Business Services Industry
It's getting hot in here
Entrepreneur, June, 2003
I. COKeMinternational Ltd.
PLYMOUTH,, MN
Chuck Bond
Began: February 2000 w/5 employees; now 65 employees
Initial investment: $250K from sale of previous company 2002
sales: $125.5M
2. Arbitech
LACUNA BEACH, CA
Distributor of computer hardware/peripherals/software Torin Pavia, William Poovey
Began: August 2000 w/8 employees; now 26 employees
Initial investment: $500K from savings/personal funds 2002
sales: $61M
3. Trustin Technology LLC
IRVINE, CA
Electronic component procurement & liquidation Wade Randall, Julie Randall, Jason Barrette, Kim Fix
Began: January 2002w/5 employees; now 12 employees
Initial investment: $20K from friends/family, private investors, savings/personal funds, line of credit 2002
sales: $17M
4. Winspec
WALNUT, CA
Computer memory manufacturer Marco Fuxa, Martin H. Hofer, Joachim P. Nemeth
Began: September 1999 w/o employees; now 14 employees
Initial investment: $200K from private investors 2002
sales: $42.99M
5. freightquote.com
OVERLAND PARK, KS
Online freight comparisons & bookings Timothy Barton
Began: August 1998 w/3 employees; now 238 employees
Initial investment: $15.7M from private investors, savings/ personal funds 2002
sales: $46.2M
6. Euro Proteins Inc.
WAPAKONETA, OH
Milk proteins manufacturer, distributor & marketer Doug Kantner
Began: March 1999 w/3 employees; now 16 employees
Initial investment: $25K from savings/personal funds 2002
sales: $31.99M
7. Transport Insurance Agency
WOODHAVEN, MI
Transportation insurance Rick Gallegos, Eric Jaim
Began: October 2001 w/2 employees; now 15 employees Initial investment: $300K from private investors 2002
sales: $9M
8. Guardent
WALTHAM, MA
Security services Maria A. Cirino, Daniel R. McCall, David M. Samuels
Began: March 2000 w/o employees; now 140 employees
Initial investment: $60M from private investors 2002
sales: $20.2M
9. Cyberpower Inc.
BALDWIN PARK, CA
Computer sales Stanley Ho, Eric Cheung, Steven Chu
Began: February 1998 w/4 employees; now 71 employees
Initial investment: $100K from savings/personal funds 2002
sales: $33.3M
10. Servation Inc.
SPOKANE, WA
Electronic contract manufacturing Larry A. Panattoni, Keith Swenson, Tod Byers, John Miskulin
Began: May 2000 w/78 employees; now 130 employees
Initial investment: $3M from private investors, savings/personal funds, line of credit 2002
sales: $17.4M
11. Dialmex LLC
McALLEN, TX
Long-distance telecommunications provider Francisco Bunt, Alexandra Bunt, Fernando Vieto, Juan Salazar, Ricardo Bunt
Began: December 1998 w/o employees; now 6 employees
Initial investment: $250K from savings/personal funds 2002
sales: $26.1M
12. Martin Capital
CLAYTON, GA
Real estate finance & development J. Ashley Martin
Began: April 2001 w/ employee; now 5 employees Initial investment: $30K from friends/family 2002
sales: $10.7M
13. Archibald's Inc. Inc.
KENNEWICK, WA
Pre-owned automotive sales John C. Archibald, Daniel J. Archibald
Began: June 2001 w/1 employee; now 2 employees
Initial investment: $154K from savings/personal funds 2002
sales: $9.6M
14. Media Storm LLC
SOUTH NORWALK, CT
Advertising agency Tim Williams, Craig Woerz
Began: November 2001 w/o employees; now 3 employees
Initial investment: $90K from savings/personal funds 2002
sales: $7M
15. Myrtle Beach Building Supply
CONWAY, SC
Retail building materials Bobby J. Smith, Joe D. Jenkins, Steven Tripp Nealy
Began: February 2002 w/5 employees; now 16 employees Initial investment: $1M from savings/personal funds, line of credit 2002
sales: $5-3M
16. CARS Protection Plus Inc.
MURRYSVILLE, PA
Limited warranties on used vehicles; dealership software Michael Tedesco, Fred R. Kohl Began: September 1998 w/6 employees; now 72 employees
Initial investment: $200K from savings/personal funds 2002
sales: $20.4M
17. Austin Produce Inc.
AUSTIN, TX
Produce & gourmet foods wholesaler Daniel D. Davis
Began: November 1999 w/50 employees; now 66 employees
Initial investment: $500K from bank loan, savings/ personal funds 2002
sales: $13.3M
18. Lund & Manasse Advertising Ink
LAS VEGAS
Advertising agency Jennifer Lund, Jill Manasse
Began: February 2001 w/1 employee; now 12 employees
Initial investment: So 2002
sales: $8.5M
19. Global Pacific Produce Inc.
HENDERSON, NV
Exporter of fresh foods Chris Kilvington
Began: January 2000 w/1 employee; now 10 employees
Initial investment: $165K from private investors, savings/ personal funds 2002
sales: $12.2M
20. M2 Logistics Inc.
DE PERE, WI
Logistics management services Michael Marden, Paul R. Anderson, Michael J. Sullivan
Began: November 2001 w/1 employee; now 7 employees
Initial investment: $500K from private investors, savings/ personal funds 2002
sales: $4.5M
21. Falcon Solutions
ALPHARETTA, GA
Electronics distributor Doug Braun, Jason Murphy, Brad Boulet Waldrop, Kris Krohn
Began: January 2001 w/6 employees; now 17 employees
Initial investment: $400K from friends/family 2002
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