SUNNYVALE, CA September 27, 2012 – Neoconix has been named to The Wall Street Journal’s The Next Big Thing list, which seeks to identify and rank venture-backed companies across all industries that have the capital, executive experience and investor know-how to succeed. Neoconix was selected from a pool of nearly 6,000 companies and ranked based on proprietary data from Dow Jones VentureSource and input from Dow Jones VentureWire’s reporters and editors.
“Venture capital investors aren’t just looking for successful companies; they are looking for explosive growth,” said Alan Murray, deputy managing editor of The Wall Street Journal. “The Next Big Thing list highlights companies that have a chance of providing that kind of growth. They aren’t sure bets; they are high-risk but potentially high-reward enterprises.”
“Of the 50 companies to make the list, only three are electronic components companies. Neoconix is very pleased to be recognized as one of the leading companies in the electronics marketplace,” said Woody Maynard, Sr. Director of Product Engineering at Neoconix.
The Next Big Thing is an annual ranking published by The Wall Street Journal. To be eligible for the ranking, a company must be based in the U.S., have raised an equity round of financing in the three years ended June 30, 2012 and have a valuation of $1 billion or less. The ranking was calculated by applying a set of four financial criteria: the track records of success for both a company’s founders and management; track records for the investors on its board; the amount of capital raised in the last three years; and the percentage change in a company’s valuation in the last year. Dow Jones VentureWire reporters and editors also provided their perspective and expertise beyond the numbers.
To view The Next Big Thing ranking, visit http://on.wsj.com/QyJWBx