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The Launch: Beginnings of the 2000 Inc. 500
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COMMENT ON THIS ARTICLEHome is where the start is
Percentage of the 1995 Inc. 500 that were started in the founder's home: 39%
Percentage of the 2000 Inc. 500 started in the founder's home: 61%
Median age of those 2000 Inc. 500 companies when they moved to their next location: 15 months
Percentage of those 2000 Inc. 500 companies that had five or fewer full-time employees at the time of that move: 64%
The Inc. 500 by sector
Computer software and services 38%
Diversified services 17%
Materials and construction 6%
Telecommunications 6%
Computer hardware 5%
Electronics and miscellaneous technology 4%
Financial services 3%
Health products and services 3%
Consumer products (durables) 3%
Consumer products (nondurables) 2%
Manufacturing 2%
Transportation 2%
Specialty retail 2%
Other 7%
Money, money, money
Percentage of companies that had initial start-up capital of
Less than $1,000 16%
$1,000 to $10,000 26%
$10,001 to $20,000 16%
$20,001 to $50,000 10%
$50,001 to $100,000 11%
More than $100,000 21%
Percentage of CEOs that raised start-up capital by tapping
Personal assets 92%
Cofounders' personal assets 36%
Assets of family and friends 33%
Percentage of companies that received venture capital as seed money: 4%
More money
Median amount of additional financing raised (after start-up): $1,500,000
Percentage of companies that received additional financing whose primary source was a bank line of credit: 83%
Percentage of companies that received additional financing that got venture capital: 20%
Percentage of all companies that have received angel investments: 12%
Average overall debt of all companies: $5,674,607
Median overall debt of all companies: $813,000
Top 10 fastest starts (Fastest growers among companies formed in 1995)
| Company (rank on the 2000 Inc. 500 list) | Growth | Business description |
| Parson Group (#1) | 27,992% | Provides accounting, finance, risk management, and insurance services |
| Keystone RV (#2) | 17,117% | Manufactures recreational vehicles |
| Lakeshore Staffing (#6) | 7,903% | Provides temporary and permanent staffing |
| Access Direct Telemarket (#8) | 7,178% | Provides direct marketing services |
| VMS (#10) | 6,761% | Operates and maintains roadways and transportation facilities |
| Ahead Headgear (#11) | 6,667% | Designs and markets branded hats for golf shops |
| Support Technologies (#14) | 6,070% | Offers help desk services |
| Meritage Technologies (#15) | 5,376% | Provides e-business consulting and professional services |
| Ascend HR Solutions (#17) | 5,203% | Provides off-site human resources services |
| Product Development Technologies (#22) | 4,814% | Provides product development, engineering, and tooling services |
These figures were compiled from the applications submitted by the Inc. 500 companies and information culled from their individual Web sites.
Copyright © 2000 G+J USA Publishing
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