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).
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?
I'm the guy who created Seed-DB, where the data comes from for this post.
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.
Presumably other potential employers had to hire other people, and their other potential employers had to hire other people, and it bubbles downward. Eventually perhaps some business lost an employee who took a better paying position, and wound up hiring an unemployed person.
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?