Inc. 500 List Ranks Idea Buyer No. 197 Fastest Growing Company in U.S.
Early this morning, Inc. Magazine released its 35th annual ‘Inc. 5000’ list that features the 5000 fastest-growing, privately-held companies in the nation. Included in the top 500 and a part of the elite ‘Inc. 500’ list, Idea Buyer was ranked at No. 197.
The Inc. 500 award is considered to be one of the most prestigious in business. “It honors real achievement by a founder and team,” according to Inc. President and Editor-In-Chief, Eric Schurenberg. “No one makes the Inc. 5000 without building something great- usually from scratch. That’s one of the hardest things to do in business, as every company founder knows.”
Idea Buyer has been given a rank, beating out many companies with admirable growth, that is worthy of merit. With a three-year revenue growth of 1,192.2%, Idea Buyer was honored as the 197th fastest-growing, privately-held company in the United States. The average percentage of revenue growth for companies on the ‘Inc. 5000’ was 433% and Idea Buyer nearly quadrupled that.
Idea Buyer received additional honors as the 3rd fastest-growing company in Columbus and in the entire State of Ohio. Inc. is calling this year’s list one of the most competitive, and Idea Buyer is grateful to be a part of it.
“Over the past years we have been able to build and implement an innovative formula for the company’s growth and it’s exciting, as the company’s founder, to be able to see that formula be proven,” says Idea Buyer President and CEO, Eric Corl. “Credit for the type of growth we have seen can’t be discussed without acknowledging the team of hard-working people that make up this company. You can have a nice car with a well-built engine but if you don’t give it gas, you shouldn’t expect to move.”
Additionally honored as the 11th fastest-growing company in the Consumer Products & Services sector, Idea Buyer surpassed the sector’s average percentage growth of 1,495.7% by almost 500%.
“Growth like what we have been able to achieve over the past few years does not happen by accident,” says Idea Buyer Vice President, Jeremy Crutchfield. “Our focus on the quality of what we offer is unrivaled in our industry.”
Companies on the Inc. 5000 are ranked based on percentage revenue growth from 2013 to 2015. Required annual revenue for 2013 was $100,000 with the minimum annual revenue for 2015 being $2 million. Additional requirements include the company being privately-held, U.S. based, independent and for profit.
“Our company is unique in the sense that we are growing organically,” says Idea Buyer Partner, Colin Egbert. “With no debt and no investors, our focus is solely on growth and that’s rare, especially on a list like this.”
Idea Buyer joins well-known companies: Microsoft, Dell, Domino’s Pizza, LinkedIn, Zillow and more with its first recognition on the Inc. 500. “This award is not taken lightly by our team,” says Idea Buyer Partner, Michael Corradini. “We have all worked cohesively with the intention of growing this company to its greatest potential… and we aren’t done yet.”
Idea Buyer will be recognized in the September issue of Inc. Magazine, available on newsstands August 23rd. The annual Inc. 5000 conference and award ceremony will be held in San Antonio, Texas, October 18-20. Idea Buyer will be in attendance to receive this prestigious award with much gratitude.
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