Fastest Growing NYC Startups?*

Although I’m famil­iar with Mat­ter­mark, I only recent­ly start­ed using the ser­vice.   As I got to play around with the func­tion­al­i­ty, I grav­i­tat­ed towards the met­rics around num­ber of employ­ees and employ­ee growth rate.

Giv­en that start­up rev­enue fig­ures aren’t pro­vid­ed on any pub­lic data­bas­es that I’ve seen so far, the clos­est (but imper­fect) way to mea­sure the growth of a start­up is by employ­ee growth rate.  If a start­up is doing well, gen­er­al­ly speak­ing, they are hir­ing.   This is a broad state­ment but true in most sit­u­a­tions. That being said, hir­ing a lot of peo­ple quick­ly, cer­tain­ly doesn’t equal suc­cess and in some instances have actu­al­ly dri­ven com­pa­nies out of busi­ness, due to spend­ing too much mon­ey, but that is an entire blog post in itself.

I set out a few para­me­ters in order to find the fastest grow­ing mid­size VC backed com­pa­nies HQ’d in NYC, here was the search criteria:

• 100+ employ­ees
• HQ’d in NYC
• VC backed
• Still pri­vate (haven’t exited)
• 20%+ employ­ee growth rate in the past six months
• 2%+ employ­ee month over month growth rate

The results (sort­ed by Employ­ees Month over Month Growth):

To read the full blog, vis­it Shai’s Blog.