Deako's Derek Richardson Recognized as a Top Entrepreneur for 2024 by Entrepreneur Magazine
In a significant achievement for the smart home sector, Derek Richardson, the CEO and Founder of Deako, has been recognized as one of the top entrepreneurs of 2024 by Entrepreneur Magazine. This honor highlights 20 innovative leaders who are making waves across various industries. Deako, known for its pioneering modular smart lighting systems, has been transforming the home lighting landscape since its inception in 2015.
Under Richardson's guidance, Deako has streamlined the installation process for smart lighting, allowing homeowners to effortlessly switch between traditional and smart lighting options. The company has forged strong partnerships with major homebuilders, including D.R. Horton and Toll Brothers, significantly enhancing the appeal of new homes. Notably, homes equipped with Deako lighting systems sell an astonishing 20 days faster than the average home, according to company data.
"Being recognized in Entrepreneur's esteemed list is a true honor and a reflection of our talented team at Deako," Richardson stated after the announcement. He attributes the company’s success to a dedicated workforce committed to delivering state-of-the-art smart lighting solutions that benefit both homeowners and builders. Deako’s goal is to broaden its reach, bringing innovative lighting solutions to more homes across the country.
The impressive growth trajectory of Deako under Richardson’s leadership is undeniable. The company recorded a staggering 2,000% revenue increase over three years and secured the 182nd position on the 2024 Inc. 5000 list of America’s fastest-growing private companies. In 2023 alone, Deako saw a 52% rise in gross revenue compared to the previous year, with expectations of continuing this momentum into 2024 with projected growth of 70%. This impressive performance underscores Richardson's ability to pinpoint market needs and align them with groundbreaking innovations.
Deako has made a significant mark in the smart home industry, demonstrating a commitment to enhancing convenience and security for modern homeowners. Their modular smart switches not only enhance the aesthetic of homes but also provide homeowners with unprecedented flexibility and ease of use. Partnering with prominent builders, Deako continues to spread the benefits of smart lighting solutions throughout America.
Founded in Seattle in 2015 by Derek Richardson, Deako has won numerous accolades including recognition from TecHome Builder as the #1 Smart Lighting Control System, and being named one of the Top 25 Innovative IoT Companies by Entrepreneur. As Deako continues to innovate, its impact on both the housing market and smart home technologies could shape the future of how we interact with our living spaces. To learn more about Deako and explore their revolutionizing products, visit their official website at www.deako.com.
Under Richardson's guidance, Deako has streamlined the installation process for smart lighting, allowing homeowners to effortlessly switch between traditional and smart lighting options. The company has forged strong partnerships with major homebuilders, including D.R. Horton and Toll Brothers, significantly enhancing the appeal of new homes. Notably, homes equipped with Deako lighting systems sell an astonishing 20 days faster than the average home, according to company data.
"Being recognized in Entrepreneur's esteemed list is a true honor and a reflection of our talented team at Deako," Richardson stated after the announcement. He attributes the company’s success to a dedicated workforce committed to delivering state-of-the-art smart lighting solutions that benefit both homeowners and builders. Deako’s goal is to broaden its reach, bringing innovative lighting solutions to more homes across the country.
The impressive growth trajectory of Deako under Richardson’s leadership is undeniable. The company recorded a staggering 2,000% revenue increase over three years and secured the 182nd position on the 2024 Inc. 5000 list of America’s fastest-growing private companies. In 2023 alone, Deako saw a 52% rise in gross revenue compared to the previous year, with expectations of continuing this momentum into 2024 with projected growth of 70%. This impressive performance underscores Richardson's ability to pinpoint market needs and align them with groundbreaking innovations.
Deako has made a significant mark in the smart home industry, demonstrating a commitment to enhancing convenience and security for modern homeowners. Their modular smart switches not only enhance the aesthetic of homes but also provide homeowners with unprecedented flexibility and ease of use. Partnering with prominent builders, Deako continues to spread the benefits of smart lighting solutions throughout America.
Founded in Seattle in 2015 by Derek Richardson, Deako has won numerous accolades including recognition from TecHome Builder as the #1 Smart Lighting Control System, and being named one of the Top 25 Innovative IoT Companies by Entrepreneur. As Deako continues to innovate, its impact on both the housing market and smart home technologies could shape the future of how we interact with our living spaces. To learn more about Deako and explore their revolutionizing products, visit their official website at www.deako.com.
Topics Consumer Products & Retail）
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