Big Stage takes the 18th spot in Forbes’ new list, featured in the October 5th Edition of Forbes Magazine, and on Forbes.com
Los Angeles, CA – September 16th, 2009 – Forbes Magazine today announced the results of their newest list: America’s Most Promising Companies. In creating this list, according to Forbes.com, “We didn’t just look for the slickest technology, the largest addressable market, the fastest-growing top lines or the most storied management team.” Their full methodology is described here, taken from the Forbes.com website:
Forbes went hunting for small, dynamic companies with the kind of growth potential that makes venture capitalists salivate. Other lists of small or privately held companies tend to be ranked according to a single metric: annual revenue, or percentage change in revenue over a given period. Yet every serious investor knows that a cursory glance at the top line is a far cry from what it takes to evaluate the potential of any promising company.
To sharpen our search, Forbes teamed with The Venture Alliance, an advisory to early-stage companies. TVA has devised a rating system for young companies in order to more efficiently determine how fundable they are. The pool of candidates included companies launched within the last 10 years and that had not passed $25 million in annual sales. (Pre-revenue companies were allowed.) Prospects were scored on a host of characteristics, among them the size of the markets they serve, the strength of their intellectual property, the extent to which founders put their own capital at risk, the experience of their management and of their directors (or advisory boards), and their record in hitting product-development benchmarks promised to equity investors.
We collected the data via a detailed survey that takes roughly two hours to complete. Entrepreneurs who had raised outside capital gave business plans to TVA for further vetting; the rest completed an even more exhaustive survey. (Both surveys have subtle double-checks built in, to make sure the companies’ storylines indeed do track.) Our partner also brought in software experts and engineers to evaluate product plans (all signed nondisclosure agreements), and Forbes reporters interviewed all the finalists. The 20 highest scorers, listed here, appear to have a better shot at raising capital–and thus are considered more scintillating than their peers.
“We’re very proud to have been included in such a prestigious list by one of the premier business brands in the world,” said Jonathan Strietzel, Co-founder and President of Big Stage Entertainment. “We know from the hours spent answering questions and filling out forms that this was a very rigorous process. We also know that we have a lot of work to do to build this business, but we’re pleased that our efforts to date have been recognized in this way.”
About Big Stage Entertainment, Inc.
Big Stage Entertainment, Inc. is a media technology company that enables the projection of self into digital life. With Big Stage Entertainment products and services, consumers can create a photorealistic, 3-D, animated @ctor to represent themselves in virtual worlds, video games, video clips and online communities. Through its PortableYou program, Big Stage Entertainment enables third parties to seamlessly integrate its 3-D facial modeling system into video games, virtual worlds, Web sites, mobile apps, kiosk-based systems and more to personalize everything from entertainment to communications. At BigStage.com, anyone can generate a free, animated 3-D @ctor from a few digital photos and save it to use in any Big Stage-enabled media. Headquartered in Sherman Oaks, CA, Big Stage Entertainment Big Stage was recently honored by Forbes Magazine as one of America’s top 20 Most Promising Companies. Big Stage investors include Mission Ventures, Selby Ventures and Tech Coast Angels. For more information, please visit http://www.bigstage.biz.