Impact of Venture Capital on Economic Growth

Here is a must read for all of you interested in the venture capital industry.

Jobs and revenues at U.S. companies backed by venture capitalists grew during the 2000 – 2003 economic downturn, according to a new study conducted by Global Insight and released today by the National Venture Capital Association (NVCA).

Companies that received venture financing between 1970 and 2003 accounted for 10.1 million jobs and $1.8 trillion in revenue in 2003, representing approximately 9.4% of total U.S. jobs and revenues. These companies registered 6.5% and 11.6% gains in jobs and revenues respectively between 2000 and 2003 while national employment fell 2.3% and U.S. company revenues rose 6.5%.

Download study here.