Withum is a top 25 forward-thinking, technology-driven advisory and accounting firm here in Orange County.

The firm is an important part of the Orange County tech startup ecosystem, and a Platinum Sponsor of the OC Startup Council.

Enjoy this exclusive interview with Vince Phorn, Partner at Withum, to learn more about what they do and how their work is helping local founders and startup companies succeed in Orange County:

What are the specialties of your firm? 

Withum’s Technology and Emerging Growth practice has several service verticals and specialties, including advertising/digital media, digital currency, health, e-commerce, financial services, sports and wellness.

Who are the clients you can help the most?

Most of my clients are in financial services, including companies in the payment processing space or banking as a service. I also work with clients that provide machine learning/AI, consumer products (SaaS) and application development services for the public and private sectors.

What's the most common problem you help startup founders with? 

Early-stage companies typically don't need audited financial statements until they secure substantial capital or debt financing.

However, even before reaching this point, they still require assistance with preparing income tax returns, understanding state and local tax exposure and maximizing tax credits, like those for R&D. We frequently encounter startups seeking advice and guidance in these areas.

Why do you enjoy working with startups?

I've had the privilege of hearing about and being part of the journeys of some of my largest clients. Each story is so special, with some sharing similarities and others standing out for their differences. I cherish learning about the sources of my clients' inspiration and the perseverance that drove them through numerous challenges to reach their current stage.

I am committed to connecting founders with the right partners and delivering exceptional client services to support their evolving needs.

How did you get into your current job?

I majored in business with a dual emphasis in accounting and management information systems. When I graduated, the blend of technology and accounting was highly sought after by public accounting firms. This demand led me to begin my career at Withum.

What's your best advice for early stage entrepreneurs?

While seeking capital and fundraising are crucial, it’s never too early to consult with your accountants to ensure you’re prepared to seize upcoming opportunities. Non-compliance with GAAP financial statements or income tax regulations can create significant obstacles in the event of a potential acquisition or major capital raise.

What are some specialties, differentiators, or factors that make your firm good at what it does?

Withum is forward-thinking and aligns well with many of the founders we collaborate with. We leverage technology to enhance the quality of our services and foster a unique culture. These elements are crucial for delivering world-class client services.

Why have you chosen to work in Orange County?

Orange County is a beautiful place to live, offering numerous opportunities for communities and companies to thrive and grow. I feel incredibly fortunate to live and work here.

How big is your firm locally and nationally?

125 + headcount in Orange County and 2400+ total team members

Favorite OC restaurant?

Water Grill.

Favorite place in OC?

Salt Creek Beach.

Favorite food?

Japanese Cuisine.

Favorite song?

Currently listening to the Midnight.

Hobby?

Traveling to Japan yearly and going to Disneyland with my family.

Why did your company join the OC Startup Council?

Withum is relatively new to the West Coast. We aim to expand our practice across major metropolitan areas in California, and since Orange County is a key location for us, partnering with OCSC to connect with the startup community made perfect sense.

Thanks to Vince Phorn for sharing how Withum works with startups here in Orange County.

He can be reached at [email protected] for questions about startup financial strategies and Withum's many services supporting early stage companies.

Thanks again to Withum for their Platinum Sponsorship support of the OC Startup Council and our efforts to accelerate Orange County’s tech ecosystem.

Please contact OCSC Platinum Sponsor Withum to learn more about their services. For Technology and Emerging Growth Services contact Allen Goh, Technology & Emerging Growth Services West Coast Team Leader - [email protected], Matt Greco, Marketing – [email protected], or Brenna Liana, Marketing - [email protected] and learn more at https://www.withum.com/industries/technology-services/ For Life Sciences companies, contact Taryn Bostjancic, Life Sciences Practice Leader - [email protected] and learn more at https://www.withum.com/industries/life-sciences/