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Seed Accelerators Have Created Nearly 3,500 Jobs

8 pointsby dhalmost 13 years ago

3 comments

TheOnlyRewalmost 13 years ago
According to these numbers, 1436 companies were accelerated with $1,176,787,411, creating 3389 jobs. Doing some simple math, these numbers suggest that, on average, each of the small businesses created just about 2.36 jobs each at an initial investment of roughly 347 thousand dollars apiece ($347,237).<p>I know this is a case of lies, damn lies, and statistics, but I wonder how these numbers compare -- or if it's possible to compare them -- to other other growing industries, other "job creators". (I'm _very_ skeptical of that phrase.) Is this market value for a new job? The fact that 83% of the value of investments were recouped is significant, but how significant?
jedcalmost 13 years ago
I'm the guy who created Seed-DB, where the data comes from for this post.<p>The biggest caveat is that I currently only get data from Crunchbase on funding and number of employees, and there are a lot of gaps where companies haven't updated this information. I would roughly estimate that the total number of jobs created to be roughly double what's currently in Seed-DB.
JoeAltmaieralmost 13 years ago
I'm having a hard time imagining anybody working for these seed companies couldn't find a job. What was created, exactly?
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