Professional Documents
Culture Documents
CEO Survey
Leaders on wins—
and woes—now
The Power
of the List
10 ways the 5000
boosted
10 businesses
Optimism
THE FASTEST-GROWING
COMPANIES IN AMERICA
AND HOW THEY MADE OUR 2021 LIST
Congratulations to the Inc. 5000
communicators
orchestrators
risk-takers
advocators
motivators
list-makers
innovators
game-changers
cooperators
mediators
navigators
go-getters
creators
negotiators
facilitators
leaders
YOU GO T HE DI STAN C E
F OR YOU R BUS IN E SS.
S O DO W E.
Every business is on a journey. Whether you’re expanding your clientele
or hiring new employees, Dell Technologies Advisors are here to help with
the right tech solutions. So you can stop at nothing for your customers.
Intel and the Intel logo are trademarks of Intel Corporation in the U.S. and/or other countries. Copyright © 2021 Dell Inc. or its subsidiaries. All Rights Reserved. Dell Technologies, Dell, EMC, Dell EMC and other trademarks
are trademarks of Dell Inc. or its subsidiaries. Other trademarks may be trademarks of their respective owners. 557798
CONTENTS SEP TEMBER 2021
150 73
The Inc. 5000
The fastest-growing
Keeping It Clean companies in America.
Working in the male-
dominated janitorial
industry, Carolina 102
A Tall Order
Alvarez saw
companies cut corners Sprucing up water towers
and exploit workers. is a high-level business.
She bet that with her
own firm, J&S
Building Maintenance 126
Coveted Crustaceans
(No. 417 on the 2021
Inc. 5000), she could This family shop ships
compete by doing Maryland crabs to fans.
things differently. It’s
working: J&S grew
1,158 percent in the 129
How They Did It
past three years.
Founders tell their stories.
132 Knock
A scrappy startup found a
winning sense of humor.
134 Shiftsmart
Turning gig workers into
PPP experts.
136 Yensa
Embracing her heritage helped
her business thrive.
138 Trove
His team quit. He pivoted.
140 Wisely
After he hit rock bottom, the
vulnerability was freeing.
142 CurlMix
She turned down a deal—and
then crowdfunded millions.
144 Eon
Better diagnoses with tech.
148 Force of Nature
ON THE COVER
Illustration
An EPA snafu had an upside.
by Eddie Guy
160
Moving Right Along
When sports stars get traded,
they call him.
157
The No. 1
Company
Staffing firm Human Bees
reached a 48,345 percent
growth rate by placing
swarms of workers.
104
Logistics for All
Two students started Stord
(No. 42) with a bold pitch:
a platform connecting
companies to every part
of the supply chain. The
pandemic did the rest.
120
Healing the
System
Eren Bali built Udemy
to fix online education.
With Carbon Health
(No. 2), he’s tackling an
even huger task: fixing
American health care.
130
Marketing
Magic
When their 15-second
anthem for a cosmetics
husbands Geoffrey
Goldberg (near right) and
Evan Horowitz seized the
moment. Their marketing
(No. 78), flourished—to
the tune of $6.7 million
in 2020 revenue.
6 ● I NC . ● SE P T E M B E R 2 0 2 1 ● P H O T O G R A P H B Y A L LY G R E E N
Now employees
do their own payroll.
After all, they’ve earned it.
conference.inc.com
Ohio’s Economic
Development Corporation
HOCKEY STICKS,
PEARS, AND
REALLY BIG PLANS
When I arrived at Inc. in the beginning of I don’t know that it’s made me 5,000 times
2020, I had plans. Big plans. Of course, they more optimistic. But I’m making new plans.
went pear-shaped as the pandemic went And one of them is to be with you here next
hockey stick, and most had to be radically year when we finally, after all this time, trium-
altered, if not scraped altogether. phantly, raise a glass, face to face, to your
I think most of you know what that was like. continued success. Cheers!
In fact, when I think about it today, so many
problems came through the door so fast, I’m not
sure I remember them all, though I definitely still
feel the body aches and emotional pains of being
hit with each of them—sort of as if at some point
there had been a real hockey stick involved. Scott Omelianuk
scotto@inc.com
I know you know what that is like, too.
And, yet, despite all that, here we are, still
standing.
And, more important, here you are, in the How the 2021 Inc. 5000 Companies Were Selected
2021 Inc. 5000 issue! Congratulations! Companies on the 2021 Inc. 5000 are ranked according
to percentage revenue growth from 2017 to 2020. To
Building one of the fastest-growing compa- qualify, companies must have been founded and generat-
nies in America in any year is a remarkable ing revenue by March 31, 2017. They must be U.S.-based,
achievement for you and your team. Building privately held, for-profit, and independent—not subsidiar-
one in the crisis we’ve lived through is just plain ies or divisions of other companies—as of December 31,
2020. (Since then, some on the list may have gone public
amazing. The accomplishment comes with hard or been acquired.) The minimum revenue required for
work, smart pivots, great leadership, and the 2017 is $100,000; the minimum for 2020 is $2 million. As
help of a whole lot of people, and that’s some- always, Inc. reserves the right to decline applicants for
subjective reasons. Growth rates used to determine com-
thing we see throughout this commemorative pany rankings were calculated to three decimal places.
issue of Inc. Even if you aren’t featured in its There was one tie on this year’s Inc. 5000.
pages, I know you’ll recognize yourself in them.
Speaking of recognizing, 2021 is, as I write
this, starting to look a bit too much like 2020. I
think, though, I’ll flinch a little less at the hockey
stick this time. Not because the trouble, the
disruption, and the sickness and even death
caused by anti-vaxxers and political opportun-
ists are any less real, but because I have 5,000
examples of how to not only survive, but thrive
as well. I’ve seen 5,000 ways you solve problems,
push forward, and carve a path for a better
business, a more successful team, a more satis-
BRYAN DERBALLA
HEAD OF PROGRAMMING, CONFERENCES, AND EVENTS TENNILLE M. ROBINSON EVENT COORDINATOR HELEN-ASHLEY GAMBA
CHIEF DATA SCIENTIST ARNOBIO MORELIX SENIOR CONTRIBUTING EDITOR NORM BRODSKY
CONTRIBUTING EDITORS TENESHIA CARR, VALERIE CHIANG, MARK COATNEY, KEITH FERRAZZI, THOMAS GOETZ, CHLOE KRAMMEL, CAREY SMITH, FAWN WEAVER
INTERNS ALICIA DONIGER, CEY’NA SMITH, TERESA XIE
BOARD OF ADVISERS ELIZABETH GORE, CHRIS HEIVLY, PHIL LIBIN, POONEH MOHAJER, DOUG TATUM, AMIR TEHRANI, NOAM WASSERMAN
TIMES
another and found purpose in their missions. In
turn, they found new revenue streams to rebound
and even grow.
This is why the 2021 Inc. 5000 list feels like one
of the most important rosters of companies ever
compiled: These companies grew because they
became elemental to the very fabric of this country
and what makes it amazing. When the world was
shutting down, Inc. 5000 leaders did more than
keep the lights on: They created jobs and gave back
to their communities. They became essential.
During the global pandemic, as business owners
searched for information and insight, we at Inc.
increased our coverage. After all, our mission from
the beginning has been to inspire and guide found-
ers, innovators, influencers, and leaders as they
start, manage, and build the businesses that shape
our future. The Inc. 5000 companies represent the
success that 32 million small businesses endeavor is always a tremendous energy when you bring
to reach, and, as their leaders would probably tell these business builders together. Just imagine what
you, no founder can do it alone. They need partners it will be like when we go live again in 2022.
and advisers to take the journey with them. They At Inc., we are and have always been dedicated
need support, which many of our great marketing to helping business builders start and scale their
partners provide—from financial services to tech- companies, and we remain committed to leveraging
nology to human resources management and even that passion for marketers whose products and
vehicles to support the logistics needed for prod- services support that very growth. This year’s list is
ucts and services. filled with remarkable businesses that grew in a
I want to thank all of our marketing partners, pandemic and are poised for continued success as
especially those that stayed the course in helping we emerge and move forward with renewed pur-
small businesses make it through the pandemic pose. We hope marketers will continue to join us on
and those that continue to support them as they this path to growth, because we are all stronger
get back to growth. We speak to many companies, when we come together. Together, everybody wins.
and they tell us they are most appreciative of the
people and firms that have been there for them
throughout this difficult year.
Now we share their excitement as we begin
the road to a new normal and look forward to
celebrating the fastest-growing private companies
in America at our annual Inc. 5000 Vision Confer-
HALIE CHAVEZ
WHEN LATE JULY co-founder Nicole Bernard Dawes data story—these are the brands that are growing; this
started her second company, Nixie Sparkling Water, is the part that is shrinking.”
PLUS in 2018, she decided to adopt a novel approach toward Dawes’s strategy was simple: a shift to generate more
MAKING IT COUNT her competitors: Ignore them. Instead of trying to prove in-store sales by taking space from the soda brands and
How to make the Nixie was better than myriad other sparkling water using it for what consumers actually wanted—healthier
most of your Inc. brands, the seven-time Inc. 5000 honoree chose to options. And stores drank it right up. By year’s end, Nixie
target the shelf space given to soda. She pulled research expects to be in 6,500 stores nationwide and to garner
5000 status. p. 15 on that category’s decline in sales and presented her more than $10 million in sales. Now that’s what we call
findings to grocery-store buyers: “You have to build a sparkling. —LINDSAY BLAKELY
EDITED BY TIM CRINO (tcrino@inc.com) PHOTOGRAPH BY KELSEY MCCLELLAN ● SEPTEMBER 2021 ● INC. ● 13
Are you an experienced business leader with a
history of success and a story to tell?
RECENT AWARDS:
www.anincoriginal.com
TIP SHEET
feature a list of accolades, starting with the ence, recalls founder and CEO Robert
WHAT?
receive an award, according to past Inc. recruits—and identifying ways to use
5000 honorees, is publicize it like crazy. the award to remove “trust barriers”
And the options for doing that are limitless. for each audience. “Any time you have
Los Angeles-based Brill Media, an adver- an opportunity to build trust with an
tising agency and two-time Inc. 5000 audience, be thoughtful about it,” Hall
Earning a spot on the Inc. 5000 is honoree (No. 155, 2019; No. 370, 2020), says. “It’s not just an ego boost. It’s
proof you’re doing something right. served hyperlocal ads about its ranking to an opportunity to build trust in your
“It just elevated us that one extra attendees at a nearby advertising confer- brand.” —SOPHIE DOWNES
level,” says Glenn Langberg, whose
Clifton, New Jersey-based company,
Seaman’s Beverage and Logistics,
has made the Inc. 5000 three times
and cracked the 500 in 2019 (No.
485). But being ranked doesn’t just
mean joining an exclusive club. It
can also help gain investors’ trust,
build your client roster, attract talent,
and boost morale. Here’s how to
leverage your Inc. 5000 status—or
any recognition—to achieve your next
business goal.
USE AWARDS AS A LAUNCH
PAD FOR FUNDRAISING
Past honorees attest that once you’re on
the list, investors will come to you even
if you don’t seek them out. “As soon as
that issue of Inc. came out, I probably got
a hundred different inquiries via email
from new investors who wanted to get
on the phone and talk to us,” says Rachel
Tipograph, founder and CEO of MikMak,
a New York City-based e-commerce
analytics platform that made the list at
No. 222 in 2019. “Timing your round
with just that moment will create a lot
of momentum for your business.”
Scheduled delivery date and time depend on origin, destination and Post Office™ acceptance time. Some restrictions apply. For additional
information, visit the Postage Calculator at http://postcalc.usps.com. For details on availability, visit usps.com/pickup.
AG A I N S T A WA L L
MY OFFICE
HALFPIPE
WHEN COLBY BAUER
suggested installing a halfpipe
in the Provo, Utah, offices of his
company, Thread (No. 442 on
the 2021 Inc. 5000; No. 104 in
2020), it was not as well received
as, say, Tony Hawk’s first aerial
900. In fact, Bauer’s idea led to
a fight with his co-founder and
wife—who was, he admits, quite
right to be worried about the hit
to their startup’s budget. But
they ultimately agreed to build
the ramp, and Bauer now con-
siders it his secret productivity
hack—and a key to the breakout
success of his wallet and ap-
parel company.
Bauer, who struggles with
anxiety and depression, says the
easy access to an activity that
requires his full attention has
helped him cope with the stress
of being a founder: “I think about
the business all day and night,
and it’s so hard to find release,”
he says. “But with skateboard-
ing, you can’t afford to focus on
anything else—because you’ll
break your arm.” These days,
when Bauer is feeling anxious
or unproductive, he’ll grab
his board and hit the halfpipe
for a few minutes to reset. He’s
usually joined by a few skaters
on staff, and says that the half-
pipe is also a hit with visiting
clients: “It’s a signal to everyone
in the office that you need to
take care of yourself and clear
your mind.” —ANNA MEYER
$119.4 million. Three years on what went wrong with time around.
later, Steinberg left, and InPhonic—and how he’s doing —as told to christine
InPhonic filed for Chapter 11. things differently this time. lagorio-chafkin
THE POWER OF A
Suneera Madhani
and her father,
Ike Rehmetullah.
While you may not be transitioning your business and sharing a new passion with your
granddaughter — your life is just as unique. Backed by sophisticated resources and a team of specialists
in every field, a Raymond James financial advisor can help you plan for the dreams you have,
the way you care for those you love and how you choose to give back. So you can live your life.
E X I T I N T E RV I E W How did being on Shark system to keep growing. It was
Tank affect your the two of us and five others
Selling a company is
complicated. Get advice
from the founders of
companies like Qualtrics,
Bonobos, and Chewy at
inc.com/exit-interview.
SOLUTIONS FOR:
Don’t settle for canned HR.
Get a PEO instead.
A
s the COVID-19 pandemic created one of the most
serious business disruptions in recent memory, many small
and midsize businesses (SMBs) struggled to stay afloat.
An onslaught of new laws, regulations, and programs
compounded the challenges they faced. Five states
(California, Hawaii, Minnesota, New Jersey, and New York) alone
accounted for almost 2,400 new pieces of pandemic-related
legislation affecting businesses.
Every state enacted some new laws pandemic and those that were not.
and programs, and there were PEO clients were 91 percent less
Just 28 percent of dozens more at the federal level. likely to have temporarily closed
“An overload of information and 60 percent less likely to have
all small businesses permanently closed, according
that was frequently changing was
reported growth in one of the most notable HR-related to a September 2020 McBassi &
2020, but it was concerns among small and midsize Company report for the National
69 percent for businesses during the pandemic,” Association of Professional
says Chad Sorenson, president of Employer Organizations (NAPEO).
PEO clients. PEO clients were also 119 percent
HR Florida State Council, the state
-Pat Cleary affiliate for the Society for Human more likely to have received
President and CEO
National Association of Resource Management (SHRM). Paycheck Protection Program (PPP)
Professional Employer Trying to keep employees loans and 72 percent more likely
Organizations (NAPEO) safe while still maintaining a to have received them in the first
functioning business was an round of funding.
overriding concern for SMBs,
which often lack the cash reserves
or access to additional funding
that large companies have. “A
small interruption can have lasting
P at Cleary, NAPEO’s president
and CEO, says growth is
the most compelling metric
repercussions, and this held true demonstrating PEOs’ positive
during the pandemic,” he says. impact on their SMB clients during
the pandemic. “Just 28 percent of all
small businesses reported growth in
PEO clients 2020, but it was 69 percent for PEO
outperformed their peers clients,” he says, citing NAPEO-
commissioned research conducted
There was an eye-popping disparity by Povaddo. “We all wish it hadn’t
in performance between SMBs taken a pandemic, of course, but
that were clients of a professional last year absolutely proved the value
employer organization (PEO) of PEOs to small businesses in the
during the early months of the most dramatic fashion imaginable.”
With the right HR partner,
there’s no limit to what
your business can do
Insperity offers competitive benefit
options for your employees while
helping you with hiring, training,
HR administration and compliance
support. So you can spend more
time growing your business and less
time on HR. With Insperity behind
you, nothing seems impossible.
FULL-SERVICE HR
EMPLOYEE BENEFITS
HR TECHNOLOGY
Presenting Sponsor
I N C . B R A N DV I E W/ H R : P EO
T he pandemic raised
awareness of just how
important it is for SMBs to have
around benefits, and increased
penetration of digital technology
and automation. As society and the
a sophisticated HR function, economy continue to reopen, PEOs
and that is exactly what a PEO can help SMBs deal with these issues
provides. “It sits there, ready to more effectively.
go for whatever challenges arise,” PEOs are evolving from a scale play
says Paul Sarvadi, chairman and enabling SMBs to mirror the cost-
CEO of Insperity. “In the 35 years effectiveness and benefits offerings of
I’ve been in business, I’ve never larger companies to a more expansive
seen such a series of severe HR concept that can provide solutions
Why ADP TotalSource® could be
the best rebound relationship ever
As your small business bounces back, it’s time to look
forward. And a PEO like ADP TotalSource® could be just
what you need to move ahead:
ADP, the ADP Logo, ADP TotalSource and Always Designing for People are trademarks of ADP, Inc. All other marks
belong to their owner. Copyright ©2021 ADP, Inc. All rights reserved.
I N C . B R A N DV I E W/ H R : P EO
Opportunity sprung
from challenge
As challenging as the pandemic has THE PEO INDUSTRY
been for many SMBs, it has also FOOTPRINT IN 2021
created an important opportunity for PEOs deliver comprehensive HR solutions to SMBs by
them to rethink their talent strategy. SURYLGLQJDEURDGDUUD\RIFRVWHHFWLYHVHUYLFHRHULQJV
“Operating in old ways won’t work in and expertise through a co-employment agreement with
a new world,” Carroll stresses. SMBs the client company and its worksite employees (WSEs).
need to find ways to support not just
the physical and financial wellness
Typically, the PEO handles meeting critical challenges. As
of their employees, but also their payroll and withholding awareness of what PEOs have to
mental and social wellness. Among for WSEs and reporting, offer has grown among SMBs,
millennials and younger generations of collection, and deposits of so has the industry itself. It grew
workers, there is a strong expectation employment taxes with local, 7.6 percent annually from 2009
of personalized self-service for HR state, and federal authorities. to 2020 (7 percent higher
services and a hankering for a mobile- Many PEOs also provide than the compounded
first approach. “The labor market was complete HR and benefit annual growth rate in the
already shifting before COVID, and packages, including 401(k) overall economy during the
that shift is accelerating,” she says. plans; health, dental, and same period), according to a
life insurance; dependent May 2021 report by
“PEOs can help SMBs with brilliantly
care; and other benefits not McBassi & Company.
simple solutions to these challenges.”
typically provided by small
businesses.
to which change occurred. It was “We have to help our SMB clients
unprecedented,” she says. figure out how they want their
With many of its clients just employees to engage,” Appleman
fighting to survive, the PEO’s says. “Some will want everyone back
consultants spent “countless onsite, some are fine with remote
hours” counseling clients on work, many will likely adopt a hybrid
employee furlough options to approach. All are okay, but we must
ensure the continuity of employee help them identify and attract the
status and benefits and dealing type of talent that understands their
with the CARES Act and PPP culture and expectations.”
loans, Holder says. She views the
positive client feedback received
throughout the process as an
affirmation that the PEO value
proposition is stronger than ever.
D uring the pandemic, ADP
TotalSource quickly became
adept at using technology to
The likelihood that remote communicate with clients in their
work will remain a part of the favored channels. That meant chat
workforce equation going forward and text capabilities, access to HR
bodes well for PEOs, Holder says. and payroll professionals outside
“Though you often hear how normal business hours, more
nimble small businesses can be, webinars, and a single place where
The biggest difference they can have trouble adapting to clients could access COVID-related
in the challenges changing conditions as quickly tasks and information. Appleman
as businesses with extensive believes SMBs can benefit by
brought on by the resources,” she notes. adopting similarly flexible strategies
COVID pandemic for talent acquisition and retention.
versus those in ‘normal’ “This kind of multichannel
times was the speed
and degree to which R emote work’s challenges
for employers include
performance management,
approach will give SMBs access to
a greater diversity of employees,
especially among the younger
change occurred. It was communication, technology, generations,” she says. “There’s a
unprecedented. security, distractions, and fresh new wave of talent coming in
workplace health and safety. Generation Z, and their expectations
-Anna Leo Holder Helping them meet remote work around mobility and technology
Vice President of Client Services
and Operations challenges is “an opportunity for us are pronounced. Employers must
FrankCrumm to showcase just how much better provide the training and tools
running a business can be when needed to assimilate them into
you have a PEO partner in your the organization with a sense of
corner,” Holder says. belonging or risk the high costs of
churn-and-burn hiring.”
In the months and years to come,
Competition for talent the value that PEOs provide to SMBs
on the rise is only going to increase, Cleary
predicts. “With a new administration
As offices and worksites reopen, in Washington, businesses can expect
businesses will face unique the flow of regulations and programs
challenges around talent to continue or even increase,” he
acquisition, says Kristen Appleman, says. “Word is spreading among the
SVP at ADP TotalSource. Lingering small business community about
fears about health and safety may the tremendous source of help PEOs
make some employees hesitant to have been to their clients throughout
return to a physical workspace. the pandemic. The numbers speak
Others have adopted new lifestyles for themselves, and we believe more
or are pursuing career changes. and more SMBs are listening.”
The HR department you need
at a price within reach
You need an HR department to keep things running smoothly.
But the time and cost to create one can be daunting.
swaythebook.com
AN INC.
ORIGINAL
R I G H T, YO U ’ R E W R O N G k k C A R E Y S M I T H
GROW LIKE
YOU MEAN IT
My company spent a decade-plus on the Inc. 5000. Of course, I’m proud of
that. More important for your company, increasing the top line gives you
better opportunities to focus on the things that matter more than money.
Every day, my colleagues and I meet with MOVING A LOT OF HOT AIR
You’ve no doubt seen a Big Ass Fan. These very
young entrepreneurs seeking funding and large, very slow-moving overhead fans are now
expertise to help grow their businesses. All of everywhere, from arenas to zoos and all kinds of
food-related facilities. One of our tag lines used to
them have one goal in common: to achieve the be that everything you ate for breakfast had spent
kind of success that might one day land them time beneath a Big Ass Fan.
We launched in 1999 with six people, funded
on the Inc. 5000. It’s an honor we’re familiar with the proceeds from the sale of a roof-based fan
with, as the outfit I founded and ran for nearly two business and a lot of credit cards. From the start,
decades, Big Ass Fans, appeared on the Inc. 5000 we knew we had a great product that solved a real
for 11 consecutive years. That’s a feat matched by problem—keeping people (and animals) comfort-
few companies. able in buildings too large for air conditioning. We
Behind that accomplishment was a deter- were convinced that it was only a matter of time
mination to increase revenue and put profits before the world recognized this.
back into the business to expand product lines Our first year, we sold 146 fans. By our fourth
and markets; a firm belief that excessive profits year, the number had jumped to 1,900. I remember
at year-end meant missed opportunities; and a someone asking how large I thought the market
Big Ass Fans founder
steadfast refusal to accept outside investment. might be, and I said, “Maybe 50,000.” Little did I
Carey Smith led And, honestly, after making the list the first time, know. We sold our 100,000th fan in 2013, and every
the fan and light I always wanted to climb higher in the rankings year after that we sold hundreds of thousands.
maker from $0 to the next year. From 2002 to 2008, our revenue increased
its $500 million sale.
He started working at This focus on top-line growth accomplished a around 45 percent annually on average. Then the
age 9 and has never couple of important things: First, it allowed us to recession hit. Sales took a dive, but I was damned
stopped. His “secret” operate the kind of business we wanted, one that if I was going to lay off anybody. So we launched
to success is common
delivered quality products and service and that a new installation service and did a little penny
sense, and he’s happy
to share it. His firm, took good care of its people. And, second, when pinching. Everyone kept their jobs, and we even
Unorthodox Ventures, we decided to sell, we had plenty of suitors. Pri- eked out a tiny profit. As soon as the economy
focuses on finding vate equity firms find nothing more enticing than picked up, we had the people we needed to keep
small companies
with big potential.
a company with lots of potential for cost cutting. growing. The rest of the time I owned the company,
It all worked out fine, but were we to do it sales grew at a minimum 30 percent annual pace.
over again, would we make the same decisions? Constant development of new products and
Maybe not. And while I much prefer to look services played a huge role in that growth. After the
ahead, hindsight (never mind the notion that it’s recession, installation turned into a lucrative divi-
always 20-20) can be an excellent teacher. So sion. Our R&D efforts paid off as we expanded from
it’s useful to reflect on what we might have done simply manufacturing and selling industrial fans
differently. to developing silent, elegant fans for commercial
COURTESY SUBJECT
But, before getting into that, I’ll give a quick spaces. And when we learned about work being
and tidy version of the Big Ass Fans story for any- done by an innovative motor designer in Asia, we
one who might not know it. brought the man and his home ceiling fan into the
HOW TO “GOAT”
IT ALONE
They say it’s lonely at the top. But here’s what they don’t say: Knowing
how to go it alone is the secret to getting you there.
