Startups Increase New Job Creation Plans, Says Report

A report released today by Silicon Valley Bank said that 83 percent of startups plan to hire this year, up from 73% of startups that had hiring plans in last year's survey. SVB said its Startup Outlook 2011 survey came from the responses of 375 U.S-based private, venture capital backed software, hardware, life science, and cleantech companies. The study was conducted by independent market research firm Koski Research during February 2011. SVB said it found that startups are optimistic about current business opportunities.