VentureLoop Sees Dramatic Increase in Venture-Backed Startup Jobs
SAN FRANCISCO, CA–(Marketwire – October 9, 2007) - While some sectors of the job market
might be cooling off, VentureLoop, the world’s leading career website
dedicated exclusively to venture-backed startup jobs, has seen a surge in
hiring activity in the venture-backed market for 2007.
"Our business is seeing unprecedented growth," said Jeremy McCarthy,
VentureLoop’s CEO. "Portfolio companies are telling their venture
investors that they can’t find the talent needed to grow, and the venture
capital firms are turning to us for help. A strong economy and competition
for talent from established technology firms have created a very tight
market, so venture capital firms enlist VentureLoop to provide the products
and services that help their portfolio companies find the employees they
desperately need."
According to the National Venture Capital Association, venture capital
firms raised $27.9 billion in 2005 and $30.3 billion in 2006. That is
almost equal to the combined amount raised from 2002 to 2004 ($32.9
billion). And 2007 looks to be keeping a similar pace to 2006.
Venture capital firms have been actively raising funds from limited
partners over the past three years, and that money has to be invested. Add
the recent hedge fund phenomenon of startup investment competition, and you
can see the makings of a very healthy market for startup funding. When
those companies get funding, they must quickly hire talent to meet
development, sales and marketing goals. The resurgence in the IPO and
acquisition markets is also pressuring companies to grow now and exit while
valuations are high.
About VentureLoop
VentureLoop is the leading website dedicated to job postings for
venture-backed startup companies. Founded in 1999, VentureLoop creates
direct relationships with the world’s top venture capital firms to connect
their portfolio companies with quality candidates. Candidates can search
the VentureLoop website for thousands of jobs at startups backed by top
tier venture capital firms. VentureLoop’s VentureCareers product is a
hosted career page for venture capital firms, allowing portfolio companies
to advertise job openings directly onto their venture capital firm’s public
website. VentureLoop also publishes the weekly VentureLoop Insider
newsletter, which communicates valuable information about startup news,
funding, and career advice. Find out more at www.ventureloop.com.
CONTACT:
Melissa Ta
Senior Public Relations Consultant
melissa@ventureloop.com
www.ventureloop.com