When Athena Technology Acquisition Corp. work best for you, given your strengths.
When I was 19, I left college early and joined
listed on the New York Stock Exchange earlier the Army, intending to serve five years and see
this year, I became the only Black female CEO Europe. I ended up staying for more than two
decades, specializing in cybersecurity issues. I had
of an NYSE-listed SPAC. When I launched strong female mentors along the way, including a
Xtreme Solutions in 2002, I became the only great brigadier general who made everyone feel
a little intimidated. When I had to brief her on
Black woman CEO of a cybersecurity company. something one day, she told me, “Never lose your
Before that, I spent 22 years in the Army, includ- confidence.” That was an aha! moment for me as a
ing three stints at the Pentagon, where I was often leader—it helped me recognize my potential and
the only Black woman in the room when crucial made me want to improve my game even more.
decisions were being made. Later, when I founded my own companies, I
Being “the only” in any situation can be lonely wanted to be the greatest of all time—the GOAT—
for some, but it doesn’t bother me. Some of this in my field. When I assumed leadership of a SPAC,
year’s Inc. 5000 honorees are “the only” in their I wanted to become the GOAT in the SPAC world,
fields, and, as they likely know, it’s a unique posi- too. I set my sights high, because the GOAT always
Phyllis Newhouse
tion with distinct advantages. There have been has a strategy, always looks to see who’s playing
is the co-founder and more than 820 SPAC IPOs since 2009, but Athena better, and always seeks to improve her game. If
CEO of Athena Tech- is the only one with a Black woman as CEO—so you’re aiming to be anything other than the GOAT,
nology Acquisition everybody knows who I am. I embrace the oppor- you’re less likely to be around when decisions that
Corp., a special
purpose acquisition tunity to share a perspective others don’t have. count are being made.
company that recently Several colleagues on Athena’s leadership team There’s one other factor that’s important to
merged with renew- have also achieved notable firsts as “the only” in every player in every game: character. It always
able energy tech
their positions. We want to enable other women to opens doors. I’ve been able to recruit top-notch
firm Heliogen in a
$2 billion IPO. She’s wield real economic power and social impact by talent because my character spoke for me. If
also the founder-CEO investing in, leading, and growing their businesses. there’s ever a moment when you find yourself in
of cybersecurity firm To that effect, something I try to pass on to other a room where others—or maybe even you—are
Xtreme Solutions
and the co-founder of
“Onlys” is that it’s all about the game. questioning how you got in, know that your char-
ShoulderUp, the first People often talk about business and finance in acter went in first and helped earn you a spot at
women-founded and sports terms, because there are so many parallels. the table.
-led influencer fund.
I think of most aspects of life as being about the And if you’ve played the game well enough to
game. And if you understand the game, even as an land a spot as an Only in the room, rather than
Only, you get to play it—but it requires courage, looking at the situation as a lonely one, embrace
strategy, confidence, and understanding. the advantages it gives you and use your position
To gain an understanding of any game, you to pull others into the room with you. Maybe one
have to first be a student of it. Finding qualified day, you’ll look around and see a few of your “first
COURTESY SUBJECT
people who can coach, mentor, and advise you is and only” peers on the Inc. 5000 next to you,
key, as is learning about the rules and common changing the game today so that others will play
plays. You have to identify the strategies that will by your example tomorrow.
Five years after my co-founder and I launched authentic, trusting relationship with the deal spon-
sor or the decision maker. As soon as it looked like
our A.I. marketing firm, Retention Science, we we were engaging seriously with the offer, I flew
made the Inc. 5000 for the first time, in 2018, to Boston to meet our buyer in person. Just sitting
down, having a meal, looking each other in the eye,
and offers began rolling in to purchase our and sharing our initial ideas in person made a huge
business. We weren’t ready to sell—more and difference as issues arose later.
A buyer hires lawyers and auditors to find issues
more brands were turning to us to develop and with the seller’s company, which has the potential
deploy marketing insights from big dives into to end the deal, or at least to impact the deal
their sales data—but it was clear even more offers terms. A few months into negotiations, an auditor
would be coming our way. A few months after flagged a purchase I’d made on eBay several years
we made the Inc. 5000 for a second time, in 2019, before—for used laptops we’d bought for the team—
we started discussing an offer in earnest, from but I couldn’t find the receipt. If there’s no trust
Constant Contact, in January 2020. between teams, a little thing like that can be a
Of course, the world closed down around us deal breaker. But because Constant Contact and
months later as the pandemic raged, complicating I already had a good relationship, the buyer felt
the sale and giving our buyer a temporary case comfortable taking my word on the purchase, and
Jerry Jao is a serial
entrepreneur and, of cold feet. we were able to move on quickly.
most recently, co- At the time, something I heard often from
founder of Retention bankers was that companies aren’t sold, they’re RULE TWO: KNOW YOUR GOOD REASON
Science, an award-
bought. Meaning, when you sell your business, My second rule—and one I wish I had followed
winning marketing
software company there’s little you can control. The acquiring com- more closely: Expect the unexpected and prepare
that uses A.I. to help pany determines the timeline, the price, and the for it by knowing your buyer and their reasons for
some of the world’s terms, and it puts up the legal documents. That’s engaging with you. Do they want your product?
biggest brands engage
with their customers.
all true—however, I’ve since learned there are Your team? You? What does success look like to
In 2018, it was No. 894 rules any seller should observe to encourage a them? A buyer’s interests can change quickly, and
on the Inc. 5000; in positive outcome. then it’s important you know how to keep them
2019, it was No. 697.
In 2020, Retention
engaged. This is more art than science, but it helps
Science was acquired RULE ONE: BUILD A TRUST FUND immensely if you can also build a long-term vision
by Constant Contact. The selling process is ultimately a test of how well of combining your operations.
you and your buyer can work together; you want So, it’s critical for you to gather data about your
to be able to have honest conversations with them buyer, just as they will about you. Listen attentively
every stressful step of the way. I cannot emphasize and ask questions to help you anticipate, or at the
enough the importance of trust. Without it, every very least understand, what they’re thinking at
conversation starts to feel like a negotiation, and every point in this constantly evolving process.
it gets tougher and less enjoyable. It’s not how In my case, our deal was all set to get underway
COURTESY SUBJECT
you want to form a new relationship. when the pandemic started and Constant Contact
So my first rule, and something I believe I actu- pulled out. They offered me no definitive details
ally did well during the sale, is to work to build an about resuming the sale, and I didn’t have a good
46% HIGHER
$363K
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tutoring
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franchise.
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and do not endorse, this program. *Data are based on each company’s Franchise Disclosure Documents (FDD) for all franchise centers open in 2020, except for Sylvan, which are for centers open at least 24 months. We estimate Kumon revenue
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17 445 students from 2010-2014 using the full set of available student data
NO MATTER
HOW FAR
ALONG YOU
THINK YOU
ARE IN THE
SALE PROCESS,
NOTHING IS
reason ready for why they like. As a business owner, you should go into these
EVER FINAL should. As the deal was put conversations with a plan to help your buyer reach
UNTIL THE on pause, I had to lay off 13
people. And I learned that
their strategic goals and show them a clear path to
success. If you can demonstrate, respectfully, that
BUYER’S no matter how far along
you think you are in the sale
you’re already coming up with solutions for them,
it’s an even easier sell.
SIGNATURE IS process, nothing is ever final
until the buyer’s signature
ON THE BOTTOM is on the bottom line and the
RULE THREE: IT TAKES A VILLAGE TO CLOSE A DEAL
To sell a business, you need an accurate valuation
LINE AND THE money is in the bank.
Eventually, I was able to
for it, signed confidentiality agreements, countless
buyer and seller meetings, issue offers and counter-
MONEY IS IN articulate my good reason: I
knew that Constant Contact’s
offers, due diligence, and a legal closing. At mini-
mum, a sale can involve about 20 people.
THE BANK. main competitor had just Which brings me to my third big rule: Do not
acquired a company like underestimate the time and effort required to
ours, which also serviced manage this small army of people.
e-commerce brands. Dollar Unsexy things like scheduling and time man-
Shave Club uses our software. agement—whether the right people on the buyer’s
So do Figs, Draper James, side show up for a call, for example—can make or
Perfect Bars, and other recognizable DTC brands. break your deal.
We offered Constant Contact a big, competitive I sold Retention Science without the help of a
market opportunity, but the clock was ticking: They banker, so I was the contact person for all aspects
had to act quickly. Once I was able to articulate that of the sale. This was on top of still running the
to them, they were on board again by May. company. I would not do that again. If you’re still
Looking back, I wish that I’d had this idea handy running the business while you’re selling it, con-
right away, because time kills deals. I also wish I’d sider hiring a banker or project manager to help
gone a step further and offered my buyer not just make sure nothing gets dropped. In general, don’t
the reason we had to act quickly but also a plan, be afraid to ask for help when you need it.
driven by data, articulating a vision for our shared By the time you’re more than halfway through
e-commerce strategy. your due diligence—at which point the buyer has
Most of us don’t go that extra mile during a sale, hired third-party firms to evaluate your company,
because there are so many things happening. But negotiated financial deal terms, and started dis-
as any real estate agent will tell you, you’re more cussing the integration of your teams—they want to
likely to sell a house if you stage it properly. Busi- close as much as you do. So when the process inevi-
nesses tend to buy other businesses because they’re tably drags on with additional requests from audi-
looking for something they don’t know how to do, tors, lawyers, and anyone else, remember: There will
and they’re looking to start doing it six to 12 months be calm after the storm.
down the road. A well-articulated combined vision However, this is a warning: Don’t get too com-
will excite your buyer, and might even inspire them fortable just because you’re hearing the words
to write a bigger check! “getting close” or “strategic buy.” It’s important
Even if we had created a blueprint that didn’t that you continue to demonstrate the same level
exhibit a complete and accurate understanding of of excitement for captaining the ship.
Jerry Jao, co-founder Constant Contact’s business, it would have shown Treat every call and meeting like a job inter-
of Retention Science,
began charting his own our ability to take initiative and think ahead. view. Stay focused, optimistic, and confident—but
course at a very young Remember, in these early discussions, your not cocky. At the end of the day, a buyer wants to
age—emigrating alone
from Taiwan to the potential buyer doesn’t fully know your business. buy—even in the middle of a global catastrophe.
United States at age 13.
For more on his story, go But no company is purchased without a thorough All you have to do is give them a sound reason to
to inc.com/magazine. blueprint of what the combined company can look keep going.
Tailored
Workspaces
for Forward
Thinkers
foraspace.com
I N C . B R A N DV I E W / T H E A B R A H A M G R O U P
W
Reaching the top hat does it efficiencies, or outperforming similar
mean for your competitors as a trusted advisor and
of your game isn’t company to be thought leader.
easy, but it’s the most preeminent in Today’s success in business depends,
its field? And in great measure, on not only developing
effective path to why should preeminence but in your ability to
sales success. Here’s current and potential clients care? convince prospects of your preeminence
The answers are simple, but reaching in your field. To gain absolute advantage
how to get there. preeminence is not. Being preeminent in the eyes of your target market, you
means being better than everyone else must be seen as the only viable source
in every way. When it comes to business, and solution to fulfi ll their goal, solve
it means being the supplier or provider their problem, or make their opportunity
of choice. Preeminence strategies a reality. Becoming the superior choice
include creating something entirely new, among all others in the category is always
mastering a niche, developing pricing your goal.
I N C . B R A N DV I E W / T H E A B R A H A M G R O U P
I
2 | Selfish vs. Selfless f you are in the business of girl how to groom and care for the pony.
Businesses make the mistake of falling in selling—whether its goods or Finally, he said, at the end of 30 days
love with their product or services, and services—nothing can more he’d drive over to the farmer’s and either
that’s what becomes the emphasis of their potently affect your sales take back the pony and clean up the stall
sales pitch. Instead, they should be falling than mastering the art and or ask, right then, to be paid the $750.
in love with their prospects, wooing them science of Risk Reversal. Which pony do you suppose the
with a sincere desire to enrich, entertain, Risk Reversal is making it hard farmer decided to purchase for his
protect, and bring maximum benefits to for the potential or current client to daughter?
their lives. say “no” by taking as many reasons/ This illuminates the enormous
restrictions off the table as possible. power of risk reversal. It worked for
3 | Show, don’t tell Whatever you sell, to whomever you the sale of a pony and can and will
Your prospects don’t want to hear how sell, there is always some perceived work for most any transaction. Risk
great you are or be charmed merely risk, uncertainty, or apprehension. reversal takes work. To remove risk
by your thought leadership in your The key to closing the deal (and from your prospect’s plate, you have to
field. They want (and demand) tangible building a lasting relationship) is to find understand the perceived risks holding
evidence of what you can do for them. a way of removing those concerns from them back. This requires some serious
Make sure all of your communications their plate and putting them squarely on due diligence and old-fashioned, hard-
clearly present what you can do for them, yours. At the very least, you can strive nosed questioning. Are they considering
what you’ve done for others, and why to mitigate those risks or guarantee a going to a competitor? Is price an issue?
what you do is infinitely better (on their minimum resulting level of outcome/ Are your products/services necessary
behalf) than what your competition does. satisfaction. This process and practice for them to advance their goals?
of reversing risk puts you way ahead of I have performed this kind of risk
4 | Deliver your “mission statement” competitors who fail to do so; it gives reversal analysis with thousands of
Clients and prospects want to do business you advantage. To illustrate this practice, clients. (Yes, I’ve been doing this for a
with someone/something that not only I like to tell the story of the father while). I give my clients “homework”
provides a product or service but are looking to buy a pony for his daughter. designed to get them to ask these
passionate about what they do. You When a man took his daughter to look critical questions, making them do
need to convey a sense of responsibility, at ponies with the intent of purchasing the real work necessary to win their
even a moral imperative, to deliver the one for her, they approached the seller business while laying the foundations
best possible results for those you serve. of a beautiful palomino pony. The first for a long-term, mutually beneficial
Buyers must be left with the feeling that seller said, “$500. Take it or leave it.” relationship. Two of the simplest and
not working with you will be detrimental The father moved along to the second most effective forms of risk reversals
to their lives, their careers, even their seller, who was selling his pony for $750, I’ve found are solid guarantees and
happiness and well-being. a price substantially higher than Seller actual offers of compensation. By
No. 1. But the second man told the farmer taking the price or performance risk
5 | Light a fire he wanted the farmer’s daughter to try out off of their plate, you give them a far
It’s one thing to convince prospects the pony for a month before the farmer stronger reason to do business with you.
they are in need for your solutions, it’s had to make any purchasing decision. Mitigating your prospects’ risks as
another to convince them that they need Beyond that, he offered to bring the pony a practice serves two important goals:
to employ you now! Language must be out to the farmer’s home along with a closing more deals while simultaneously
emphatic and make the powerful case for month’s worth of hay to feed the pony. providing the satisfaction of having
why they should not wait another second He further said he’d send out his own been a trusted supplier or advisor and
to choose your solution. stableman once a week to show the little having served your client well.
I N C . B R A N DV I E W / T H E A B R A H A M G R O U P
O
ver decades of advising I believe with all my heart, though, completely the possibilities to
business leaders, that greatness is programmed into our grow and support the ability and
through thousands DNA, and we just need to figure out a effectiveness of your team?
of engagements, way to unlock our genetic treasure trove. Are you open minded and humble
across hundreds of So why do so many of us fall short? enough to take breakthrough ideas and
industries, it has Most of us don’t really understand concepts from within your organization?
become clear to me that the great that there is a roadmap to greatness. Do you make everyone around you feel
majority of businesses function at well I’ve made a career of helping to map smarter, appreciated, or more capable?
below optimum performance levels. out that escape route with my clients.
Sadly, mediocrity is not only tolerated This is a cooperative journey that Ironically, the more selfless you are
but almost seems to be embraced. demands my client’s introspection, and the more devoted to serving your
But there is a path to greatness, and dedication, and a willingness to put in customers, the more you will be rewarded
I have seen dramatic turnarounds in the work necessary to improve the way financially. They will not only value you,
literally thousands of client businesses they do/see business. The first step is to they will also richly reward you.
over the years. Leaders willing to take this “greatness personal inventory:”
think decidedly differently to change If this advice has captured your
the way they approach business can Ask yourself what does great look like, attention, and you are serious about
improve their fortunes, dramatically especially as it relates to your life, taking the steps necessary to multiply
and quickly. Through a broader “value” business, clients, and goals? your revenue and broaden your
worldview, a genuine desire to be more Develop your self-awareness confidence. customer base, please reach out to Rob
to your clients, and a healthy dose Years of disappointment and Colasanti at RobColasanti@abraham.
of humility, you can effect a massive frustration can have a significant com, or call directly (727) 480-8853 to
transformation of your business. and painful blow to your self- get the ball rolling.
ƒƍƱ)-v$oѲ rѲ
uoC|;u=oul-m1;
u7;uv=-]mb|7;
It’s easier, faster, safer, less costly, and more
results-certain to grow bottom line profits than
top. Plus, you can grow them disproportionately
larger than your current profit levels deliver. He’s the mind behind:
Jay Abraham is the world’s expert in doing it, •
having stimulated an estimated $30 billion of •
newfound, outsized profit increases for companies,
worldwide. He sees windows of opportunity for
generating asymmetrical profit returns - few of •
your competitors even grasp. •
Jay’s work has been a profit catalyst for icons
such as: Icy Hot, Entrepreneur Magazine, Planet •
Fitness, Agoura, Bulletproof Coffee, Tony Robbins, •
Shark Tank’s Daymond John, the late Stephen R. •
Covey, and Keller Williams (to name a few!). His
methods frequently produce the equivalent of •
“preemptive disruptor” - first mover advantage to •
companies in ways (and at speeds) technological •
breakthroughs can’t.
•
He works with clients on the basis of a one-time •
retainer, then he’s only paid on results from •
the direct increased profits his methods deliver
that can be clearly measured. •
•
If you’d like to learn more and explore the
potential bottom line impact Jay could make •
on your business, contact his VP of Strategic scan me
Partnerships: RobColasanti@abraham.com
or scan the QR code to the right.
HE KNOWS HOW
TO MAKE THEM
“T
growing fast, few real estate founders
have more experience than Compass
CEO Robert Reffkin. Over the past
he weeks and the months are fine. It’s the
eight years, he’s built that New York intraday roller coaster.” —Liz Young
City-based company into the largest
independent brokerage in the nation.
In April, Compass went public, raising Learn Everything You Can From Every- Young Talk to me about how your role
$450 million in its IPO. one You Can. In Young, he has a like- evolved. Were there certain phases
Today, when the 42-year-old Reffkin minded mentee who’s eager to learn where you thought you really thrived?
isn’t running the business, one of his and has a vision of growing Realm into Are you the best CEO you’ve ever been
greatest passions is mentoring other a large, publicly traded company—but right now?
entrepreneurs. “You actually get more who first needs to hire an executive
from mentoring than you give,” he says. team and establish her brand’s identity. Reffkin In the early days, I was out there
In 2009, he founded the mentorship renting apartments as a licensed agent
nonprofit America Needs You (formerly Young I’m 18 months into building this and I was doing basically every job. As
New York Needs You), which helps business and it’s an emotional roller time goes on, you hire people to do
ensure that first-generation college coaster. I’m constantly switching from those jobs. You’re always pushing your-
students earn their degree and find one thing to the next. I read that you self out of your last job as the company
employment after graduation. don’t believe in multitasking. How progresses. You have to know what your
A former White House Fellow in do you stay true to that when you’re strengths are and not try to make your
the Department of the Treasury who running a company? weaknesses strengths. Hire people who
later spent six years at Goldman can take care of those weaknesses. It’s
Sachs, Reffkin credits much of his own Reffkin What I try to concentrate on are going to be very hard to build a truly
success to seeking out advisers. Having results, not activities. Results are things world-class company from nothing if
a mentor can be pivotal for help with that drive the financials of the company you’re not doing what you’re best at.
issues like carving out a career path, or drive customer values. What I focus
he says: “It’s one of the fastest ways on most is the customer and really Young We have all this really interesting
to learn where you should go and knowing what they value and how I data, and sometimes a big company will
how to get there.” can deliver that value for them. So the ask to license it. My response is that
Reffkin brought his experience on question is, how can you—throughout our customer is the homeowner, and if
both sides of the mentoring relation- the day—organize the company to give we start focusing on someone else, it
ship to bear in his recently published the customer more and more in as will change everything that we do day
first book, No One Succeeds Alone: scalable a way as possible? to day.
“Y
having a bad week or a tough month. In
my personal experience, the weeks and
ou want to the months are fine. It’s the intraday
overinvest roller coaster. How do you handle that,
both personally and professionally?
in HR, because
your primary Reffkin One of the most important
things as a founder is to maintain your
client is your positive energy. There can be so many
employees. ups and downs in an average day. You
have to be really good at putting the
They can past behind you, being present in the
6 4 ● I NC . ● SE P T E M B E R 2 0 2 1 ● P H O T O G R A P H B Y C A R O LY N F O NG
fact. We had to get the product, the business, and the strategy right. But also the hinges on the company’s performance
human element involved. over the next few years.
We sat down for a six-hour-plus meeting. I was due to give birth in two days. I said to him, “If you can do that
The level of sensitivity was so impressive; every 15 or 20 minutes they were doing with a wireless company, it’d be worth
a health check-in on me: “Are you OK?” Then, when I went into labor, I was on tens of billions of dollars. Why don’t
the delivery table and got news that everything seemed in order. The nurse said, you just come in here and do that with
“Put your phone down. Let’s get going!” I will remember this with so much delight. Mint?” I’m still the CEO of both
It was a lot happening at once, but it was the best experience. My daughter is now companies, but he created all the Mint
2 years old, and the business is thriving in a way that it wasn’t before. I wouldn’t Mobile marketing you see—whether
have done this with any other partner. he’s in it or not. He demands that we
An acquisition is a moment of growth for a founder-CEO. You’re running the have the highest level of customer care
show; you’re calling the shots as the leader of an independent company. Naturally, in the entire wireless industry. We say
you struggle with letting go. You wonder: Are you going to get lost in a larger we have the lowest customer churn of
organization? We went from almost 150 people to a more than 16,000-person anyone in the industry because, as Ryan
company within LinkedIn, which itself is within Microsoft, a more than 175,000- likes to say, “we don’t hate you.” It’s
person company. But rather than shy away from the vastness, harness it. Think not just a celebrity endorsement; he is
about your current sphere of influence, and stay calm. The fear that you are going the owner, and I’d partner with him on
to get lost in an ocean is not necessarily warranted; I was able to stand out in the a business venture if his celebrity
ocean and have a deep sphere of influence. Q brought nothing to the table.
When I’m building a team, tackling
a market, and putting a business plan
together, it’s hypergrowth or bust—
1
nothing budget and had to do it all because after doing that with Ultra
on his own—and it became the Mobile, I know we can do it again. Mint
highest-grossing R-rated movie at had 91,044 percent revenue growth
the time. Then, he did it again with from 2016 through 2020, with annual
Aviation American Gin, which was revenue over $100 million. If it had
almost unheard of when he bought been eligible for last year’s Inc. 5000,
an ownership stake in 2018. Last year, it would have been No. 1. So we don’t
ON THE 2015 INC. 5000
alcohol giant Diageo bought it for say, “Let’s test this and see how it goes.”
up to $610 million; the final sale price Instead, we just say, “Let’s go big.” Q
David Glickman
ULT RA MOBI LE
Ricky Caplin
H CI G RO UP
6
Now, Globalization Partners is
almost entirely virtual, “and we’re not
going back,” she says. A perfectly timed
$150 million investment, which Sahin
raised right before Covid-19 locked
down businesses, helped the company
digitize its operations, including bol-
ON THE 2016 INC. 5000
stering its recruitment team. And it’s
hiring not just for its clients, but for
Nicole Sahin itself—at a clip of 100 to 150 people a
G LOBA L IZ ATIO N PA RT NE RS month. At 500 staffers now, it’s targeted
to employ 1,000 by the end of the year.
