Report: Venture-Backed Firms Made Up 21% of U.S. GDP in '08

Authored by Mark Hefflinger on September 16, 2009 - 10:55am.

Arlington, Va. - Venture-backed companies employed more than 12.1 million Americans in 2008, generating revenues of $2.9 trillion -- or 21% of the U.S. gross domestic product -- according to a new report from the National Venture Capital Association (NVCA).

The report, based on research from IHS Global Insight, also found that venture backed companies grew jobs and revenues faster than their non-venture counterparts from 2006-08.

The complete report is available through the link below.

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