In 2007, TeamPages Inc. won the $38,000 Enbridge second-prize package for its online social network for amateur sports teams.
Today, almost 30,000 teams, primarily in the U.S. and Canada, use TeamPages’ online tools to post their teams’ game and event schedules, track game scores and records, arrange carpools and volunteer schedules, and e-mail team members.
Since winning the competition, the company has moved from Victoria to Vancouver, grown from three to six employees and raised almost $1 million in financing. The company has also increased its services, offering league and club packages and online registration tools.
Company CEO Mike Tan says TeamPages should become profitable early this year. Revenues grew 10-fold in 2009 over 2008 and he expects to attract a further 50,000-100,000 teams this year.
Some of that growth will come from English-speaking countries around the world. Says Tan, “We’ve already had some potential international partners come knocking on our door to help bring TeamPages overseas.”
Much of TeamPages success, says Tan, “can be attributed to sticking to, and executing, our business plan, which was reconstructed, shaped, and improved with the help and advice of our NVBC mentors and the judges.”
Highlights over past two years:
- Employee growth: from 3 to 6
- Investment: $1 million
- Customers: 30,000
- Revenue growth 2008-2009: 10-fold
- Expected customer growth in 2010: 50,000-100,000