GeistM has ranked #433 on Inc.5000 elite list of America's fastest growing private companies. The annual index, which has previously honored current leaders in their fields like Microsoft, Dell & LinkedIn, gives you a glimpse at the fastest growing independent small businesses taking the US economy by storm.
GeistM, the #1 Performance MarTech Platform powering digital marketing for a portfolio of top class brands and innovative startups, has reported 3 year revenue growth of 1,157%.
Kevin Fortuna, Founder and CEO of GeistM remarked: "Our momentum is building, and we expect our explosive growth to continue. GeistM's performance-driven, partner-friendly business model -- together with our best-in-class technology, our close relationships with network partners and the top-notch work from our talented staff -- are creating a 'virtuous cycle' for our business" .
GeistM is a part of a prominent group of companies featured on the list, who are not only competitive, but have collectively achieved an astounding three-year average growth of 538.2 percent. The Inc. 5000's mass revenue was $206.1 billion, and is responsible for creating 664,095 jobs.
"Our data-driven model enables us to identify and scale winning combinations of content elements, offer dynamics, networks and targeting strategies. At GeistM, we don't think of ourselves as an ad agency or a "vendor" – we're an extension of the marketing teams of our partners. We look for category-leading companies with complex or unique value propositions and the capacity and commitment to scale spend in proven channels of customer acquisition. Our best-of-breed MarTech platform, BlackFire, and our obsessive focus on performance-driven results for our clients, have been the driving factors of our success."
GeistM has exhibited staggering growth in recent years, and it can be attributed to its winning combination of talented staff and innovative approach to marketing technology. The measure of GeistM's worth is clearly evident by not only its skyrocketing success, but by the glowing customer testimonies they receive. "The team at Geist has knowledge and insight unlike any other platform and partner I've worked with. Their passion for product marketing, ability to optimize and propose new ideas makes them the ideal partners to work with."
If their astronomical growth so far is anything to go by, GeistM shows no signs of slowing down and will continue to rise above the rest.
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When you take out a loan for a car, charge something to your credit card, or get a personal line of credit, there is going to be an interest rate that applies to your loan.
A lot of different factors go into what you will be charged, including your own personal credit score. But even those with flawless credit still see a minimum charge that they can't get around. That all goes back to the Federal Funds Rate.
One thing consumers rarely realize is that all of our banks are lending money to each other every night. Banks are legally required to maintain a certain percentage of their deposits in non-interest-bearing accounts at the Federal Reserve to ensure they have enough money to cover any withdrawals that may unexpectedly come up. However, deposits can fluctuate and it's very common for some banks to exceed the requirement on certain days while some fall short. In cases like this, banks actually lend each other money to ensure they meet the minimum balance. It's a bit hard to imagine these multibillion-dollar financial institutions needing to borrow money to tide them over for a bit, but it happens every single night at the Federal Reserve. It's also a nice deal for those with balances above the reserve balance requirement to earn a bit of money with cash that would normally just be sitting there.
The Federal Reserve
The exact interest rate the banks will charge each other is a matter of negotiation between them, but the Federal Open Market Committee (FOMC) (the arm of the Federal Reserve that sets monetary policy) meets eight times a year to set a target rate. They evaluate a multitude of economic indicators including unemployment, inflation, and consumer confidence to decide the best rate to keep the country in business. The weighted average of all interest rates across these interbank loans is the effective federal funds rate.
This rate has a huge impact on the economy overall as well as your personal finances. The federal funds rate is essentially the cheapest money available to a bank and that feeds into all of the other loans they make. Banks will add a slight upcharge to the rate set by the Fed to determine what is the lowest interest that they will announce for their most creditworthy customers, also known as the prime rate. If you have a variable interest rate loan (very common with credit cards and some student loans), it's likely that the interest rate you pay is a set percentage on top of that prime rate that your lender is paying. That's why in times of low interest rates (it was set at 0% during the Great Recession), a lot of borrowers should go for fixed interest rate loans that won't increase. However, if the federal funds rate was relatively high (it went up to 20% in the early 1980's), a variable interest rate loan may be a better decision as you would be charged less interest should the rate drop without the need to refinance.
The federal funds rate also has a major impact on your investment portfolio. The stock market reacts very strongly to any changes in interest rates from the Federal Reserve, as a lower rate makes it cheaper for companies to borrow and reinvest while a higher rate may restrict capital and slow short-term growth. If you have a significant portion of your investments in equities, a small change in the federal funds rate can have a large impact on your net worth.
Whether you're leaving a job involuntarily, departing for something new, or just want to prepare for the unknown, it is smart to understand all your options regarding your 401k.
Frugal gifting often gets a bad reputation. However, this shopping method does not make you cheap — it makes you practical. Frugal gifts often avoid waste and overspending and can be just as meaningful (if not more so) as any other present.
With the National Retail Federation predicting each consumer this holiday season to spend upwards of $1,000 on holiday gifts amidst an economic recession —this year might be the perfect time to reconsider your spending budget. We've formulated the ultimate list of frugal gift-giving ideas to get you started.