Savvy founders don’t just focus on iterating their own products – they look to other industries and niches for inspiration and opportunity as well. Whether you’re looking for new ways to scale growth or simply trying to figure out where the competition’s headed, staying nimble is key.
To find out which industries tech founders should look to next, I asked a panel of 13 founders the following.
More information: The Next Web
Over the past three years, Silicon Valley has ranked as one of the strongest local economies in the U.S., driven in part by the firms on this year’s Fastest Growing Private Companies list. Even without counting the companies that have filed for IPOs, nearly a third of the list more than doubled their revenue over the past three years, and some companies did substantially better than that.
Sometimes it meant pushing forward with an idea even after hearing “no way” from 50 investors. Other times it meant pivoting one company after finding their customers were dissatisfied. Those were the strategies of the top two fastest-growing companies on this year’s list.
The payoffs for them were huge. Axcient, the No. 1 company, grew revenue 641 percent over the past three years, while Mixbook grew 550 percent. Another 10 companies on the list at least tripled their revenue.
Collectively, the 52 companies on the list brought in about $1.4 billion in revenue in 2012. That’s up 65 percent over the past three years.
More information: Silicon Valley
Stockholm, Sweden, October 3, 2013: Tilgin and Media5 have recently completed interoperability testing on their respective ACS, tGem and Mediatrix VoIP gateways, and are ready to address the Enterprise and Service Provider markets interested in rolling out fully-managed business VoIP solutions.
Mr. Mats Victorin, CEO at Tilgin said: “We are delighted to collaborate with Media5 and shows the energy and the attractiveness of TR-069-based solutions for all players.”
More information: Media 5 Corporation
SFE to help Oikian expand sales outside of Finland. Founded in 2011 in Finland, Oikian provides advertisers with a branded mobile marketing solution enabling targeted consumer advertising through new marketing channels, thus creating new revenue streams via the smartphone. Consumers get only those ads that are relevant to the location, time and their preferences. They are also rewarded to make purchases based on these ads and they can share their interests and experiences.
aPriori is a software company located in Concord, Massachusetts that develops and markets product cost management software. The company was founded in 2003. Since then, we have invested 75 man-years of development into our product and acquired numerous world class manufacturing corporations as customers.
aPriori software and services generate cost savings for discrete manufacturing organizations. Using aPriori’s real-time product cost assessments, employees in sourcing, manufacturing and design engineering make more-informed decisions that drive costs out of products pre- and post-production. With aPriori, manufacturers launch products at cost targets, maximize savings in re-work projects and never overpay for sourced parts. As a result, aPriori customers significantly reduce product costs and measurably improve overall financial performance.