The word “startups” have become synonymous with young companies willing to disrupt stodgy industries or completely transform the way we do things as consumers.
And today, we are excited to release the 2017 Top Startups ranking — a new addition of the Top Companies list that maps the 50 most sought-after startups based in the U.S.
To put the list together, we analyzed billions of interactions between professionals and companies that were founded less than 10 years ago and received at least one round of VC funding. Our goal was to determine which of these companies generate the most interest among professionals and are the most desirable employers.
Without further ado, here are the top 10 winners, and for the full list of 50, visit this page.
Heartfelt congrats to the winners — making it on this list is a testament to both the daring innovations of your company as well as the strong employer brands you have built in such a short time!
Interesting themes about the Top Startups
While it might be tempting to equate startups with the tech industry, there is a big variety of companies in our top 50 list. More than half of those ranked are in industries like education (General Assembly #11, Udacity #19, etc.), retail (Stitch Fix #32, Moda Operandi #43, etc.), finance (Stripe #12, Affirm #27, etc.) and healthcare (GRAIL #17).
Other interesting patterns that emerged:
- Leaving the Bay Area: While SF takes the top spot as the city with the most representation, a third of the companies on the list were founded outside Silicon Valley, with New York and Chicago coming in second and third.
- The Female Factor: 12% of the companies on the list have a woman at the helm, which is double that of female CEOs on the Fortune 500 list. From cars (#6 Nio’s Padmasree Warrior) to cosmetics (#13 Glossier’s Emily Weiss), women are showing up in bigger way.
- The Rise of the (non)Unicorn: Proving that success can be achieved at any stage and size, honorees such as Glossier (#13), Convoy (#10) and Flexport (#14), along with a full two-thirds of the list, are valued under a billion.
- Outside Tech: More than half of the companies ranked are outside of the traditional tech space in industries including education (General Assembly #11, Udacity #19, etc.), retail (Stitch Fix #32, Moda Operandi #43, etc.), finance (Stripe #12, Affirm #27, etc.), and healthcare (GRAIL #17).
- The perks Will Make You Rethink Your 9-5: Startup culture reigns supreme at these top companies, complete with nap pods throughout Casper’s (#49) HQ, an on-site spa at Credit Karma (#48), and slippers as office attire at Houzz (#9).
Tips for recruiting top talent as a startup
The companies that made the list got there because they’ve hired and retained extraordinary talent. As a small startup, attracting great talent can be a challenge — especially when you’re just starting out. You’re approach has to be different from what the big guys are doing.
Tammy Han of First Round Capital, a seed-stage investment firm, which helped fund past startups like Uber, TaskRabbit, Warby Parker, and more, has some useful recruiting tips that startups and new companies in all industries can use:
1. Go with what you know – mine through your network: if you’re a startup that has limited resources, it’s essential to start with the people who are already in your corner. “So many times there are people that are not immediately obvious but they’re in plain sight,” says Tammy.
2. Have someone who dedicates at least 50% of their time to recruiting: Most early-stage companies don’t have a recruiter on staff, which means it becomes an already over-extended CEO’s job. According to Tammy, someone needs to be dedicated at least half their time. “You can’t expect to have talented people at your company happen magically or through luck,” she says.
3. Be candid with candidates about the less-than-pleasant realities of the job: Working at early-stage startups may involve a significant pay cut (in exchange for equity), a chaotic, deadline-driven atmosphere, and a stressful workload, shouldering the responsibilities of multiple individuals. Tammy says it’s important to be direct and upfront about those topics early in the process.
Read the full blog post for all 9 of Tammy’s tips and more details.
How we determined the winners
Together with CB Insights, LinkedIn evaluated four key factors to determine the winners:
- Employee growth
- Job seeker reach and interest
- Engagement with the company and its employees
- Ability to attract talent from companies on the LinkedIn Top Companies list
LinkedIn Lists are fueled by a combination of exclusive LinkedIn data mapping the professional landscape and an editorial lens from LinkedIn’s global editorial team. The lists deliver insightful introductions to the people and companies who are impacting the professional landscape.
*Feature image form WeWork
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