Exuberant growth realized by a relatively small number of young, innovative firms, has attracted the attention of policy makers and entrepreneurs. Accordingly, there has been increased interest in the analysis of young companies or start-ups that realize high growth rates (e.g. Wiklund, 1998). A major finding of previous research is that growth is complex and multidimensional in nature. Growth in revenues on the one hand and growth in employment on the other hand are the most often examined dimensions and are put forward as distinct measures of growth by Wiklund and Shepherd (2003). A number of researchers have examined the possible determinants of average growth (Westhead and Birley, 1993), which give insights into why young technology firms do or do not grow. However, these studies remain a-theoretical in nature and give no insights into why the companies, which do grow, deploy different strategies and how they successfully implement these growth strategies.