The Age of The Gazelles

The Age of The Gazelles - The Age of the Gazelles Some...

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The Age of the Gazelles
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Some Facts About Gazelles Small firms create most jobs in US economy Majority of these job-creating companies are fast- growing businesses – called Gazelles 20% annual sales growth for at least 5 years Despite significant down-sizing during early 1990’s, Gazelles produced 5 million new jobs and brought net employment growth to 4.2 million jobs More recently, Gazelles produced as many jobs as the entire US economy in same period (11 million)
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Gazelle Misconceptions
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Gazelles are all High Tech Overall, about 30% in wholesale or retail Not too tech-y Another 30% in services Some tech-y; some not Of Gazelles on last year’s Inc 500 – only 47% in computers or other electronics
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Gazelles Get Venture Capital Most Gazelles don’t get any VC money Proof is in the figures In 1999 Gazelles numbered some 350,000 In same VC boom year only about 5,000 companies got VC funding
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Gazelles are all Young Actually Gazelles as a group somewhat older
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The Age of The Gazelles - The Age of the Gazelles Some...

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