The RenoRun staff are all smiles today after learning that we were just named on CNBC’s 2019 Upstart 100 List. This level of recognition for our hard work is a major indicator of both past and future success. Where we believe that we are innovating and solving a huge materials procurement problem in the building industry, others see this too and agree! And we’re just getting started.
CNBC sorts through hundreds of Upstart Award applications from around the world annually, curating a list of companies that are breaking industry barriers on their way to becoming household brands. This year CNBC received over 600 applications and named finalists from ten different countries.
Finalists have to be less than 5 years old and are rated on the following eight factors:
- Sales Growth
- Customer Growth
- Workforce Diversity
- Access to Capital
- Intellectual Property
- Industry Size
- Industry Life-Cycle Stage
We definitely feel that we meet the mark, or we would never have applied for such a prestigious nomination. We pride ourselves on customer excellence, our ability to scale what we’ve done quickly, on workforce diversity and so much more. Let’s take a quick look at how we got to where we are today as well as some other players in the on-demand services market being recognized.
Two Fast Years of RenoRun Growth
RenoRun opened its delivery-van doors for the first time in 2017. Since then it has scaled from 5 employees to nearly 100; from one city location in Canada to three including a U.S. city; from one delivery truck to an international fleet. Here are some major milestones along the way:
Freelance journalist, Elaine Pofeldt, covered part of our story for CNBC's Upstart 100, looking at why so much innovation is happening in Canada. We’re thrilled that our success is putting Canada on the map and being honoured in the Upstart 100. It’s equally humbling to be included alongside other leaders in the on-demand convenience services market.
Recognizing On-Demand Convenience Leaders
The success of RenoRun isn’t a coincidence, every member of the team has worked extremely hard to bring the company where it is today; however, the market was ripe for our offering. There has been a recent outbreak of on-demand convenience services. Consider companies like Uber and Lyft that offer on-demand ride services, or GoodFood Box and BarkBox with on-demand meal and pet delivery services.
Consumers in the US and Canada are learning to rely on the convenience of on-demand services. In the ongoing quest to gain more time in our lives, these types of services make sense. Once we experience next-level convenience, it’s hard to live without. RenoRun is leading this type of innovation within the building and construction industry and is on track to become a household and job site brand name.
The Upstart Awards recognized other "upcomers" in this category further demonstrating the rise of these types of convenience-tech services. Daily Harvest, a company that delivers daily organic meal options, was named in the 100, along with Dispatch, a company that simplifies local deliveries.
The growing number of technology-enabled, on-demand service startups are likely to multiply since convenience has become so valuable to us.
Upstarting Today, Stay tuned for Tomorrow
Today we’re celebrating and fully living this moment. To be recognized for living your dreams is a feeling that won’t soon wear off. We didn’t start this company to make lists, but rather to make the lives of contractors easier everyday. That said, we couldn’t be happier that making this prestigious list is part of our journey. We agree with CNBC who believes we are part of a very small community of recent “entrepreneurial success stories worth keeping an eye on.”
Image 1: Custom Timeline Infographic by Julia Haney