“Vetrepreneurship” is sweeping the country. The SBA reports that 25% of Post-9/11 veterans want to start their own businesses.
Over the past two months, we scoured the country for the best veteran-owned startups in the nation. We asked venture capitalists, angel investors, veteran founders and industry experts to send us ideas. We received 85 nominations, and culled those based on five factors to rank the companies and create this list.
Our five-factor score ranked nominees by prior 12-month revenues, previous 12-24 month revenues, revenue growth rate, employee headcount and external capital raised. Each factor was weighted equally. To qualify, startups must be for-profit companies, no more than five years old, and at least 50% owned by or operationally controlled by a military veteran founder. Nominees confidentially reported revenues and the amount of capital raised in order to produce the rankings.
Read the full article on Forbes.