2011 Startup Outlook Optimistic for Business/Hiring
Key Findings of the "Startup Outlook 2011" released today by Silicon Valley Bank:
The near-term business outlook for startups is optimistic.
- Nearly one in four companies (23 percent) exceeded their 2010 revenue targets, up significantly from 2009 (15 percent).
- Two in three executives say that business conditions in 2010 are better than they were last year, and three in four expect they will get even better in the coming 12 months.
- The vast majority of surveyed companies (83 percent) plan to hire in the coming year, up from 73 percent a year ago (see chart above).