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SAN FRANCISCO BUSINESS TIMES SPECIAL SUPPLEMENT AUGUST 2, 2019 Leaders of three thriving Tri-Valley companies met at the new City Center complex in San Ramon (from left): Scott Walchek, founder and CEO of Trōv; Ben Hindson, co-founder and CSO of 10x Genomics; Burton Goldfield, president and CEO of TriNet. TRI-VALLEY The heart of the matter Darrell Jobe of Vericool 10 Ken Gitlin of Robert Half 13 Derek Maunus of GILLIG 13 Lauren Moone of Mirador 16 SPONSORS: A Sunset Development Project 2 ADVERTISING SUPPLEMENT TRI-VALLEY | THE HEART OF THE MATTER SAN FRANCISCO BUSINESS TIMES A relationship aged to perfection. Proudly celebrating 55 years in the Tri-Valley. Fremont Bank is uniquely positioned as the only independent, locally Proud to offer 5 convenient owned, full-service community bank in the San Francisco Bay Area. From Tri-Valley locations: our 55 years of partnering with our Tri-Valley communities, to offering Danville Branch unprecedented access to local decision makers who understand your Pleasanton Branch goals, Fremont Bank is proud to be the Tri-Valley’s trusted financial Livermore Branch partner. San Ramon Branch Dublin Branch Call or stop by one of our Tri-Valley Branches to experience The Bay Area’s Premier Community Bank for yourself. (800) 359-BANK (2265) | www.fremontbank.com Equal Housing Lender | Member FDIC | NMLS #478471 | LCOM-0277-0719 AUGUST 2, 2019 ADVERTISING SUPPLEMENT 3 Talent, innovation and heart drive success in the Tri-Valley ositioned at the geographic center of the Northern Cal- ifornia Mega-Region, the Tri-Valley innovation hub is lo- P cated at the heart of the region and delivering significant economic benefit. By bringing business, education and civic leaders to the same table, Innovation Tri-Valley Leadership Group (ITV) is creating a powerful dynamic that is having a positive impact on the job growth in the Tri-Valley, helping to sustain a healthy economy and contributing to a vibrant, innovative community. “By showcasing the Tri-Valley’s economic advantages, its qual- Lynn Naylor The Tri-Valley comprises five communities: ity of life and its dynamic ecosystem of innovation, we’re helping CEO, Innovation Danville, Dublin, Livermore, Pleasanton and San Ramon. Tri-Valley industry leaders and entrepreneurs take a sneak peek at all that is Leadership Group happening here, sparking new ideas about what might emerge from this region next,” says Steve Lanza, Chair of Innovation Tri-Valley “Our small region punches far above our Leadership Group. “Being an innovation hub that also offers an weight in terms of economic power.” incredible quality of life has helped to fuel our job growth and eco- nomic strength significantly over the last decade,” The Tri-Valley’s Lynn Naylor, CEO, Innovation Tri-Valley Leadership Group continuing ascendance as a technology and innovation hub has been well documented. Today, the Tri-Valley is a nationally signifi- New initiatives from the national labs are generating techno- cant growth economy, offering employers a highly educated talent logical advancements and business opportunities on an unprece- pool and enviable productivity, while delivering an often dented scale. A growing number of small companies with bold hard to find work-life balance for people who live and ideas and big companies that lead their industry are choos- work in the region. ing the Tri-Valley as their home base. “Our story is about connections and the collabo- A MESSAGE “Our small region punches far above our weight in Steve Lanza rative ecosystem in the region among so many who FROM terms of economic power,” says Naylor. “With an an- INNOVATION Chair, Innovation want to create growth and live a better life while nual output of $42 billion, our history and entrepre- TRI-VALLEY Tri-Valley making the world a better place,” says Lynn Naylor, neurial drive has served us well. We are building on Leadership Group CEO of Innovation Tri-Valley Leadership Group. “It is that strength with bold vision.” the culture of innovation here that creates a hotbed for success, attracting both entrepreneurs and CEOs.” Cover photo by Paolo Vescia 880 AUGUST 2, 2019 ADVERTISING SUPPLEMENT 5 580 Tri-Valley by the numbers 680 101 The Tri-Valley has experienced tremendous economic growth in the past few years. As Lauren Moone, Executive Vice President of Mirador Capital Partners, Danville explains, “Tri-Valley businesses have a unique geographic advantage, combining San Ramon San proximity to the best the Bay Area has to offer in terms of talent, technology and Francisco Oakland Dublin 580 investment capital, with relatively more affordable real estate and a high quality Livermore of life. Additionally, access to a skilled Central Valley workforce is a significant 880 Pleasanton asset to many cutting-edge advanced manufacturing and medical device com- panies located here, and spinoff technologies from two National Laboratories 680 San Jose are considerable attractions for many companies.” 