The Bay Area economy 2016 year in review with Jim Wunderman

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The Bay Area economy, to put it simply, has been booming. It has been undergoing a sustained period of growth and economic development. But just how good was it? Jim Wunderman, CEO of The Bay Area Council, joined me to take a look back at the San Francisco Bay Area’s economy for 2016, and also takes a look forward to what might lie ahead for the region in 2017.

Was 2016 the “best of times” for the Bay Area? What were some of the factors that contributed to the current state of the economy? What were some of the biggest challenges the region faced in 2016 and what will be the key drivers and issues going forward? The Bay Area has some of the lowest rates of unemployment in the country but, at the same time, has some of the highest costs of living in the world. Can people afford to live in the Bay Area and, if not, can companies attract and retain the talent needed to maintain its position as one of the leading centers of innovation in the world? Will inflation become a problem for the region in 2017 and how will the Donald Trump administration impact existing and future initiatives and policies? Jim covers all these areas and more in this special extended edition of the Bay Area Council Quarterly Update feature of my show, Bay Area Ventures.

Jim Wunderman Image
Jim Wunderman’s organization, The Bay Area Council, is a public policy organization founded in the 1940’s by a Who’s Who of San Francisco Bay Area business leaders. The Council is focused on making the San Francisco Bay Area and the Silicon Valley the most globally competitive and economically productive region in the world. The Council’s membership is comprised of CEOs from hundreds of the top businesses in the Bay Area and Jim has been its CEO since 2004.

Before the Bay Area Council, Jim had a distinguished career in both the public and private sectors. He served as Chief of Staff to San Francisco Mayor Frank M. Jordan from 1992-95, responsible for overseeing all departmental and budgetary functions, and management of the Mayor’s Office. Earlier he served as Special Assistant to Mayor Dianne Feinstein, from 1983-1987, with his duties including oversight of the city’s utility, the Public Utilities Commission, and the Department of Public Works. From 1988 through 1991, he served as Vice President and General Manager of two major waste collection, disposal and recycling firms in the Bay Area under its parent, Recology, Inc (formerly Norcal Waste Systems). From 1997-2004 he served as Senior Vice President for External Affairs at Providian Financial Corporation. Jim is also a Visiting Professor at the UC Davis Graduate School of Management, teaching a course in Executive Leadership. You can see Jim’s full bio here http://www.bayareacouncil.org/people/jim-wunderman/

This interview was recorded on January 23, 2017, on SiriusXM Channel 111, Business Radio Powered by the Wharton School. Bay Area Ventures airs live on Mondays at 4:00pm Pacific Time, 7:00pm Eastern Time. For a list of upcoming and past guest information, click on the Show link above.

2016 Mergers and Acquisitions Year in Review and 2017 Forecast

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In this special extended addition of the M&A Moment we take a look back at the highlights and final numbers for mergers and acquisitions for the year 2016. We will also take a look ahead at what 2017 might hold in store. Rick Climan of Hogan Lovells, LLP joins me to talk about how 2016 compared to 2015 and discusses some of the biggest deals announced, as well as some of the biggest deals to crater in 2016. Not only does Rick tell us the numbers but he gives us tremendous insights into what’s behind all the strategy, negotiation and legal decisions that led to the results.

Rick Climan
2016 was a stellar year but, was it as strong as 2016? Will 2017 be stronger still? What sectors had the most activity? How did US activity compare to global M&A. Were US companies an attractive target for foreign investment and, if so, what countries were the biggest investors? How will the Donald Trump administration impact US and foreign M&A transactions going forward? Will CFIUS reviews be stepped up and will cyber-crime or information leaks impact any major deals?

 

Rick and I cover all of this and take calls from listeners, as well. It’s a jam packed episode that will be invaluable for your understanding of M&A and your decision making going forward.

This episode was recorded during my Bay Area Ventures show on SiriusXM Channel 111 Business Radio Powered by the Wharton School on January 23, 2017. Be sure to check out my Bay Area Ventures show page here on Spreaker. For more information on Rick Climan you can go to Hogan Lovells, LLP.

Artificial intelligence and deep machine learning are here

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NBC Universal, Hallmark, Facebook and other large enterprise companies are creating new personalized offerings that resonate with customers on a deep emotional level with artificial intelligence and deep machine learning.

They are working with GlimpzIt, a San Francisco based company to host conversations where customers and other audiences can express their opinions and share pictures and videos to illustrate their views. Parry Bedi is the Co-Founder and CEO of GlimpzIt and talks about his company and how they do it in this interview on Bay Area Ventures From SiriusXM Channel 111 Business Radio Powered by the Wharton School recorded November 14, 2016.

Why entrepreneurs must understand the sales function

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My latest podcast of Bay Area Ventures is an interview with Jim Fowler, Founder and CEO of Owler.com. Jim is a serial entrepreneur who launched Jigsaw.com in 2003 and sold it to Salesforce.com in 2010 for $175M.

Jim Fowler - Founder and CEO of Owler

Jim’s leadership skills have evolved over time and build on his experience as a Naval officer, Co-Owner of a ski resort, a VP of Sales and two-time tech entrepreneur.

The Owler team includes several of Jim’s friends and colleagues who have worked with him before which is a testament to his ability to foster and congeal teams. In this interview he shares his experiences in building and running companies, discusses some mistakes he’s made along the way and explains why he thinks the most important skill for an entrepreneur is to fully understand the sales process including how and why customers are going to pay for your company’s products or services.

Jim’s motivation for working and speaking is to help others. He is not drawing a salary from Owler and plans to donate his profits to charity. He is most concerned with setting a good example as a father rather than to sit back and live off of his prior gains.

I guarantee this podcast will be a great use of your time.