Last week, Inc. Magazine published its annual ranking of ‘America’s fastest growing private companies’ based on 3 year revenue gains.
Minnesota-based tech firms (product & service) fared well again, earning 38 spots out of a total 86 companies statewide, or (44%). With the help of local analytics freelancer Jon Jordan, we took that information a step further on some basic visualizations to see what the data says.
The obvious limitation of this dataset include the basic fact that the Inc. award is opt-in, whereas the company has to apply for consideration in the first place. Meaning that it’s not representative of all Minnesota tech companies. Also, these corporate vitals are self-reported and the figures have not been verified by TECHdotMN.