Presently, the United States is coping up with the effects of the 2008 financial crisis on the country's economy in the past years. However, there are still companies that managed to succeed in their different industries, such as in oil, technological infrastructures, and even in production of fibre optic lasers.
Morgan Brown, who did research on some of the top startups in American today, found that the secret why these companies are successful in their fields of industry is that the company's sales and marketing are not firewalled from their product and services, nor their engineering section considers marketing efforts spam. All of these sections work hand-in-hand in order to promote growth.
Annually, Forbes.com issues a list of the most promising start-up companies in the country. These companies are ranked based on their hiring and sales growth, as well as the quality of its management team and investors. Market size and key partnerships are also considered in putting these companies on the list. Below are five of the fastest growing start-ups in 2014.
1. Fuhu
State: California
Industry: Consumer Durables
Known for: Nabi tablet
Revenue: $175 M
Employees: 342
This company gained popularity, thanks to its Android-based learning tablet called Nabi. The child-friendly device features educational games and parental controls based on the national curriculum of elementary education. Presently, Fuhu has raised more than $50 million of their revenue from company backers such as Acer and DreamWorks Studios.
2. Airpush
State: California
Industry: Media
Known for: Mobile ads
Revenue: $98 M
Employees: 200
This mobile advertising agency has been entrusted by a number of popular companies like Coca Cola, Volkswagen and Amazon, providing mobile ads in over 120,000 smartphone apps across the country. Its current CEO was also the co-founder of GoLive! Mobile, which provides mobile games and billing services.
3. Suja
State: CA
Industry: Consumer Durables
Known for: organic juices, organic product delivery services in eco-friendly packages
Revenue $18 M
Employees: 110
This beverage manufacturing corporation produces organic juices that cost almost $9 per bottle. Before its success, the founders of this company managed a juice home-delivery service that produces beverages from store-bought produce and repackaged coconut water bottles. At present, the company has raised $30 million funds coming from different companies.
4. Evolent Health
State: Virginia
Industry: Healthcare Equipment and Services
KNown for: healthcare software solutions
Revenue: $40 M
Employees: 479
This healthcare insurance firm offers software and consulting services that help various hospital systems to become insurers. In September last year, the company had raised $100 million funds from various associate companies such as The Advisory Board, UPMC Health Plan and TPG, Venture Beat reported.
5. Lending Club
State: California
Industry: Diversified Commercials
Known for: peer-to-peer loans
Revenue: $98 M
Employees: 379
This lending firm operates 'peer-to-peer' online for personal loans. They are responsible in assessing the risk profiles of their applicants, as well as allowing the investors to lend directly to the clients. Its creditors pay a service fee equal to 1% of the loan amount, while the borrowers are charged an origination fee of 1% to 5%. The company has already raised $172 million last year, having investors like DST, Google Ventures and Coatue Management.
secret why these companies are successful in their fields of industry is that the company's sales and marketing are not firewalled from their product and services, nor their engineering section considers marketing efforts spam. All of these sections work hand-in-hand in order to promote growth.
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