Opportunity knocking in San Antonio

Douglas MacArthur once reminded us, “Even when opportunity knocks, a man still has to get up off his seat and open the door.” As I consider the look of the business community, growing startup mentality and the enthusiasm for progression in local health care, technology and other industries, I think about what our city is capable of and all the opportunities that are knocking.

In the past year, we’ve watched local investment funds, such as the San Antonio Angel Network launch and the Geekdom Fund continue to grow. Build Sec Foundry, the Cyber Security Incubator was created and is making waves in its progress over the past six months, and the growth does not seem to be slowing. According to the recent 5-Year Economic Impact Study by Geekdom, more than $68.8 million has been raised by local startup companies. There is both incredible brainpower and money to be invested and spent right here in our city.

From a staffing perspective, since I reside in that world, I expect to see the greatest growth in hires and staffing to be industries including cybersecurity, health care and mobile applications. According to the most recent release of the Global Entrepreneur Indicator by Entrepreneurs’ Organization (EO), more than 50 percent of local business owners surveyed anticipate making new full-time hires by the end of Q1. Economic growth is continuing.

The city and our local government have been supportive of making an effort to enhance the technology and IT scene and bring new companies to San Antonio this past year.
What else can we expect in our local economy in 2017? Well, unemployment levels are still — and should remain — at historic lows, and private investments in San Antonio are on the rise. 2017 looks very favorable, and business tax cuts are coming. Now, it is on us — and I put this call out to all local business professionals and entrepreneurs — to keep growth and momentum going to continue to foster a developing San Antonio and cultivate more and more opportunity — to open every door.

Obviously, we must decide which ones to keep open and which to close, but the key is opening them — getting involved. We have to make our mark as business leaders — to create places where people want to work, progress, and be impactful. Get involved — this is a dual role. Be a part of organizations like EO that build and grow you as a leader and help you to inspect every part of your business to support you in continuing to have an economic impact on your city and consumers. And secondly, be a part of activist groups like Tech Bloc, groups that are there to employ change and active progress.

We must invest locally in our growing city — support local businesses, find startups to invest in and be a part of, share new products and services with friends, family and colleagues.
Create more jobs — not just jobs, but meaningful jobs. As we forecast in the staffing industry, employee costs are increasing and more employers are desiring help in attracting top talent. This talent is expressing now more than ever that they are most interested in culture fits, work-life balance, schedule flexibility and high-level impact roles.
Our city is showing great promise, and as we embark on another year, it is on us — on the business community — to open every door. Get involved, be active, make an impact, and provide opportunities to allow others to do the same.

San Antonio needs our drive and dedication. Opportunity knocks, and it’s our job to get up off the chair and answer the door, time and time again.


SA tech community comes out to honor its own at Tech Titans Awards

More than 220 people came out Wednesday evening to celebrate their colleagues’ achievements at the San Antonio Business Journal’s third annual Tech Titans Awards.

The event, which was held at Pearl Stable, recognized 10 people and organizations, highlighted by the Top Tech Exec Award, which went to Rackspace Hosting Inc. CEO Taylor Rhodes and two Special Achievement Awards that were given to University of Texas at San Antonio Professors Glenn Dietrich and Greg White, both pioneers in developing UTSA’s nationally recognized cybersecurity program.


Cybersecurity company in San Antonio raises $3M in capital from investors

Delta Risk LLC, a San Antonio-based cybersecurity company founded by former military veterans, got a boost to help build its midsize business market share after investors pitched in $3 million, according to records on file with the U.S. Securities and Exchange Commission.

The company raised $3 million in debt among six investors, and didn’t specify any minimum investment threshold, records show. It was not in combination with any merger or acquisition activity.

When reached by email, a company spokeswoman said the funds will be used to build its employee base and expand services to mid-market in addition to sales and marketing efforts.

The Chertoff Group, a Washington D.C. advisory firm for security and risk management, has a majority stake in Delta Risk after a major capital influx of $13.8 million was raised through its subsidiary TCG Diamond Holdings LLC in 2015.

David Leach is the president of TCG Diamond Holdings and principal of The Chertoff Group’s private equity operations.

Delta Risk’s headquarters sit along South St. Mary’s Street inside the One Alamo Center in San Antonio.

The company is hiring nearly a dozen employees across all its offices – two employees are expected to be based in the Alamo City. These positions include a cybersecurity business development analyst for federal contracts and a proposal writer for the company, according to its website.

In July, Delta Risk acquired a competitor in the Philadelphia region named Allied InfoSecurity. It is hiring cybersecurity professionals in that market also. At the time, the company had about 90 employees — the new hiring round will likely take the business above 100 workers.

The inspiration for aiming to sell cybersecurity talent to middle market businesses stemmed from experiences with clients who sought out Delta Risk in disaster scenarios. The goal is for more cyber breach prevention, said the company’s CEO.

“There were firms that in some cases had billions of dollars of annual revenue but were very limited in their security staff,” Scott Kaine, CEO for Delta Risk told the San Antonio Business Journal in July. “They would have maybe one part-time security person.”

Among the three co-founders, Chris Fogle remains most closely involved in Delta Risk operations as an executive adviser for the company.