California has both the fourth highest unemployment rate in the country and, by far, the most job openings at startups. Go figure. Too many nice beaches, I guess.
According to the NVCA, 39% of the 11,000 job openings tracked by StartUpHire.com are in the Golden State. Not surprising. Yesterday alone, California-based companies announced over $100 million in funding: Rockyou raised $50 million, Zynga raised $15 million and Sezmi grabbed $25 million.
Below is a geographical breakdown of venture-backed job openings, released today as part of the NVCA's publicity blitz for Global Entrepreneurship Week.
The location of jobs mirrors the geographical concentration of venture capital hubs. California is followed by Massachusetts (7.9%), New York (7%), Texas (6%) and Washington State (3.7%). I would have expected a bigger gap between MA and NY, given the prominence of Route 128. My guess is the discouraged worker percentage correlates closely with World Series outcomes.
Startup jobs are available in all 50 states, according to the data. NVCA president Marc Heesen says that’s a promising sign. “We consistently are asked by policy makers and economic development leaders about the right formula for growing venture capital ecosystems. The answer is to support start-ups as these companies start small but soon grow to be significant job creators and contributors to local economies.” Wyoming, which has 1 startup job available, did not immediately return a call for comment.
As part of Global Entrepreneurship Week 2009, the NVCA and StartUpHire.com are highlighting the contributions of startups to economic growth by releasing detailed jobs data throughout the week. On Monday they announced 11,000 jobs available at startups nationwide. Venture-back jobs parsed by industry come out Wednesday, parsed by function on Thursday, and on Friday the NVCA publishes start-up “short stories,” 140-or-less character testimonials about life at a high-growth company. The samples published so far reflect a commitment to transparency about real working conditions, particularly regarding the potentially adverse affects of metaphor mixing:
You must have agility to be able to change hats mid-thought and analyze a problem in the opposite direction from someone else's shoes.
On the summit, down to the valley, and back on top again; and it's only Monday afternoon... Life is good.
Challenge status quo. Complacency not allowed. No mistakes = not trying hard enough = no growth. Push the envelope, be rewarded.
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StartUpHire is a free job search engine dedicated to recruiting exceptional talent to jobs at venture capital backed companies. These are some of the most rewarding careers on the planet, but they historically have been difficult to identify. The StartUpHire website, www.startuphire.com, lists thousands of jobs that can be filtered by industry, geography, functional area, investor, and more. Search agents allow users to define a job search and receive emails listing new opportunities matching their criteria.
StartUpHire provides employers with a tool to accelerate team building and makes it easy for those who relish a start-up career to quickly identify opportunities. There is no cost to use the website or to post jobs. Employer participation is restricted to venture capital backed companies which are privately held. Companies and investors can also take advantage of a free widget that allows them to easily add an automatically updated careers section to their own website. For investors, this widget displays all job opportunities across the portfolio. For employers, the widget displays open positions without the need to edit HTML.
