SAN FRANCISCO (CelebrityAccess MediaWire) — With a growth rate of over 3,000 percent from 2002-2005, StubHub, founded in 2000, is ranked the 8th fastest growing private company in America on Inc. magazine's annual "Inc. 500" list. The 2006 Inc. 500, reported on in the magazine's September, separates its honorees into 23 industry sectors. Within the retail sector, StubHub finished as the top company overall, its three-year growth rate surpassing the second ranked retailer by more than 500 percent.
"When I saw the Inc. 500 list with StubHub in the top ten, I was thrilled, but I have to admit I wasn't completely surprised," said StubHub founder and CEO Jeff Fluhr. "This past year has been an exceptional year of growth for StubHub, validating our efforts to serve fans who wish to buy and sell their tickets to live events, that had been underserved for far too long. We are enjoying a great 2006, and we're enthused about what the future holds for StubHub and our customers."
"If you want to find out which companies are going to change the world, look at the Inc. 500," said editor Jane Berentson. "These are the most innovative, dynamic, fast-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine's tribute to American business ingenuity and ambition."
The 2006 Inc. 500 list measures revenue growth from 2002-2005. To qualify, companies had to be U.S.-based, privately held independent — not subsidiaries or divisions of other companies — as of December 31, 2005, and have at least $600,000 in net sales in the base year.
–Bob Grossweiner and Jane Cohen