Venture-Backed Start-Ups Accelerate Hiring

by Elias Shams
Venture-backed start-ups accelerated their hiring during the first quarter of 2010, according to a new report by the National Venture Capital Association (NVCA).

During the quarter, 13,314 jobs were posted by start-up companies on the website, up 16% since the end of 2009.

According to other studies referenced in the press release, public companies that were once venture-backed currently employ 12.1 million people, and current venture-backed companies employ roughly another half million people. NVCA president Mark Heesen believes startups and entrepreneurship are going to play a large role in the nation’s path toward financial prosperity.

Unfortunately, legislation from Washington has been a little schizophrenic in terms of helping startups and entrepreneurship. For example, although, the Startup Visa bill that could increase the amount of foreign entrepreneurs creating jobs in America was introduced earlier this year, but other financial regulations could put more pressure on Angel investing and make it harder for companies to get funding.

Hopefully further evidence, like this report or the one announced yesterday by President Obama on new entrepreneurial exchange programs with Muslim-Majority Countries will help to influence legislation to help promote entrepreneurship, and entrepreneurial education.