{"id":47545,"date":"2023-10-20T15:54:06","date_gmt":"2023-10-20T15:54:06","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/web-and-food-companies-head-forbes-up-and-comers-list-startupsmart\/"},"modified":"2023-10-20T15:54:06","modified_gmt":"2023-10-20T15:54:06","slug":"web-and-food-companies-head-forbes-up-and-comers-list-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/web-and-food-companies-head-forbes-up-and-comers-list-startupsmart\/","title":{"rendered":"Web and food companies head Forbes up-and-comers list – StartupSmart"},"content":{"rendered":"

Web-based businesses and food companies have great potential for success, according to Forbes<\/i> magazine, which has released its latest list of America\u2019s 100 Most Promising Companies<\/span>.<\/p>\n

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With the help of CB Insights, a Manhattan-based research firm that tracks investment in high-growth private companies, Forbes<\/i> identified 100 up-and-comers with serious growth potential.<\/p>\n

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\u201cOur ranking of 100 promising companies is chocked with interesting outfits poised to take off,\u201d Forbes<\/i> executive editor Brett Nelson wrote.<\/p>\n

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\u201cThese privately held up-and-comers have compelling business models, strong management teams, marquee customers, strategic partners and precious investment capital.\u201d<\/p>\n

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\u201cThe companies on our AMPC list hail from 22 industries, with software-and-services taking the biggest slice (35%).\u201d<\/p>\n

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\u201cNinety have raised outside capital, 70 have a CEO who is also one of the founders, 12 have one younger than 35 years old [and] seven have yet to generate revenue.\u201d<\/p>\n

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Taking out the top spot is fast casual burger chain Smashburger, founded in 2007 by Tom Ryan, who has a PhD in flavour and fragrance chemistry.<\/p>\n

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With more than 130 outlets throughout the US, Smashburger will record $54 million in annual revenue by the end of 2011. To date, the company has raised $20 million in private equity.<\/p>\n

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In second place is BOKU, founded in 2008 by Mark Britto, Ron Hirson and Erich Ringewald. In 2010, fiscal sales for the company stood at $55 million.<\/p>\n

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BOKU creates software that helps online merchants process payments using a customer\u2019s mobile phone number in place of a credit card. It then takes a small cut of each transaction.<\/p>\n

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Having raised $42 million in venture capital from investors such as Andreesen Horowitz and Khosla Ventures, customers include Facebook and Electronic Arts.<\/p>\n

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Coming in third is Digital Broadcasting Group, founded in 2006 by Chris Young, which produces online videos for corporations and places them among a network of 2,600 websites.<\/p>\n

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The company has raised $2.5 million in funding since 2008, and customers include Walmart, American Express, Coca-Cola and Ford.<\/p>\n

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Here\u2019s a snapshot of some of the top 20 standouts:<\/p>\n

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ServiceNow<\/b>, <\/b>$93 million <\/b><\/p>\n

Founded in 2004 by tech veteran Fred Luddy, ServiceNow provides a virtual IT service desk for corporations.<\/p>\n

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For example, if someone\u2019s hard drive breaks, they can use ServiceNow to create a work ticket and get it fixed. Marquee customers include Johnson & Johnson and PriceWaterhouseCoopers.<\/p>\n

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Fresh Diet<\/b>, <\/b>$17 million<\/p>\n

Fresh Diet delivers a day\u2019s worth of healthy food to customers who pay weekly or monthly subscriptions. It serves major US cities including New York, Los Angeles and Miami.<\/p>\n

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Chief executive Zalmi Duchman founded the company in 2005, in his apartment, with $500 on a credit card. The company raised $2 million from private investors in the spring of 2010.<\/p>\n

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HubSpot<\/b>, $15.6 million<\/p>\n

Founded in 2005 by Brian Halligan and Dharmesh Shah, HubSpot sells web-delivered software that helps businesses manage \u201cinbound marketing\u201d and traditional email marketing.<\/p>\n

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This year, it raised $32 million from Sequoia, Salesforce and Google Ventures.<\/p>\n

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Box<\/b>, $10.7 million<\/p>\n

Box makes file-sharing, storing and collaboration software, delivered over the web. Customers include Proctor & Gamble, Dell Computer and Nokia Siemens Networks.<\/p>\n

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Aaron Levie and Dylan Smith founded the company as college students in 2005. This year, the company raised $81 million from firms including Bessemer Ventures and Andreesen Horowitz.<\/p>\n

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Lending Club<\/b>, $6.7 million<\/p>\n

Founded in 2007 by Renaud Laplanche, Lending Club runs a peer-to-peer lending website for personal loans.<\/p>\n

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It assesses applicants\u2019 risk and allows investors to lend directly to them or spread their money across a number of loans. Earlier this year, the company raised $25 million in venture capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

Web-based businesses and food companies have great potential for success, according to Forbes magazine, which has released its latest list<\/p>\n","protected":false},"author":2,"featured_media":58481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,17,23,13,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/47545"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=47545"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/47545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/58481"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=47545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=47545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=47545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}