Inc. (magazine)
Encyclopedia
Inc. magazine
, founded in 1979 and based in New York City
, is a monthly publication focused on growing companies. The magazine publishes an annual list of the 500 fastest-growing private companies in the U.S.
, the "Inc. 500."
The magazine reports its paid circulation as 690,000 as of February 2007, with monthly newsstand sales topping 20,000.
by Bernie Goldhirsh and its first issue appeared in April 1979. Goldhirsh was an MIT-trained engineer who worked at Polaroid
and on ballistic missile
s before becoming an entrepreneur and founding Sail magazine, which he sold for $10 million, using the profits to found Inc. Goldhirsh kept a low profile, and longtime editor George Gendron was the "public face" of the magazine for two decades. Though long considered the younger upstart compared to most business publications, Inc. suffered following the dot-com era as titles like Fast Company seemed to grab more attention, but the tech crash and subsequent retrenchment saw the magazine stabilize its circulation and image. In 2000, widowed and battling cancer, Goldhirsh sold the magazine to Gruner + Jahr
for a price reported over $200 million. The magazine was purchased in 2005 by Morningstar
founder, Joe Mansueto
, and Inc. and its sister magazine Fast Company constitute the publishing arm of Mansueto Ventures. The magazine is now based in New York City
, and its chief editor is Jane Berentson.
Goldhirsh's devotion to the principles of entrepreneurism led him to create the Goldhirsh Foundation and a unique trust run by his children.
Founder Bernie Goldhirsh's son, Ben Goldhirsh, is the founder of Good Magazine.
The Inc. 5000 is ranked according to percentage revenue growth over a four year period. To qualify, companies must have been founded and generating revenue by the first week of the starting calendar year, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.-based, privately held, and independent—not subsidiaries or divisions of other companies—as of December 31 of the last year measured. Revenue in the initial year must have been at least $200,000, and revenue in the most recent year must have been at least $2 million.
The Inc.500 | 5000 Conference and Awards Ceremony is an annual event produced by Inc. magazine. It was created in 1982 to celebrate the fastest growing private companies in America. In its first issue in 1979, Inc. magazine published the Inc. 100 fastest growing publicly held small companies; in 1982, the list expanded to the Inc. 500, and in 2007, Inc. magazine, in conjunction with Inc.com, released the first Inc. 5000 list.
This annual conference brings together the current year's class of Inc. 500|5000 honorees, the list's alumni, as well as entrepreneurs from the general public. The event has featured a number of well-known business and political figures and expert speakers including: Bill Clinton
, Marshall Goldsmith
, Scott Cook
, Bernard Marcus
, and Thomas Friedman
.
Magazine
Magazines, periodicals, glossies or serials are publications, generally published on a regular schedule, containing a variety of articles. They are generally financed by advertising, by a purchase price, by pre-paid magazine subscriptions, or all three...
, founded in 1979 and based in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, is a monthly publication focused on growing companies. The magazine publishes an annual list of the 500 fastest-growing private companies in the U.S.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, the "Inc. 500."
The magazine reports its paid circulation as 690,000 as of February 2007, with monthly newsstand sales topping 20,000.
History
Inc. was founded in BostonBoston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...
by Bernie Goldhirsh and its first issue appeared in April 1979. Goldhirsh was an MIT-trained engineer who worked at Polaroid
Polaroid Corporation
Polaroid Corporation is an American-based international consumer electronics and eyewear company, originally founded in 1937 by Edwin H. Land. It is most famous for its instant film cameras, which reached the market in 1948, and continued to be the company's flagship product line until the February...
and on ballistic missile
Ballistic missile
A ballistic missile is a missile that follows a sub-orbital ballistic flightpath with the objective of delivering one or more warheads to a predetermined target. The missile is only guided during the relatively brief initial powered phase of flight and its course is subsequently governed by the...
s before becoming an entrepreneur and founding Sail magazine, which he sold for $10 million, using the profits to found Inc. Goldhirsh kept a low profile, and longtime editor George Gendron was the "public face" of the magazine for two decades. Though long considered the younger upstart compared to most business publications, Inc. suffered following the dot-com era as titles like Fast Company seemed to grab more attention, but the tech crash and subsequent retrenchment saw the magazine stabilize its circulation and image. In 2000, widowed and battling cancer, Goldhirsh sold the magazine to Gruner + Jahr
Gruner + Jahr
Gruner + Jahr GmbH & Co. KG is the largest European printing and publishing firm. Its headquarters is in Hamburg, Germany.-History:Originally founded on August 1, 1948 as the Henri Nannen publishing house, Gruner + Jahr was created in 1965 from a merger by acquisition, by publishers John Jahr Sr....
for a price reported over $200 million. The magazine was purchased in 2005 by Morningstar
Morningstar, Inc.
