Qstride at an interesting point on its growth curve. The tech company is successful, landing large customers and spiking its revenue; however, the company doesn’t have the resources it needs to scale itself.
Qstride, which has offices in Troy and downtown Detroit, has grown its revenue by 130 percent over the last year. It now clocks sales in excess of $2 million — something it has achieved entirely through bootstrapping.
“We have a model that is proven,” says Shane Gianino, founder & CEO of Qstride. “Of course, it’s a marathon, not a sprint.”
The 2.5-year-old firm specializes in business intelligence and analytics services that integrate with its customer’s IT systems. It also provided staffing services for the technology sector. It currently employs 20-odd people, half of whom work in downtown Detroit.
“We’re looking at potentially expanding our presence downtown,” Gianino says. “We’re trying to figure that out.”
Qstride has hired three people three people in downtown Detroit and Gianino is optimistic that the number can grow quickly over the next year as he begins to entertain offers for venture capital investment in the company to help scale it.
“We have an opportunity to add a lot of jobs in Detroit,” Gianino says.
Source: Shane Gianino, founder & CEO of Qstride
Writer: Jon Zemke
Read more about Metro Detroit’s growing entrepreneurial ecosystem at SEMichiganStartup.com.