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Entrepreneurial leaders receive Ernst & Young's 2012 Venture Capital Award of Excellence

Square 1 Bank joins Ernst & Young LLP in honoring the 2012 winners including the three entrepreneurial leaders from KAYAK, MedExpress Urgent Care and SKYDEX Technologies Inc.

PALM SPRINGS – Three entrepreneurial leaders from KAYAK, MedExpress Urgent Care and SKYDEX Technologies Inc. received the Ernst & Young Venture Capital Award of Excellence on Saturday, November 17, at Ernst & Young ‘s 2012 Strategic Growth Forum in Palm Springs, CA. Square 1 Bank co-sponsored the awards.

“There is no debating the fact that entrepreneurs are fueling our economic recovery, and venture capitalists do much more than merely provide capital to those entrepreneurs. They mentor them, provide access to valuable networks and offer the wisdom they have gained by investing in numerous enterprises, both successful and unsuccessful,” said Bryan Pearce, Americas Director, Entrepreneur Of The Year® and Venture Capital Advisory Group, Ernst & Young LLP. Clearly, venture capitalists play an outsized role in the American economy. They fund innovation and improve productivity and we’re proud today to recognize companies that have truly benefitted from these important relationships.

The Venture Capital (VC) Award of Excellence winners are selected from those Ernst & Young  Entrepreneur Of The Year regional winners whose companies have been backed by venture capital funding. The recipients were selected on the basis of VC funding, equity and revenue growth, EBITDA (earnings before interest, taxes, depreciation and amortization) margins, and the stories of their founding.  The winners were selected by an independent panel of judges, including: Brad Feld, Co-founder and Managing Director, Foundry Group; Lawrence D. Lenihan, Jr., Founder, CEO and Managing Director, FirstMark Capital; Adele C. Oliva, Partner, Quaker Partners; Jon Sakoda, Partner, NEA; and Deepak Sindwani, Partner, Bain Capital Ventures.

“Square 1 is excited to continue our support of this great event and the Venture Capital Award of Excellence,” said Doug Bowers, President and Chief Executive Officer of Square 1 Bank. “As a bank founded by entrepreneurs, serving entrepreneurs and their investors, Square 1 is committed to the entrepreneurial and venture capital community. We are proud to work with Ernst & Young to recognize innovators and investors in the venture capital space for their contributions, as they support job creation and fuel economic growth.”

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