Arlington, VA – November 16, 2011 - U.S.-based venture-backed startup companies continue to be significant job creation engines with more than 10,800 positions currently available at more than 3200 companies today according the National Venture Capital Association (NVCA) and the job board StartUpHire.com. Since the beginning of 2011, more than 37,000 jobs have been posted on the site. Positions are open nationwide, spanning a diverse set of industry sectors including software, IT, and clean tech/energy.
The data was announced today in conjunction with the 2011 Global Entrepreneurship Week Initiative, an entrepreneurial movement of individuals and organizations dedicated to inspiring, connecting, and equipping entrepreneurs while showcasing the support that is available to them year round.
"Venture-backed startup companies have consistently added value to the American job market, even in this difficult economic environment. The commitment of the venture capital industry coupled with the strength and vibrancy of the startup companies in which it invests fuel an efficient job-creating engine that's become a vital part of the national economy," said Mark Heesen, president, National Venture Capital Association.
According to StartUpHire data, there are job openings at venture-backed companies in every state. Thirty-six percent of jobs posted since January 2011, or 12,916 positions, have been domiciled in California followed by Massachusetts and New York at seven percent each (2,480 and 2,464 posted jobs respectively). Texas and Washington round out the top five at five percent each (1,581 and 1,410 available jobs respectively).
"These numbers show clearly the impact startups are having on the nation's job picture," said Steve Fredrick, a general partner with Grotech Ventures and a StartUpHire founder. "With all the talk about job creation, we should celebrate and encourage any sector that has brought at a minimum 37,000 new jobs to the country over a 10 month period."
The positions span multiple industries, particularly those focused on innovation, including software which since the beginning of the year posted 33 percent of the total jobs or 11,682; IT services, 20 percent or 7,053 jobs; business products and services, five percent or 1,939 jobs; and, cleantech/energy with five percent or 1,711 available jobs. The biotechnology, healthcare services and medical device sectors combined accounted for more than eight percent of the jobs posted since January or 2,991 positions.
Not surprisingly, engineering, product development and science-related positions lead the ranks, accounting for 49 percent of all open jobs. Manufacturing and operations positions accounted for 23 percent with marketing and business development making up 15 percent. Sales positions made up 10 percent of postings.
"The StartUpHire numbers are very powerful but what is even more encouraging is that the site captures just a subset of the jobs available at all the venture-backed companies in the United States," concluded Heesen. "The total number is even greater."
To learn more about these 10,800 startup jobs, visit www.startuphire.com.
StartUpHire is the job search engine dedicated to recruiting exceptional talent to jobs at emerging growth companies. Our mission is to connect talented individuals to exciting career opportunities at startups of all kinds 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. www.StartUpHire.com
Venture capitalists are committed to funding America's most innovative entrepreneurs, working closely with them to transform breakthrough ideas into emerging growth companies that drive U.S. job creation and economic growth. According to a 2011 Global Insight study, venture- backed companies accounted for 12 million jobs and $3.1 trillion in revenue in the United States in 2010. As the voice of the U.S. venture capital community, the National Venture Capital Association (NVCA) empowers its members and the entrepreneurs they fund by advocating for policies that encourage innovation and reward long-term investment. As the venture community's preeminent trade association, NVCA serves as the definitive resource for venture capital data and unites its nearly 400 members through a full range of professional services. For more information about the NVCA, please visit www.nvca.org