19 November 2009

VC-Backed U.S. Firms Dominated By Software, IT Services

from mLive

Hiring at U.S. companies backed by venture capital funds is overwhelmingly clustered within the software and IT services industries, according to one measure used by the National Venture Capital Association Wednesday.

The trade association culled its data from its partnering jobs board StartUpHire, which posts openings at venture-backed companies. It found that the two sectors accounted for more than 48 percent of the nearly 11,000 job openings listed nationwide as of Oct. 27.

Software jobs accounted for 29.5 percent of the openings, followed by IT services at nearly 19 percent. Health care services and business products and services tied for third at 7.5 percent each, followed by cleantech/energy at nearly 5 percent.

Life science jobs represented a combined total of 6.9 percent but were broken into two categories – biotechnology (4.2 percent) and medical devices (2.7 percent).



As reported here Tuesday, there are 100 job openings in Michigan with venture-backed firms listed on StartUpHire.

"Those industries that hold a concentration of venture-backed jobs today are strong indicators of what sectors will be poised for growth over the next 10 years and beyond," Mark Heesen, the trade association's president, said in a statement.

The National Venture Capital Association is one of several partners in StartUpHire, along with Comerica Bank's Technology and Life Sciences division.

The NVCA and StartUpHire are publishing data on job opportunities at venture-backed companies each day this week as part of Global Entrepreneurship Week.

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