February 28, 2014 | 3-minute read (554 words)
Originally published in PRWeb.
Early Growth Financial Services (EGFS) enters Austin market, providing outsourced financial services to startups, small, and mid-sized businesses.
San Jose, CA (PRWEB) February 28, 2014
Early Growth Financial Services (EGFS), an outsourced financial services firm that provides accounting, CFO, tax, and valuation services to small to mid-sized businesses nationwide, has just announced their expansion into Austin, and active presence at the upcoming SXSW conference (March 7-16, 2014). Having signed their first Austin clients, EGFS is going public with their ongoing efforts to partner with the Austin startup community.
EGFS established operations in Silicon Valley in 2008 to provide much-needed, on-demand financial services to startups—a more efficient and cost-effective solution for early-stage companies in need of financial support. From this foundation, EGFS has expanded throughout the U.S., with 300+ clients representing all stages of the development process. Having a strong base in Silicon Valley has given EGFS a level of knowledge and expertise that makes them a valuable business partner to small companies, whether they need strategic financial guidance, fundraising support, 409a valuations, introductions to VCs, tax support, or just day-to-day accounting.
“Austin is a perfect market for our expanding operations,” says Gadiel Morantes, EGFS Partner and Lead for Austin Operations. “For such a relatively small city, the level of startup activity is phenomenal. The city is already home to some terrific companies and investors. At EGFS, we believe that to build a thriving startup community, you need to have in place those secondary services that can support and feed into the startup ecosystem. That’s where a company like EGFS comes in. We partner with startup communities, to help provide the infrastructure they need to get established and scale.”
Mellie Price, managing director of Capital Factor, an Austin-based coworking space and startup accelerator, has remarked on the “openness and collaboration” that characterizes the Austin startup community. “In a collaborative city like Austin, the more successful companies you have, the more you attract,” says Gadiel Morantes. “This kind of collaboration is our mission at EGFS: to work with entrepreneurs and help them to focus on their core business—and succeed.”
“At EGFS, we’ve been supporting startups and startup communities since 2008. We understand the kind of integrated financial services that small businesses need and are able to provide the kind of just-in-time services that startups require,” says David Ehrenberg, CEO and Principal of EGFS. “With operations in Silicon Valley, San Francisco, Los Angeles, Las Vegas, Colorado, and now Austin, we work to embed ourselves within local startup communities, to understand their ecosystem, and to become trusted partners. You won’t just see us in Austin at SXSW; we’ll be there the other 51 weeks of the year, every year!”
Early Growth Financial Services is an outsourced financial services firm that provides four platforms of financial support to small to mid-sized businesses: transactional accounting, CFO, tax, and valuation services. Headquartered in the Bay Area, EGFS has operations in Silicon Valley, San Francisco, LA, Las Vegas, Colorado, and Austin. Customers include TechShop, OUYA, Formspring, Rocketspace, and OpenERP, as well as over 300 small to mid-sized businesses across the United States. EGFS was ranked #5 in Silicon Valley Business Journal’s Fastest Growing Private Companies for 2013. For more information, visit http://www.earlygrowthfinancialservices.com and follow @EarlyGrowthFS.