Startuphire Announces the 10 Fastest Growing Startups in Bay Area

StartUpHire, the largest online database of jobs at VC-backed companies, has announced its list of the fastest growing startups in major metropolitan markets based on current job openings and positions available during Q2. These are the teams which are most actively expanding in today's recessionary climate, a proxy suggesting strong business models and/or deep conviction that the future is promising. Silicon Valley and San Francisco jobs available at venture-backed startups led the nation with more than 2000 currently open positions despite a challenging economy. Many of these companies are experiencing rapid growth and are continuing to hire aggressively.

Regional lists for Boston, Silicon Valley, Southern California, Washington, DC and elsewhere can be found at www.startuphire.com/blog/2009/07/job-openings.

"With California's rising unemployment rate center stage right now, it's great to highlight the fact that the top startups in our region have the highest hiring rates of startups across the country," said Chris Gill, president and CEO o" Silicon Valley Association for Startup Entrepreneurs. "We look at this as a good indicator of things to come for venture-backed companies, Silicon Valley and California's entire employment outlook."

The top 10 fastest growing VC-backed companies in Bay Area are: Tesla Motors, Facebook, Nexant, Trion World Network, Workday, Silver Spring Networks, LinkedIn, Adchemy, Rearden Commerce, and Linden Lab.

"In 2008 companies that were founded and grown with venture capital employed 11 percent of the private sector. Each one of these companies was at one time an emerging startup looking to hire great people," said Mark Heesen, president of the National Venture Capital Association. "This information from StartUpHire is a strong indicator that even in the current economic climate startups continue to provide tremendous growth opportunities and are a collective force in regional and national job markets."

About StartUpHire

StartUpHire is the job search engine dedicated to recruiting exceptional talent to jobs at venture capital-backed companies. Our mission is to connect talented individuals to exciting career opportunities at venture-backed startups and to accelerate the team building process for companies and their investors. These are some of the most rewarding careers on the planet, but they historically have been difficult to identify. StartUpHire sponsors include Argy, Comerica, Calysto, Cooley, DLA, GlobalLogic, MMV Financial, Morrison Foerster, New Venture Communications, SIIA, and Sonnenschein. www.StartUpHire.com

Contacts:

Robin Bectel
571-312-1448
rbectel@newventurecom.com
Lisa Kelaita
650-343-2735
lkelaita@newventurecom.com