SOURCE: VentureLoop

October 09, 2007 10:00 ET

VentureLoop Sees Dramatic Increase in Venture-Backed Startup Jobs

Doubles Venture Capital Clients in Six Months

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.

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