Archive for the ‘Growth’ Category
# 324
We found out last week that Doba has been included on the Inc. 500 list again this year.
We’re #324 on the list with a growth rate of almost 900% from 2004 to 2007.
Last year we were #23, and I’m way excited that after that period of truly explosive growth, we continued to grow enough for this year’s ranking.
Lots more work to do, however, so I’ll get back to it now.
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# 6 – a.k.a. Last Place
When it rains it pours.
Today, Deloitte announced their annual Technology Fast 500.
The Deloitte Technology Fast 500 is a ranking of the fastest growing technology, media, telecommunications and life sciences companies in North America based on percentage fiscal year revenue growth over five years (2002–2006).
Doba is listed at spot #6 in the 2007 rankings.
You can read more about this year’s companies and see the full list by reading this PDF: 2007 Deloitte Technology Fast 500
And I have a bad feeling that the upwelling of pride that Doba caused in Ricky Bobby yesterday is completely undone with this horrible showing. I’m sorry Ricky for coming in last place. We’ll do better next time.
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# 1
Today is the very day we started Doba 5 years ago. October 22, 2002. So today was a good day to attend the Mountain West Capital Network (MWCN) Utah 100 event in Salt Lake City.
The main purpose of this event is learning the rankings of the top 100 fastest growing private and public companies in Utah. This morning, we found out that Doba was ranked the #1 fastest growing company in Utah based on percentage revenue increases from 2002 through 2006.
Here’s a photo of me and the Doba executive team with the event’s keynote, Utah Governor Huntsman. We even convinced the Governor to give us a big #1 sign.
When I posted about Doba
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#23
I posted back in May about Doba’s growth from 2003 to 2006 of over 3,200%.
Last week, we found out that Doba has been recognized as the 23rd fastest-growing private company in the United States. The 2007 Inc. 500, as revealed in the September issue of Inc. magazine (on newsstands August 28 – October 2), also ranks Doba 2nd in the category of fastest growing software companies, and 5th in growth among companies intending to go public.
When I look back at the past almost 5 years, I always knew we were growing fast. But I didn’t realize how fast. Being ranked in the top 25 of the fastest growing private companies in the country, being the 2nd fastest
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3,206
That number represents Doba’s three year revenue growth percentage from 2003 to 2006. 3,206% It’s a big number. Actually, in terms of business growth, it’s a REALLY big number. What that means is that Doba has undergone extreme (one might even call it ridiculous) growth in the past 3 years.
This week Doba and I were featured in an article in Connect Magazine called The Dilemma of Growth.
The article also talked about fellow Utah entrepreneurs Lovesac (Shawn Nelson) and Omniture (Josh James) . Besides that it talks about Doba, you should read the article as is contains some hard learned lessons about managing growth. I’ve never met Shawn and Josh, but I ought to get together with them sometime to
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