With a business that digitally places Not to say that there aren’t chal- lot of gray areas—things that you may
talent all over the world, Nicole Sahin lenges: “Half of our people have never or may not be OK with, but you could
was, perhaps oddly, a stickler for face met each other,” says Sahin, though she probably rationalize,” Caplin says.
time. Her Boston-based global employ- remains bullish that more tech com- “The one lesson I’ve learned is: Always
ment firm had more than 80 offices panies will continue to embrace virtual do what’s right. You might have some
around the world. “I always liked working. “The talent market is so tight. short-term pain for that, but in the
people going into our hubs,” Sahin Everybody wants to hire people every- long term you’re always going to be
says. “That was before the pandemic.” where they can find them.” Q —c.l.-c. better off.” Q —kevin j. ryan
Marlow Hernandez
CA NO H EA LT H
9
Between a global pandemic, wide-
spread social unrest, and devastating
wildfires along the West Coast, the
Pleasanton, California-based energy
“We’re really just getting started. This management consultancy had a stress-
is the next step to take Cano across ful but highly profitable year after
the country.” —Marlow Hernandez, landing on the Inc. 5000 in 2020. It’s
co-founder and CEO of Cano Health, in on the list again at No. 9 this year. And
ON THE 2020 INC. 5000
June, after the Miami-based primary to do that two years in a row requires
care practice went public via SPAC. At more than luck. Founder and CEO
close, Cano was valued at $7 billion. Nooshin Behroyan Nooshin Behroyan says Paxon had no
Hernandez says the infusion of cash from PAXON ENERGY & choice but to excel. “It’s not a forgiving
the deal will be used to build 15 to 20 new IN FR AST RU CT U RE industry,” she says of the energy sector.
facilities this year. Q “If there are mistakes or shortcomings,
there could be fatalities, and because
of that everyone on our staff needed
1
to step up.”
“It’s always challenging when you sell something And sometimes it cost them. Sending
you’ve built. But a critical skill as an entrepreneur engineers to places where protocols
is knowing that looking back and having regret of any around the pandemic varied and many
kind is a waste. It was the right decision at the time were engulfed in protests, Behroyan
FROM LEFT: COURTESY SUBJECT; ANASTASIIA SAPON
with the facts that we had. So you make your choice says, proved difficult. In Atlanta, she
and you keep moving.” —Paul Hurley, whose women’s says, some employees were accosted for
ON THE 2011 INC. 5000 fashion company, Ideeli, topped the list in 2011 and not sheltering in place. “I think in hind-
sold to Groupon for a reported $43 million in 2014. sight,” she says, “everyone really did
Today, Hurley is co-founder and managing partner an amazing job facing this year with the
Paul Hurley of Exacti.us, a growth consulting firm that counts utmost seriousness and highest level
IDE EL I Major League Soccer among its clients. Q of responsibility.” Q —brit morse
9
in 2015, Scopely has turned into a
mobile gaming behemoth, with
1,200-plus employees and offices in
nine cities, including Los Angeles,
London, Dublin, Tokyo, and Shang-
hai. Co-founded by Javier Ferreira ON THE 2019 INC. 5000
(far left) and Walter Driver, the firm
hit $900 million in revenue in 2020,
ON THE 2015 INC. 5000 a year when users played 1.6 billion Loren Rochelle
hours’ worth of its games. That isn’t N OM
Javier Ferreira & to say growth has been easy.
Walter Driver “The nature of building a busi- “As an entrepreneur, you are the
SC OP E LY ness is that most of the time you’ll visionary and the catalyst for inno-
fail to achieve what you want to vation, but your business is nothing
achieve,” says Driver. “And across a without your team. Find the right
series of failures, you’ll make some- people and empower them, take
thing that looks like success. Often the time to understand, show them
the difference between the two is gratitude. Help them grow, and
the time scale you’re measuring on.” your company will do the same.”
Ferreira agrees: “If what you —Loren Rochelle, co-founder of NOM,
were trying to build was easy, it who sold the Los Angeles-based
would already exist. So it’s impor- digital advertising company in 2017
tant to build a culture where failure to then-ad partner MTM for an
is thought of as part of the process undisclosed amount. She continued
instead of as something to avoid.” Q running NOM as CEO until April
—k.j.r. 2020, when she stepped down. Q
4
Integrity Funding co-founder and CEO alpha male. Looking back, I was just a
Greg Roper was told he had Stage IVB giant ego with feet. I was insecure. That
esophageal cancer days before his com- was all stripped away. With cancer, you
pany hit No. 4 on Inc.’s 2012 list. He still don’t get to be the alpha. You don’t get to
leads the financial services firm, but with choose. You don’t get to make the rules.
renewed perspective. —as told to k.j.r. The liberation I felt afterward was
ON THE 2012 INC. 5000 bizarre. Letting go of all of that baggage
I was having radiation five days a week I’d carried around most of my life was
and chemo once or twice a week. You incredibly freeing. Now I’m much more
go sit in a chair and see people way worse
Greg Roper empathetic. Maybe one of my employees
I NT EGRI TY F UN DI NG
off than you. Early on, when you still is facing a challenge. I understand that
have all that ego and lack of empathy, you now in a way I didn’t before.
look around at everybody else and say, I’m still very motivated, but I no
“Oh, my god, I’m glad I’m not that guy— longer believe in sacrificing something
he looks terrible.” And then, throughout more valuable. I know people who
the process, you become that guy. literally devote 20 hours a day, seven
I wouldn’t wish that on anybody. But days a week to their business. I don’t. I
I wouldn’t go back and choose the other devote only as much time as my business
path. It was an extraordinarily uncom- absolutely needs. We’re not nearly as
fortable and extraordinarily rewarding indispensable as we sometimes like to
FROM LEFT: COURTESY SUBJECTS; MICHAEL KINSEY
Everywhere are ld
2021
UNSTOPPABLE
Timing. In the history of startups, nothing does more to divine good or bad fortune than
the moment an entrepreneur touches down in the market on the wings of a new idea.
Nicola Tesla was disastrously premature with his brilliant idea for distributing electricity
via alternating current. A century later, Elon Musk’s Tesla Motors nearly died before the
EV market sparked to life. Last year’s No. 1 Inc. 5000 company, OneTrust—which helps
businesses comply with new consumer privacy laws—showed what kind of magic can hap-
pen when an idea and the need for it glide into the market in total synchronicity. • A rare
event such as Covid-19 only underscores how determinative timing can be. If you carefully
planned the opening of a restaurant, store, hotel, or cycling studio in 2020, you found that
fate was dealing from the bottom of the deck. • Which makes the 2021 Inc. 5000 different
from any other in the list’s history. Today’s fastest-growing privately held American com-
panies proved resilient and flexible during 2020’s unprecedented challenges. Among the
2021
fruitful than others. Computer
hardware firms among the top 500,
for example, showed median
growth of 4,687.8 percent, thanks
in part to changes in how people
worked.
The fates seemed to go all in for
Force of Nature, No. 405 on the list,
maker of an electrolyzed water-
based virus-killing machine that it
developed long before anyone had
heard the word Covid. Likewise,
Aakash Kumar built Shiftsmart,
No. 280, to match gig workers with
the employers that fit them best,
and when the pandemic scrambled
the gig market, Shiftsmart’s match-
making was never more relevant.
As that great baseball philosopher
Branch Rickey put it, luck is the
residue of design.
D
That’s not to say that the 2021 espite the extreme challenges struggle. My role became about offering
Inc. 5000 companies didn’t have to business owners have lived support and resources to keep everyone
make hard choices. They were not through since the world going during a very-high-growth period
immune to layoffs, belt tightening, stopped in 2020, the rallying for the company.”
or the vagaries of an out-of-whack cry attributed to Winston Churchill has In many ways, these founders defined
supply chain. But there’s far more never rung more true for the fastest- the real victories—and heartbreaking
certainty and optimism as we look growing companies in the United States: losses—of the past year by how effectively
toward 2022—even as vaccination They don’t waste a good crisis. So it’s not they could care for their people, and told
hesitancy stymies efforts to fully surprising that when we polled the CEOs us they were more likely to cut executive
reopen, the Delta variant spreads, of the Inc. 5000 this June, as we do every pay or costs in other areas of the business
and Washington gridlock persists year, their second-biggest concern was than they were to lay off employees. And
no matter who’s holding power. continuing to manage fast growth as they while shoring up capabilities like main-
Consumers are sitting on some emerged from the pandemic and recession. taining a supply chain and managing the
$2.5 trillion in excess savings, says Their chief worry? Their people. Man- demands of growth are now top of mind,
Ian Shepherdson, founder and aging the crisis took a steep toll on Inc. one of the biggest weights on their shoul-
chief economist of Pantheon 5000 honorees because, for this group of ders, they said, is knowing their employ-
Macroeconomics. And he esti- entrepreneurs, business is personal—and ees are fighting burnout—and wanting to
mates that at least a third of those it always has been. Thirty-six percent of help them through it. As always, there also
dollars will be converted to spend- these founders cited worry for employ- remains the task of finding the next great
ing as supply chains get unkinked, ees’ livelihoods as one of the biggest employee. Inc. 5000 honorees cited
employment increases, and pent- factors in weighing the decision to start hiring and retaining solid talent as the
up demand gets footloose. “The their businesses in the first place. “There biggest obstacle for their businesses going
recovery,” he says, “is unstoppable.” were a lot of tears,” says Jennifer Rotner, forward. As one survey respondent put
Having thrived in last year’s founder of Baltimore-based content and it: “I would have said ‘finding great talent’
social, economic, and political publishing services company Elite Crea- three times if you’d allowed that option.”
calamity, “unstoppable” might also tive (No. 2,127), which has a majority- Here’s what else is on the minds of
describe the companies of the 2021 women staff. “There was a lot of pressure the leaders running the fastest-growing
Inc. 5000. As long as they continue put on my employees when schools companies in the country.
to nail their timing. —Bill Saporito closed, and every day was an emotional —Lindsay Blakely
EXIT PLANS
7% want to IPO.
64% want to sell.
12% want to pass their
companies to family.
17% haven’t yet thought
about an exit strategy.
Cancer clinical trials may be the right option for you or a loved one. The more information you
have about clinical trials, the more empowered you will be to seek out your best treatments.
Stand Up To Cancer is a division of the Entertainment Industry Foundation (EIF), a 501(c)(3) charitable organization.
THE COMPETITORS
The first 500 of this year’s
Inc. 5000, by industry.
For the full list, go to
inc.com/inc5000/2021
105 3,828.4% 24
ADVERTISING JUICE 2017 NEW YORK CITY
LEADERSHIP: Michael Lisovetsky, Troy Osinoff,
+ MARKETING
Public relations firms, marketing companies, ad agencies, and companies
thinkjuice.com
Leverages entrepreneurial experience to help busi-
nesses grow their brands through digital marketing.
that are involved with web-based promotions, inducing people to click on
ads, and keeping track of those who do. HIGHDIVE 2016 CHICAGO 118 3,513.6% 35
LEADERSHIP: ChadBroude, Megan Lally, highdiveus.com
Number of companies 31 • Total 2020 revenue $349.3m • Median 2020 revenue $5.9m • Produces creative content for high-profile clients.
Median 3-year growth rate 1,893% • Total 2020 employment 1,157
• DIGITAL THRIVE 2012 AUSTIN 121 3,384.8% 11
LEADERSHIP: Jennifer
Mansfield, digthrive.com
Enables real-time programmatic bidding for
Medicare, health, auto, and life insurance markets.
OLYMPIC MEDIA 2017 ARLINGTON, VA. 13 20,329.9% 26 • PROPELLANT MEDIA 2015 ATLANTA 143 2,906.2% 16
LEADERSHIP: Ryan Coyne, olympicmedia.com LEADERSHIP: Justin
Croxton, propellant.media
Specializes in digital copywriting, advertising, and Offers solutions that increase sales in the digital,
marketing automation. search, and mobile-first world.
NP DIGITAL 2017 SAN DIEGO 21 13,259.4% 330 ALL CONTRACTOR MARKETING 160 2,596.5% 18
LEADERSHIP: Michael Gullaksen, npdigital.com 2006 MARIETTA, GA.
Gives brands the speed and efficiency they need to LEADERSHIP: Michele Smith,
allcontractormarketing.com
pivot as fast as the digital marketplace. Offers business growth and marketing consulting for
the HVAC industry.
POMERENKE HOLDINGS 73 5,164% 5
2010 ARLINGTON, TEXAS MATTIO COMMUNICATIONS 190 2,243.6% 33
LEADERSHIP: Joey
Pomerenke, dallasmotorclub.com 2017 NEW YORK CITY
Helps car owners market and sell specialty vehicles LEADERSHIP: Rosie Mattio, mattio.com
for maximum profit. Helps cannabis producers normalize perceptions and
remove the stigma surrounding their products.
MOVERS+SHAKERS 78 4,801.7% 24
2016 SANTA MONICA, CALIF. MUDSHARE 2014 GALLOWAY, N.J. 213 2,055.7% 9
LEADERSHIP: Evan Horowitz, moversshakers.co LEADERSHIP: Jeff
Yowell, mudshare.com
Creates joyful digital disruption that connects brands Offers peer-to-peer technology solutions that drive
to culture and drives emotional engagement. consumer engagement.
ADOUTREACH 2016 AUSTIN 87 4,514.9% 16 SOLARLEADFACTORY 2016 LAS VEGAS 223 1,966% 7
LEADERSHIP: Aleric
Heck, adoutreach.com LEADERSHIP: ClaytonCornell, solarleadfactory.com
Helps businesses use YouTube ads to drive growth Connects solar installers with homeowners who are
and generate more leads and sales. looking to buy solar panels.
STAMPEDE AMERICA 2013 KEY LARGO, FLA. 88 4,504.6% 12 THE STABLE 2015 MINNEAPOLIS 229 1,909.3% 175
LEADERSHIP: Chris
Turner, stampedeconsulting.com LEADERSHIP: Chad
Hetherington, thestable.com
Offers customers access to elite-level staffing for Links brands with their consumers across all channels
outside sales and market research projects. of commerce.
$ F O R M O R E E X C LU S I V E I NC . 5 0 0 0 C O M PA N Y DATA , V I S I T DATA . I NC .C O M
RANK THREE-YEAR REVENUE GROWTH NUMBER OF EMPLOYEES •The number of red dots indicates how many times a company has been a past Inc. 5000 honoree.
78 ● INC. ● SEPTEMBER 2021 ●
• ESQUIRE MEDIA 2012 DURHAM, N.C. 462 1,038.5% 17
LEADERSHIP: Eric
Grindley, esquireadvertising.com
Pinpoints in-market consumers using proprietary
mobile and smart device-matching technology.
BUSINESS PRODUCTS
CREATIVITY JUSTIFIED 2016 SLIDELL, LA. 235 1,893% 5
+ SERVICES
Companies that sell primarily to other businesses.
LEADERSHIP: Carrita
Tanner, creativityjustified.com
Offers planning, brand refinement, and software Number of companies 39 • Total 2020 revenue $573.6m • Median 2020 revenue $10.8m •
development for minority-owned small businesses. Median 3-year growth rate 2,576% • Total 2020 employment 2,174
FRANCHISE FASTLANE 2017 OMAHA 182 2,304.2% 31 •• ELEMENT 78 PARTNERS 385 1,249% 51
LEADERSHIP: Ryan Zink, franchisefastlane.com 2015 OAK BROOK, ILL.
Sells a turnkey franchise sales organization focused Valerie Liosatos, John Signa,
LEADERSHIP:
on driving explosive growth. e78partners.com
Works with private equity groups and their
183 2,301.2% 163 companies on financial and operational challenges.
OPENEXCHANGE 2009 LINCOLN, MASS.
LEADERSHIP: MarkLoehr, openexc.com
CALLFORCE 2016 LEHI, UTAH 395 1,228.3% 151
Offers video-based communication solutions for the
LEADERSHIP: Cory
Pinegar, getcallforce.com
financial services and investment industries.
Provides smart communication services for dental
189 2,246.3% 10 practices throughout the United States.
HANGER ONE MULTI FAMILY 2012 ATLANTA
LEADERSHIP: Veronica Christiano,
LAB ALLEY 2013 AUSTIN 396 1,215.8% 12
hangeronesafetyproducts.com
LEADERSHIP: Fred Elabed, Holly Elabed, laballey.com
Specializes in full-service multifamily home
renovations and turnkey services. Retails high-purity lab chemicals and supplies
directly to labs via an online store.
WINDSOR GROUP 2014 CHEVY CHASE, MD. 191 2,225.3% 22
GREEN RUSH PACKAGING 413 1,175.8% 30
LEADERSHIP: Diedre
Windsor, windsorgroup-llc.com
Provides professional services and business solutions 2017 BREA, CALIF.
LEADERSHIP: Justin Tidwell, greenrushpackaging.com
to government and commercial businesses.
Develops and distributes proprietary packaging
• KAREN COFFEY COACHING 200 2,180.7% 16 solutions for the legal cannabis industry.
2015 SEVIERVILLE, TENN.
THE PIPELINE GROUP 2017 SAN JOSE, CALIF. 415 1,164.5% 46
LEADERSHIP: Karen Coffey, Ava Markatos,
LEADERSHIP: KenJisser, thepipelinegroup.io
karencoffey.com
Coaches women in business by drawing on Coffey’s Helps businesses develop more consistent and
experience transforming her own life. predictable sales pipelines.
THE DINGMAN GROUP 2007 DENVER 212 2,057.6% 7 •• LEAN STAFFING SOLUTIONS 459 1,046.6% 23
LEADERSHIP: Christopher Dingman, dingmangroup.com 2008 CORAL SPRINGS, FLA.
LEADERSHIP: Roberto
Cadena, leangroup.com
Executes the relocation of professional sports
franchises, athletes, coaches, and support staff. Provides nearshore services to expand and enhance
businesses.
PROFORMA GLOBAL SOURCING 2005 TAMPA 255 1,800.5% 3
FLEET HOSTER 2013 MCDONOUGH, GA. 476 1,012% 14
LEADERSHIP: MicheleAdams,
LEADERSHIP: Michael
Head, fleethoster.com
proformaglobalsourcing.com
Provides graphic communication services, including Supplies cameras, tracking technology, and acces-
printing and e-commerce solutions. sories to commercial vehicle fleets.
• IMPYRIAN 2008 FULTON, MD. 294 1,581.7% 27 EXPRESS CHEM 2009 KIRKWOOD, MO.
LEADERSHIP: AndrewFoley, expresschem.com
500 972.9% 34
LEADERSHIP: Matthew McCathorine, Norman Sheriff,
impyrian.com Offers waste-management services, including
Delivers engineering, IT, and audio-visual solutions to chemical sales and liquid filling.
federal, state, and commercial clients.
$ F O R M O R E E X C LU S I V E I NC . 5 0 0 0 C O M PA N Y DATA , V I S I T DATA . I NC .C O M
RANK THREE-YEAR REVENUE GROWTH NUMBER OF EMPLOYEES •The number of red dots indicates how many times a company has been a past Inc. 5000 honoree.
80 ● INC. ● SEPTEMBER 2021 ●
COMPUTER INDUSTRIAL PROJECT INNOVATION
2016 GREENVILLE, S.C.
106 3,825.5% 114
HARDWARE
Companies that primarily make, distribute, or sell computing-related hardware.
LEADERSHIP: Kevin Ball, Dennis Braasch, ipi.build
Manages construction projects on behalf of owners,
as well as providing planning engineering, in multiple
industries, including automotive.
Number of companies 3 • Total 2020 revenue $73m • Median 2020 revenue $18.3m • 113 3,686.7% 20
Median 3-year growth rate 4,687.8% • Total 2020 employment 71 KEYSTONE SPORTS CONSTRUCTION
2013 EXTON, PA.
LEADERSHIP: Russell Lyddane, Christopher Wright,
keystonesportsconstruction.com
Specializes in athletic facility construction and
47 6,999.4% 50 maintenance, including synthetic turf fields.
CLUTCH SOLUTIONS 2017 GILBERT, ARIZ.
LEADERSHIP: GarretteBackie, Scott Gossett,
ICON POWER 146 2,822.8% 84
clutchsolutions.com
Provides enterprise class software and hardware 2017 TEMPE, ARIZ.
LEADERSHIP: Jake Bastian, iconpower.com
focused on IT infrastructure and IoT.
Sells and installs solar energy systems to home-
81 4,687.8% 9 owners and businesses throughout Arizona.
DISTRIBUTED TECHNOLOGY GROUP
2009 SYRACUSE, N.Y.
BIM DESIGNS 2016 PHOENIX 148 2,799.8% 56
LEADERSHIP: Mark Matheson, dtg.com
LEADERSHIP: MarkOden, bimdesigns.net
Develops and implements secure, productive, and
cost-effective IT strategies. Provides building design, modeling, consulting, and
coordination services.
CAN-AM WIRELESS 2001 CEDAR PARK, TEXAS 292 1,583.1% 12
VIKING INDUSTRIAL PAINTING 174 2,432.8% 72
LEADERSHIP: JohanRahardjo, canamwireless.com
Sells IT hardware, software advanced IoT solutions 2001 OMAHA
LEADERSHIP: Rory Sudbeck, viptanks.com
to corporations, governments, and education clients.
Specializes in the restoration and maintenance of
municipal water tanks across the country.
SERVICES
Companies that make or distribute products and services that will be sold
hand, hair, and body-care products, and
donates a bar of soap for every product sold.
to individual consumers, as opposed to businesses. • CHOMCHOM ROLLER 2012 BELLEVUE, WASH. 211 2,065.5% 1
Number of companies 49 • Total 2020 revenue $1.1b • Median 2020 revenue $11.6m • LEADERSHIP: Tetsu
Liew, Aaron Muller,
Median 3-year growth rate 1,479.2% • Total 2020 employees 2,510 chomchomroller.com
Manufactures and sells an ecofriendly product for
removing pet hair from carpets and upholstery.
DORRINGTON VENTURES (DBA SUNHAVEN) 51 6,594% 5 • ARTEZA 2015 NORTH MIAMI, FLA. 244 1,853.3% 280
2017 ENCINO, CALIF. LEADERSHIP: Kenneth Hara, arteza.com
LEADERSHIP: Michael Hillel, sun-haven.com Sells high-quality, affordable arts and crafts
Sells an assortment of comfortable, durable, and supplies to customers around the world.
well-designed outdoor furniture.
•• FETCH REWARDS 2013 MADISON 248 1,832% 293
WELLNESS CREATIONS 2015 NEW YORK CITY 68 5,487.7% 10 Wes Schroll, fetchrewards.com
LEADERSHIP:
LEADERSHIP: Colin Darretta, gowellpath.com Rewards shoppers for everyday purchases when they
Markets non-GMO, gluten-free, and third-party- take photos of their receipts.
tested products featuring superfoods.
TRIBUTE 2013 NEW YORK CITY 269 1,733.9% 100
LITERATI 2017 AUSTIN 77 4,897.9% 114 LEADERSHIP: Andrew Horn, tribute.co
LEADERSHIP: Jessica Ewing, literati.com Provides a collaborative video technology platform
Curates and sells books and moderates virtual book for making tribute videos to be given as gifts.
clubs via a monthly subscription service.
HYDROVIV 2015 KNOXVILLE, TENN. 275 1,682.1% 12
SIPS BY 2016 AUSTIN 79 4,754.4% 17 LEADERSHIP: Eric
Roy, hydroviv.com
LEADERSHIP: Staci
Brinkman, Øivind Loe, sipsby.com Builds custom water filters for residential customers
Offers personalized and affordable tea selections based on their water-quality data.
through a subscription service.
EINSTEIN ASSOCIATES 295 1,562% 18
WORTHY PROMOTIONAL PRODUCTS 86 4,591.2% 24 2017 STAFFORD, TEXAS
2010 ECLECTIC, ALA. LEADERSHIP: Leon Lim, beyondmedshop.com
LEADERSHIP: Bo
Worthy, theohsoco.com Provides high-quality medical equipment, mobility
Makes branded, licensed, and promotional cleaning aids, and other home health-care supplies.
and personal care products.
MISS FLIRTY 2016 NAPERVILLE, ILL. 303 1,506.5% 60
ALABASTER CREATIVE 2016 PICO RIVERA, CALIF. 94 4,110.7% 5 LEADERSHIP: ChristyOlson, sparkleandco.com
LEADERSHIP: Brian
Chung, Bryan Ye-Chung, Manufactures nail products such as dip powder,
alabasterco.com polish, and gels in unique colors.
