While Silicon Valley has historically held the title for tech entrepreneur hub, the LA region is hot on its heels and picking up steam.
(PRWEB) April 04, 2013
Early Growth Financial Services (EGFS), an accounting and financial services firm that specializes in providing outsourced support to early-stage companies, announced today the hires of Katherine Gaffney and Tim Maher as new Chief Financial Officers (CFOs) for the company’s Los Angeles office. Gaffney and Maher will support the burgeoning tech startup community in Los Angeles and Orange County, bringing to the firm their combined years of accounting and finance experience and extensive backgrounds working with early-stage companies.
This announcement comes on the heels of EGFS’s recent Southern California expansion into San Diego. This development further underscores EGFS’s confidence in the exciting companies that are coming out of SoCal. While Silicon Valley has historically held the title for tech entrepreneur hub, the Los Angeles region is hot on its heels and picking up steam. There are three main factors which coalesce to position Southern California as the “new” Silicon Valley -- its entrepreneurial culture, enormous fount of technical knowledge, and huge capital resources. By increasing their number of financial professionals on-site in Southern California, EGFS is demonstrating their commitment to supporting the burgeoning entrepreneur revolution that is happening throughout the Southern California region.
Gaffney comes to EGFS with 13 years of finance experience. Before joining EGFS, Gaffney founded Startup CFOs, a strategy, finance, and operations consulting practice advising tech startups and digital media companies worldwide. Prior to this, Katherine served as Head of Finance & Strategy for Hearst Business Media and Director of Finance for Sony Pictures Digital Entertainment where she developed numerous startups within the digital space including gaming, music, and mobile. She specializes in business model optimization, strategic planning and implementation, P&L management, growth management, valuation modeling, new market development, and talent management.
“I am excited about helping to develop Los Angeles into an entrepreneurial hub,” said Gaffney. “My passion is to create a better future through the use of new technnologies. As a CFO for EGFS, I am looking forward to providing early-stage startups in Southern California with the financial support they need so they can focus on what they do best.”
Maher is a licensed CPA with over 25 years of financial experience serving companies from startup to Fortune 500. He has extensive experience structuring and streamlining accounting procedures and building accounting teams from the ground up. He offers a breadth of knowledge with experience from a wide variety of diverse industries including entertainment, digital, tech, healthcare, and biotech. Maher’s specialities include preparing and filing SEC 10-Q and 10-K, accounting for software development costs, reviewing and analyzing M&A, valuation analysis, compiling financial statements, business planning, creating annual budgets, payroll auditing, forecasting, and fundraising.
“We are so pleased to bring Katherine and Tim on board to support our Southern California expansion. Their extensive experience with early-stage companies reflects the core of who we are at EGFS and their deep knowledge of the entertainment industry is a great complement for our Los Angeles operations,” said David Ehrenberg, CEO of EGFS. “EGFS has proven our expertise in supporting the tech community in Silicon Valley, now with Katherine and Tim on board, we are even more prepared to address the specific needs of the Los Angeles entrepreneurial community.”
Early Growth Financial Services has extensive experience working with companies at all stages of development, providing essential financial services so that companies can keep their internal resources focused on their 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 160 small and mid-sized businesses around the United States. For more information, visit http://www.earlygrowthfinancialservices.com and follow @EarlyGrowthFS