The number of tech workers in San Francisco today is nearing its peak in 2000. The city had more than 32,000 tech jobs last year, compared with approximately 34,000 in 2000. Could this be an indicator that a new bubble is about to burst?
Bay Area economists and commercial real estate experts think not. Today's startups seem more cautious. They rent less office space. Also, there is less risk of a bubble because investments by venture capitalists last quarter were less than one-fourth the value of investments made at the peak of the boom.
According to one Bay Area real estate expert:
"This leg of job growth is in its early stages. The whole dot-com revolution started in 1995, and it took five years to reach its crescendo."
Details are available in a San Francisco Chronicle article.
How does this translate to Boston? Perhaps it doesn't. However, startup companies do create jobs. According to StartUpHire.com there are nearly 800 job openings at startup companies in the Boston metro area.
Mass High Tech highlights startup companies each week in a series called "Five You Should Follow."
Startup Watch for February
Here are 12 startup companies to keep your eye on:
[NOTE: Hover over company name to view a tooltip summary of that company's value proposition.]
» Aura Biosciences, Inc. | Cambridge
» Bliss Healthcare, Inc. | Waltham
» Conversation Media, Inc. | Brighton
» Good Start Genetics, Inc. | Boston
» HeadSpin Software, LLC | Burlington
» Jarvian, Inc. | Boston
» Owlchemy Labs, LLC | Watertown
» Playrific, Inc. | North Billerica
» Proteqt Technologies, Inc. | Franklin
» SocialSci | Cambridge
» SweetDeeds | Boston
» Ziptivity, LLC | Carlisle
Five new startups are listed every Tuesday at Mass High Tech -- The Journal of New England Technology. Access Startup News for details. If your company was founded within the last three years, and would like to be considered for the Watch List, contact the Startup Watch editor.
Access previous Startup Watch lists:
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