Forbes: ShopJimmy Among “Most Promising Companies”
A Minnesota company is among 100 businesses selected by Forbes as “America's most promising companies.”
Bloomington-based ShopJimmy, which sells components from damaged televisions, ranked 64th on Forbes' recent list.
According to Forbes, the companies that made the list are privately held “up-and-comers [that] have compelling business models, strong management teams, marquee customers, strategic partners, and precious investment capital.”
Forbes partnered with CB Insights, a New York-based data firm, to measure the “health” of private companies across the country via sources including press releases, job postings, product reviews, court filings, and surveys. Forbes also took into account factors such as size of the addressable market, strength of major competitors, and amount of outside capital raised by each company.
ShopJimmy, founded in 2007 by Jimmy Vosika, received a $520,000 Small Business Administration loan from Wells Fargo in July 2010, according to Forbes. The company's customers include retailers like Costco and TV repair shops.
Last year, Vosika won an Ernst & Young Entrepreneur of the Year award for the Upper Midwest region in the distribution category.
Denver-based burger chain Smashburger topped Forbes' list. To view the entire list, click here.