For the last few years, Scot Wingo, the serial successful entrepreneur in the Raleigh-Durham area who founded Channel Advisor and Spiffy, has been keeping his finger on the pulse of all the great startup activity taking place in the growing Triangle-area startup community. He maintains an annual list of "Triangle Tweeners" that are growing startups with revenues between $1MM and $80MM that are "off to the races" and the local Triangle-area ecosystem should support. The word "tweeners" means the listed companies are in between early seed-stage startups that have not yet achieved their proof-of-concept, and later stage businesses that have grown beyond venture capital stage and into private equity stage.
Scot published the 2019 Triangle Tweeners List last week. So, if you are curious which companies to keep an eye on, in terms of future potential investment returns in the Triangle area, this is your go-to list of up-and-comers.
And, as a pleasant surprise, Red Rocket's portfolio company, Restaurant Furniture Plus has made this year's list and was honored at the first annual Triangle Tweeners Awards event last week (see George Deeb accepting this award on behalf of the Restaurant Furniture Plus team in the photo below).
No pressure now, Scot!! We'll do our best not to let you and the local community down. Thanks Scot for all the effort you put into maintaining your annual Triangle Tweeners list. It is a tremendous service to the local community, and helps investors and executives outside the region know all the great startup activity that is happening in town.
For future posts, please follow us on Twitter at: @RedRocketVC. And, be sure to follow Scot Wingo at @scotwingo for future years' updates to his annual Triangle Tweeners list.