Publishes faith-based titles as well as bibles
designed like coffee-table books. THROTL 2015 SAN DIEGO 315 1,451.8% 16
LEADERSHIP: Rick
Beckerman, throtl.com
HOMESTEAD FURNISHINGS 2008 HUMBLE, TEXAS 98 3,915.9% 5 Operates an online store selling aftermarket
LEADERSHIP: Brendan Marquardt, Kyle Marquardt, performance auto parts.
loriwallbeds.com
Offers an online selection of high-quality, real-wood, SUNDERSTORM 2014 EMERYVILLE, CALIF. 319 1,439.4% 169
U.S.-made Murphy beds. LEADERSHIP: Cameron Clarke, sunderstorm.com
Rolls out cannabis products such as gummies,
KODA CAPITAL 2017 SAN LUIS OBISPO, CALIF. 110 3,749% 8 tinctures, and vapes.
LEADERSHIP: Daniel Kersten, Kody Nelson,
•• SHEFIT 2013 HUDSONVILLE, MICH. 321 1,435.5% 77
• Produces women’s
eversprout.com
Sells premium extended-reach home and garden Robert Moylan, shefit.com
LEADERSHIP:
tools such as telescoping dusters and squeegies. fitness garments that offer
superior fit, support, and comfort.
PACKED WITH PURPOSE 2016 CHICAGO 149 2,790.4% 9
LEADERSHIP: LeeattRothschild, BAT CLUB USA 2016 MIAMI 326 1,425.3% 14
packedwithpurpose.gifts LEADERSHIP: ErikRico, batclubusa.com
Curates social-impact gifts that empower under- Pitches baseball and softball equipment subscrip-
served people or support sustainability efforts. tions for serious ballplayers.
$ F O R M O R E E X C LU S I V E I NC . 5 0 0 0 C O M PA N Y DATA , V I S I T DATA . I NC .C O M
RANK THREE-YEAR REVENUE GROWTH NUMBER OF EMPLOYEES •The number of red dots indicates how many times a company has been a past Inc. 5000 honoree.
82 ● INC. ● SEPTEMBER 2021 ●
• EMBARK VETERINARY 2015 BOSTON 338 1,388.8% 72 • SLUMBERKINS 2015 VANCOUVER, WASH. 450 1,092.5% 33
LEADERSHIP: Ryan Boyko, embarkvet.com LEADERSHIP: Callie
Christensen, Kelly Oriard,
Sells the top canine DNA test to help dog owners slumberkins.com
better understand pets’ breed and ancestry. Promotes early learning through products that teach
positive social-emotional life skills.
346 1,367.6% 80
• PIT VIPER 2012 SALT LAKE CITY
ME4KIDZ 2004 MESA, ARIZ.
LEADERSHIP: Richelle
Nassos, me4kidz.com 465 1,034.9% 42
Provides kid-friendly and ecofriendly first-aid kits and LEADERSHIP: Chris
Garcin, Chuck Mumford,
other health care products. pitvipersunglasses.com
Produces and sells a playful line of fashion
CIELO WIGLE 2014 REDMOND, WASH. 358 1,325.4% 5 sunglasses and other apparel and accessories.
TRUITY
2012 OAKLAND, CALIF.
383 1,251.9% 10 EDUCATION
Companies that provide instruction or coaching, or sell educational
LEADERSHIP: Molly Owens, truity.com
Develops scientifically validated, user-friendly materials, or whose primary market is schools or universities.
personality assessments. Number of companies 11 • Total 2020 revenue $129.6m • Median 2020 revenue $5.7m •
Median 3-year growth rate 1,341% • Total 2020 employment 1,345
MANLY BANDS 2016 VINEYARD, UTAH 388 1,244.5% 32
LEADERSHIP: Michelle Luchese, John Ruggiero,
manlybands.com
Markets men’s wedding bands made of materials
such as dinosaur bone, meteorite, and antler.
OPTIMAL VENTURES 436 1,122.9% 5 • HONORLOCK 2014 BOCA RATON, FLA. 103 3,857.7% 75
2011 ARLINGTON HEIGHTS, ILL. LEADERSHIP: MichaelHemlepp, honorlock.com
LEADERSHIP: Sajid Patel, liteband.com Supplies on-demand, online proctoring services for
Designs and manufactures headlamps and associated colleges and universities.
products for industrial and consumer markets.
155 2,745.5% 74
• THREAD 2015 PROVO, UTAH 442 1,108.8% 25
OTUS 2013 CHICAGO
LEADERSHIP: Andy Bluhm, otus.com
LEADERSHIP: Colby Bauer, threadwallets.com Provides an all-in-one teaching, grading, and analysis
Designs colorful wallets and other carrying products platform for K-12 learning environments.
blackbuckresources.com
Provides water infrastructure services for the oil
and gas industry.
MANUSCRIPT GROUP 2016 WASHINGTON, D.C. 293 1,582.1% 9 • RISINGSUN EPC 2016 KANSAS CITY, MO. 363 1,314.1% 30
LEADERSHIP: Eric
Koester, newdegreepress.com LEADERSHIP: KeithMurphy, risingsun.solar
Provides publishing services, including educational Installs solar panels in Missouri, Texas, Oklahoma,
and support programs, for independent authors and and Kansas.
$ F O R M O R E E X C LU S I V E I NC . 5 0 0 0 C O M PA N Y DATA , V I S I T DATA . I NC .C O M
RANK THREE-YEAR REVENUE GROWTH NUMBER OF EMPLOYEES •The number of red dots indicates how many times a company has been a past Inc. 5000 honoree.
84 ● INC. ● SEPTEMBER 2021 ●
FINANCIAL SERVICES
Companies that provide financing or whose products and services facilitate
STATEWIDE FUNDING 2013 ONTARIO, CALIF.
LEADERSHIP: Alex
Diaz, statewidefundinginc.com
301 1,541.3% 148
NUMERATED 2017 BOSTON 32 9,201.6% 95 • ARCUS LENDING 2008 SAN JOSE, CALIF. 394 1,232.8% 85
LEADERSHIP: Shashank
Shekhar, arcuslending.com
LEADERSHIP: Dan O’Malley, numerated.com
Makes mortgages simple with expert advice, an A.I.-
Makes software for banks and credit unions to powered chatbot, and a 24/7 rate alert service.
manage loan origination and account onboarding.
KEYSTONE FUNDING 2006 DOVER, DEL. 407 1,186.1% 52
CRESTMONT CAPITAL 44 7,404.1% 32
LEADERSHIP: Timothy Paret, keystonefunding.com
2015 IRVINE, CALIF. Simplifies mortgage lending with an easy application
LEADERSHIP: GregoryKeleshian, crestmontcapital.com and a variety of lending options.
Supports the funding needs of U.S.-based small
businesses as a lender and consultant. 412 1,178.4% 7
BG ADVISORY (DBA SEAPOINT BUSINESS
45 7,383.2% 34 ADVISORS)
VIZYPAY 2017 DES MOINES 2009 WESTLAKE VILLAGE, CALIF.
LEADERSHIP: Austin Mac Nab, Frank Pagano, LEADERSHIP: Bob Grewal, seapointadvisors.com
vizypay.com Works with business owners seeking to sell their
Processes credit card transactions for small businesses at maximum value.
businesses via an easy-to-understand service.
• EASTERN ASSET FUNDING 58 6,069% 25 • WESLEY FINANCIAL GROUP 447 1,100% 424
2011 FRANKLIN, TENN.
2016 GREENWICH, CONN. LEADERSHIP: Chuck McDowell,wesleyfinancialgroup.com
LEADERSHIP: AndrewClark, easternassets.com Obtains timeshare cancellations and debt relief for
Originates and invests in litigation-related assets owners who were misled by timeshare companies.
for law firms.
MERCHANT PROCESSING PROS 463 1,038.4% 7
PILOT 2017 SAN FRANCISCO 63 5,823.8% 150
2017 ELKHORN, NEB.
LEADERSHIP: Waseem Daher, pilot.com
LEADERSHIP: Nick Korth, merchantprocessingpros.com
Provides consistent, accurate accounting, tax Offers merchant processing services to e-commerce
preparation, and forecasting services. clients and other card-not-present markets.
BOLT 2014 SAN FRANCISCO 64 5,792.4% 152 482 1,005.4% 400
UPGRADE 2016 SAN FRANCISCO
LEADERSHIP: Ryan
Breslow, bolt.com LEADERSHIP: Renaud Laplanche, upgrade.com
Makes online checkout software for retailers. Offers affordable loans and credit cards to main-
•• NATIONWIDE MORTGAGE BANKERS 117 3,520.3% 441
stream consumers, together with mobile banking.
2011 MELVILLE, N.Y.
LEADERSHIP: RichardSteinberg, nmbnow.com
• MONEY AVENUE 2017 ISELIN, N.J. 494 985.7% 10
LEADERSHIP: A.
Donahue Baker, moneyave.com
Guides clients through home financing with Lends to consumers and small businesses nation-
transparency, education, and dedicated support. wide through a variety of financial products.
NXT MORTGAGE COMPANY 169 2,496.1% 6
2016 COPPELL, TEXAS
LEADERSHIP: Tyler Hodgson, nxtmortgage.com
Brokers mortgages with a focus on people rather
than profits.
puritycoffee.com
or offer related services. Includes meal-delivery services. Retails antioxidant-rich coffee delivered directly to
Number of companies 24 • Total 2020 revenue $791.8m • Median 2020 revenue $10.1m • consumers’ homes.
Median 3-year growth rate 1,854.4% • Total 2020 employment 3,800
HUNGRYROOT 2015 NEW YORK CITY 214 2,049.3% 43
LEADERSHIP: Ben McKean, hungryroot.com
Delivers groceries via an online service that also
offers recipes and meal-planning support.
• OUTER AISLE 2015 VENTURA, CALIF. 185 2,282.2% 111 MSI EXPRESS 2008 PORTAGE, IND. 479 1,007.6% 3,069
LEADERSHIP: Jeanne David, outeraislegourmet.com LEADERSHIP: Charles Weinberg, msiexpress.com
Offers a variety of low-carb bread products made Manufactures and packages shelf-stable foods,
with more than 60 percent fresh vegetables. specializing in dry and liquid mixing and blending.
$ F O R M O R E E X C LU S I V E I NC . 5 0 0 0 C O M PA N Y DATA , V I S I T DATA . I NC .C O M
RANK THREE-YEAR REVENUE GROWTH NUMBER OF EMPLOYEES •The number of red dots indicates how many times a company has been a past Inc. 5000 honoree.
86 ● INC. ● SEPTEMBER 2021 ●
GOVERNMENT • KERN TECHNOLOGY GROUP 336 1,398.8% 17
2010 VIRGINIA BEACH, VA.
SERVICES
Companies that provide consulting services—especially IT, health care,
LEADERSHIP: David Kern, ktg-llc.com
Provides professional engineering and research
services to the United States Navy.
and procurement—used primarily by government entities.
•• BROADLEAF 2009 MANASSAS, VA. 393 1,235.2% 433
Number of companies 20 • Total 2020 revenue $268.5m • Median 2020 revenue $9.7m •
Median 3-year growth rate 1,650% • Total 2020 employment 1,516 • broadleaf-inc.com
Vincent Apesa, Samuel Pope,
LEADERSHIP:
MARKESMAN 2014 NEWPORT NEWS, VA. 291 1,583.2% 75 CARE+WEAR 2014 NEW YORK CITY 20 14,114.4% 11
LEADERSHIP: Daniel
Markes, markesman.com LEADERSHIP: Chaitenya
Razdan, careandwear.com
Provides cybersecurity, enterprise IT, and intelligence Makes adaptive clothing for people receiving chronic
solutions. and long-term care.
• SECURE PLANET 2011 ARLINGTON, VA. 306 1,496.9% 6 WILD WILLIES BRAND 2016 ALPHARETTA, GA. 22 12,958.6% 14
LEADERSHIP: RobertKocher, secureplanet.com LEADERSHIP: Kerry Sebree, Christopher Wilson,
Provides biometric verification and identification wild-willies.com
systems for public and private clients. Meets men’s grooming needs with nutritional
UPPERLINE HEALTH 2017 NASHVILLE 90 4,437.7% 468 PLAYMAKAR 2017 KELLER, TEXAS 228 1,914% 3
LEADERSHIP: DavidThorpe, upperlinehealth.com LEADERSHIP: MikeWilliams, playmakar.com
Provides comprehensive, integrated health care Produces clinically supported recovery and movement
targeting issues in the lower extremities. optimization products.
PAINTEQ 2013 TAMPA 95 4,004.4% 30 MEDVENTURE PARTNERS 2008 ELDERSBURG, MD. 231 1,903.9% 12
LEADERSHIP: Sean
Laneve, painteq.com LEADERSHIP: Donald
Smith, mvp-rx.com
Develops medical devices that solve common Provides customized health care management and
problems within the health care industry. specialty pharmacy solutions.
$ F O R M O R E E X C LU S I V E I NC . 5 0 0 0 C O M PA N Y DATA , V I S I T DATA . I NC .C O M
RANK THREE-YEAR REVENUE GROWTH NUMBER OF EMPLOYEES •The number of red dots indicates how many times a company has been a past Inc. 5000 honoree.
88 ● INC. ● SEPTEMBER 2021 ●
Physical distance can keep you safe and healthy.
But if an emotional distance forms between you
and those closest to you, it may be due to drug
or alcohol use. Partnership to End Addiction
works with you to establish the connections that
can help save lives and end addiction.
$ F O R M O R E E X C LU S I V E I NC . 5 0 0 0 C O M PA N Y DATA , V I S I T DATA . I NC .C O M
RANK THREE-YEAR REVENUE GROWTH NUMBER OF EMPLOYEES •The number of red dots indicates how many times a company has been a past Inc. 5000 honoree.
90 ● INC. ● SEPTEMBER 2021 ●
VECTOR FORCE DEVELOPMENT
2016 BATAVIA, ILL.
151 2,786.1% 76
IT MANAGEMENT
Companies whose primary business is the outsourced management
LEADERSHIP: Josh Bieler, vectorforcedevelopment.com
Offers a wide variety of construction support services, of software, servers, printers, security, etc.
including utility construction. Number of companies 13 • Total 2020 revenue $392.5m • Median 2020 revenue $6.5m •
Median 3-year growth rate 2,558.4% • Total 2020 employment 1,042
EMONICS 2016 JERSEY CITY, N.J. 206 2,151.5% 140
LEADERSHIP: Brijesh
Tripathi, emonics.com
Offers staffing and recruiting services for the IT
industry.
INSURANCE
Companies that sell insurance products or help the insurance industry
in different forms of risk mitigation.
Number of companies 7 • Total 2020 revenue $369.2m • Median 2020 revenue $13.3m •
Median 3-year growth rate 3,424.2% • Total 2020 employment 256
OPTIONS PLUS PLAN 2017 WAYNE, N.J. 249 1,829.2% 5 GOSAAS 109 3,763.4% 90
LEADERSHIP: BriannaManente, Frank Villares, 2017 HUNTINGTON BEACH, CALIF.
optionsplusplan.com LEADERSHIP: Hassan Ramay, gosaas.io
Creates health care plans with benefits for lower- Improves product life-cycle management for
wage employees in underserved markets. manufacturing, life sciences, and CPG companies.
HAZARDHUB 2016 SAN DIEGO 272 1,717.1% 9 ARLO SOLUTIONS 153 2,758.1% 34
LEADERSHIP: BobFrady, John Siegman, hazardhub.com 2014 WASHINGTON, D.C.
Provides property hazard risk databases that support LEADERSHIP: Lonye Ford, arlo-solutions.com
real-world decisions. Designs and implements simple, cost-effective
IT SYSTEM
DEVELOPMENT
Companies that create processes that enable their clients’ information
technology to perform to its capacity.
Number of companies 8 • Total 2020 revenue $39.9m • Median 2020 revenue $3.9m •
Median 3-year growth rate 1,341.5% • Total 2020 employment 231
$ F O R M O R E E X C LU S I V E I NC . 5 0 0 0 C O M PA N Y DATA , V I S I T DATA . I NC .C O M
RANK THREE-YEAR REVENUE GROWTH NUMBER OF EMPLOYEES •The number of red dots indicates how many times a company has been a past Inc. 5000 honoree.
92 ● INC. ● SEPTEMBER 2021 ●
MANAMIS 2016 MURPHY, TEXAS 226 1,922.4% 10 GENTUERI 2012 VERONA, WIS. 112 3,688% 36
LEADERSHIP: Anastasia
Ryzhko va, manamisinc.com LEADERSHIP: Randy
Nagy, gentueri.com
Operates a nationwide family-owned expedited Produces non-invasive sexual assault collection kits
trucking company based in Los Angeles. that make laboratory processing simpler.
MANUFACTURING
Companies that make both intermediate and finished goods for
1996 WHEAT RIDGE, COLO.
LEADERSHIP: Elaine Rogers, surgerydynamics.com
Manufactures medical supplies for hospitals and
sale to businesses and consumers. surgery centers.
Number of companies 21 • Total 2020 revenue $373.2m • Median 2020 revenue $10.7m •
Median 3-year growth rate 2,150.9% • Total 2020 employment 1,045
• SAFE LIFE DEFENSE 2016 HENDERSON, NEV. 265 1,758% 108
LEADERSHIP: Nick
Groat, safelifedefense.com
Designs and manufactures highly innovative body
armor and other first responder safety gear.
322 1,432.9% 15
•• NUGGET 2014 BUTNER, N.C. 29 9,624% 68
SOURCEM 2016 LOS ANGELES
LEADERSHIP: RodneyMoreh, sourcem.com
David Baron, nuggetcomfort.com
LEADERSHIP: Designs and sources custom products for retailers
Designs, manufactures, and sells modular furniture across the globe.
for children.
LOCUS ROBOTICS 428 1,134.1% 160
THE VERTICAL COLLECTIVE 35 8,797.6% 8 2015 WILMINGTON, MASS.
2015 REDONDO BEACH, CALIF. LEADERSHIP: Rick Faulk, locusrobotics.com
LEADERSHIP: Morgaine McGee, Katherine Zabloudil, Designs and builds mobile robots for the
theverticalcollective.com e-commerce, logistics, and fulfillment industries.
REAL ESTATE
Includes real estate developers and brokers and those providing services to brokers,
AVENUEWEST GLOBAL FRANCHISE
2017 LAKEWOOD, COLO.
LEADERSHIP: Angela Healy, avenuewest.com
435 1,126.8% 4
buyers, and sellers. Also includes real estate-related investment firms. Provides real estate investors with turnkey property
management services.
Number of companies 19 • Total 2020 revenue $3.3b • Median 2020 revenue $10m •
Median 3-year growth rate 1,502.6% • Total 2020 employment 1,418 441 1,113.9% 2
1 PERCENT LISTS
2015 COVINGTON, LA.
LEADERSHIP: Grant Clayton, 1percentlists.com
Brokers discount real estate through nationwide
franchises.
CHASEN COMPANIES 2016 BALTIMORE 18 15,419.6% 14
LEADERSHIP: BrandonChasen, chasencompanies.com WEST AND MAIN HOMES 452 1,075.2% 173
Acquires and manages luxury real estate properties 2017 LAKEWOOD, COLO.
in greater Baltimore and Washington, D.C. LEADERSHIP: Stacie Staub, westandmain.com
Boasts five real estate storefronts in the greater
DEALMACHINE 2017 INDIANAPOLIS 36 8,285.9% 40 Denver and Oklahoma City areas.
LEADERSHIP: DavidLecko, dealmachine.com
Locates real estate deals for investors through DOBRIN PROPERTIES 453 1,073.2% 6
enterprise-level marketing tools. 2012 RICHMOND, VA.
LEADERSHIP: Alex
Lugovoy,
OJO LABS 2015 AUSTIN 49 6,767.2% 469 dobrinpropertymanagement.com
LEADERSHIP: John Berkowitz, ojo.com Owns and operates approximately 350 multifamily
Helps homebuyers, sellers, and owners navigate the and single-family units in Richmond, Va.
• NAPALI CAPITAL
complex real estate landscape.
454 1,070.1% 18
•• BIG BLOCK REALTY 2012 SAN DIEGO 56 6,271.2% 16 2015 ROANOKE, TEXAS
•• Provides aSam
LEADERSHIP: Khorramian, bigblock.com LEADERSHIP: Thomas Black, Tim Black, napalicap.com
• tion, proven systems, and full business control.
brokerage platform to give agents educa- Partners with physicians to increase their wealth
through strategic real estate investments.
$ F O R M O R E E X C LU S I V E I NC . 5 0 0 0 C O M PA N Y DATA , V I S I T DATA . I NC .C O M
RANK THREE-YEAR REVENUE GROWTH NUMBER OF EMPLOYEES •The number of red dots indicates how many times a company has been a past Inc. 5000 honoree.
96 ● INC. ● SEPTEMBER 2021 ●
RETAIL
Companies that sell products and services directly to consumers, either
VALENTINO BEAUTY PURE
2012 WEST PALM BEACH, FLA.
252 1,812.9% 25
• SASSY JONES 2013 RICHMOND, VA. 24 12,735.9% 38 BRANDCENTRIC ECOMMERCE 288 1,617.4% 8
LEADERSHIP: CharisJones, shopsassyjones.com 2017 ALBUQUERQUE
Sells jewelry and accessories online, in stores, and LEADERSHIP: Nick Lenhart, brandcentric.com
through Facebook Live events. Provides established brands access to more
customers on global e-commerce marketplaces.
26 11,475.4% 6
• MUGSY 2015 CHICAGO
FAIR HARBOR 2014 NEW YORK CITY
LEADERSHIP: Jake
Danehy, fairharborclothing.com 297 1,554.4% 7
Transforms upcycled plastic bottles into ultra-soft LEADERSHIP: Leo Tropeano, mugsy.com
apparel. Specializes in comfortable clothes for fun-loving men
looking to get the most out of life.
38 8,202.4% 65
• YEDI HOUSEWARE APPLIANCES
WHOLE9YARDS 2017 DOVER, DEL.
LEADERSHIP: Abhijeet
Argawal, kartit.us 309 1,483.8% 5
Represents more than 300 brands as a prime e- 2015 LOS ANGELES
commerce retailer for a vast portfolio of products. LEADERSHIP: Bobby Djavaheri, Matthew Revich,
SMARTERVITAMINS 137 2,991.8% 1 RELAXIUM 2010 BOCA RATON, FLA. 461 1,040.3% 20
2016 GREEN COVE SPRINGS, FLA. LEADERSHIP: Eric
Cilberti, Timea Ciliberti, relaxium.com
LEADERSHIP: Randy Jabero, smartervitamins.com Supplies nutraceuticals backed by multiple clinical
Manufactures high-quality, affordable supplements, studies to improve sleep and mood.
including vitamins, minerals and herbs.
FAT BUDDHA GLASS 2016 GAITHERSBURG, MD. 464 1,035.5% 7
ZULAY 2015 CLEARWATER, FLA. 159 2,606.4% 30 LEADERSHIP: Mike Colavita, Kenneth Oplinger,
LEADERSHIP: Aaron Cordovez, zulaykitchen.com fatbuddhaglass.com
Makes kitchen gadgets that aim to save time and Sells quality glass smoking accessories at affordable
money for home cooks. prices to retail and wholesale customers.
ROODLE 2015 HARTFORD, S.D. 209 2,129.9% 4 GROOVE LIFE 2016 SPRING HILL, TENN. 466 1,032.7% 190
LEADERSHIP: Taylor
Ernster, vanillabeankings.com LEADERSHIP: Peter Goodwin, groovelife.com
Supplies gourmet vanilla products and vanilla beans Markets flexible and durable wedding rings for people
from around the world. with active lifestyles.
POMCHIES 2002 TEMPE, ARIZ. 221 1,987% 8 DAVE RIBEIRO 2014 NAPLES, FLA. 480 1,007.5% 14
LEADERSHIP: Heather Clark, pomchies.com LEADERSHIP: DavidAhmad, thecoldestwater.com
Makes accessories out of high-quality swimwear Sells unique cold-storage products made by a team
fabric, including lanyards, key keepers, and masks. of engineers in Naples, Florida.
$ F O R M O R E E X C LU S I V E I NC . 5 0 0 0 C O M PA N Y DATA , V I S I T DATA . I NC .C O M
RANK THREE-YEAR REVENUE GROWTH NUMBER OF EMPLOYEES •The number of red dots indicates how many times a company has been a past Inc. 5000 honoree.