Morningstar, Inc. is an independent investment research company based in Chicago, Illinois, USA.-Businesses:Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for...
founder, Joe Mansueto
Joe Mansueto
Joseph D. Mansueto is the founder and CEO of Morningstar, Inc.. In 2011, his majority ownership of Morningstar gained him inclusion on the Forbes World's Billionaires list, with a net worth at time of publication of $1.6 billion....
, and Inc. and its sister magazine Fast Company constitute the publishing arm of Mansueto Ventures. The magazine is now based in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, and its chief editor is Jane Berentson.
Goldhirsh's devotion to the principles of entrepreneurism led him to create the Goldhirsh Foundation and a unique trust run by his children.
Founder Bernie Goldhirsh's son, Ben Goldhirsh, is the founder of Good Magazine.
Inc. 500 and Inc. 5000
The Inc. 500 is an annual list of the 500 fastest-growing private companies in the U.S., introduced in 1982. The Inc. 5000 is an expansion of the Inc. 500, which ranks the country’s top 5000 fastest-growing, private companies and also features a special ranking of the top 10 percent of the list as the Inc. 500.The Inc. 5000 is ranked according to percentage revenue growth over a four year period. To qualify, companies must have been founded and generating revenue by the first week of the starting calendar year, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.-based, privately held, and independent—not subsidiaries or divisions of other companies—as of December 31 of the last year measured. Revenue in the initial year must have been at least $200,000, and revenue in the most recent year must have been at least $2 million.
The Inc.500 | 5000 Conference and Awards Ceremony is an annual event produced by Inc. magazine. It was created in 1982 to celebrate the fastest growing private companies in America. In its first issue in 1979, Inc. magazine published the Inc. 100 fastest growing publicly held small companies; in 1982, the list expanded to the Inc. 500, and in 2007, Inc. magazine, in conjunction with Inc.com, released the first Inc. 5000 list.
This annual conference brings together the current year's class of Inc. 500|5000 honorees, the list's alumni, as well as entrepreneurs from the general public. The event has featured a number of well-known business and political figures and expert speakers including: Bill Clinton
Bill Clinton
William Jefferson "Bill" Clinton is an American politician who served as the 42nd President of the United States from 1993 to 2001. Inaugurated at age 46, he was the third-youngest president. He took office at the end of the Cold War, and was the first president of the baby boomer generation...
, Marshall Goldsmith
Marshall Goldsmith
Marshall Goldsmith is an American author of management-related literature, professor, executive educator and coach. Born in Valley Station, Kentucky, he received his BS from Rose-Hulman Institute of Technology in 1970, his MBA from Indiana University's Kelley School of Business in 1972 , and his...
, Scott Cook
Scott Cook
Scott David Cook is a founder of Intuit, has been a director of Intuit since March 1983 and is currently Chairman of the Executive Committee of the Board. Cook also serves on the boards of directors of eBay Inc., and The Procter & Gamble Company....
, Bernard Marcus
Bernard Marcus
Bernard "Bernie" Marcus is an American pharmacist and retail entrepreneur.He was born to Jewish-Russian immigrant parents in Newark, New Jersey. He grew up in a tenement and wanted to become a doctor. He couldn’t afford the tuition, so he worked for his father as a cabinet maker through Rutgers...
, and Thomas Friedman
Thomas Friedman
Thomas Lauren Friedman is an American journalist, columnist and author. He writes a twice-weekly column for The New York Times. He has written extensively on foreign affairs including global trade, the Middle East, and environmental issues and has won the Pulitzer Prize three times.-Personal...
.