biophase
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I would bet that in the $25m to $100m range that 80% of the companies are closer to the bottom range and a handful are close to $90M.Recently I was reading an article that showed the number of companies in different revenue ranges in the US. Here's the data:
$0 to $25M -- 5,640,800
$25M to $100M -- 62,968
$100M to $250M -- 211
$250M to 500M -- 572
$500M to $1B -- 1,069
It’s not like there’s 1000 companies at $90M-$99M and then only 211 above $100M.
My guess is that $100M plus companies grow much faster and eventually go public and become $1B companies.