Help Wanted at Venture-Backed Start-Ups Across Multiple Industry Sectors

NVCA and StartUpHire Highlight Venture-Backed Job Openings Across the Country for Global Entrepreneurship Week

The National Venture Capital Association (NVCA) and the online job board StartUpHire today published data which shows that venture-backed job openings cross multiple industry sectors across the United States. With nearly 11,000 jobs listed at more than 2,500 companies nationwide, StartUpHire has partnered with the NVCA during this year’s Global Entrepreneurship Week to celebrate the critical importance of entrepreneurs to the economy and to society.

Job Listings on StartUpHire by Industry as of 10/27/09
IndustryJobs Available% of Total
Software314829.46%
IT Services201218.83%
Healthcare Services8067.54%
Business Products and Services8067.54%
Cleantech / Energy5284.94%
Biotechnology4464.17%
Networking and Equipment4434.15%
Consumer Products and Services3843.59%
Semiconductors2962.77%
Medical Devices and Equipment2882.69%
Media and Entertainment2802.62%
Retailing / Distribution2732.55%
Telecommunications2502.34%
Financial Services2492.33%
Computers and Peripherals2162.02%
Industrial940.88%
Electronics / Instrumentation930.87%
Other750.70%
Grand Total10687100.00%

Most venture-backed jobs listed on StartUpHire are within the Information Technology sector. As of October 2009, 29.5% of the StartUpHire jobs are in the Software industry. IT Services is second at 18.8%, followed by Healthcare Services and Business Products & Services, each at 7.5%. Cleantech/Energy rounds out the top five industries at 5% of the jobs. Cleantech’s showing in the top five is telling as this emerging growth sector came in ahead of Telecom, Media, Semiconductors and Financial Services.

Jobs in Life Sciences represent a combined total of 6.9% of all StartUpHire jobs (4.2% in Biotechnology and 2.7% in Medical Devices). These jobs tend to be lower in total numbers but generally higher in salary.

"Venture capitalists focus on building companies in industry sectors of significant opportunity," said Mark Heesen, president of the NVCA. "Cleantech, for example, is becoming increasingly attractive to venture capitalists because of the growing demand for sustainable and environmentally friendly solutions. Those industries that hold a concentration of venture-backed jobs today are strong indicators of what sectors will be poised for growth over the next ten years and beyond."

"Job openings exist in a wide range of industries for those who relish the challenge, excitement, and upside of working for a venture-backed company," said Steve Roberson, general manager of StartUpHire. "Companies which have survived the economic headwinds of the past year and are actively hiring are likely to be the success stories we read about in a few years. With several thousand new job openings being created each month, the venture-backed ecosystem continues to be a strong engine of economic growth."

Please visit the NVCA and StartUpHire websites each day this week to see more detail about job availability at venture-backed companies:

  • Tuesday, November 17 - venture-backed job openings in each state and region
  • Wednesday, November 18 - venture-backed job openings parsed by industry
  • Thursday, November 19 - venture-backed job openings listed by function (marketing, sales, etc.)
  • Friday, November 20 - release of start-up "short stories": 140 character testimonials from venture-backed employers and employees. Tell us your start-up story at www.startuphire.com/stories

About NVCA

The National Venture Capital Association (NVCA) represents more than 400 venture capital firms in the United States. NVCA's mission is to foster greater understanding of the importance of venture capital to the U.S. economy, and support entrepreneurial activity and innovation. According to a 2009 Global Insight study, venture-backed companies accounted for 12.1 million jobs and $2.9 trillion in revenue in the U.S. in 2008. The NVCA represents the public policy interests of the venture capital community, strives to maintain high professional standards, provides reliable industry data, sponsors professional development, and facilitates interaction among its members. For more information about the NVCA, please visit www.nvca.org.

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:

Channa Brooks
Tenor Communications for NVCA
302-368-2345
channa@tenorcom.com
Robin Bectel
New Venture Communications for StartUpHire
571-312-1448
rbectel@newventurecom.com