Stage Two Strategies : A weekly look at a second-stage company in Metro Detroit
Problem to be solved: From 2005 to 2008, revenue at Gongos grew 50 percent. But like most companies, that growth fizzled by late 2008. One year later, the company experienced an unexpected upswing, when it received a 35 percent, or $7.6 million, increase in business.
“Many companies were holding back on spending due to the uncertainty in the economy,” said Gongos. “We had no idea the dams were going to break open like they did.”