Right on the heels of the Inc. 500 award, FastSpring learned that it has been ranked #1 in the Pacific Coast Business Times annual listing of fastest-growing companies on California’s Central Coast. The article, “Where sales grow by leaps and bounds,” by Marlize van Romburgh, appears in the August 26 – Sept. 1, 2011 edition of the publication.“FastSpring’s sales jumped 1,351 percent in three years, the kind of growth usually seen only in very young startups. Yet its executives say that kind of explosive growth may be far from over.”
As Tim Dir is quoted, “We’ve done all of this through a bad economy.”
The article touches on some key points: bootstrapping by four founders and rapid profitability; the focus on hyper-responsive customer service; the team’s software background as a differentiator in its match with its customers; the launch of the new subscription e-commerce service this year; and the overall growth in e-commerce:
“It’s a growing market. E-commerce sales are outpacing the overall U.S. retail market, according to recent figures from the U.S. Census Bureau. Total e-commerce sales in the U.S. were $47.5 billion in the second quarter, up 3 percent over the first quarter and 17.6 percent year-over-year. In contrast, overall retail sales in the U.S. were up 1.2 percent from the first quarter and 8.1 percent year-over-year.”
Last year, the Pacific Coast Business Times ranked FastSpring the #2 fastest-growing company on the Central Coast. Inc. Magazine recently ranked FastSpring #53 in its 2011 Inc. 500 list of fastest-growing private companies in the US after a #41 ranking for the prior year.
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