98 ● INC. ● SEPTEMBER 2021 ●
AFFINITY 2014 SAN FRANCISCO 156 2,737.8% 82 LINKSQUARES 2015 BOSTON 253 1,806% 62
LEADERSHIP: Shubham Goel and Ray Zhou, affinity.co LEADERSHIP: VishalSunak, linksquares.com
Provides an intelligence platform for relationship- Automates contract processes for legal teams
driven industries. through its platform.
IVY.AI 2016 BOULDER 168 2,510.6% 27 LOANPRO SOFTWARE 2016 FARMINGTON, UTAH 258 1,785.1% 52
LEADERSHIP: Mark McNasby, ivy.ai LEADERSHIP: RhettRoberts, loanpro.io
Offers an artificially intelligent campus-wide chatbot Streamlines workflows in the loan servicing and loan
for colleges and universities. collections processes.
APPZEN 2012 SAN JOSE, CALIF. 171 2,476.8% 238 GRAVY ANALYTICS 2011 DULLES, VA. 263 1,768.1% 60
LEADERSHIP: AnantKale, appzen.com LEADERSHIP: Jeff
White, gravyanalytics.com
Makes tools for finance teams to automate spend- Develops real-world location intelligence software for
management tasks and prevent fraud. marketers.
APPLOI 2014 NEW YORK CITY 179 2,342.6% 50 • LEASEQUERY 2011 ATLANTA 266 1,754.3% 176
LEADERSHIP: Adam Lewis, apploi.com LEADERSHIP: GeorgeAzih, leasequery.com
Provides end-to-end recruiting, onboarding, and Eliminates lease accounting errors through its cloud-
credentialing software to health care organizations. based software.
ARTISAN TECHNOLOGY GROUP 180 2,342.6% 56 •• MOTIVOSITY 2013 LEHI, UTAH 267 1,753.6% 27
2011 KANSAS CITY, MO. Scott Johnson, motivosity.com
LEADERSHIP:
LEADERSHIP: Mike
Zimmerman, artisantechgroup.com Fosters community in the workplace with its
Designs and builds digital solutions that are tailored employee engagement software.
to Midwestern clients’ unique businesses.
TROVE RECOMMERCE 2012 BRISBANE, CALIF. 268 1,744.2% 194
ACCELEVENTS 2015 BOSTON 181 2,339.7% 65 LEADERSHIP: AndyRuben, trove.co
LEADERSHIP: Jonathan Kazarian, accelevents.com Builds and provides technology that powers circular
Offers a virtual and hybrid events platform with shopping for premium and luxury brands.
customizable interactive features.
RFPIO 2015 BEAVERTON, ORE. 281 1,648.8% 176
NOBLESOFT TECHNOLOGIES 196 2,200.1% 74 LEADERSHIP: GaneshShankar, rfpio.com
2011 IRVING, TEXAS Helps streamline RFPs, security questionnaires, and
LEADERSHIP: Venkat Yerubandi, noblesoft.com other response-gathering processes.
Supplies custom software to solve today’s supply
chain management challenges. QUALSIGHTS 2012 CHICAGO 282 1,646.6% 40
LEADERSHIP: Nihal
Advani, qualsights.com
ONE STEP GPS 199 2,181.8% 21 Allows companies to observe and interact with
2017 SAN FERNANDO, CALIF. customers as they shop or use products.
LEADERSHIP: James Fish and Adam Ben Jacob
onestepgps.com SMART RAIN 2012 CENTERVILLE, UTAH 283 1,641.6% 39
Offers a comprehensive suite of GPS fleet tracking LEADERSHIP: Rudy
Larsen, smartrain.net
products. Assists homeowners and businesses in tracking and
minimizing water consumption.
LEAFLINK 2015 NEW YORK CITY 204 2,155.3% 120
LEADERSHIP: Ryan
Smith, leaflink.com PREMISE DATA 2012 SAN FRANCISCO 286 1,623.4% 120
Runs an e-commerce wholesale marketplace for the LEADERSHIP: MauryBlackman, premise.com
cannabis industry. Blends machine learning with human intelligence to
analyze real-time market data for decision making.
KENECT 2017 PLEASANT GROVE, UTAH 216 2,030.7% 89
LEADERSHIP: Shaun Sorensen, kenect.com
Provides clients simple tools to communicate with
• SHIELD AI 2015 SAN DIEGO 287 1,622.2% 171
LEADERSHIP: Ryan Tseng, shield.ai
customers and gather leads from their websites. Builds A.I. software and systems for the national
security sector.
TILED 2016 SAN DIEGO 220 1,993.1% 37
LEADERSHIP: Darrell
Swain, tiled.co WISELY 2012 ANN ARBOR, MICH. 300 1,542.1% 52
Enables innovative storytellers to create engaging, LEADERSHIP: Mike
Vichich, getwisely.com
interactive content for any device. Develops best-in-class table management and guest
data software for restaurants.
PARADOX 225 1,940.9% 202
2016 SCOTTSDALE, ARIZ.
LEADERSHIP: Aaron
Matos, paradox.ai
• DASH TECHNOLOGIES 2010 COLUMBUS, OHIO 308 1,485.5% 49
LEADERSHIP: Shani
Bhavsar, dashtechinc.com
Develops conversational A.I. software to help Optimizes businesses’ data through custom software
companies automate human resources tasks. offerings.
BALBIX 2015 SAN JOSE, CALIF. 251 1,818.5% 65 RALLYUP 2013 PHOENIX 323 1,431.2% 32
LEADERSHIP: Gaurav Banga, balbix.com LEADERSHIP: Steve
Bernat, rallyup.com
Markets a platform that helps organizations discover, Works with nonprofits to create interactive
prioritize, and mitigate cybersecurity risks. fundraising experiences for their donors.
• STAYMARQUIS
databases to improve email marketing ROI.
373 1,290.3% 13
HYPERSCIENCE 2014 NEW YORK CITY 490 989% 228 2015 MELVILLE, N.Y.
LEADERSHIP: Peter Brodsky, hyperscience.com LEADERSHIP: Alex Goldstein, staymarquis.com
Modernizes processes for the government, financial Provides marketing, booking, concierge, and
services, insurance, and health care sectors. management services for vacation rentals.
$ F O R M O R E E X C LU S I V E I NC . 5 0 0 0 C O M PA N Y DATA , V I S I T DATA . I NC .C O M
RANK THREE-YEAR REVENUE GROWTH NUMBER OF EMPLOYEES •The number of red dots indicates how many times a company has been a past Inc. 5000 honoree.
100 ● INC. ● SEPTEMBER 2021 ●
INC. BRANDVIEW/FRANCHISE
Franchise is a
NUSPINE CHIROPRACTIC has estab- and NuSpine Chiropractic is here to do ownership, in other similar concepts, that
lished itself as one of the fastest- just that. NuSpine is a better approach. We are very
growing new franchise companies, When compared to the competition, impressed by NuSpine’s enhanced patient
despite the recent pandemic. NuSpine NuSpine provides additional services, focus on all levels. The deciding factor
is a cash-based chiropractic franchise like hydrotherapy massage, to provide a for us to get involved was the experience
that is awarding area representa- more robust experience to every patient. of the corporate support team, to the
tive and franchise licenses across the People in today’s world want their care comprehensive infrastructure already
nation. With 204 area representative delivered in a fast, affordable, and conve- developed by the Hedlund’s, to the fact
licenses and 41 franchises awarded in nient way, without sacrificing the quality that John Leonesio (former founder of
14 states, NuSpine has grown rapidly of care. Meaning no appointments, con- Massage Envy and the former co-found-
and is seeking entrepreneurs to join venient hours on evenings and weekends, er and CEO of The Joint Corp.) sits on
their growing team. in highly accessible anchored locations, NuSpine’s board.”
The reason that NuSpine has been and a simple experience that takes all You don’t need to be a chiropractor
so successful is that they recognized the pressure off. to get involved. NuSpine is looking for
that the chiropractic industry, while in Area Representative Richard Rees entrepreneurs and experienced franchise
high demand, has failed to modern- says, “We’ve experienced firsthand the partners who understand the benefits of
ize with the times. The chiropractic benefits of convenient, affordable chiro- this emerging industry. So don’t delay, get
industry is in need of healthy innovation, practic services. We also know from our in now, to secure your prime territory.
No
174
RORY SUDBECK
VIKING INDUSTRIAL PAINTING
THREE-YEAR REVENUE
I
GROWTH: 2,433%
It’s certainly scary, says Rory strapping on a harness and climbing knew that competitors were leaving
Sudbeck. No, not scaling a 13-story- atop water towers. the business; they also knew that
tall water tower—you get used to Sudbeck was in the business of water towers can last a long time.
that. Scary is leaving a lucrative selling coatings for things like water Operating out of Omaha,
livelihood to start a new business, tanks when he met his co-founder, they began using their industry
and then blowing through your John Snodgrass, who worked for connections to generate business.
credit line and wondering if you’ll a tank-maintenance company. Three “Most of the tanks we get on are
run out of cash. “That was as scared years ago, the two bought a small 50 to 100 years old,” says Sudbeck.
as I want to be,” says Sudbeck, who, family-owned shop called Viking “That’s pretty standard. It costs
even as the boss, has no problem Industrial Painting (V.I.P.). They a lot more to build a tank than to
PAINTING BY
NUMBERS
Painting water
towers pays well.
Top painters at
Viking can earn
up to $160,000
a year, and less-
experienced hands
can still bring in
$70,000. “We try
to find the best,”
says co-founder
Rory Sudbeck.
“We pay really well
and treat people
well.” The company
has close to 100
painters on its
payroll.
THE
lanta, Buffington had heard a million
pitches during his career as an investor.
This one was special. “Simplicity is
BY BILL SAPORITO
really hard to obtain,” he explains, “and distributed network that would allow
the way he articulated the solution was customers of all sizes to shape-shift, to
so elegant I thought, ‘This is going to be expand or contract their warehouses on
a massive winner.’” Buffington knew demand, for example, without having to
immediately that he wanted in. build their own or enter into long-term
That Georgia Tech student was contracts with third-party logistics com-
named Sean Henry. And what he outlined panies. Essentially, Stord can form an
that day in 2016 was the concept behind orchestra from scattered soloists.
HEAVY
Stord: a cloud-based distributed logistics In many industries, disrupters
platform designed to connect companies compete against the established order.
in real time to the hundreds of thousands Such order didn’t exist in the logistics
of nodes that constitute the nation’s sup- space. “More than anything, they were
ply chain. That includes disparate and competing against no one,” says Daley
disconnected manufacturers, suppliers, Ervin, the managing director of Engage
retailers, third-party logistics providers, Ventures, a venture platform for some of
freight forwarders, warehouse operators, the largest corporations in Atlanta and
freight brokerages, truck drivers, and an early investor. “When you go into an
ultimately you, the customer. industry that has nothing, whatever you
With his co-founder and CTO, Jacob build is better than sheets of paper and
LIFT
Boudreau, what Henry envisioned wasn’t faxes. They were competing against
so much a supply chain company as it was sticky notes.”
a supply change company—a single For Henry and Boudreau, their
20-something ages and their grand vision
might have been, to some, their biggest
barriers. Unencumbered by industry
experience, they set out to create some-
thing revolutionary.
I
F YOU’VE TRIED to order dumb-
bells, lawn furniture, or even a Chevy
Silverado in the past 18 months, you
know one thing, for sure: that the global
supply chain has been bonkers. The pan-
No
42
JACOB BOUDREAU &
SEAN HENRY
STORD
THREE-YEAR REVENUE
GROWTH: 7,580.6%
“This is going
pay scale of 50¢ a mile—or nothing if a shipment is called Huehoco Group in 2015. In Düsseldorf, he
delayed by, say, bad weather—Iuvo guarantees them contributed to projects such as process-flow optimi-
to be one
$65,000 annually plus benefits and incentives that zation to reduce labor costs. But when the company
can add $13,000. No one works weekends. In a field tried to apply the same approach to inventory reduc-
where the turnover is 100 percent every 36 months, tion modeling across its global supply chain, he ran
employee attrition is just 9 percent. Co-founded by
James Dowd, whose previous two logistics companies of the most into a problem. There were warehouses with inven-
tory and software to manage the inventory, but not in
important
got wiped out by a hurricane and the Great Recession, real time. “You can’t get an active picture because it’s
Iuvo landed at No. 310 on the 2019 Inc. 5000 and at not agile,” he says. “We didn’t have a network. It was
companies to
No. 246 in 2020. The company now owns 40 trucks all one-off.” Much like astronomers looking at stars
and is on the way to 100 by year end. in distant galaxies, he was peering into the past.
As the pandemic has unfolded, traditional Coupling the physical assets and the software
retailers have been forced to accelerate their shift to
e-commerce. That’s easy to do on the order- ever come out could create visibility and efficiencies. Pooling
$10,000 in 2016, and living on a ramen diet,
of Atlanta.”
taking side, but not on the fulfillment side. “These Boudreau headed to his office—his parents’ couch—to
companies are configured for truckloads,” says noodle the code while Henry began pulling the busi-
Henry. “Pallet in, pallet out. Now the problem is: How ness plan together.
do I reach end customers versus a truckload to a That idea is exactly what had dazzled Buffington
partner once a week?” Most companies don’t have at Create-X—though it was not Buffington who
the capital, or desire, to build out their own multi- funded it. He blew the deal. “I went over to Henry
channel distribution systems. “That’s where we come and said something like: ‘Holy crap, this thing is awe-
in,” says Boudreau. “We can provide that deeply some.’ I think I scared him to death,” he says, laughing.
integrated supply chain without their having to build It was, in fact, another presentation attendee,
and own all those assets.” Create-X co-founder Chris Klaus, who ultimately
provided Henry $200,000 in seed money. Then it was
T
HERE WAS ANOTHER large force in play off to an accelerator program at Tennessee’s Dynamo
for Stord: the flourishing startup network Ventures, which specializes in incubating and invest-
in noncoastal Atlanta, one that has contin- ing in supply chain and mobility startups, and, along
ued to attract capital and talent during the pan- with Engage, was a seed investor. In 2019, Dynamo
P
faces. The sight of two guys who looked like they just RIOR TO COVID-19, the supply chain seemed,
got out of high school selling them a three- to most consumers, efficient. And it is when
dimensional logistics model didn’t translate to we order from Amazon or Walmart. Stuff gets
instant sales. “Ultimately, supply chains are a delivered relatively quickly, even overnight, because
high-trust industry,” says Boudreau. “In the early those large companies are horizontally integrated—
innings, delivering those proof points was difficult.” from Amazon’s somewhat notorious warehouses to its
Successful growing businesses stay focused on their customers. Salesforce makes it easier
to understand your customers and keep them happy. Read on to see how we’re helping
companies of all sizes get closer to every customer.
airline and delivery fleets. In the past decade, as con- flexibility that matters. “We are built to help retail-
sumers began to apply more pressure on companies ers and e-commerce brands deliver faster than they
to deliver like Amazon, those firms often opted to use are able to do on their own,” says Henry. And that
more third-party logistics providers for order fulfill- allows them to become omnichannel distributors,
ment, eventually dispersing products across dozens if an important capability during the pandemic.
not hundreds of them. “Once they get into the third- At its core, Stord’s version of supply chain optimi-
party logistics space, they lose visibility. It’s a big zation means getting billions of decisions correct
struggle for them,” says Henry. “What inventory is about how stuff is delivered to us in this omnichannel
where? They are making decisions off of lagging data.” world. Amazon has had a 20-year head start on
The lack of visibility was Stord’s opportunity, but everyone, but Stord’s promise is that its network
how do you tie all these various third-party can offer Amazon-level logistics to everyone—
providers and their warehouses together when they democratizing the playing field. Indeed, Stord now
are all using a jumble of software—and acronyms—to offers small companies Amazon-like efficiency: two-
track items: warehouse management systems (WMS), day delivery in 99 percent of the country, and one-day
inventory management systems (IMS), some of them delivery in 90 percent. “Expectations have gone up
tied to enterprise resource planning (ERP) systems. tremendously,” says Henry. “There’s been no way for
Some used an electronic data interchange (EDI) businesses to expand their supply chains to match
protocol to exchange data, others an application consumer demands.”
programming interface (API). One customer was still Boudreau likens supply chain democratization to
using Excel spreadsheets. app development. Before the cloud, creating an app
Boudreau and his team cranked out iterations demanded tons of processing power and millions of
over a couple of years to devise an interface that dollars. “Today, you can have a kid in their dorm start
could make this babble of supply chain software— an app that’s used worldwide,” he says. Stord’s bet is
and their acronyms—completely interoperable. that the same thing can happen in the supply chain.
Applying what’s known as a canonical data model, “Democratizing the capability allows early-stage
they created a flexible integration layer that can companies to get that same access; so you can unlock
translate any data system, from your online shopping a lot of value to the end consumer.”
cart to a warehouse running a 20-year-old WMS. Stord’s logistics engine is currently aimed at the
“It’s only once the pieces become connected that broad, commodity end of the industry. But Henry and
you can solve for the core problems,” says Henry. Boudreau envision themselves pointing that engine
“From the point of manufacture to the last mile, you further upstream and down to other disconnected
can now solve for whatever inefficiencies arise.” parts of the supply chain: ocean shipments and cold-
Take Home Depot. The company runs its own chain distribution, for instance. The company bought
warehouses and is great at the pick-and-pack fulfill- a truck brokerage last year. Stord is also opening a
ment of nuts, bolts, household goods, and other small 386,000-square-foot warehouse in Atlanta, which
items. But bulky, low-volume items such as replace- will integrate leading-edge robotics and automation
ment doors can now be sent to a third-party logistics technology. The warehouse will also serve as a logis-
provider while still giving Home Depot complete tics lab. The company calls this end-to-end strategy
knowledge and control of the inventory. Likewise, “port-to-porch.”
if the company wants to run a promotion in 10 cities Customers are clearly buying into that vision.
for a month, it can forward-position inventory in Stord will hit a run rate of $100 million this year,
those cities to get it closer to customers, which saves with revenue increasing 350 percent over 2020. How
on last-mile shipping costs. big can it be? As Ervin says: “This is going to be one
For companies with less-extensive distribution of the most important companies to ever come out
capabilities, Stord’s strength is in using its software of Atlanta. It has the potential to be a $10 billion
to identify the best place to stock merchandise in company.”
such a way as to minimize the cost of getting one Capitalizing on the logistics industry’s inefficien-
item to one customer in any part of the country, a cies would never have been possible without an
process that begins with the truckload out of the inexperienced student testing a bold thesis—that the
port or factory and ends at your address. (The com- global supply chain was mostly a series of badly or
pany’s first customer was a Chinese solar panel unconnected links. “It was what I perceived to be a
maker.) For some companies, that may mean grab- total blue ocean market,” says Buffington. “Nobody
bing more space in Portland, Oregon, and less in was taking that approach.” Now someone is.
Portland, Maine—and then having the ability to
quickly reverse that if sales patterns change. It’s the BILL SAPORITO is an Inc. editor-at-large.