101 Population: $74,295 Median household income: 361,000 Median home price (monthly costs) Population growth: Principal, interest, tax and insurance, by county, Q4 2018 $9,000 +2.2% 8,000 Tri-Valley percent growth 2017-2018 7,000 Higher education Top public schools 6,000 Percent with master’s degree and Of the top 10 in the Bay Area*, seven 5,000 beyond are in the Tri-Valley 4,000 3,000 26% 2,000 1,000 0 70% San San Marin Santa Alameda Napa Sonoma California Francisco Mateo Clara *San Francisco Business Times Bay Area residential rental rates Access to innovation ecosystem Average asking rent, Q4 2018 $4,000 Lawrence Livermore National Lab Sandia National Lab 3,500 6,800 1,428 3,000 Number of employees Number of employees 2,500 $2.1 B $720 M 2,000 Annual budget Annual budget 1,500 1,000 Mirador index of Tri-Valley publically traded companies 500 Percent change 2009-2019 0 City City of San Mateo City of Marin Alameda Contra of San Oakland County San Jose County County Costa 1,400 Francisco County 1,200 Housing costs are 40% less than in San Francisco 1,000 Mirador Index S&P 800 Commercial rent costs All types of commercial space; average yearly rental price per square foot 600 $8 $7.66 400 7 200 6 $5.60 5 0 $4.40 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 4 3 $2.66 Venture capital 2 1 $1.4B 31 $6.9M 0 San Francisco Peninsula San Jose/Silicon Tri-Valley VC investment in Tri-Valley Number of companies 2018 median deal size Valley in the past two years receiving VC funds Source: California Association of Realtors Data courtesy of Mirador Capital Partners and their 2019 research on Tri-Valley investment activity. Full report can be found at miradorcp.com. Additional data provided by Innovation Tri-Valley. The full Tri-Valley Rising Report can be found at innovationtrivalley.com 6 ADVERTISING SUPPLEMENT SAN FRANCISCO BUSINESS TIMES Recognizing Tri-Valley game changers Award highlights local companies disrupting their industries he Tri-Valley region’s companies generate travels around the country,” says Rep. Eric “Our community’s $42 billion in gross domestic output every Swalwell (CA-15). “Our community’s economy, T year across different industries. In recog- its diversity, and its willingness to adapt, economy, its diversity, nition of the region’s achievements in entrepre- disrupt, and improve is having an impact from and its willingness to neurship, the Innovation Tri-Valley Leadership coast to coast, and the #GameChangers are Group established the #GameChangers Awards right at the vanguard.” adapt, disrupt, and in 2015. The awards highlight companies in the This year’s award ceremony also included improve is having an Tri-Valley area and the innovations they’re us- the Founder’s Award, which is given to a “vi- ing to disrupt their respective industries. This sionary organization that has worked to im- impact from coast year Innovation Tri-Valley (ITV) recognized prove the innovation ecosystem of the region to coast, and the nine local companies who have had a signifi- through community engagement and collabo- #GameChangers are cant global impact. ration with other Tri-Valley leaders,” according “The Tri-Valley has been transformed to Innovation Tri-Valley. The Founder’s Award right at the vanguard.” from a sleepy suburbia into a buzzing hive winner this year was Sensiba San Filippo, who Eric Swalwell, U.S. Representative, of innovation – I couldn’t be prouder to sing was honored for their business leadership and our region’s praises in Washington and in my philanthropy in the Tri-Valley region. California District 15 2019 #GameChangers award winners The #GameChangers Awards honored a wide variety of companies in the Tri-Valley for their contributions to the region. From cre- ating meal plans for dogs to developing safer opioids, these companies demonstrate the width and breadth of the business communi- ty in the Tri-Valley. Coast + Range Coast + Range is a unique service in the Tri-Valley, one that pet owners in the region have been taking advantage Coast + Range CEO PHOTOGRAPHY BEETZ HEIDI of since 2017. Founder and David Knoepfle CEO David Knoepfle, a “pet and alumni parent” himself, says that GameChanger HONORING Cathy Koubek, INNOVATIVE he discovered a better COMPANIES way to create and deliver Donor Network West dog food while working in a “pet food mega-corp.” His service is now seeking Elysium Therapeutics Lambda School to disrupt the $32 billion pet food Elysium Therapeutics is taking on the opioid Lambda School was recognized both for its industry by giving customers access to a business, seeking to create drugs that help innovative teaching strategies and its unique personalized diet for their dogs that changes ease the crisis afflicting millions in the U.S.

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