Early Growth Financial Services Reaches 150 Customers

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Company Poised to Achieve Record-Setting Revenues in 2012

Early Growth Financial Services (EGFS), a company specializing in strategic accounting and financial consulting services, today announced its has reached over 150 customers and is on track to increase revenue over 175% from the same period in 2011. Since the company’s inception in early 2009 it has experienced steady growth, increasing revenue each year by more than 100% and doubling in size by every measurable metric.

EGFS was created to address the need for small businesses and startups to access quality financial and accounting services without being a drain on limited internal resources. The company offers a complete suite of services from high-level financial strategy to day-to-day finance, accounting and administration. Starting with just one employee in 2009, it has grown to a staff of over 30 including 20 accountants and financial professionals, as well as eight chief financial officers.

“Startups and small companies face a huge burden in today’s economy, often having to choose between funneling resources toward creating their goods and services or managing the often complex accounting, tax and financial strategy planning necessary to run a successful business,” said David Ehrenberg, CEO and founder of EGFS . “Our priority at EGFS is to take away the financial administration pain points that can come from business ownership and allow entrepreneurs to focus on what they do best - creating brilliant products and services. We are excited that the market has been so responsive to our business model, and are proud of the growth we’ve experienced in such a short amount of time.”

“At Formspring our focus was on creating a dynamic forum where users could share ideas, and it quickly burgeoned into the fastest growing social network ever,” said Ade Olonoh, CEO of Formspring. “We knew we needed a strong financial department to manage our growth but we were hesitant to spend the time and money it required to bring on an entire team. EGFS has been the perfect fit for our organization, and with their team of experts we’ve been able to successfully manage our financial growth and create smart strategies for our future.”

EGFS is headquartered in the Bay Area, with additional operations in LA, San Diego, Seattle and New York City. It has plans to continue to expand throughout the United States, adding offices in key locations to meet its customers’ needs over the next 12 months.

About EGFS
Early Growth Financial Services has extensive experience working with companies at all stages of development to provide services to keep internal resources focused on the business. EGFS offers a complete suite of services from high-level financial strategy to day-to-day finance, accounting and administration that can easily be outsourced without impacting business operations. Headquartered in the Bay Area, EGFS also has operations in LA, San Diego, Seattle and New York City. Customers include Formspring, Rocketspace, and OpenERP, as well as over 150 small and mid-size businesses around the United States. For more information, visit http://www.earlygrowthfinancialservices.com.

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Natalee Gibson
Early Growth Financial Services
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