Three-Year Growth
1 Human Bees 48,345% 127 BluWave 3,156.9% 254 Cinch Kit 1,801.2%
380 Tri-State Transportation, 1,272.2%
2 Carbon Health 39,733.7% 128 Eon 3,131% 255 Proforma Global Sourcing 1,800.5% Training and Safety Consulting
•Upstream Life Insurance 129 SAB Biotherapeutics 3,121.5% 256 Aruza 1,791.6% 381 Amplified Wireless Solutions 1,266.9%
3 36,955%
Company 130 Modern and Chic Boutique 3,112.6% 257 Surgery Dynamics 1,791.1% 382 Complement 1,258.9%
4 Revolutionary Clinics 32,997.2% 131 ••Medlab International 3,094.2% 258 LoanPro Software 1,785.1% 383 Truity 1,251.9%
5 Dave 28,972.3% 132 •OneTrust 3,079.5% 259 Bold Strategies 1,781% 384 RxRevu 1,249.9%
6 Brander Group 27,096.4% 133 GLAD Empire 3,076.6% 260 CAULIPOWER 1,771.3% 385 ••Element 78 Partners 1,249%
7 Varo Bank 23,935.5% 134 Jocalio Group 3,059.1% 261 NexxtGen 1,770.7% 386 Ascension 1,248%
8 Hardbody Supplements 22,947.7% 135 •American Tree Medics 3,015.5% 262 Centurion Consulting Group 1,769.3% 387 ••360ia 1,245.1%
9 •Paxon Energy 22,742.4% 136 Frontdesk 3,011.8% 263 Gravy Analytics 1,768.1% 388 Manly Bands 1,244.5%
10 Budderfly 22,485.6% 137 SmarterVitamins 2,991.8% 264 Arise Recovery Centers 1,758.6% 389 •Sedera 1,241.2%
11 Texas Solar Integrated 22,380.8% Arizona Custom Blends 265 •Safe Life Defense 1,758% 390 ObvioHealth 1,239.8%
138 2,974.5%
12 Solgen Power 21,790% Manufacturing 266 •LeaseQuery 1,754.3% 391 Crossrope 1,239.1%
13 Olympic Media 20,329.9% 139 Merit Manufacturing 2,956.5% 267 ••Motivosity 1,753.6% 392 Scoutside 1,235.7%
14 Solar Bear 19,218% 140 Peerfit 2,943.3% 268 Trove Recommerce 1,744.2% 393 •••Broadleaf 1,235.2%
15 Snappy App 18,707.5% 141 Endo1 Partners 2,936.3% 269 Tribute 1,733.9% 394 •Arcus Lending 1,232.8%
16 Banyan Software 18,308.9% 142 HealthJoy 2,907.2% 270 Clio Snacks 1,728.7% 395 CallForce 1,228.3%
17 Casely 16,594.3% 143 •Propellant Media 2,906.2% 271 Stratice 1,719.6% 396 Lab Alley 1,215.8%
18 Chasen Companies 15,419.6% 144 Edison Interactive 2,863.2% 272 HazardHub 1,717.1% 397 TELETIES 1,215.6%
19 BigID 14,421% 145 •Lattice 2,838% 273 KUOG Corporation 1,716.8% 398 Fidem Interop 1,215.1%
20 Care+Wear 14,114.4% 146 Icon Power 2,822.8% 274 Doughp 1,693.7% 399 Keylent 1,214.8%
21 NP Digital 13,259.4% 147 Winning by Design 2,801.2% 275 Hydroviv 1,682.1% 400 Higher Ground Education 1,210.4%
22 Wild Willies Brand 12,958.6% 148 BIM Designs 2,799.8% 276 Outdoor Perspective 1,680.1% 401 •Titanium Wireless 1,209.4%
23 SwagUp 12,919.2% 149 Packed with Purpose 2,790.4% 277 Kate Quinn Organics 1,680.1% 402 •ShippingTree 1,206.8%
24 •Sassy Jones 12,735.9% 150 Perfect Plants Nursery 2,788.9% 278 RoadSync 1,672.7% 403 AMB Wellness Partners 1,201.5%
25 Your Super 11,476.5% 151 Vector Force Development 2,786.1% 279 SHINE Management 1,663.9% 404 Epic Staffing Group 1,197.5%
26 Fair Harbor 11,475.4% 152 WebForce 2,775.8% 280 Shiftsmart 1,648.9% 405 Force of Nature 1,192.4%
27 Coldwater Capital 10,728.3% 153 Arlo Solutions 2,758.1% 281 RFPIO 1,648.8% 406 Bidease 1,190.9%
Empowering a Billion Women 154 Maxwell Financial Labs 2,751.6% 282 QualSights 1,646.6% 407 Keystone Funding 1,186.1%
28 10,676.2%
(EBW2020) 155 Otus 2,745.5% 283 Smart Rain 1,641.6% 408 DonorBureau 1,185.1%
29 ••Nugget 9,624% 156 Affinity 2,737.8% 284 ••Healthcare Asset Network 1,633.2% 409 Boostr 1,184.3%
30 Greenlight 9,538.1% 157 Semperis 2,733.9% 285 Octillion Media 1,623.8% 410 KECH 1,184.3%
31 Songtradr 9,214.9% 158 Blue Rose Consulting Group 2,629.9% 286 Premise Data 1,623.4% 411 Kreative Technologies 1,184%
32 Numerated 9,201.6% 159 Zulay 2,606.4% 287 •Shield AI 1,622.2% BG Advisory
412 1,178.4%
33 HydroJug 9,031.9% 160 All Contractor Marketing 2,596.5% 288 BrandCentric Ecommerce 1,617.4% (dba Seapoint Business Advisors)
34 Global Alliant 8,833.5% 161 •Inspire11 2,592.6% 289 Blackbuck Resources 1,615.7% 413 Green Rush Packaging 1,175.8%
35 The Vertical Collective 8,797.6% 162 Ultimate Toys 2,587.5% 290 ••Capita Brand Group 1,605.9% 414 Xtreme Enterprises 1,171%
36 DealMachine 8,285.9% 163 Soma Tech Intl 2,581.8% 291 Markesman Group 1,583.2% 415 The Pipeline Group 1,164.5%
37 •Pine Gate Renewables 8,209.3% 164 •••Pax8 2,558.4% 292 Can-Am Wireless 1,583.1% 416 •••••Sunpro Solar 1,164.3%
38 Whole9Yards 8,202.4% 165 ReMedi Health Solutions 2,547.2% 293 Manuscript Group 1,582.1% 417 J&S Building Maintenance 1,158%
39 •Lovell Government Services 8,145.4% 166 •Spartan Investment Group 2,543.4% 294 •Impyrian 1,581.7% 418 •Stojo 1,153.7%
40 Actriv Healthcare 7,717.4% 167 Cameron Seafood Online 2,529.6% 295 Einstein Associates 1,562% 419 Bellzi 1,150%
41 MoLo Solutions 7,596.7% 168 Ivy.ai 2,510.6% 296 GSH Group 1,554.4% 420 •••PRx Performance 1,149.3%
42 Stord 7,580.6% 169 NXT Mortgage Company 2,496.1% 297 •Mugsy 1,554.4% 421 Health at Scale Corporation 1,149.1%
43 studio503 7,517.6% 170 Adlumin 2,487.6% 298 •ND2A Group 1,544.8% 422 •Stynt 1,143.1%
44 Crestmont Capital 7,404.1% 171 AppZen 2,476.8% 299 JOJO’s Chocolate 1,544.3% 423 •HomeCraft Gutter Protection 1,142.7%
45 VizyPay 7,383.2% 172 CRG Automation 2,472.9% 300 Wisely 1,542.1% 424 Seismic Digital 1,137.7%
46 Behavioral Framework 7,317.8% 173 EGA Associates 2,462.9% 301 Statewide Funding 1,541.3% 425 Juniper Square 1,137.1%
47 Clutch Solutions 6,999.4% 174 Viking Industrial Painting 2,432.8% 302 Nonprofit Megaphone 1,516.7%
426 •Restore Hyper Wellness 1,137%
48 Refill It 6,848.4% 175 Kayo Energy 2,402.2% 303 Miss Flirty 1,506.5% + Cryotherapy
49 OJO Labs 6,767.2% 176 HireProHealth 2,393.4% 304 Aerobiotix 1,502.6% 427 •Ad hoc Research Associates 1,135.8%
50 Textile Based Delivery 6,683.8% 177 •Perishable Shipping Solutions 2,381.6% 305 Homie 1,502.6% 428 Locus Robotics Corp 1,134.1%
51 Dorrington Ventures 6,594% 178 Rent To Retirement 2,349.8% 306 •Secure Planet 1,496.9% 429 Encor Solar 1,133.7%
52 Radix Health 6,463.8% 179 Apploi 2,342.6% 307 Blueprint Nutrition 1,489.3% 430 JPS Products 1,133.3%
53 WeShield 6,430.7% 180 Artisan Technology Group 2,342.6% 308 •Dash Technologies 1,485.5% 431 Kosmos Q 1,132.7%
54 WhiteCap Search 6,386.6% 181 Accelevents 2,339.7% 309 •Yedi Houseware Appliances 1,483.8% 432 4P Foods 1,132.3%
55 •Detailing Connect 6,276.3% 182 Franchise FastLane 2,304.2% 310 ••Awardco 1,482.7% 433 •Lunya Company 1,129.4%
56 •••••Big Block Realty 6,271.2% 183 OpenExchange 2,301.2% 311 Carrot Health 1,481.6% 434 HUNGRY 1,126.8%
57 Invisors 6,162.9% 184 •Zulie Venture 2,282.9% 312 GrowFlow Corp 1,466.8% 435 AvenueWest Global Franchise 1,126.8%
58 •Eastern Asset Funding 6,069% 185 •Outer Aisle 2,282.2% 313 •Conexon 1,460.8% 436 Optimal Ventures 1,122.9%
59 Proud Source Water 5,979% 186 ••Ally Logistics 2,281.1% 314 •Core One Solutions 1,454.7% 437 Uscreen 1,120.1%
60 Trellis Rx 5,947.4% 187 Peak Performance Life 2,269.9% 315 throtl 1,451.8% 438 AGM Marketing 2.0 1,117.2%
61 Powur 5,890.3% 188 Audley Consulting Group 2,262.7% 316 •••ShipMonk 1,448% 439 •MikMak 1,116.4%
62 QC Kinetix 5,872.8% 189 Hanger One Multi Family 2,246.3% 317 Resecurity 1,446% 440 •Wursta 1,115.4%
63 Pilot 5,823.8% 190 MATTIO Communications 2,243.6% 318 Hallmark Health Care Solutions 1,443% 441 1 Percent Lists 1,113.9%
64 Bolt 5,792.4% 191 Windsor Group 2,225.3% 319 Sunderstorm 1,439.4% 442 •Thread 1,108.8%
65 KODA Technologies 5,725.4% 192 Simplify Home Loans 2,224.8% 320 Citi Approved Enterprise 1,436.7% 443 YENSA 1,106.7%
66 LaunchTech 5,682.3% 193 Purity Coffee 2,224.1% 321 •••SHEFIT Operating 1,435.5% 444 •Bravado Ventures 1,103.9%
67 ZVerse 5,533.2% 194 •MZ Capital Partners 2,220.1% 322 sourceM 1,432.9% 445 Fosler Construction Company 1,102.9%
68 Wellness Creations 5,487.7% 195 Arkose Labs 2,216.3% 323 RallyUp 1,431.2% 446 ••Iuvo Logistics 1,100.9%
69 •springbig 5,484.9% 196 Noblesoft Technologies 2,200.1% 324 Emblem Athletic 1,429.5% 447 •Wesley Financial Group 1,100%
70 •Outschool 5,352.3% 197 •Objective Area Solutions 2,199.1% 325 Phusion Rehab 1,429.2% 448 KPI Ninja 1,096.7%
71 •BrüMate 5,320% 198 •••Soapbox 2,195.9% 326 Bat Club USA 1,425.3% 449 CharacterStrong 1,094.3%
72 connectRN 5,205.5% 199 One Step GPS 2,181.8% 327 AptAmigo 1,425% 450 •Slumberkins 1,092.5%
73 Pomerenke Holdings 5,164% 200 •Karen Coffey Coaching 2,180.7% 328 •Review Wave 1,422.1% 451 ••Acacia Counseling and Wellness 1,091.7%
74 Carewell 5,162.2% 201 Onicx 2,163.8% 329 JCW Search 1,421.8% 452 West and Main Homes 1,075.2%
75 PingWind 5,117.9% 202 Forge Health 2,163.8% 330 SGS Agency 1,412.5% 453 Dobrin Properties 1,073.2%
76 Go Powertrain 5,033.8% 203 Roadie 2,156.8% 331 Black Bear Technology Solutions 1,412.5% 454 •Napali Capital 1,070.1%
77 Literati 4,897.9% 204 LeafLink 2,155.3% 332 AvantStay 1,410.8% 455 Express Revenue 1,066.8%
78 Movers+Shakers 4,801.7% 205 Willow Industries 2,151.7% 333 Cancer Expert Now 1,399.9% 456 Fivetran 1,062.8%
79 Sips by 4,754.4% 206 Emonics 2,151.5% 334 •Spees Design Build 1,399.4% 457 Universal Spartan 1,052.2%
80 •Lifeboost 4,699.7% 207 Agnetix 2,150.9% 335 Text Request 1,399.2% 458 •AURA Technologies 1,048.3%
81 Distributed Technology Group 4,687.8% 208 •YourSix 2,144.7% 336 •Kern Technology Group 1,398.8% 459 ••Lean Staffing Solutions 1,046.6%
82 Innovien Solutions 4,687.6% 209 Roodle 2,129.9% 337 •Harward Media 1,394% 460 •Integra Mission Critical 1,040.4%
83 Proforma Amplified 4,680.7% 210 •Live Wireless 2,085.1% 338 •Embark Veterinary 1,388.8% 461 Relaxium 1,040.3%
84 Amazing Dental 4,616.2% 211 •ChomChom Roller 2,065.5% Surgery Center at 462 •Esquire Media 1,038.5%
339 1,387.4%
85 FreightWaves 4,596.9% 212 The Dingman Group 2,057.6% Corporate Way 463 Merchant Processing Pros 1,038.4%
86 Worthy Promotional Products 4,591.2% 213 MudShare 2,055.7% 340 •RestoreMasters 1,386.1% 464 Fat Buddha Glass 1,035.5%
87 AdOutreach 4,514.9% 214 Hungryroot 2,049.3% 341 Cleveland Kitchen 1,384.5% 465 •Pit Viper 1,034.9%
88 Stampede America 4,504.6% 215 •Origin 2,033.8% 342 JWH Financial 1,378.2% 466 Groove Life 1,032.7%
89 Optimal Way 4,441.6% 216 Kenect 2,030.7% 343 Mr. Checkout 1,376.6% 467 •Go Solar Power 1,032.4%
90 Upperline Health 4,437.7% 217 WILL Technology 2,020.1% 344 •Qloo 1,370.2% 468 Melon Technologies 1,031.3%
91 Benevate 4,372.8% 218 RestoraPet 2,011.5% 345 4TEKGear.com 1,369.6% 469 Old Dominion Strategies 1,030.6%
92 RateForce 4,174.3% 219 Everlywell 2,003.1% 346 me4kidz 1,367.6% •Michigan Blueprint Strategies
470 1,025.3%
93 CurlMix 4,149.7% 220 Tiled 1,993.1% 347 Velano Vascular 1,366.6% (dba Change Media Group)
94 Alabaster Creative 4,110.7% 221 Pomchies 1,987% 348 Vital Pet Life 1,364.3% 471 Roger West Creative & Code 1,022.5%
95 PainTEQ 4,004.4% 222 •FASTer Way to Fat Loss 1,978.2% 349 •Caldwell Intellectual Property Law 1,363.1% 472 Nymble Agency 1,022.4%
96 Montaro 3,980.3% 223 SolarLeadFactory 1,966% 350 Gemini Solutions 1,357.8% 473 Connect Pediatrics 1,021.5%
97 CyberGRX 3,922.7% 224 Paradigm Laboratories 1,960.7% 351 923 Digital 1,344.1% 474 Medical Monks 1,013.6%
98 Homestead Furnishings 3,915.9% 225 Paradox 1,940.9% 352 WheelsOnSite 1,342.8% 475 StaffNow 1,012.2%
99 Gong.io 3,910.8% 226 Manamis 1,922.4% 353 •CM Services 1,341% 476 Fleet Hoster 1,012%
100 CTW Solutions (dba Informed XP) 3,909.6% 227 Joint Strategic Technologies (JST) 1,915.3% 354 Apps Without Code 1,340.8% 477 •Meteor Learning 1,009.3%
101 Sales Boomerang 3,881.6% 228 PlayMakar 1,914% 355 A&M Communications 1,340% 478 Payne Pool Professionals 1,009.1%
102 THE BEST INDUSTRIES 3,858.3% 229 The Stable 1,909.3% 356 Craft Beverage Concepts 1,339.8% 479 MSI Express 1,007.6%
103 •Honorlock 3,857.7% 230 •National Technical Institute 1,905.6% 357 Bitcoin Depot 1,336.4% 480 Dave Ribeiro 1,007.5%
104 Attune Insurance Services 3,844.6% 231 MedVenture Partners 1,903.9% 358 Cielo WiGle 1,325.4% 481 •••NZS (dba OneScreen Solutions) 1,006.5%
105 JUICE 3,828.4% 232 Open Water 1,903.6% 359 •Forcivity 1,325.3% 482 Upgrade 1,005.4%
106 Industrial Project Innovation 3,825.5% 233 Devcool 1,898.3% 360 Amperity 1,319.2% 483 Zeal IT Consultants 1,003.1%
107 Triax Technologies 3,820.4% 234 Traliant Holdings 1,893.7% 361 Diaconia 1,316.8% 484 •Well Health 999.9%
108 TapRm 3,802.4% 235 Creativity Justified 1,893% 362 Andra Partners 1,315.2% 485 RCG Logistics 998.9%
109 GoSaaS 3,763.4% 236 Whistic 1,892.3% 363 •RisingSun EPC 1,314.1% 486 Point Solutions Group 995.7%
110 Koda Capital 3,749% 237 RZ Industries 1,883.7% 487 ••ZeroBounce 995.5%
364 Avicado Construction Technology 1,312.7%
111 4G Clinical 3,698.6% 238 Infrared Cameras 1,872.5% Services 488 Goodlife Institute 989.7%
112 Gentueri 3,688% 239 •A-Sha Foods USA 1,865% 365 Branch Metrics 1,312.6% 489 •Guerrilla RF 989.6%
113 Keystone Sports Construction 3,686.7% 240 •Dynamic Blending Specialists 1,863.4% 366 •Premier Health Solutions 1,311.1% 490 Hyperscience 989%
114 Notarize 3,644.6% 241 Quick’rCare 1,860.7% 367 •Nourishing Brands 1,310% 491 FundingShield 988.9%
115 Alpine Solutions Group 3,547.9% 242 Cloth & Paper 1,857.7% 368 •Swag.com 1,308.1% 492 ••Hemper 988.9%
116 TheoremReach 3,535.2% 243 Apptness Media Group 1,855.5% 369 Knock 1,307.2% 493 Advatix 986.6%
117 ••Nationwide Mortgage Bankers 3,520.3% 244 •Arteza 1,853.3% 370 Kitsch 1,303.6% 494 •Money Avenue 985.7%
118 Highdive 3,513.6% 245 MMC Convert 1,844.7% 371 DC BLOX 1,298.9% 495 Nu Earth Labs 985.1%
119 Crumdale Partners 3,424.2% 246 Bunny James Boxes 1,843.8% 372 •Beachly Brands 1,290.9% 496 Presh Technologies 983.4%
120 Rayne Staffing 3,390.3% 247 •Sethmar Transportation 1,838.7% 373 •StayMarquis 1,290.3% 497 Maker-Table Metal 981.9%
121 •Digital Thrive 3,384.8% 248 ••Fetch Rewards 1,832% 374 ••Equity & Help 1,284.6%
498 Smith Plumbing, Heating, 980.9%
122 Cartograph 3,259.4% 249 Options Plus Plan 1,829.2% 375 Picsart 1,284.5% Cooling, Electrical
123 •RxAdvance 3,244.3% 250 Solar Direct Marketing 1,820.7% 376 Raincatcher 1,284.3% 499 ROSE 979.4%
124 Vive Organic 3,218.9% 251 Balbix 1,818.5% 377 Mold Zero 1,277.7% 500 Express Chem 972.9%
125 PM Consulting Group 3,213.1% 252 Valentino Beauty Pure 1,812.9% 378 Valeo Groupe Americas 1,275%
126 K&A Engineering Consulting 3,165.9% 253 LinkSquares 1,806% 379 Sitation 1,273.7%
•The number of red dots indicates how many times a company has been a past Inc. 5000 honoree.
NOTE: The growth rates used to determine company rankings were calculated to three decimal places.
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CONNECTIONS
> MUST-SEE VIDEO
Driving Growth via Trends report found that growing small and
midsize businesses (SMBs) were 65 percent
more likely than their stagnant or declining
Customer Connections industry peers to accelerate technology
investments during the pandemic. Roughly a
third of growing companies were more likely
to adopt technology to help digitize customer
interactions and offer contact with services.
“The No. 1 area where growing businesses
are investing more is around customer
interactions,” Bensley says.
I
solation and social distancing with those customers,” he says. source of truth for all of our data,” Miehl says.
during the pandemic made personal Few companies know that better than “Our entire sales and marketing tech stack is
connections more important Mediafly, which was named to the 2021 integrated with our Salesforce CRM to break
than ever. Savvy businesses took Inc. 5000 list of America’s fastest-growing data silos and record all commercial activity
note, and many companies that companies. A Salesforce customer and in one place. This allows us to report on our
put customer relationships first partner, Mediafly’s solutions use artificial performance based on the level of activity
during lockdown thrived. Fortunately, their intelligence (AI) and machine
efforts were supported by established and learning to help some of
emerging tools that helped them easily
customize their interactions.
the biggest brands in the
world get closer to their
L
Companies that used those tools to shift customers through better The No. 1 area where growing
customer relationships online rather than content experiences, says businesses are investing more
relying on in-person communication, were Andrew Miehl, Mediafly’s
often accelerating a digital transformation that chief customer officer.
is around customer interactions.
was already underway, says Eric Bensley, vice The company empowers Eric Bensley, vice president of small and medium-sized
business (SMB) product marketing at Salesforce.
president of small and medium-sized business revenue teams with the
(SMB) product marketing at Salesforce. technology they need to
turn static content and sales
Fast-growing companies presentations into dynamic experiences based recorded for each account and coordinate
are digitally adept on customer interests, making the experience or correct our sales playbook based on
Salesforce’s customer relationship more personal. what we see. It also keeps all of our revenue
management (CRM) system makes it possible “When clients feel like you truly teams, from marketing to sales to customer
for companies to manage customer data, understand their challenges and are prescribing success, aligned.”
automate manual tasks, personalize customer a solution rather than just pitching a product, “Being a Salesforce customer and partner
experiences, and deliver data insights. “In you can help them get to a confident purchase in the world of digital selling has put us in a
order to build human connections, you have decision faster and drive loads more lifetime unique place to bring outstanding synergy
to know your customers inside and out,” customer value,” Miehl says. to sales and marketing departments,” Miehl
Bensley says. Having all of your data in one Such innovation requires investment says. That’s an important step in building
place “helps you have better conversations in technology. Salesforce’s Small Business trust and connection.
C R E AT E D B Y I N C . S T U D I O ; C O M M I S S I O N E D B Y
We bring growing
companies and
happy customers
together.
BLUEPRINT OF A
REVOLUTION
Eren Bali, co-founder
of Carbon Health,
pictured in a cardboard
prototype of a mobile
health clinic.
THE GREAT
DOUBLE
UNICORN
No
2
EREN BALI
CARBON HEALTH
THREE-YEAR REVENUE
GROWTH: 39,734%
F
RIENDS OF EREN BALI talk about a certain
to fix education for the kind of glow that lights up his face when he gets
masses. Both companies into conversations about solving problems. The
are worth billions. He soft-spoken co-founder and CEO of Carbon Health, this
year’s second-fastest-growing company on the Inc.
comes from the edge of 5000, has what longtime investor and friend Paul Lee
nowhere in rural Turkey. describes as “a weird, quiet confidence about him. He
How the heck does has a calm demeanor, but also this deep curiosity.”
Lee, who, like Bali, has a degree in mathematics,
this happen? It actually recognizes a mathematician’s way of thinking. “Math is
makes perfect sense. not about throwing a bunch of formulas at something.
It’s about solving problems in a very thoughtful, logical
way,” he says. “And I think that’s the fundamental thing
that Eren brings to being a founder: He falls in love
P H O T O G R A P H S B Y H O L LY A N DR E S ● SE P T E M B E R 2 0 2 1 ● I NC . ● 1 2 1
with problems and breaks down those problems, and then Walmart and CVS are building chains HITTING THE BOARDS
attacks them with solutions.” of in-store clinics with retail-like Bali, shown here
in Carbon Health’s
Bali’s college classmate Erbil Karaman saw those tenden- pricing. Many regional providers office, revels in “deep
cies early on, while the two attended the elite Middle East offer virtual appointments now, a discussions about minute
Technical University, in Ankara, Turkey. “In everything he trend that has accelerated across the details,” says a friend.
did, he wanted to learn the very deepest levels of it, like what industry during the Covid-19 pan-
it is and how it’s done, and how to do it the best way,” recalls demic. But few, if any, have the over-
Karaman. “We would get into these very deep discussions arching vision of Carbon Health, which Bali describes
about minute details.” Karaman and Bali are still close, and as “a full-stack, omnichannel primary care provider with
these days the conversations revolve around not just math or an obsession for inclusion and being accessible to everyone.”
computer concepts, but also chess, parenting, or the various Translation: cheap health care delivered however and wherever
social areas, like health care, that Bali feels passionately are are most convenient for you. As of late July, there were 81
unfair or inadequate. “He can go on forever if you hit on one Carbon Health clinics in 11 states, with 1,500 more planned by
of his topics,” Karaman says. the end of 2025—an ambitious growth target intended to sway
Carbon Health, which grew 39,734 percent over the past the industry toward Bali’s vision of expanded access.
three years and brought in more than $45 million in revenue Whether Bali can pull off such a large trick is impossible
in 2020, aims to solve one of the knottiest problems in America to say, of course, but it’s worth noting that he’s tried before
today: to fix not some specific aspect of health care, but rather to reinvent an industry that’s core to a functioning society and
the whole broken system. The spiraling costs that force workers ended up creating an innovative company worth billions. That
and employers to swallow double-digit annual percentage would be Udemy, the world’s largest online education platform,
increases and some small businesses to drop coverage entirely; which Bali co-founded in 2010 and is widely expected to IPO
the lack of transparency that leads to exorbitant and indeci- this year. (He was CEO until 2014, and chairman until earlier
pherable bills; the stark disparities in access and outcomes for this year.)
people of color. The list goes on. Carbon Health is also planning an IPO—possibly next
The company, based in San Francisco, is one of several that year—and its most recent round of funding, in July, valued it
have risen in recent years to combine brick-and-mortar clinics at more than $3 billion. That number vaults Bali into the rare
with app-based telehealth. Forward and One Medical offer pantheon of founders who have created multiple multibillion-
subscription-based care as a supplement to health insurance. dollar businesses. Call it the league of double unicorns. “I tell
I
N THE YEARS FOLLOWING the 1980 military reviewing some of my underwriting notes
coup in Turkey, services such as health care and from back then, and one of the things Eren GAMING THE SYSTEM
Life’s not all about
education were in short supply in the mostly literally said was, ‘I want to overhaul education reshaping massive
Kurdish southeastern village of Durulova. Few for the masses.’” industries for Bali, seen
doctors and teachers wanted to work amid the “He really wanted other people to have that here unwinding with
tension between the Kurds and Turkish nationalists. access to education that could change their lives Echo VR—an immersive,
zero-gravity game.
Eren Bali’s Kurdish parents, both educators, took as it had for him,” says Claire Hough, who spent
the opposite view: They moved back to Durulova five years as Udemy’s CTO and early this year
precisely to fill that gap. At Bali’s one-room primary
school, his mother was the sole teacher and rotated
between the five grades. Somehow that worked, and,
as Bali tells it, many students went on to some of
the country’s top universities. “My mom was a very
idealistic teacher,” he says, “and I think she injected
this idealism into a lot of students.” (His father,
meanwhile, was banned from teaching after the
coup because of his activism.)
When the family got a computer in 1998, Bali’s
world opened up. He’d been drawn to math as a
student, and suddenly he found himself exploring
advanced concepts on the internet. That led him
to the Turkish National Mathematical Olympiad,
where he won a gold medal, and eventually to the
U.S., where he took silver at the 2001 International
Mathematical Olympiad in Washington, D.C. That
was his big ticket, and he began studying at Middle
East Technical University the next year.
It was at METU where Bali met a group of other
math geeks who hung around the computer science
labs, and they started building various online ser-
vices in their off time—a music player, a news aggre-
gator—and talking about problems they might solve.
“What he cared about from very early on,” Karaman
remembers, “was turning anything we learned
about in school into things he could play with and
other people could play with.”
