May 5, 2008, Boulder, Colorado — SurveyGizmo, an online survey, data collection and analysis tool today announced a strategic investment in the company by Bill Flagg, president and former co-owner of RegOnline, the online event registration company. Proceeds from the investment will be used by SurveyGizmo to expand staffing to meet the demands of a growing customer base that includes Fortune 1000 companies, university researchers and major market research firms.
The company has exceeded 100% growth, quarter over quarter, for the past year, and is already profitable. The executive team sees the investment by Flagg as a strategic move that gives them access to some additional funds, but more importantly, a funding partner who understands how to grow subscription-based online services. “SurveyGizmo reminds me of the place in it’s industry and growth curve that RegOnline was just before we began to really explode,” says Flagg.
“SurveyGizmo has grown organically over the past 2 years, and we’re at a key point in our growth curve, ” says Scott McDaniel, CEO of SurveyGizmo. “Bill’s expertise in growing RegOnline 10x, primarily using web marketing strategies, fits with our market strategy going forward, so we’re excited to tap into that expertise.”
The investment from Flagg will help SurveyGizmo ramp up and hire quickly to fill key positions on every front — from sales and client services to marketing and application development.
SurveyGizmo (www.surveygizmo.com) is an online survey, data collection plus analysis tool that helps users easily create online surveys, polls, questionnaires, web forms, quizzes and landing pages for marketing, research and customer service research. Customers include Apple, Business.com, CMP, TechTarget and UCLA. The company is known for its rich feature set and responsive customer service. SurveyGizmo is a privately held company based in Boulder, Colorado, with offices in Cambridge, Massachusetts.
About The Felix Fund
Bill Flagg formed The Felix Fund, LLC in March 2008 to make strategic investments in companies that have a remarkable product and customer base and is ready for explosive growth through organic marketing strategies. Flagg invests his energy and success strategies as much as the LLC’s funds. Learn more at www.BillFlagg.blogspot.com.