We are very proud to announce that our Co-Founder Steve Frederick was honored yesterday with an outstanding service award from the National Venture Capital Association for his work in founding StartUpHire.com. It’s an honor for the whole company to get such recognition. Thanks to the NVCA for their continuing support.
VIENNA, Va., April 25, 2012 (GLOBE NEWSWIRE) – Grotech Ventures, a leading early stage investor in high-potential technology companies with 28 years in the venture industry, announced today that General Partner Steve Fredrick has been awarded the National Venture Capital Association’s (NVCA) ‘Outstanding Service Award’ for his work in founding StartUpHire.com. The award was presented to Steve as part of the NVCA 2012 Annual Meeting today in Santa Clara, CA.
“Steve and the team at StartUpHire looked to solve a fundamental problem at young companies – connecting exceptional talent to innovative young companies to fuel their success,” said Frank Adams, Grotech’s founder and managing general partner. “This effort has benefitted the entire venture industry and is a testament to Steve’s dedication to the startup ecosystem.”
Launched in 2009, StartUpHire is the job search engine dedicated to recruiting exceptional talent to jobs at emerging growth companies. Its mission is to connect talented individuals to exciting career opportunities at startups and to accelerate the team building process for companies and their investors. Fredrick serves as chairman of StartUpHire, which runs today as a self-sufficient company serving the startup ecosystem. Development of the StartUpHire platform was supported through funding from the National Science Foundation. More than 14,000 job openings at thousands of startups in every state are currently listed on www.startuphire.com
“StartUpHire has allowed the industry to better quantify job creation that originates from venture capital investment,” said Mark Heesen, NVCA’s president. “This has helped us promote the value that venture firms bring to the U.S. and global economy and shape a regulatory environment that allows our member firms and their portfolio companies to continue growing and succeeding.”
About Grotech Ventures
Founded in 1984, Grotech Ventures is a leading early investor in high-potential technology companies. Grotech seeks investments across the information technology landscape and initially invests $500,000 to $5 million while continuing to invest through the growth of each enterprise. The firm focuses on the Mid-Atlantic, Southeast, and Rocky Mountain regions while being selective in other geographies. Grotech Ventures has built a reputation for being a collaborative, long-term partner for CEOs and entrepreneurs and has the operational knowledge, personal networks, and industry expertise necessary to accelerate growth. Grotech is currently investing from its seventh fund. For more information, please visit www.grotech.com
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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 capitaldata and unites its more than 400 members through a full range of professional services. For more information about the NVCA, please visit www.nvca.org.