechWatch recently sat down with CEO Kenneth Wu to talk about the company’s growth and its plans for the future.

“Milk and Eggs fills this gap in the market with locally-sourced products at affordable prices,” said Wu. “To maximize efficiency and customer convenience, Milk and Eggs enables customers to set up reoccurring orders to be delivered at their desired frequency, whether monthly, biweekly or somewhere in between.”

Read the full article: This LA Startup is Bringing Farm to Market To Your Doorstep (LA TechWatch)

August 16th, 2017|Categories: Client News|Tags: , , , , , , |

EY announces its Entrepreneur Of The Year® Award winners for the Greater Los Angeles region

EY has announced its eight winners for the 31st annual Entrepreneur Of The Year Award. The event took place at the Beverly Hilton in Beverly Hills, Calif.

The Entrepreneur Of The Year 2017 Greater Los Angeles Region Award recipients are:

24Hr HomeCare | David Allerby, Co‐Founder and Chief Executive Officer; Ryan Iwamoto, Co‐Founder and Chief Marketing Officer; and Tyner Brenneman‐Slay, Co‐Founder and Chief Operating Officer
Direct Relief | Thomas Tighe, President and Chief Executive Officer
HATCHBEAUTY Products | Tracy Holland, Co‐Founder and Chief Executive Officer
KabaFusion | Dr. Sohail Masood, President and Chief Executive Officer
TaskUs | Bryce Maddock, Co‐Founder and Chief Executive Officer; Jaspar Weir, Co‐Founder and President
TrackR | Chris Herbert, Co‐Founder and Chief Executive Officer; Christian Johan Smith, Co‐Founder and President
Xencor | Bassil Dahiyat, Founder, Chief Executive Officer and President
Yamibuy | Alex Zhou, Founder and Chief Executive Officer

These entrepreneurs now join the ranks of 31 years of winners. As a group, the 2017 Greater Los Angeles Region award winners have made a significant mark on innovation and the economy. Collectively, this year’s award recipients employ more than 14,000 people and earned annual revenues of $1.3 billion.

Read the full announcement: EY Announces Winners of the Entrepreneur Of The Year® 2017 Greater Los Angeles Region Awards

June 16th, 2017|Categories: Client News|Tags: , , , , |

Lowe Institute at Claremont McKenna debuts first Los Angeles Consumer Sentiment Index

The first Lowe Institute Los Angeles Consumer Sentiment Index (“Index”) unveiled today shows a 12 percent decline in the fourth quarter 2016 versus third quarter 2016 results, a period when there was a sharp rise in consumer sentiment.  This is important data as the Index provides guidance on future consumption activity by Los Angeles area residents, key to assessing the overall prospects for the local economy.  Consumption accounts for, on average, 70 percent of all U.S. economic activity and its importance cannot be overstated.

“This is a notable drop in consumer sentiment though it is just for one quarter. If the first quarter 2017 results also drop then we can view this as a downward cycle,” noted Marc Weidenmier, Director, Lowe Institute of Political Economy.  “Right now, businesses should be cautious and take a ‘wait and see’ approach before making major inventory commitments.   For governments relying on sales tax revenue, it’s not time to redraw the budgets but time to pause and consider the potential ramifications if we head into a period of decreased consumption.”

National consumer sentiment has been measured by the University of Michigan since the 1950s and its predictive abilities have led to this sentiment series being included in the government’s index of leading economic indicators.  Los Angeles County has a population of more than 10 million and is the third largest metropolitan economy in the world.  The Institute deemed this a region that could benefit from its own consumer sentiment survey.

“The Index serves as a timely source of information crucial to assessing the pulse of the local economy but also as an example of how localized knowledge can be captured and utilized to improve forecasting and decision making,” said Robert J. Lowe, founder of the Lowe Institute and Chairman of national real estate company, Lowe. . “The fourth quarter results bear out the need for Los Angeles County data as the national consumer sentiment survey showed an uptick during this same period.”

Among the factors that can drive differences from the national survey is Los Angeles’ multicultural and diverse economy that is not reliant on any one industry, its position as a gateway to the Pacific Rim, and other business and economic variables that are distinct to the region.  “Another factor in Los Angeles may be the ‘Trump effect’ as the majority of Los Angeles County is deeply Democratic with policy views that are opposite those of the new administration,” said Weidenmier.  ”The fourth quarter survey was taken in December, after the election when Los Angeles area residents were absorbing the news following the surprising election outcome.”

The decline in Los Angeles consumer sentiment was across all ethnic groups – African American, Asian, Hispanic, Caucasian and other.  The decline was also consistent across most age groups with the exception of senior citizen (65+) respondents. There was a significant uptick with senior citizens and a very small uptick in the 45-54 age category.

The survey also asks for respondent’s employment status and includes full-time and part-time employed, self-employed, homemaker/domestic engineer, students and unemployed.  There was a significant decline in consumer sentiment across all six groups.  There was a slight uptick in consumer sentiment among retirees.

February 7th, 2017|Categories: Client News|Tags: , , , , , , |

TaskUs earns spot on LABJ’s Fastest Growing Private Companies list

TaskUs_Black_Logo

TaskUs, which has significantly increased its revenue and head count over the last year, has been named to the Los Angeles Business Journal’s list of “Fastest Growing Private Companies.” Ranked number 20 on the list, TaskUs is up three spots from last year.

Fastest Growing Private Companies (Los Angeles Business Journal)

November 8th, 2016|Categories: Client News|Tags: , , , , , |