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MindFireInc has just announced that they have been ranked #152 on the 2008 Inc.500 Index. The index, published annually by Inc. (a monthly magazine for entrepreneurs and small businesses based in NYC) is based on percentage growth in company net sales over a five-year period and only applies to private companies.
To qualify for this exclusive shortlist, companies must have been founded and generating revenue by the first week of the starting calendar year, and therefore able to show four full calendar years of sales. Additionally, they have to be US based, privately held and independent. Revenue in the initial year must have been at least $200,000 and revenue in the most recent year must have been at least $2 million.
The 35-strong team at MindFireInc met this criteria, by achieving an annual revenue of $3.2 million last year, which is a significant improvement from their $202,809 revenue in 2004. It appears that MindFireInc are on a path to success. It will be interesting to monitor the index next year and see how their growth fares in 2009.
Posted on Sunday, 24 August 2008 at 7:53 PM | TrackBack: http://www.veedeepee.com/cgi-bin/mt-tb.cgi/173
Eliot,
Thanks for the kudos!
We too are looking forward to even more growth this year and ahead.
If any other readers are attending the Inc500 conference next month in Washington, I'll see you there!
Take care,
-Dave Rosendahl, MindFireInc
Posted by Dave Rosendahl on Thursday, 28 August 2008 at 4:38 AM