At a jungle-themed extravaganza that attracted more than 1,000 Oregon business leaders, the PBJ revealed its top 100 fastest-growing private companies of 2017.
The companies are ranked in terms of their revenue growth between 2014 and 2016. This year's top-ranked business logged growth exceeding 1,519 percent over that two-year period.
VIEW SLIDESHOW: Oregon's fastest growing private companies - ranked
The Fastest-Growing Private Companies list is limited to those willing to provide third-party confirmed revenue and employment figures, with revenue exceeding $250,000 in the year 2014.
The companies on the list combined for $3.2 billion in overall revenue in 2016. That's a 33 percent jump from the combined 2015 revenue of companies on the list last year. It's also double the amount of 2015's Private 100 companies.
Businesses on this year's list further employed 15,670 workers last year, about double the figure logged in 2014.
This year's publication that accompanies the list includes a bevy of insights from those running the top-rated companies.
For instance, from Brazi Bites' Juneau Rocha comes this nugget on growth: "Every growth phase has unique challenges so there's never a dull moment. As founders we run the day-to-day operation and need to make strategic moves that set the company up long-term. Our biggest challenge at the moment is building a team who can continue to drive the growth without relying so heavily on the founders."
And, from Lovely Laban of Skin by Lovely, this wisdom on sustaining growth: "Hiring talented, career-minded professionals who share our vision that true beauty is not trendy, but classic. More Audrey Hepburn … and less Kim Kardashian."
There's also a fair amount of business advice. Take NBP Capital's Lauren Noecker's response when asked how her market has changed.
"As the Portland real estate market has tightened we have adapted and increased our involvement with ground-up development projects, asset re-renovations and re-development, hospitality and value-add multifamily opportunities outside of Portland proper," she said. "The No. 1 priority is to focus on the projects that we are currently involved in, while seeking out opportunities in Oregon, Washington and L.A."
Finally, Eugene and Michael Jung, of the table tennis destination hangout Pips & Bounce, gave a keen analysis of their operational feel.
"Our company culture is fun, open-minded and approachable," the Jungs said. "We are a small business with a big heart for people. We are planning to keep our business private, so we can keep our culture and passion for providing the best ping pong experience."
Click through on the slides above for the full ranking of this year's 100 Fastest Growing Private Companies.
The Portland Business Journal is a KGW News partner.
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