Startup job openings in Triangle hit record low as startups prepare for ‘capital winter’

RESEARCH TRIANGLE PARK — Should startups be conservative with cash? According to Dr. Ronald Weissman, Chairman of the Angel Capital Association, that might be a smart position.

“Unless you’re in AI, it’s pretty much capital winter,” said Weissman, speaking at the recent 11th annual Big Launch Challenge pitch competition.

Weissman, who’s also Chair of the Band of Angels Software Group, is based in Menlo Park, but he joined The Launch Place’s RTP-based event to share insights and trends about startup investments and exits.

Dr. Ronald Weissman, Chairman of the Angel Capital Association, speaking at the 11th annual Big Launch Challenge last Thursday | Image from The Launch Place

Startup jobs in the Triangle

Job openings in the Triangle’s startup job market certainly reflect a conservative mindset.

Looking at 15 different local or regional job board sites for “startup” jobs, the exclusive WRAL TechWire Jobs Report showed only 7,755 openings (not accounting for duplications in postings), the lowest number since WRAL TechWire began tracking this data.

This week’s startup job posting numbers were 23.9% lower than this time last month and 62.7% lower than this time last year.

Here’s a look at the trend from the last 16 months:

Here are the numbers from all 15 different local or regional job board sites that we review weekly for WRAL TechWire’s exclusive Jobs Report for “startup” jobs:

Check back next week for an update on the WRAL TechWire jobs report.