Help Wanted: Technically Skilled Workers at Venture Backed Start-Ups, According to StartUpHire and NVCA

Organizations Highlight Job Opportunities Across All Functions During Global Entrepreneurship Week

As unemployment tops a sobering 10 percent in the United States, there are bright spots in the employment picture – start-up companies. As of October 2009, there were nearly 11,000 job openings at 2,500 venture-backed companies nationwide listed on StartUpHire.com. The National Venture Capital Association (NVCA) and StartUpHire, an online job search engine dedicated to recruiting talent to venture capital-backed companies, released the data about these jobs during Global Entrepreneurship Week 2009 to highlight the role the start-up community plays in moving the nation’s economy forward. Not surprisingly, many of the jobs listed on StartUpHire require some level of technical skill.

Forty-eight percent of the jobs listed are in the area of Engineering, Product Development, Science and Quality Assurance. Breaking down the data further, Marketing and Business Development jobs are the second most prevalent in terms of job opportunities at 16 percent, followed closely by Manufacturing / Operations / Other at 15 percent. Thirteen percent of job opportunities available are in Sales.

Top Concentration of Job Listings by Functional Area:
Engineering/Product Dev/Science/QA 48%
Marketing & Business Development 16%
Manufacturing / Operations / Other 15%
Sales 13%
Finance & Accounting 8%

"The data published today reinforces what we already know about the venture backed start-up ecosystem – entrepreneurs drive innovation and create jobs," said Steve Fredrick, partner, Grotech Ventures and a StartUpHire founder. "We’re committed to working with the NVCA to continue to track job trends and to accelerate the team building process for these exciting companies. Every entrepreneur plays an important role in our nation’s economic growth."

"Venture-backed companies are looking for ways to change the way we work and live for the better," said Mark Heesen, president of NVCA. "It stands to reason that the employees at these entrepreneurial companies are innovative, critical thinkers. The high percentage of technical jobs within the start-up community supports the notion that the U.S. must continue to encourage the study of science and engineering in order to meet the workforce needs of this century."

Global Entrepreneurship Week 2009, taking place November 16-22, was conceived to introduce millions of young people around the world to entrepreneurship and encourage them to think of innovation as a vehicle that can take them anywhere. A growing coalition of organizations is actively planning the Week in more than 75 countries. Global Entrepreneurship Week will bring ideas to light and link them with enterprising, eager young minds.

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 - listing 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