Recent Entrepreneurs Center Graduate expands by hiring talent in the Dayton & Cincinnati markets
DAYTON, November 2008: iNET Interactive – a social media company that had just two employees in 2005 – now employs 16 and expects to have 40 employees by 2010.
iNET Interactive president and CEO Troy Augustine said his company recently outgrew its space at The Entrepreneurs Center in downtown Dayton and moved to the Towne Centre Square development at the Union Centre Boulevard interchange off Interstate 75 in West Chester.
Since 2005, the company was a tenant at The Entrepreneurs Center, which hosts and nurtures startup technology enterprises at 714 E. Monument Ave. in Dayton.
“Being at The Entrepreneurs Center allowed us to really focus on our business and grow,” said Augustine, who plans to hire full-time advertising sales professionals, Web developers and editors. “The move will allows us to tap into the labor markets in both Dayton and Cincinnati.”
iNET Interactive operates a network of 22 online communities for technology professionals and technology enthusiasts. Similar to social networking sites like Facebook or MySpace, iNET Interactive instead serves specific vertical markets: Internet professionals, software developers and hardware enthusiasts. For example, iNET’s webhostingtalk.com is the Internet’s largest community focused on web hosting and the infrastructure that makes the Internet work.
“We now own a portfolio of Web sites or properties that generally are No. 1 or No. 2 in their niche market and serve very specific needs,” he said.
Augustine said The Entrepreneurs Center allowed him to get up and running quickly in 2005, and his fellow tenants provided plenty of advice and networking along the way. Since then, his company also hired a professional sales team, which grew ad revenue; improved its online products, which drew more visitor traffic; and acquired new online sites.
“Right now iNET is focused on technology professionals and technology enthusiasts, but there are opportunities for more online communities,” Augustine said. “While we have plenty to do in this space to keep us more than busy for the next couple of years, the ability to scale this model for other topics is nearly unlimited.”