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One stupid requirement from the application: your company must have been generating revenue since 2005. What happens to startups that actually are growing like
by alain94040 18y ago
One stupid requirement from the application: your company must have been generating revenue since 2005. What happens to startups that actually are growing like crazy today but were not around in 2005?
I can understand some need for past performance, otherwise Inc. can't compute a growth rate, but still...
- cperciva 18y agoIt makes sense to have some minimum starting point -- e.g., the $200,000 revenue in 2005 which is required here -- because it's easy to get astronomical growth rates if you're starting from low enough. That said, I think this would have been better accomplished by saying "if your revenue in 2005 was less than $200k, we will treat your company as if its 2005 revenue was $200k" -- don't allow companies to measure high growth rates simply because they're starting very low, but don't exclude them either.