I
N 2013, WHILE BALI was still running Udemy day to day, in the Bay Area called Direct Urgent Care, that stood out as an
his mother began suffering from chronic abdominal and exception. The company’s mission aligned well with Carbon
backpain. A parade of doctors failed to diagnose the prob- Health’s, and as the two groups shared patient and operational
lem, and eventually she suffered a stroke that left her entire data, they began to see better results, such as a nearly 300 per-
body paralyzed. Bali flew back home to Turkey from the Bay cent boost in patient retention. Bali decided to buy the chain
Area and for three months teamed up with his physician sister and turn those locations into Carbon Health clinics—and then
to find his mother help. Each doctor they saw, Bali noticed, had build more. “We just said, you know what, screw it, we’re going
to navigate a disorganized mess of notes, images, and reports to own the clinics,” he says. “We’re going to own the brand.
from previous doctors. His sister compiled and collated all the We’re going to own the services. We will own every piece of it.”
files about their mother’s care, and eventually they found a It was late 2018, about three years into Carbon Health’s life,
doctor who nailed the diagnosis (a rare disease called neuro- and Bali had learned a hard lesson about the health care indus-
sarcoidosis). In the process, Bali saw a need for someone to try: It’s a mess—and the difficulty of bringing about broad
build a new system in the U.S. for medical records, one centered change in it leads many to focus on a narrow slice they can
on patients rather than providers. conceivably control. Hence the splintered landscape of regional
When he returned to the States, he began designing just chains, the tendency for healthtech startups to focus on serving
such a framework in his spare time, thinking that it could be other tech people, and so on. As his parents did when they
the foundation for the reinvented health care system he’d been chose to become teachers in Durulova, Bali took an opposite
dreaming about. Not wanting to tackle the whole industry at view. The only way to fix the system, he decided, was to grapple
once, he was looking for a sort of gateway problem. “And the with the whole thing.
first observation I made was that health care services are prob-
W
ably the single most complex service industry,” he says now. E CAN DO ANYTHING HERE,” says Fletcher
“It’s far more complicated than food or transportation—and yet Munksgard, Carbon Health’s East Bay clinician
the tooling that we gave doctors was worse than in those indus- manager, on a recent Tuesday at the Telegraph
tries. Essentially, the most complex operational industry had Avenue clinic in Berkeley. Munksgard is a skinny guy with a
the worst tooling.” Just the kind of thing to give an ambitious bushy beard who’s wearing a T-shirt that reads “Into the
tech entrepreneur a foothold. Storm,” which he explains has been his mindset for dealing
Two years later, when Carbon Health was born as an actual with Covid-19: Don’t run away—run into the storm.
company, its name was inspired by the structure of the soft- The Telegraph clinic, which opened in 2013 as a Direct
ware system Bali and a small team ended up building—its Urgent Care and was rebranded in 2019, has six rooms that
central node (the patient) and satellite nodes (health care serve both primary and urgent care patients. At the height of
providers) resemble a carbon molecule. The scope of its work the pandemic, the clinic saw as many as 120 patients in a day,
quickly broadened into providing a full-service tech platform almost all of them for Covid testing and treatment. Now they
for clinics—first a supplement to electronic health records, see maybe 60 patients per day, for everything from Covid tests
then a full-blown EHR system, and then telehealth tools, pre- to women’s health to basic checkups. Other than the nearly
scription fulfillment, payments, and scheduling. complete absence of paper anywhere (doctors carry iPads and
The business model started to look viable—optimal even, can throw images over to the wall-mounted flatscreen in each
for a venture capital-backed company. Without having to exam room), the space feels more or less like you’d expect:
spend a bunch of money on real estate and doctors, Carbon clean and sparse and modern, as if Ikea had designed it.
Health could take a piece of clinics’ revenue and essentially For patients paying out of pocket, there’s a simple list of
run their operations. The clinics would belong to someone prices: $145 for an in-person visit, plus an additional $19 for
else, technically, but Bali’s software would be behind the a strep screening, $175 to stitch up a wound, and so on. (The
scenes running the operations. base is $69 for a telehealth visit.) For those paying with insur-
The system more or less worked like that, but the team ance, well, it gets a little more complicated with co-pays,
167
CAMERON MANESH
CAMERON SEAFOOD ONLINE
THREE-YEAR REVENUE GROWTH: 2,530%
C
ON LOCATION WITH ...
The Crab Cousins Cameron Manesh’s cousin, Peymon
Manesh, was taking his turn running
one of the family’s food trucks in
Who Ship Maryland Hagerstown, Maryland, when he
spotted some West Virginians in line
Maryland blue crabs burrow in and a network of food trucks and videos on social media, and getting company blew through its frozen
the mud from November to April, retail outlets around the region. a mention in the Food section of The stock in two weeks, the team
and the layer of fat they develop to The two cousins launched New York Times, which generated offered thousands of customers
keep warm gives them a distinctively Cameron Seafood Online in June $50,000 in sales in a single day. refunds or a substitute: Alaskan king
sweet taste. “We don’t have custo- 2017, to resounding indifference. The site hit $1.1 million in sales and snow crabs, which are available
mers,” says Cameron. “We have It had just $9,300 in sales the in 2018, and its facility was near all year. The upshot: Cameron’s
addicts.” He’s the namesake of the first month. So Cameron got capacity when Covid hit. Orders in Alaskan crab business ballooned,
crab empire his father co-founded in busy marketing, partnering with the spring of 2020 jumped from 50 the company met demand—and
1985—Cameron’s Seafood—which subscription wine services to a day to 250—fantastic, except the they rode the rising tide all the way
now includes a wholesale business include inserts, posting unboxing crabs weren’t out yet. When the to the Inc. 5000. —GABRIELLE BIENASZ
IT
tion. Tales of triumph.
Tales of doing the work,
no matter the obstacles.
They filled needs in a
time of need. They built
better businesses. And
through it all, they grew.
From making musicals
to mixing potions, from
cleaning up to killing
Covid, these are the
stories of 13 founders
who tell us how they
prevailed in 2020—and
the lessons they learned
on the way to winning
the biggest prize of all.
369
moed about a dozen versions of the song,
which sets what E.l.f. stands for—eyes, No
lips, face—to music. It was the brand’s goal
to introduce Gen-Z to what E.l.f. actually
stands for. In October of 2019, we launched
DEMETRI THEMELIS
E.l.f.’s #eyeslipsface campaign.
Horowitz It was in the form of a hashtag KNOCK
challenge: People would post a video of
themselves showing their eyes, lips, face, THREE-YEAR REVENUE
maybe made up in an interesting way, GROWTH: 1,307%
with the hashtag and song. In the first
week, it really snowballed. We had Reese
Witherspoon join in from a barber chair,
and pretty soon you had Ellen strutting to
the music, you had Lizzo, pulling on her
curly hair, you had Terry Crews, Kevin
Hart, all these huge names creating videos Knock makes a customer-relationship Having lived in New York City, San
totally organically because we had made management platform that helps prop- Francisco, and Seattle, Tom and I had a
something so cool that it was good for erty managers control all aspects of the lot of experience with terrible apartment
their brand to participate. rental process online, from tracking their hunts. There was nothing modern about
Goldberg It became the most viral inventories and communicating with the process: no automation, no access to
campaign in TikTok history: It hit a billion tenants to booking showings with poten- real-time information, a lot of phone
views faster than any campaign had, in tial renters. Today, Seattle-based Knock’s calls and emails.
just six days. software manages 1.75 million housing We were keenly aware of the prob-
Horowitz It wasn’t just organic growth, units and serves more than half of the lems from a renter’s perspective, but we
U.S. property owners on the National didn’t know anything about what the
Multifamily Housing Council’s top transaction looked like from the other
50 list. Back in 2014, 20-something side. So we started talking to property
Our mission is co-founders Demetri Themelis and Tom managers—bigger companies, and then,
to spread joy—and to Petry quit their finance jobs because they like, my aunt who owns a duplex. We
saw an opportunity to bring cutting-edge kept hearing the same thing: “We know
put out more technology to real estate. But as outsiders the problems exist—we just don’t have
positivity into the to the industry, Themelis explains, they the technology to fix it.”
had to get creative. We started building software, but we
world. —as told to kevin j. ryan realized we needed more exposure to
potential customers. You can take pouring in. Another night, I messed up We built a product and signed up
Spanish class in high school, but if you while evacuating the RV’s waste system some companies while we were in beta.
really want to learn, you should move to and foul water splashed all over me. The But we soon realized everyone in this
Guatemala. So we said, “Let’s get on the people watching at the dump station industry meets one another at confer-
road and accelerate the learning curve.” were crying laughing. I ended up basi- ences, which are expensive to attend for
Total immersion. cally taking a bath in hand sanitizer. a small company. We signed up for the
The two of us rented a Winnebago In all, we met with hundreds of next big one, and the cheapest entry we
and went on a three-month, 10,000-mile property-management companies. Some- could buy cost $5,000. We didn’t even
tour through every major city west of the times they were cold drop-ins. We’d invite have a marketing budget at the time, and
Mississippi. It was an adventure. Back- them into the Winnebago for Cheez-Its all we got for that was a little spot in the
ing out of our driveway on the first day, and a cold beer and to talk business. We hallway and a small folding table. We
we bumped into a low-hanging tele- spent months learning everything from couldn’t access the trade show floor,
phone wire that ripped off a piece of the their perspective: how they communicate much less the big pavilions.
roof. Of course, we didn’t know that last with renters, what the rental journey Still, we were super excited. Then we
part until a stormy night in Boulder, looks like, where we could streamline started getting invitations from our com-
Colorado, when suddenly water started things for the property manager. petitors to all these super lavish parties
443
many of them were structurally bank-
rupt—and, through no fault of their
own, they were going through a once-
No
in-a-lifetime event.
We needed the absolute highest-
quality pool of workers. So we focused JENNIFER YEN
on profile hiring—finding people who
had done empathetic, customer service- YENSA
oriented work before, who had done
THREE-YEAR REVENUE
high-end hospitality and would under-
GROWTH: 1,107%
stand the psychology of management in
that moment.
For a typical call center job, we con-
duct trainings a couple of times a week.
For the PPP call center, we often did With her first beauty brand, former Power On the other hand, I took on a lot of risk
trainings six times a day, with quizzes, Ranger actor Jennifer Yen didn’t hit the and debt. I had no buyer and no experi-
video recordings, and learning modules. mark she’d set for herself in representing ence. We launched in January 2008 and
We definitely screened workers who the Asian beauty traditions she’d learned gained a little traction just before the
got into shifts and turned out not to be from her mother and grandmother. Thanks recession. I wound up losing the condo to
as qualified as needed, and we had to to critical advice from the buyers at QVC, foreclosure, but I hung in there with
quickly recalibrate. We listened to calls, and a little postpartum Chinese wisdom Purlisse, because people loved our prod-
especially of those in their first 20 hours from her mother, Yen pushed the reset but- ucts. We eventually rebuilt our sales by
or so on the job. But at that scale, you ton with Yensa. Here’s what happened partnering with beauty-sample subscrip-
had to abandon the principle of zero when the fledgling, L.A.-based beauty tion service Ipsy, which led to growth on
errors and look instead at how fast you brand earned Yen a golden ticket to appear our site and on Amazon.
could remediate and adjust. For instance, live on QVC—with eight minutes to make In 2014, when I’d given birth to my
we quickly realized the volume of con- or break her. daughter, my mother came to stay with
tent was just so high and very numerical, —as told to marli guzzetta me to “sit out the month,” as it’s known
so the job was not just about listening in Chinese tradition.
but also about holding numbers in your Once upon a time, I was the evil villain- She prepared soups and beauty prod-
head. We had to start screening candi- ess Vypra on the TV show Power Rang- ucts for me with Chinese superfoods like
dates specifically for memory. ers. As a young actor in my 20s, I didn’t black mushrooms, black chicken, black
It was a tough week. The first two or realize how damaging heavy TV makeup rice, and black chia seeds.
three nights we went live, I didn’t sleep could be to my skin. So I took some of the My skin looked great, my hair looked
much. It took about two more weeks for money I’d made on the show and equity great, and I felt energized. I started to
the whole thing to feel in control. from my condo—which I do not suggest think again about the wisdom of ancient
The thing about crises is that at least doing—and started a beauty brand based Asian beauty and health rituals and
you’re clear on what is important and on Asian traditions I’d learned from my building a new brand.
what isn’t. It was one of the more electric grandmother. By that time, I’d seen the rise in social
moments for us as a company—we were But there was a catch: Twelve years media, the rise in subscription businesses
all hands on deck. Everyone knew it was ago, I didn’t think America was ready to and e-commerce, and the growing
one of the most important things we’d do embrace the amazing things about Asian demand for Asian beauty products—it all
together as a team. This experience made beauty culture, and I didn’t have the social made a clear path for building brand
us, as a company, more willing to say yes, media tools or skill to get my story out awareness and distribution on my own
because we knew the max that could be myself. I gave the company a French terms. Plus, I’d recently run into some of
done—but also because it reoriented the name, Purlisse, and traditional Western the QVC buyers at a trade show in Las
“why” for us. Q branding. I was playing it safe that way. Vegas and pitched Purlisse for TV. QVC
How I Hit Rock Bottom–and One evening in 2015, I got onstage at the
monthly Ann Arbor New Tech Meetup,
W
the screen and saw a message: “From
Jennifer Vichich: Are you coming with
300
me to therapy tonight?”
No I was mortified. Half the people were
aghast and felt terrible for me. Half were
awkwardly laughing. I said, “Everyone
here who has started a company knows
MIKE VICHICH that it’s hard. I’m happy to say my wife
and I can be open and honest about our
WISELY
issues. That’s how we get through them.”
THREE-YEAR REVENUE I walked offstage feeling semi-
GROWTH: 1,542% euphoric. I’d been real about the struggle
that comes with this work. It was the
moment I realized it isn’t authentic when
people talk about how much they’re
“crushing it.”
While he was creating Wisely, an Ann tom—even though admitting weakness A former Accenture co-worker and I
Arbor, Michigan-based software plat- doesn’t square with the chest-beating launched our company in 2012. It was
form that allows restaurants to build ethos that dominates much of America’s called Glyph back then—we used trans-
stronger relationships with their custom- startup culture. Now that Wisely’s path action data to help people find their
ers, Mike Vichich hit some painful lows. has finally reached the fast-growth stage, ideal credit card—and there were a mil-
In that regard, he’s far from alone. When- Vichich finds himself taking on a new lion reasons why it wasn’t viable. It just
ever Vichich shares those stories, he says, mission: making entrepreneurship more took us about a year to realize that. We
other entrepreneurs will often come back vulnerable. rebranded as Wisely and pivoted to a
with their own tales of hitting rock bot- —as told to cameron albert-deitch concept that we called Better Yelp, which
P H O T O G R A P H B Y LY N D O N F R E NC H ● SE P T E M B E R 2 0 2 1 ● I NC . ● 1 39
also used transaction data, this time to Bartaco restaurant location in Port on the backs of customers, and now we
recommend bars and restaurants. The Chester, New York, on Labor Day 2016. see a path to hitting $100 million in
app gained some traction, but not It went well enough that the rest of annual recurring revenue within the
enough. We needed to pivot again. Bartaco’s locations signed on. Then we next three to five years.
One restaurant owner told me: “The signed their sister company, Barcelona It’s still a slog. But whenever I tell
last thing I need is another app to man- Wine Bar. Those two brands gave us a these stories to other entrepreneurs,
age my presence on. What I would love modicum of street cred—which helped they’re like, “That makes me feel so much
is to know when my regulars walk in.” us sign another brand, and another one, better! I’ve gone through similar stuff.”
So, in 2015, we built a customer loyalty and so on. Chest-beating isn’t good for entrepre-
program. We signed up 30 restaurants Since then we’ve grown organically neurship. Vulnerability is. Q
and about 10,000 people in Ann Arbor,
and we concluded it might work at scale,
so we took it to New York City. If it
didn’t work there, it wasn’t going to
work anywhere.
In the middle of winter, while my wife
How I Pivoted to a Lonely Path
was pregnant, I took a 6 a.m. flight to
New York on a Monday morning and
spent the next three days walking into
restaurants and trying to sign them onto
this loyalty app. On Thursday, I flew
268
home, and then I flew back the following
Monday to do it again. I did that for four No
months before we ran out of cash—and
again, before we got enough traction.
Over a period of years, we’d devel- ANDY RUBEN
oped a belief that we would one day
figure it out. We were relentless about TROVE
believing that. Then we had to confront
the reality that it didn’t behoove us to THREE-YEAR REVENUE
believe our own bullshit. GROWTH: 1,744%
We tried to sell the company. There
were no takers.
I vividly remember going to bed one
night thinking that I’d lost our investors’
hard-earned money. Two angel investors
had put a couple million dollars into
Wisely over the span of a couple of years, For its first few years, Andy Ruben’s com- every day, ready for someone to say,
and I drifted off to sleep imagining the pany was called Yerdle, and it was an online “Andy, I want to find a few minutes of
conversations they were having with their swap meet. It did fine—not great, but fine. your time.” Really they were saying,
families. “You put how much money into Ruben had a gut feeling it could be better, “I’ve found another job. I’m leaving.”
that company that died?” I woke up in the but the rest of the company didn’t agree. I had that conversation 20-something
middle of the night having peed the bed. Dozens of employees left, and Ruben con- times.
There’s no silver lining to that one. It sidered stepping down as CEO. Left with a When we started Yerdle nine years
was an incredibly stressful time. skeleton team, he pivoted the Brisbane, ago, the idea was: Post something for
As a last-ditch effort, we switched to California, company—now called Trove— someone to borrow, and look for some-
a B2B model. We started with a very to become a platform that allows top thing you need to borrow yourself. We
simple waitlist system for restaurants. brands to resell returned products. The eventually had more than a million
When you join our waitlist for a restau- move paid off, and revenue took off. The real members on iOS, Android, and desktop.
rant, we want to know whether you’re a test of a fast-growth entrepreneur, Ruben As a founder, you’re so close to the busi-
regular there. We want to remember realized, is recognizing when your com- ness. You know when it’s really working,
what foods you like and dislike, the kinds pany is stuck in that space between success as opposed to when the metrics look good.
of details that can help restaurants offer and failure—and doing something about it. You also know when it’s not working, when
you better hospitality. Shockingly, no —as told to cameron albert-deitch it’s time to raise more money, when it’s
other waitlist system out there did that. time to sell. If you pay attention, you’ll have
We got the first version shipped to a During our pivot, I’d walk into my office good gut instincts.
People would say they loved us, but to sell the company. There were busi- acting like everything was fine—but
then they’d never use the platform, nesses with more scale that could really people sensed it wasn’t. There were a
which wasn’t personalized or well address our challenges. lot of questions. As a leader, it was one
curated. I would hear from brands like I was excited about the buyer that of my darkest times.
Patagonia, “We love Yerdle, but we emerged. I spent time with their execu- We went from around 60 people to
really wish our items weren’t next to tives, we talked numbers, and things five of us.
dishwasher parts.” were a go—until one presentation where I remember a lunch in San Francisco
Four years into running this company, I really messed up. We didn’t go into with two board members. We each
I just knew it wasn’t right. depth about the things we had built and brought an idea for how to save the
The hard part is that when you’re instead talked about what I wanted to company. I proposed working directly
doing something new, you really don’t build next. with brands to resell their used goods,
know whether it’s hard because you The acquisition fell through. which is what we do now.
don’t have the right model or because We went after another potential We sublet most of our office to a dif-
it’s never been done. I started telling buyer. That deal fell through too. We ferent company and launched Trove
board members, “I’m concerned this actually got a third bite, but I decided from a couple of conference rooms with
isn’t going to work.” The board had ques- not to travel to meet with them. I’d been no cash flow and no clients for our new
tions: Why do you think that? Are you disappointed twice, and I just didn’t model. To persuade Eileen Fisher to
just tired? At one point, I considered want to do it again. work with us, I literally sat outside their
stepping down. Eventually, we decided All along, inside the company, I was office and kept changing my plane
P H O T O G R A P H B Y DR E W K E L LY ● SE P T E M B E R 2 0 2 1 ● I NC . ● 1 4 1
ticket until the right person walked out. We started with three brands— to nine clients, including Lululemon
With Patagonia, I heard that one of their Eileen Fisher, Patagonia, and REI—and and Levi’s.
executives was going to a trade show in we spent the next three years working We still have the same core mission
Utah, so I went to the airport and got on only with them. Doing so allowed us to that Yerdle did: using technology to
a plane. I didn’t even go home to pack. really build out the circular shopping enable things to be repurposed. But now
I talked my way into the show, found the experience, from processing returns to we have 300-plus employees, and we’re
executive, and convinced her that revaluing used items to reselling them on track to double revenue this year. I
we were the right choice. in branded online stores. Now we’re up have a good feeling about it. Q
GOOD KARMA
Kim Lewis recognized
an unmet need for
women of color, so
she and husband Tim
created CurlMix.
Grateful customers
later came through
for the Lewises when
it counted.
1 4 2 ● I NC . ● SE P T E M B E R 2 0 2 1 ● P H O T O G R A P H B Y L AW R E NC E AGY E I
How We Cooked Up a emailed asking us to send it to them
ready-made, because it’s a real pain to
do yourself. You have to boil flaxseeds,
Business–and Turned and it’s really hard to separate the seeds
from the gel. It’s gooey. We started going
Followers Into Funding to manufacturers to see if they would
make it for us, and even they didn’t want
to. My adviser was like, “Why don’t you
just figure it out?”
Tim Kim was seven months pregnant.
93
She spent a month in the kitchen and tried
No 50 different batches to get the product
right. We sent a presale of 60 bottles to
our email list and sold out in minutes. We
did another round and sold out that one,
KIM LEWIS & TIM LEWIS
too, and then another. We just knew that
CURLMIX we had something people wanted.
Kim We were the first ones, to our
THREE-YEAR REVENUE knowledge, to mass-produce shelf-
GROWTH: 4,149.7% stable flaxseed gel by boiling real flax-
seeds, extracting the gel, and then putting
it in a bottle.
Tim We went from $3,000 to $30,000
in sales within three months, and we
were like, “We gotta get out of our
kitchen!” We found a commercial kitchen
Kim Lewis launched her first business, a curly hair, I started mixing things at and started growing twofold, threefold
social network for women with curly hair, home. Many of us were doing that. month-over-month, until we hit our first
with money her husband, Tim, won on Tim She would spend hundreds of six-figure month. Within a few days of
Who Wants to Be a Millionaire. Luck? dollars at Whole Foods and then hours that, my aunt called to tell us about a
More like strategy. After seeing him rip making products that might not work— Shark Tank tryout the next day. We
through question after question while and leave me with the dishes. couldn’t find a babysitter; we worked
bingeing on old episodes one night, she Kim We launched CurlMix as a DIY overnight to get a pitch ready.
got him booked him for a tryout and a box, like Blue Apron for hair. It included Kim It was a casting call at the Uni-
trip to New York. On the show, he locked prepackaged, organic raw materials— versity of Illinois at Chicago, and the
in the $25,000 they needed for seed flaxseeds, guar gum, hemp seed oil— baby started crying in the middle of our
money and bowed out after correctly along with an instructional video. We pitch to the producers.
answering the $100,000 question. Kim sold $130,000 worth of kits the first year Tim We thought we bombed, but they
quit her job the following Monday. The and $140,000 the second, but I felt like were like, “Oh, we love your story! Kim
startup failed, but it inspired her follow-up subscription boxes should have been and Tim—your names rhyme. That’s so
beauty brand, Chicago-based CurlMix, snowballing. cute! High school sweethearts!” They
and taught her how to build a committed That’s when I started looking at my just ate it up. We filmed for Shark Tank
following. She didn’t know then how customers—what do they actually want? in September 2018 and ended up getting
crucial that last part would be. It was our flaxseed gel. People had past a million in sales that year.
—as told to eric hagerman Kim We got an offer from Robert
Herjavec for $400,000 for 20 percent
Kim If you’re Black in America, when you equity. I didn’t want to give up more than
go into the office, you alter your hair to 15 percent of my business, and Robert
avoid discrimination. Black women “My goal is to build the would not negotiate. We turned it down.
grow up wearing chemical relaxers that first Black-woman-owned It’s one of the hardest things I’ve ever
straighten and damage our hair so we done—second to natural childbirth.
can fit in. By 2010, my hair had begun beauty conglomerate Tim We started with the flaxseed gel,
falling out, and I asked Tim to shave it traded on the stock but we built on products as we needed
all off so I could let it grow back natu- them, and each time we launched, it was
rally. Because I didn’t trust the ingredi- market.” with a lot of customer approval. For a
ents in existing products dedicated to long time, Kim would livestream to our
128
started reviewing radiology reports. We
No found 10 times that amount—100 people
per month who needed a follow-up, and
the hospital had no idea. We’re talking
about an 80-bed hospital.
AKI AL-ZUBAIDI
Once we began following up with
EON these patients, I started diagnosing lung
cancer much earlier compared with
THREE-YEAR REVENUE my peers. That helped patients live
GROWTH: 3,131% longer, and all we were doing was ana-
lyzing this unstructured data that was
in a dark abyss.
