David Birch considers "gazelles" those businesses that grow at 20 percent or more per year and gross at least $100,000 in annual sales.

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David Birch is known for popularizing the term "gazelle" to describe high-growth businesses that meet certain criteria, including annual revenue of at least $100,000 and a growth rate of 20% or more per year. Therefore, the statement is true.

David Birch Considers "Gazelles" Those Businesses That Grow at 20