Venture-backed firms step up hiring in first quarter
Startups step up hiring.
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RESEARCH TRIANGLE PARK, N.C. – The “Help Wanted” signs are going up at more venture capital-backed companies.
Startups added 13,314 jobs in the first quarter of 2010, according to data released Wednesday by the National Venture Capital Association and StartUpHire.com.
That’s a 16 percent improvement over the last quarter of 2009.
According to the NVCA and StartUpHiire, growth is coming in information technology, life sciences and clean tech.
“Despite ongoing economic and market challenges, the venture capital community continues to invest and grow companies that are poised for growth as evidenced by their consistent hiring pace," said Mark Heesen, NVCA’s president, in a statement. "The start-up company engine continues to churn, serving as a critical source of new jobs and opportunities for thousands of Americans. Our country's entrepreneurial spirit combined with access to risk capital will continue to drive this economic recovery."
The job growth could be even more significant, according to Steve Fredrick of Grotech Ventures and a founder at StartUpHire.
“As positive as our job numbers are trending, the aggregate venture-backed job growth is even greater – perhaps double what StartUpHire.com currently captures,” Fredrick said.
StartUpHire is a Web sire and search engine focused on job postings and opportunities.
Copyright 2012 WRAL Tech Wire. All rights reserved.
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