Fourteen North Bay companies made Inc. magazine's newly released list of the 5,000 fastest-growing private companies in the U.S., including one local employer that debuted among the top 100.
Evolving Wisdom (evolvingwisdom.com), a 4-year-old San Rafael-based provider of spirituality and personal-growth online education, premiered on the list at No. 84, with 3,924 percent three-year growth in revenue, the list's standard, to $6.7 million from $167,327 in its second year in business, according to the New York-based Inc.
That growth made the company the second-fastest-growing education company on the list, the eight-fastest in the Bay Area and the 16th-fastest in California.
Featured on Oprah Winfrey's Super Soul Sunday television series, Evolving Wisdom originally brought together the ventures of husband-and-wife team Craig Hamilton and Claire Zammit.
His Integral Enlightenment online teaching program extends from the Evolutionary Enlightenment movement started by Andrew Cohen and offshoot Integral Theory of Ken Wilber, both of whom have been Evolving Wisdom guest lecturers along with Deepak Chopra, MD, and Human Potential Movement co-founder Jean Houston, PhD. Mr. Hamilton for eight years was senior editor of Mr. Cohen's EnlightenNext magazine, which stopped publishing in 2010.
Ms. Zammit and licensed psychotherapist Katherine Woodward Thomas started the Feminine Power transformational learning program, and Ms. Woodward Thomas is an Evolving Wisdom faculty member.
Evolving Wisdom now has 30 courses in 10 program areas.Tens of thousands have taken the courses in more than 100 countries, and more than 250,000 have listened to free audio teachings, according to the company.
At the time the list was compiled, Evolving Wisdom had a staff of 29.
The Inc. 5000 list, expanded from 500 companies as of 2011, ranks private companies based on reported revenue growth over three years. To make the list, companies as of the end of 2012 needed to be privately owned, for-profit, independent of a parent company and had revenues of at least $100,000 in 2009 and $2 million last year, according to the publication.Four more debut on list
Also debuting among the Inc. 5000 this year were Santa Rosa-based wine telesales provider VinoPro at No. 238, Petaluma-based Three Twins Ice Cream at No. 977, San Rafael-based Mommy's Bliss at No. 2,857 and Corte Madera-based home decor retailer RH, formerly known as Restoration Hardware, at No. 3,414.RH
Yet, 2012 appears to be the last time for RH (rh.com). The largest North Bay company on the list, with $1.2 billion in 2012 revenues after 91 percent three-year growth, RH has returned to public ownership.
A coalition of private-equity funds acquired Restoration Hardware in 2008, took the company private and undertook a number of restructuring measures, including a reduction in the number of stores from 95 in 2010 to 70 today, including five new high-end "design galleries."
After adjusting the initial public offering price to hit a $142 million target instead of $150 million, the stock price has climbed from the initial $32.05 a share on Nov. 2 last year to more than $69 in the middle of last week. Sales last fiscal year, ended Feb. 2, increased 25 percent from fiscal 2011, which had increased 24 percent.
In July, Gary Friedman, the visionary face of the company for more than a decade, rejoined top leadership of RH as co-chief executive officer after stepping aside before the IPO amid an internal investigation. His Hierarchy venture into luxury apparel, footwear and jewelry was acquired and rebranded as RH Atelier.VinoPro