The latest Inc. 5000 list of fastest growing companies is out and 106 OC companies are on it. I dove deep into the data to categorize what kinds of companies these are, what industries they are in, and any other trends I could find.
First and foremost — and not shocking to anyone — there’s a lot of real estate-related financial services companies here. And they have been booming during COVID with all the real estate transactions, so they are some of the fastest growing too.
About 10% of the OC companies are tech and venture-backed. This is a mix of software and hardware companies. We’ll probably see more venture backed D2C and e-commerce on this list by next year too.
The majority of the companies were service-based with marketing, staffing, IT and consulting as the largest represented, which is aligned with what we see with most economies, largely small and medium-sized businesses making up more than 90% of businesses.
Overall, great to see a strong, growing business community, especially during these times. Here’s to helping more of our local companies get on this list by next year.