Earlier today we put out a press release announcing that ForgeRock has been named to the Wealthfront fifth annual list of “Career-Launching Companies” – a compilation of US mid-sized information technology companies with fast-growth momentum. We didn’t have room in the press release to detail the full criteria used to select companies for the list, so I wanted to share that here in the blog. Wealthfront founder Andy Rachleff states:
“To qualify for our list, a company must be privately held, have a current revenue run rate between $20 million and $300 million and be on a trajectory to grow at a rate in excess of 50% over at least the next three or four years. This year we’re adding a further qualification: the companies must have compelling unit economics. Selling a product at very low margins can lead to rapid revenue growth, but it doesn’t necessarily imply a great long-term business. We built our list by surveying the partners of the following 14 venture capital firms: Accel Partners, Andreessen Horowitz, Benchmark, DAG Ventures, Greylock Partners, Index Ventures, Lightspeed, Kleiner Perkins Caufield & Byers, Matrix Partners, Redpoint Ventures, Ribbit Capital, Sequoia Capital, the Social Capital and Spark Capital.”
Needless to say, everyone at ForgeRock is pretty jazzed about our inclusion. Getting recognized alongside companies like GitHub, Act-On Software, Hootsuite, Okta, SendGrid, Vox Media, Slack, Zscaler and lots of other fast-growing brands provides strong validation that we’re on the right path. Also, here’s a graphic that was released alongside the Wealthfront announcement.