Frieden a Finalist for Entrepreneur of the Year
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IRVINE, CA—Auction.com’s CEO Jeff Frieden has been named a finalist for EY’s Entrepreneur of the Year 2014 in the Orange County region. Now in its 28th year, the EY awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities.
Frieden joins a group of finalists selected from nearly 80 nominations. The winners will be announced at a June 4 gala at the St. Regis Resort in Dana Point, CA.
Under Frieden’s leadership, Auction.com has sold $20 billion in real estate assets since 2010 and is now valued at $1.2 billion. A recent $50-million investment by Google Capital is expected to further solidify the company’s leadership in online real estate sales. As GlobeSt.com previously reported, Auction.com president Jake Seid told us, “I think the investment really validates our vision for using the Internet to transact real estate. We focus on making the process more transparent for the buyer, seller and broker. For Google Capital, their mission is to invest in late-stage businesses that are fundamentally transforming large markets, and we were their bet in real estate.”
In addition, as GlobeSt.com also previously reported, a representative from Google Capital joined Auction.com’s board of directors, along with former Oracle CFO Jeff Epstein. Epstein, who will chair the audit committee, is an operating partner at Bessemer Venture Partners and a senior advisor at Oak Hill Capital Partners.
Regarding the EY nomination, Frieden says, “This is truly an honor, and I consider it a testament to our team and its commitment to driving the technology, service and results that have made us a leader in our industry. Auction.com’s vision is to fundamentally change the way people buy and sell real estate, and we believe that our company will play an important role in how real estate sales are transacted in the future.”
Along with co-founder Rob Friedman, Frieden started the company on the belief that bringing buyers and sellers together using an easy, transparent platform yields the true value of any real estate asset. Now with 900 employees, Auction.com has achieved success in the sale of all real estate types, including luxury homes, multi-story class-A office buildings, shopping centers and high-value portfolios throughout the US.
GlobeSt.com was unable to reach Frieden before deadline to discuss the nomination and what being an entrepreneur means to him and his firm.
As a GlobeSt.com thought leader, Auction.com provides expert commentary and analysis around economic drivers impacting commercial real estate. For MORE insights and updates on upcoming online property auctions, click here.
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