San Diego, CA (PRWEB) August 05, 2014
Local stand up paddle board company Tower Paddle Boards was named “#1 Fastest-Growing Private Company in San Diego” by San Diego Business Journal. The traditional Top 100 list was supplemented this year by 35 as the result of a “record number of qualified companies” having applied. Between 2011 and 2013, Tower Paddle Boards has grown more than 1,000%. In 2013 the company had five employees and presently employs seven.
“The Tower team is very grateful for the recognition,” founder and CEO Stephan Aarstol said.
“The Top 100 List represents the 6th largest city in the country, and is filled with some very impressive companies; even the 100th company had like 44% growth. We’re even more proud of the fact that we’ve kept our bottom line extremely healthy throughout and have been profitable since day one out of necessity. Growing out of retained earnings makes an accomplishment like this all the more sweet!”
As entrepreneurial innovation has skyrocketed in the San Diego area, standards for the list hit an unprecedented high this year. According to SDBJ, “This year the overriding commonality is the singular leap taken by the founders of these organizations and their fearless passion to carve a unique niche in their chosen industries from financial services to recreational equipment.”
About Tower Paddle Boards
Tower Paddle Boards is an online, manufacturer-direct stand up paddle boarding brand. Tower Paddle Boards was funded by Mark Cuban on ABC’s “Shark Tank,” named one of the show's “Top 10 Success Stories” by Entrepreneur Magazine in 2012, and featured by People Magazine in 2013 as one of "Shark Tank's Biggest Winners."
About the San Diego Business Journal
For decades, San Diego Business Journal has released a weekly report highlighting San Diego’s small businesses, burgeoning technology sector and in-depth analyses of the community’s economic innovations. The publication’s “Top 100 Lists” are among the most popular, well-respected and widely read features, viewed as invaluable resources on highly accomplished businesses.