Pax8’s Post

All Extreme Networks partners, please join this important session to learn about FY25 partner program updates

So, fun story: When you make the Inc. 5000 list, they do this personalized online rank reveal for your company. Last year, it happened right during a team meeting, so we got to celebrate in real-time. This year, the timing wasn’t as perfect, so I recorded it to share later. I was thinking we would improve from our 2023 ranking of 729, and the team would enjoy that. Well, when I saw our new ranking, let’s just say I was a little more shocked than I expected. And here we go… Swipesum lands at #666 on the 2024 Inc. 5000 List! I was kind of glad the team wasn’t watching. Now, I know what you’re thinking—666?! Isn’t that supposed to be bad news? But at Swipesum, we like to see things a little differently. We’re embracing it because to us, this number means - Success, Growth, and Perseverance With 703.66% revenue growth, our spot at No. 666 is a win. - No. 5 in Missouri - No. 3 in St. Louis - No. 69 nationwide in Business Products & Services Next time you see 666, don’t think of it as a bad omen—think of it as a sign that we’re absolutely on fire (and yes, in the best way possible). 🔥 #Inc5000 #Payments

Proud of our entire team for making it onto the Inc 5000 list again this year! It's great to see so many companies founded in Chicago, sharing investors with M25 Network Ventures and New Stack Ventures. This is our 4th year on the list and we edged our way back into the top quartile, at #1229. In case you're interested, the full Inc 5000 list and methodology is in my comment below. In short, Inc ranks companies by their 3 year average growth rate, subject to minimum revenue numbers ($100,000 in 2020 and $2m in 2023). These criteria mean that you see some astonishing growth rates for first-time companies... some are in the 10,000%+ range! Staying on the list year over year is an accomplishment by itself but I'm especially proud that we reversed our rank direction this year, scoring higher than we did last year (#1492). This directional change means we're growing even faster, on a higher base of revenue.  Hats off to all of the gazelles on here!

Looking to unlock the actual value of your private company shares on the free market? Get comfortable and watch Rachel Shear in this 2-minute video for a quick introduction to today’s booming Secondary Market for Private Tech shares. https://lnkd.in/d4_AcvwM The Secondary Market for Private Tech An Introduction with Rachel Shear #thelephant #secondarymarket #privatemarkets #privatesecurity #shareholders #privatecompanies #privateequity #hightech #RachelShear

With 24.7 Open Topic Phase I coming up at the end of the summer, and 24.3/24.C Specific Topics also scheduled around that time, I wanted to break down the difference between #OpenTopic and #SpecificTopic and dive more into why we prefer Open Topic. 1. Open topic is a broad solicitation that accepts proposals in any area related to the DoD mission. 2. Specific topic is a narrow solicitation that targets a particular problem or need. One of the biggest problems that we see in the industry right now is consolidation. If a company is just winning government contracts, the day that they become competitive with the large primes, they get acquired. When they get to be around $50M a year in revenue, they often get bought by the large primes. However, we have seen many dual-use technologies, and companies that can build hundreds of millions—if not billions of dollars—of revenue in the commercial sector enter the federal market through open-topic opportunities. Time and time again, we see these companies find a lot of success through this, which brings a breath of fresh air to the industry. We are always thrilled to support companies who are going to bring new capabilities that won’t just get acquired by large primes, because this helps to create a competitive environment again in the field of federal funding.

Another UK tech company bites the dust: https://lnkd.in/eMxzfXKD They do well - they get bought (Darktrace is in this group) They do OK but don't quite scale revenue - they get acquired They do badly (due to a lack of support) - they collapse Where does UK tech go? How do we build and maintain global tech champions?

 🔎 Finding the perfect professional service partner in IT can be challenging 😢. Whether you're looking to hire a great IT firm, an IT firm seeking your ideal client, or an investor exploring top service firms to acquire, sc0red has you covered! Discover how we connect the right people at the right time 🙌  . Visit sc0red.com and see how we can help you achieve your goals   . #sc0red #proserv #IT #newproduct

There are typically two types of relationships, transactional and strategic. When you look at your people, growth demands, and improving processes, which relationship do you want to have with your vendors/partners? Questco prides itself on being a partner and the word vendor is like "He-Who-Must-Not-Be-Named" internally. Here is a blog of ours talking about the value of a partnership in the comments:

Finding the right tech partner can be challenging!

The majority of Tech Vendors starting in partnering are failing to contest with the Partners’ current revenue opportunities. Read post 'Poorly Pondered Partner Proposition – Starting in Partnering: What most Tech CEOs get wrong #5' http://surl.li/avgwpe #SalesChannels #PartneringStrategy #PartnerProposition