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By
Richard Koffler
CEO, Koffler Ventures
What a great
time I had last night as a guest of our Infinity sponsor Deloitte
& Touche at their annual Orange County/San Diego Technology
Fast 50 event at the La Costa Resort & Spa in Carlsbad! It was
certainly well worth the two-hour drive each way: excellent networking,
delicious food, a beautiful facility, a first-rate production, and
the pride of seeing our Software Council member Micro General Corp.
come in third with a growth rate of 7,662%. Yes, that's right: seven
thousand six hundred sixty two percent.
The winner,
Prometheus Laboratories, clocked in at 11,243%, and 50th-place ResMed
closed the ranks with a "puny" 215%.
Other Software
Council members in the winners' circle were Autobytel.com (their
CFO is on the Software Council's board of directors), Starbase Corporation
(winner of the Software Council's Internet Company of the Year award
in 2000), and Access360 (acquired last month by IBM).
The winner of
the Los Angeles Technology Fast 50 was j2 Global Communications
at 4,754%, so I guess that we have some catching up to do north
of the Orange Curtain.
About half of
this year's winners are in information technology; the other half
in computer hardware, semiconductors and life sciences (biomedical
devices, bioengineering, etc.). Sixty percent of both Fast 50 groups
will finance their growth the old-fashioned way: through
internal cash flow. Private investors come in a distant second in
Los Angeles at 13%; in Orange County and San Diego private investors
are not even on the chart. In my book, these are true testaments
to entrepreneurship.
Deloitte &
Touche has been picking the fastest-growing 50 technology companies
in Orange County and San Diego for the past five years, and in Los
Angeles for the past eight. You can find the Fast 50 eligibility
criteria, lists of winners nationwide, and other details at
www.fast50.com.
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