In 2014, I hired a data scientist from
Wall Street and put together some
models to help drive better care manage-
ment of patients with these incidental
Aki Al-Zubaidi was an interventional for a wide range of diseases and, when findings. We created a mechanism to
pulmonologist in Colorado who’d become necessary, getting them in for additional identify those findings with superior
fed up with the U.S. health care system. testing. —as told to graham winfrey precision that doesn’t require a human
Specifically, he was shocked to find that to review each positive finding manu-
hospitals weren’t tracking patients who’d In 2012, I was the director of the pulmo- ally in a report. But I still needed help
had incidental pulmonary nodules turn nary department at a small hospital in with business development, so in 2015,
up in scans; left unchecked, the small Colorado, and I was pissed off. I had I asked Christine Spraker, from
growths can develop into lung cancer. In trained my whole life to become a Medtronic, to join the company. I was
2015, Al-Zubaidi created patient- physician, only to discover that health her client and she was interested in our
management software to flag the tissue care fails at something that should be results. She’s now my co-CEO.
abnormalities in medical records and really simple. It happens all the time in We were slogging along, cold-calling
then automatically notify both patient medicine that when you have a test doctors and selling one hospital at a
and doctor about the necessary follow-up administered at a hospital, you find time, when Hospital Corporation of
exams. Six years later, Denver-based Eon something abnormal that isn’t what you America was looking for a partner to
is expanding its tracking system to all were looking for. But hospitals don’t help it with lung cancer screening and
manner of documented abnormalities, ensure that patients with documented incidental pulmonary nodule manage-
with the aim of capturing patients at risk abnormalities receive the appropriate ment. There’s a lot of complexity around
getting data-driven software to behave from Chancy and Zach Love, whose our company, they couldn’t use that
properly in health care across different extended family is a part owner of the against us anymore.
environments. If HCA chooses a vendor Colorado Rockies baseball team. We’ve shown that we can improve
and the vendor has success, everybody They’ve had family members who were patient care, so now we’re expanding
else will use that vendor. I said to affected by lung disease, so they have a our software to work with every abnor-
Christine, “Let’s throw a hail mary, stop passion around making sure pulmonary mality that needs a follow-up. Eon
selling anybody else, and focus on get- patients get identified and treated literally brings in more patients who
ting HCA.” We won HCA as a client and appropriately. Cuban followed on that show up for their appropriate tests. It’s
sold our software in a big chunk: 100 investment and invested himself. the best initiative for hospitals to grow
hospitals. It was the first time we signed Once Mark and Chancy and Zach got financially. All they have to do to make
up more than one hospital at a time. involved, it gave us a lot of credibility. more money is do the right thing for the
I had emailed Mark Cuban trying to At the time, a competitor was telling our patient. We need to find more solutions
get him to invest in the company at least potential clients we were a mom-and- like that in health care. If we can figure
15 times, but he had always declined. pop shop that would go broke within one that out, patients are actually going to
Then, in 2017, we got an investment to two years. When a billionaire backed have a chance. Q
P H O T O G R A P H B Y C A L E B S A N T I AG O A LVA R A D O ● SE P T E M B E R 2 0 2 1 ● I N C . ● 1 4 5
SLOW AND STEADY
Cassandra Morales
Thurswell started
building her
accessories empire
by handmaking
hair ties and selling
them to retailers
door to door.
From a Single Perfect Hair Tie ber thinking, “OK, I have my money and
my abilities. Now, who am I making
products for? Who am I?”
I think when people dream about
being in fashion, they dream about being
wild visionaries who change the industry
and get full-page write-ups in fashion
magazines. I’ve always thought about
370
where I shopped and where I grew up.
No I’m from a small Wisconsin town
of 2,000 people. I wanted to make prod-
ucts for the people I know, people I can
relate to. That’s where I set my sights.
CASSANDRA MORALES
I thought about that customer and I
THURSWELL wondered: What’s fun for them to buy
KITSCH on the regular? What do they reach for
every morning?
THREE-YEAR REVENUE The answer was simple: a hair tie.
GROWTH: 1,304% I started handmaking hair ties at
home, and then selling them door to door
at boutiques and trade shows. I made sure
they were easy on your hair—no snagging
your hair or bending your ponytail—and
also cute to wear on your wrist.
In 2010, Cassandra Morales Thurswell worked with wires and fine materials. Ulta, one of our biggest customers
launched her $87 million beauty brand, Los When they sat me down at a jewelry and the client that made us, started out
Angeles-based Kitsch, with a simple hair bench, it was all second nature to me. as a cold call. We called a buyer I know
tie and a knack for divining the emotional Working for private labels, I learned there and said, “Hey, are you going to be
backstory behind even the simplest pur- about how retailers think about prod- at Cosmoprof?” We couldn’t afford a
chases. She’d already learned the funda- ucts, how they follow trends. Hot Topic booth, but we took her to lunch just
mentals of product development creating wasn’t my aesthetic, but it was my favor- outside the beauty trade show in Las
private-label jewelry for brands like Hot ite client to design for, because I loved Vegas. She gave us a chance, and that
Topic and Nordstrom. While so many of her hearing how the brand talked about its turned into an end cap, and then two feet
CPG peers scrambled to blitzscale like tech customer and what she’d want to wear. of retail space, and then four and six.
startups, Morales Thurswell’s slow and Sitting at the bench, making jewelry, Working in private label prepared me
steady approach turned out to be the secret I realized two things: One, I’ve never exceptionally well to run this business. I
to skyrocketing growth. been much of a jewelry person. (My learned how to make a profit margin, how
—as told to marli guzzetta husband and I have been married eight to create a vendor manual, and how to
years, and I love him, but I don’t even scale product. I learned quality control
I grew up in the Midwest, and my step- wear a wedding ring.) Two, I realized I procedures and how to source factories
dad was an orthodontist; he gave me an just really loved serving people. I loved and find ethical manufacturing and
allowance for making retainers in the listening to people and making beautiful distribution.
garage. So there I’d be, out in the garage products by hand. I took all of that strategy from retail-
in the middle of winter, with the genera- ers and used it for our infrastructure, but
tor blasting to keep the heat on, bending I took a different path. My approach to
wires and making acrylics, putting pink building a business has been slow,
glitter into things. I love adding an “I’ve always felt thoughtful, and purposeful. Design
aesthetic to something to make it special. development has been one of our easier
One of the first jobs I applied for out strongly that you really areas, because it’s happened so naturally.
of school was at a private-label jewelry have a business Our hair ties led to hair towels, which led
maker for brands like Forever 21, Urban to the shower caps, which led to some-
Outfitters, and Nordstrom. When they if you have a thing else, which led to something else.
asked if I had experience making jewelry, repeat customer.” I’ve always felt strongly that you
I lied and told them I did, because I’d really have a business if you have a
P H O T O G R A P H B Y A L LY G R E E N ● SE P T E M B E R 2 0 2 1 ● I NC . ● 1 47
repeat customer. I never want our cus- And that’s really been the story of the beaker and a coffeemaker—to convert tap
tomers to have buyer’s remorse. company. Ours is different than the fast water and capsules containing salt water
Maybe a customer has $20 to spend in-fast out strategy. Parts of our business and vinegar into this incredible product
and that’s it. If she spends $8 of that on are really fast: our customer service, our called electrolyzed water. In fact, elec-
our products, I want her to feel it was well shipping. But you need the time to build trolyzed water has only two ingredients:
spent. I think about how she shops, how the infrastructure, so when the orders do sodium hydroxide, which is a cleaner,
she uses the product, how she feels. How come in, you’re able to sustain them. We and hypochlorous acid, a mild form of
does the product look to her on the card? emphasize organic evolution and not be- chlorine that disinfects and deodorizes.
Does it feel like a gift to herself? ing in a rush. There are no harmful chemicals, and it
I could spend 45 minutes talking about I think “slow and steady” is a does no harm to the environment.
what makes our products special. compliment. Q We launched in April 2016, and nurses
bought our product. Chiropractors’
offices bought it. Parents started taking
the product to their workplaces.
And then things got a little hairy. We’d
How My Company Turned Tap been on the market just six months when
we got a letter from the Environmental
Water, Salt, and Vinegar Into a Protection Agency saying, “You’re illegal.”
The EPA is in the business of regulating
Serious Covid Killer toxic products in jugs. Then we came
along with a product that the customer
makes at home, a product they’d never
faced before. Nothing in our product is
405
toxic; it just didn’t fit their regulations for
cleaning products. So the EPA simply
No concluded we ran afoul of the regulations.
Turns out, you can say you are a
cleaner and a deodorizer, and you’re fine.
SANDY POSA As soon as you claim to be a disinfectant,
the EPA gets involved.
FORCE OF NATURE In response, we took all claims of
disinfectant off the product and called it
THREE-YEAR REVENUE
a cleaner and a deodorizer. We kept sell-
GROWTH: 1,192%
ing on our site and through Amazon
while we went through the EPA
approval process for two years, which
was time-consuming and costly.
When you’re the first to market with
a unique idea, time is really important.
You know the competition is finding you
Force of Nature was ready to take on the do at Force of Nature, which is both and working to catch up. We feared we
chemical cleaning industry in 2016 with a cutting-edge and very simple. were losing our advantage.
novel, environmentally friendly technology. After retiring from running big con- At the time, we thought it was handi-
As sales picked up six months in, a note sumer businesses, my seven co-founders capping our growth. Later, we would
from the Environmental Protection and I started looking for industry-chang- realize, this exchange with the EPA
Agency slowed the Westford, Massachu- ing tech. In 2007, I discovered a startup would prove to have an upside.
setts, company’s growth for three years. that developed an industrial cleaning We also redesigned the product so that
CEO Sandy Posa feared the company would product with electrolyzed water. So we the process of making the electrolyzed
lose its first-to-market advantage, but the put a team together to take the indus- water offers a better show for nine min-
intervention proved fortuitous, preparing trial electrolyzer idea and adapt it into a utes, with lights going off as the solution
the brand for its next big challenger: consumer product you could sell for $50, bubbles. It was designed to catch eyeballs
Covid-19. —as told to marli guzzetta and Force of Nature was born. on social media, where we did 90 percent
The technology isn’t new, but it’s new of our marketing in the early stages. One
We like to say we are the SodaStream of to a lot of people. Force of Nature uses of our biggest tasks in selling this product
the cleaning business. It’s an easy way to an electrolyzer—ours is a little 12-ounce is educating people on what it does, so a
explain the technology behind what we device that looks like a cross between a little bit of showmanship helps.
By the time we started the redesign which became a clear marker for con- ing in North America shortened the
process, we knew we were on to a really sumers. So it was a real advantage for us. supply chain during the pandemic.
good product. We patented our electro- We wouldn’t have had that if the EPA When demand began to outstrip sup-
lyzer and registered our capsules with hadn’t flagged us in the first place. ply, we throttled down paid-search and
the EPA (but not the device; technically, When people started searching for advertising, but organic search for our
the agency views the salt water and Covid cleaners online, they found us. product still kept rising. In three months,
vinegar as the active ingredients.) And Most of our referrals came through we saw 10-fold growth, and it took us six
it all finally came together in the Google, Facebook, and Instagram. weeks to manage that demand. We
summer of 2019, which is when we Our SEO teams were quite good at posi- wound up at sixfold year-over-year.
relaunched with our new design. Our tioning us. Looking back now, our early run-in
fourth-quarter sales saw a little traction, We were in stock and were able to with the EPA was a handicap at the time,
but it was nothing compared with what react quickly in part because, early on, but it ultimately yielded the messaging
was coming. we decided not to produce in China. The we needed to help people during the
In March 2020, when the pandemic supplier we chose manufactures around pandemic. Today, the issue is finding
hit, the chemical world ran out of stock the world, and we opted to use its capital to grow the business, because it
overnight. Companies made all sorts Mexican facility. We also assemble our requires a pretty big marketing budget
of false claims about what their products medical-grade capsules here in the U.S. to educate people. But we think what
could do. Electrolyzed water kills (We use medical-grade capsules to make we’re explaining is the future of the
Covid-19—and we had EPA approval, sure every drop gets out.) Manufactur- cleaning industry. Q
53%
of business leaders expect to
and doing really well.
Insperity. They’ve really
some great new talent.”
Jonathan Holmes
Co-founder and partner
No one can deny how difficult the past year has been for
Mighty 8th Media
everyone. The COVID pandemic hit us hard in our personal N0. 4015, 2020 Inc. 5000 Honoree
and business lives. But as the tide begins to turn, business
leaders are remarkably optimistic about their prospects for
the immediate future.
C R E AT E D B Y I N C . ST U D I O ; C O M M I S S I O N E D B Y
While businesses are always faced with challenges, COVID-19 truly put
couple of years; we’re growing business leaders to the test. Resilient business owners have found creative
It’s all due to our team—and ways to rise above the chaos, finding ways to keep their businesses healthy
helped us bring in and retain and buoyant. The key to the survival and success of these companies is an
understanding of the critical role HR plays in taking care of their people
and adapting to change.
57%
cited recruiting and
When it comes to this commitment to success, it’s tough to match the small
and midsize businesses (SMBs) that responded to Insperity’s 2021 Business
Outlook Survey. Here’s what survey respondents, customers, and executives
have to say about the year ahead. The survey presents a stark contrast between
retaining talent as a how business owners felt in March 2020, at the very outset of the pandemic,
top HR concern. and April 2021, when they could begin to see the light at the end of the tunnel.
C R E AT E D B Y I N C . ST U D I O ; C O M M I S S I O N E D B Y
35% of business
leaders expect to increase
compensation levels for
their employees in 2021.
This is a far cry from
“
“We expect to become one of the
largest companies in our class. HR and
our growing workforce play a key role in
that, and Insperity is the cornerstone of
our remote work model.”
Gabriel Apodaca
CEO
March 2020 when only NearShore Technology
No. 3883, 2020 Inc. 5000 Honoree
5% expected to increase
compensation levels.
The No.1
organizational concern leaders
have for their businesses in
“Without Insperity, we would not
have the competitive employee 2021 is driving growth (62%).
offering that we have today.” Back in March of 2020, by
Tom Palombo far the biggest concern was
President
The InStore Group
getting through the economic
No. 2707, 2020 Inc. 5000 Honoree slowdown (82%).
Founders’ outlook for their businesses was an impressive 86% reporting they
were optimistic for business prospects the remainder of the year. Contrast that to
March 2020, when the optimism level was 48%.
Tim Brown
CEO
Evolve BioSystems
C R E AT E D B Y I N C . ST U D I O ; C O M M I S S I O N E D B Y
HR that drives growth
Following a year of unexpected changes
and challenges, Insperity continues to
support the companies we serve to make
the impossible seem possible again.
We help take care of your day-to-day
HR needs so that you can focus on
growing your business.
FULL-SERVICE HR
EMPLOYEE BENEFITS
HR TECHNOLOGY
Participate in
our business
outlook study.*
Presenting Sponsor
FULL-SERVICE HR
EMPLOYEE BENEFITS
HR TECHNOLOGY
Presenting Sponsor
1
RANIL PIYARATNA &
GEETESH GOYAL
HUMAN BEES
THREE-YEAR REVENUE
GROWTH: 48,345%
1,180
HOW THEY HAVE JAN FEB MAR APR MAY JUN
SUSTAINED THEIR
BUZZ THROUGH 3,000
AVERAGE THE PANDEMIC 2,900
HOURS AS COVID RAVAGED the U.S. 2,800 2020 U.S.
OF WORK economy last year, it decimated the 2,700 TEMPORARY
HUMAN BEES staffing industry: From February to
2,600 EMPLOYEE
ESTIMATES July 2020, temporary employment
IT SAVES shrank more than 20 percent. Over 2,500 PLACEMENT,
that stretch, Human Bees increased
CLIENTS its placements by 134 percent.
2,400 BY MONTH
WEEKLY A key reason: It never closed its 2,300
doors. “We supported clients like 2,200
NUMBER OF EMPLOYEES IN 1,000s
%
Bees is worth five to six times its sales, double the multiple of many staffing
company officials like to tell the
tale of account exec Steven competitors. So it would be valuable simply to take over smaller hives, and
worth even more to make them fly smarter. “We’ve grown so much that
Robinson, who ran into his old
10-yard passes don’t do much for us,” says Goyal. “Diving a lot heavier into
high school baseball coach
an acquisitions model is where you’re already getting to the 50-yard line,
three years ago. Upon learning
and then giving them better operational efficiency.”
the man was a manager at
All of which explains why Goyal today radiates an optimism that, given
FedEx, Robinson pitched him
his company’s recent performance,
on Human Bees and landed
a follow-up the next day, and seems almost justifiable. “I’m not
PORTION OF CLIENTS that worried about the apocalypse,”
ultimately a partnership at
he says, “because the apocalypse
HUMAN BEES OBTAINS Oakland International Airport.
sort of happened a year and a half $???
Today, Human Bees is the top
THROUGH REFERRALS supplier of contract workers
ago. And we thrived through it.”
to FedEx in Oakland and L.A.
2021
JUL AUG SEP OCT NOV DEC
$52,011,050 104
(JULY)
HUMAN BEES’
ANNUAL 2020
REVENUE AND
EMPLOYMENT
85
$24,101,532
2019
2017
Employees 35
$13,155,862
10
2018
$107,361
Human Bees 16
I L LU ST R AT I O N S B Y T. M . DE T W I L E R ● SE P T E M B E R 2 0 2 1 ● I NC . ● 1 59
THE STAR
TREATMENT
“I could be moving
anybody, and I would
treat them the same
way I’d treat a Hall
of Famer,” says Chris
Dingman. “Don’t
ask questions, tell
them what you’re
going to do, exceed
expectations, and
move on to the next.”
212
CHRIS DINGMAN
THE DINGMAN GROUP
THREE-YEAR REVENUE GROWTH: 2,530%
ONThe
LOCATION WITH .
Company That
.
Beams Pro Athletes
From One City to the
Next—and the Next
and the Next
C
Chris Dingman was chewing on
an escape plan from Taco Bell
corporate when he found himself
at a USC football game seated
near the wife of then-coach Pete
Carroll. She was talking with other
coaches’ wives about the strain of
relocating, and said she’d moved
30 times.
Wait—was she joking? And
was there no company to help
pros and their families with the
headaches of uprooting their
lives so often? Nope. When Dingman got laid off soon thereafter,
he drained his 401(k) and in 2007 founded the Dingman Group,
a one-stop relocation shop for players and coaches in the NFL, the
NBA, the NHL, MLB, and MLS. A player is signed, a coach is replaced,
or some other transaction occurs virtually every day. “Most likely,”
says Dingman, “it involves a relocation.”
After a decade of return clients and word-of-mouth growth,
Dingman scored his first NFL franchise, moving the Chargers from
San Diego to Los Angeles in 2017. The Denver-based company posted
$5.6 million in revenue in 2020, and keeps adding services—and now
it even handles game-day logistics for visiting teams. —SOPHIE DOWNES
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POWER
ROSIE MATTIO
Founder
Mattio Communications
“It was entirely jumping
on this growth industry.
I wasn’t going for the
weed publications—
which are great—I was
going for mainstream: JONATHAN PROPPER
The New York Times and Founder and CEO
Vogue and O, The Oprah Dropps
Magazine. Now, we’re the “We did a video called
largest firm in the space.” The Naked Truth
Mattio’s New York City
About Laundry. We
firm, a marketing services thought, what can we
provider for cannabis
brands and lifestyle do that big laundry
companies, is No. 190 on won’t do? Take off
the 2021 Inc. 5000.
our clothes to make
a point. Since that,
we’ve had 18 straight
3.1M
quarters of growth.”
The video made by the
Philadelphia-based
Number of jobs created by ecofriendly home care
products company (No. 289,
startups in 2020 that were
2020) has 2.2 million views.
less than one year old
CONTINUED ON PAGE 169
Baltimore-based
IT and operations
support services
business LaunchTech
(No. 66, 2021) had
$6.5 million in 2020
revenue and a
5,682 percent
three-year
revenue
Our decision to pursue growth
rate.
work with federal
SRIDHARA agencies was a game-
GUTTI
changer for us. In 2014,
Essnova several other businesses
Solutions entered our line of work
A provider of a
range of technology and diminished our
and programmatic
services for competitive advantage.
government
and commercial
clients, Gutti's
Switching gears helped
COURTESY SUBJECTS (3)
Birmingham,
Alabama, firm was
us diversify our
No. 163 on the
2020 Inc. 5000.
business model.
CONTINUED ON PAGE 172
3D Pool-Design Software
Company Hires for Fit
A Corporate Culture Built on Trust
Drives Innovation and Growth
GROWTH • SUSTAINING
ChomChom Roller, a
Bellevue, Washington- AARON MULLER
based maker of
products for cleaning Co-founder and CEO
up pet hair, was No. 62 ChomChom Roller
on the 2020 list, and
this year is No. 211.
“A lot of counterfeiters started
copying our product. In early 2018
we joined Amazon’s Transparency
program, which uses machine
learning to scan listings and remove
suspected counterfeits. Protecting
our brand from trademark and patent
infringers exploded our revenue.”
10.5M
Number of net new jobs created
by small businesses between 2000 and
2019, accounting for 65.1 percent of net We sustained our growth through
new job creation during that period
A/B testing and social media
marketing strategies. I started by
mastering social media growth
and monetization. Then I mastered
Facebook ads. Then YouTube, and then
influencer marketing. I went piece
by piece.
SPECTACULAR
KIM WALSH PHILLIPS SMITH
Founder and CEO Chairman and CEO
Adwizar
Powerful
Professionals In addition to
“We focused all of our his social media
monetization
product offerings on one company Adwizar
right-fit client so that (No. 262, 2017),
Smith founded
all of our promotions, social media training
marketing, programming, platform Spectacular
Academy. Both are
and customer support in Los Angeles.
could go deep within that
same niche.”
COURTESY SUBJECTS (3)
STEVE BAINES
Founder, president, and chief growth officer
Forcivity
“We started investing in nonbillable
resources like customer success and
customer engagement. Our customers were
just so happy with the work that we’d done
because we genuinely were invested in
their success rather than just trying to get
that next project. It’s become core to our
DNA ever since.”
RYAN HOGAN
Co-founder and CEO Earlier this year,
Hunt a Killer Baines’s company, a
system integrator
(No. 359, 2021),
merged with Saratoga
Springs, New York-
based Jolt Consulting
Group, continuing
to operate under the
Forcivity name.
24%
(No. 6,
2020) makes CONTINUED ON PAGE 179
immersive
murder
mystery
games that
COURTESY SUBJECTS (3)
generated
$27.3 million Increase in business
in 2019 startups between 2019
revenue. and 2020, a rise from
3.5 million to 4.4 million
● INC. ● 175
Awarding
company
cultures
in the face
of adversity.
Virtual by Design
GROWTH • SUSTAINING
Silverback Development is
agency (No. 65,
a commercial real estate
2020) in 2016.
firm headquartered in New
York City.
CONTINUED ON PAGE 183
1.8K
JUSTIN CROXTON CHERYL
Founder GENTRY
Propellant Media
“One of our clients
Founder Number of
wanted a webinar, so
The Atlanta-based and CEO net new U.S.
marketing and
media consultancy Glow Global businesses
we are building out started per day by
was No. 78 on the
a whole course. You Inc. 5000 in 2020 Events women in 2019
have to be really good and is No. 143 “Process review is
this year. It's also
at one thing—but that a two-time Inc. our secret weapon.
Best Workplaces Regardless of how big
doesn’t mean that you honoree (2020,
can’t do another thing 2021). we grow or how fast we
to diversify and bring get there, we can always
more value for your assess, analyze, apply, and
customers.” then rinse and repeat. By
consistently revisiting our
processes and our hiring,
we spot pain points before
KOSMO KHOSRAVI they become problems.”
Founder and CEO
Gentry founded
Kosmo’s Q Glow Global
in 1998. In
2020, the
New York City
event planning
company ranked
No. 145 on the
Inc. 5000.
GAIL BECKER
Founder and CEO
Caulipower
ZAIN SUBHANI
Founder and CEO
Skyline Brands
“I decided that rather
than being a jack of
all trades, I’d try to be
the best at one thing.
From being a general
manufacturer of KABIR SHAHANI
homeware products, I Co-founder and CEO
focused specifically on Amperity
a single category. Today “A venture firm offered us
we can proudly say $28 million. We were doing
we’ve created America’s only a million in revenue
leading line of air at the time. Making that
fryers.” decision to go big was
Palatine, Illinois-based definitely an aha! moment
Skyline Brands (No. about what’s required
387, 2020) sells its
line of Aria air fryers to build a really great,
through Walmart, enduring company.”
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