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Karmaloop CEO bags 'Entrepreneur of the Year' award
Jun '12
Ernst & Young LLP announced that Greg Selkoe, CEO and Founder of Karmaloop, the online streetwear giant, received the Ernst & Young Entrepreneur of the Year 2012 Award in the e-commerce category in New England. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Selkoe was selected by an independent panel of judges, and the award was presented at a special gala ceremony on Thursday, June 21, 2012.

"This is very exciting for me and I feel truly honored.  I wouldn't be here today without my staff at Karmaloop! We are working really hard to make Karmaloop the best "Verge Culture" destination in the world for commerce and content. 

“Another really wonderful aspect of this recognition, for me, is that it will help me to build the accelerator program for my new non-profit, Future Boston Alliance. Future Boston is dedicated to supporting entrepreneurship and creativity in Boston, in an effort to retain more young talent and start-ups.  I want to help other entrepreneurs thrive in Boston."

Now in its 26th year, the Ernst & Young Entrepreneur Of The Year Program past winners include such entrepreneurs as Jeff Bezos of Amazon, Michael Dell of Dell Inc., Herb Kelleher of Southwest Airlines, Larry Page and Sergey Brin of Google, Richard Schulze of Best Buy, Andrew Mason of Groupon, Mindy Grossman of HSN, Inc., Reid Hoffman and Jeff Weiner of LinkedIn, and many more.

As a New England regional award winner, Selkoe is now eligible for the National Entrepreneur of the Year 2012 Award. Award winners in several national categories, as well as the National Entrepreneur of the Year Overall Award winner, will be announced at the annual awards gala in Palm Springs, California, on November 17, 2012.

The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation's most prestigious gathering of high-growth, market-leading companies.

Founded and produced by Ernst & Young LLP, the Entrepreneur of the Year Awards are nationally sponsored in the United States by SAP America and the Ewing Marion Kauffman Foundation. In New England, sponsors include Marsh, Nixon Peabody LLP, Citybizlist, Murray Devine, RR Donnelley, Scherzer International

Karmaloop is one of the world's largest and most-respected online retailers of street wear (including footwear, apparel and accessories), offering more than 500 of the hottest men's and women's brands to a loyal customer base spanning 80 countries.

Karmaloop Inc

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