Ernst & Young LLP (EY) is a global professional services firm that has been in business since 1849. They provide a variety of services including accounting, auditing, tax, and consulting services. EY works with many high-growth companies and has been involved with companies like Google since they were very small. The presentation discusses how EY helps empower and nurture "gazelle" companies, which are defined as fast-growing companies, through the various services they provide. Specific examples are given of companies that grew substantially with EY's help. Trends in healthcare innovation and some promising areas and companies in the mHealth field are also highlighted.
2. Fast facts about
Ernst & Young LLP
Well-known facts:
âș Been around a while: since 1849
(including predecessors)
âș Global: 150,000+ people in
140+ countries
âș Premiere Big4 accounting firm
Little-known facts:
âș Entrepreneur of the Year for 25 years & Winning Women Entrepreneurs for 4 years
âș Heavily involved with emerging economy entrepreneurs: Endeavor Entrepreneur,
EO/GSEA, EY Fellows Program, other support
âș Google (NASD: GOOG) become a client @ 5 employees, still a client
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3. E&Yâs gazelle preserve
80%
of top-20 IPOs since
âŠand a host of high-caliber, fast- 2007 are E&Y Clients
growing businesses Source: E&Y LLP analysis, November 2011.
Top 20 IPOs in range Jan 1, 2007 â Sep 22, 2011.
âș We empower gazelles for success
âș How?
âș By superserving the client with advisory, tax, audit,
transaction & other services. Try us â weâll surprise you.
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4. Nurturing and empowering
the gazelle: a case study
revenue $35.8bn TTM
$ bn
IPO
$0.35bn $3.2bn
$0.0002bn
Not to scale
time
1999 2002 2004 2011
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5. Tracking gazelles in the wild
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6. How do you find the next
innovative market leaders? (origination 101)
âș If you know the answer, email âș March of the 10,000
JohnD@kpcb.com
5-year aggregate KPIâs
âș Volume, engagement, filters
Raw
âș Volume: Kiss a lot of frogs leads 10,000
âș Engagement: Superserve the
market before theyâre clients,
increase as you filter
Qualified
âș Filters: VC-style criteria leads 1,000
Pursuits 100
âș Apply best practices
Clients 30
10 market leaders
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7. Gazelle hunting: cast a wide net
(even non-clients end up benefiting, plus adding value to clients)
EYecosystem
EY stealth project #1
coming 1Q 2012
EYclient
EY stealth project #2
coming 1Q 2012
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8. Gazelles in healthcare innovation
[a more refined
target]
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9. Spotting the footprintsâŠ
health innovation trend watch
Trends A few specific focus areas
âș Outcomes-based medicine âș Revenue innovations
âș Utilization incentive Outcome incentive
âș Decentralization of POC âș Subscription medicine
âș Consumerization of healthcare
âș Tech: better, faster, cheaper
âș Concierge medicine âș Sujoy Guhaâs 10 minute, $10 vasectomy
âș Desktop gene sequencing
âș Consolidation of providers
âș Business model innovations
âș Making Big Data useful
âș Frequently mHealth-enabled
âș Global connectivity âș Integrated health systems like McKesson
and Essence Healthcare
âș Global viralityâŠnot in a good way
âș Disruptive technologies
âș Disruptive business models
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10. 3 cool /ideas in mHealth
(a âfantasy baseballâ VC portfolio)
Does not represent an official endorsement or investment recommendation by Ernst & Young LLP.
Solely a personal opinion of what David Shrier finds interesting this month.
Caveat Emptor.
Ernst & Young LLP may have financial, business or other relationships with one or more of these companies.
Connecting patients Connecting patients Connecting all
and doctors and payers HCPs
âș Notice a common themeâŠ?
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11. On a personal noteâŠmy big sister also
speaking about mHealth in December
âș Next weekâs national mHealth conference, Washington DC
âș Harvardâs Center on Media and Child Health (CMCH)
www.CMCH.tv
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