Deagan said digital marketing “is a market with enormous opportunity” as companies shift advertising dollars “from offline to all things digital – which is usually cheaper, faster and measurable.”
He envisions Knotice taking one of two growth paths.
One path is going it alone – without additional outside investment – and reaching sales of $30 million to $50 million in the next five years. The other route would be bringing on equity investors and growing to $100 million in sales in the next five years.
“We’re happy building a business to either size,” Deagan said. “It really comes down to the right deal with the right financial partners.”
The West Coast office could help draw outside money, he said.
“With a presence in Seattle,” he said, “the risk of talent being a bottleneck to growth is addressed.”
Go West young company!