Forbes Announces TOTSY.com as One of America's Most Promising Companies
Leading Private Sale Site for Parents With Young Families Ranks as 6th Most Promising Retail Company
NEW YORK, Nov. 30, 2011 /PRNewswire/ -- TOTSY (http://www.TOTSY.com), the private sale site exclusively dedicated to delivering deals on coveted must-haves for parents, babies and kids, announced today Forbes' has named TOTSY as one of America's Most Promising Companies, which features 100 privately held up-and-comers with compelling business models, strong management teams, notable customers, strategic partners and precious investment capital. In the list, TOTSY ranked as 36th overall and 6th most promising in the retail sector. The complete list can be found at www.forbes.com/ampc and in the December 19th issue of Forbes, available at newsstands beginning on December 1st.
To identify companies with "truly scintillating growth prospects – the kind of companies investors love to bet on, customers love to buy from, and talented employees love to work for," says Executive Editor Brett Nelson , Forbes identified America's Most Promising Companies by evaluating measures such as employee turnover and customer sentiment, along with industry factors like growth rates and mergers and acquisitions activity. "Sizing up younger, privately held companies is hard: Their fortunes can change very quickly and there's a dearth of public data," states Nelson. "We took a more comprehensive approach to evaluate their health and potential."
"TOTSY is honored to be selected by Forbes as one of America's Most Promising Companies, within two short years of operation," said Co-founder and CEO Guillaume Gauthereau of TOTSY. "We experienced nearly 3000 percent year-over-year growth in November 2011 and increased our staff to 80 since the close of our last fiscal year, even within a challenging economic environment. TOTSY is one of the fastest growing digital media startups in U.S. and we're glad to have won the notice of one of the most trusted business publications in the world."
After the first round of America's Most Promising Companies was published in September 2009, thirteen of the twenty companies collectively raised $92 million in fresh capital, counting equity, debts and grants. "TOTSY is poised to continue its rapid growth and like those previously identified as America's Most Promising Companies, we look forward to stimulating the American economy and creating value for our valued customers for many years to come," Gauthereau adds.
To sharpen its search, Forbes teamed up with CB Insights, a Manhattan-based data firm that tracks investment in high-growth private companies. With $650,000 in grants from the National Science Foundation, CB has developed complex software called Mosaic that mines myriad online sources (from press releases and social networks to job boards and court filings) to come up with one, algorithmically derived score that measures a private company's health. Forbes married Mosaic's data-crunching with old-fashioned reporting to assemble a list of rising stars with bright growth prospects. To view the complete list, please visit www.forbes.com/ampc.
For more information or to inquire about investment opportunities, please contact Esther Koo at firstname.lastname@example.org.About TOTSY
Headquartered in New York, TOTSY is a privately held company dedicated to providing its members with access to coveted and essential products and brands designed for expecting moms, parents, babies and kids at sample sale prices. Shopping events are designer-specific and held over a 72 hour period. Membership is free of charge and by invitation only. For more information, please visit http://www.totsy.com.
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