Tania Katan to Leave Scottsdale Museum of Contemporary Art

Tania Katan to Leave Scottsdale Gallery of Modern Art

Dec 19, 2014 – 23:37 GMT

Tania Katan is leaving Scottsdale Gallery of Modern Art.
The writer, performer, that time erstwhile bingo hostess has actually been along with the Gallery with concerning 3 years, functioning as its curator of executing crafts to develop events, featuring the mega-strike Lit Lounge, who engaged Valley dwellers in sophisticated means that time constructed an audience that time brand with the museum’s SMoCA Lounge. She …
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Silicon Valley Bank’s deposits grow 55% on tide of venture, IPO boom

Courtesy Photo

Greg Becker, Silicon Valley Bank president and CEO.

Tech companies weren’t the just ones to incentive from 2014’s robust venture funding and IPO launches.

Tech and venture bank Silicon Valley Bank’s deposits totaled $31.47 billion as of Sept. 30, a 55 percent boost from the year before. The California-based bank has actually a presence in Tempe.

“It’s an industry-wide trend,” said D.A. Davidson & Co. analyst Gary Tenner of the bank sector’s deposits growth. “It’s merely that at Silicon Valley Bank, it’s been a little a lot more extreme, which I believe would certainly be a function of the strength of the tech sector.”

The bank focuses on the technology, life sciences, venture capital and private equity sectors. According to the bank, its clients consist of 50 percent of venture-backed companies and 60 percent of VC firms in the U.S.

The bank’s net income for the initial 3 quarters of 2014 was $194.3 million, a 39 percent boost from the exact same time period in 2013.

Besides an boost in venture funding, Silicon Valley Bank President & CEO Greg Becker said growth came from an unprecedented degree of brand-new firm formations that allowed the bank to delivering in a tape-record lot of brand-new clients.

“The capital efficiency of these businesses (means) they don’t necessarily demand as a lot capital to grab started. That’s truly been a crucial driver,” said Becker, who’s been president due to the fact that 2008 and CEO due to the fact that 2011.

Other vital gamers in the tech and venture space consist of Wells Fargo, Comerica and City National Bank.

Tenner and Sandler O’Neill & Partners analyst Aaron Deere said Silicon Valley Bank’s triumph has actually attracted a lot more competition to the space.

“A great deal of bankers might consider it and say ‘They’re various as a result of their tech niche …'” Tenner said. “However I believe (they additionally say) ‘Hey, I believe we can easily grab several of that tech sector too.'”

Bryce Druzin is a reporter at the Silicon Valley firm Journal.

New Scottsdale Nightclub, Livewire, Opens on December 27

Brand-new Scottsdale Nightclub, Livewire, Opens on December 27

Dec 19, 2014 – 23:42 GMT

After darkness falls each weekend break Evening in Scottsdale, the city’s recreation area that time its numerous bars that time club pulsate along with a loud cacophony of beats, thumps, that time the lively thrum of delighted chatter. Come daytime, however, its changed along with a nonstop thrum of pounding, grinding, that time a flurry of beeps from massive tools in motion.
Building is taking position relatively …
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Online mattress retailer opens showroom in downtown Phoenix

Brandon Brown

Tuft and Needle founders, John-Thomas Marino and Daehee Park in the company’s showroom in downtown Phoenix.

Online mattress retailer, Tuft and Needle, opened a showroom in their office in the Warehouse District in downtown Phoenix.

“This is an experiment, which we are fairly confident will certainly be successful.” said Tuft and Needle co-founder John-Thomas Marino. “We are undoubtedly excited regarding going offline.”

Up until this point, Tuft and Needle mattresses were just readily available through their website or on Amazon.com. However now customers can easily notice and feel their mattress prior to ordering it. The showroom is established in the company’s office, which opened two months ago.

Daehee Park, the company’s others co-founder, said the firm will certainly keep on to test and make adjustments to the layout and design of the showroom.

“We can easily give a truly terrific contrast along with the (mattress) store experience.” Park said.

Marino and Park founded the firm in December 2012 after Marino bought a mattress along with his wife shortly after obtaining married. He believed he invested method also considerably and hated the experience he had in the mattress store. Marino and Park researched the mattress industry and came to the conclusion mattress dealers and stores priced their mattresses also high. The 2 of them, that have actually a background in software, believed they could run a much more transparent and consumer friendly company.

“The mattress product itself is not terribly exciting, However exactly how we are assisting customers and solving the problem in this market is truly exciting. There is a great deal of opportunity here,” Park said.

Park said the firm had $1 million in sales in 2013 and is looking at about 10 times that quantity in 2014.

The company’s showroom is open by daily, However is by appointment only. Appointment can easily be earned through the company’s website.

Brandon covers retail, restaurants, hospitality/tourism too aviation, small company and nonprofits.