There's been a lot of debate lately about whether today's technology startups, which have a variety of web tools at their disposal, still require heavy infusions of venture capital to get off the ground. Now the nation's main venture capital trade group is highlighting the industry's role as an economic engine. The National Venture Capital Association is teaming with StartUpHire, a free job search engine, to track and capture data about job openings at venture-backed startups.
The NVCA is encouraging its members and their portfolio companies to post job openings to StartUpHire. The association will use the data to "chart the contribution of these emerging growth companies to economic recovery and new job creation."
"Over the last four decades, millions of jobs have been created at companies that, at one time, were small start-ups. Venture-backed companies will continue to grow and hire as they have always done and are committed to being an important contributor to economic recovery," said NVCA President Mark Heeson, in a statement.
StartUpHire, based in Vienna, Va. (near NVCA's Arlington, Va. headquarters), was launched in January 2009 and lists more than 10,000 jobs at some 2,500 venture-backed companies.
OVP spokeswoman Sara Morris said of StartUpHire, "you can see in the search listings that a number of our portfolio companies are hiring. Our counsel over the past several months has been to get very disciplined about burn, but to balance that with expanding into opportunities where they exist."
She said: "I think this nicely illustrates the point that venture-backed companies play a pivotal role in economic growth and recovery."
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