Trending in Seattle: Startups
For years, Seattle has been known as the home of large, successful and established companies like Microsoft, Boeing, and Starbucks; however, these aren’t the only businesses in town. Lately, there has been a shift towards startup companies. According to the Kauffman Index of Startup Activity, Seattle’s startups are competitive with Dallas and Phoenix, and remain higher ranked than Boston and Chicago. In an article for The Seattle Times, Rachel Lerman cites a study that found that there were 700 startups in Seattle in 2015. These startup companies are making a name in Seattle, and creating job opportunities for residents of the Pacific North. Why are startups becoming so popular in Seattle?
It wasn’t too long ago that the term “startup” was synonymous with Silicon Valley. But as startups in Silicon Valley became more successful, more entrepreneurs started moving there in hopes of having the next breakthrough company. The result? A rise in the price of homes in the area by 13% between 2014 and 2015. It is no surprise then that according to the Silicon Valley Competitiveness and Innovation Project, 7,500 Silicon Valley residents decided to relocate last year. Many have since decided to move to Seattle where the median price of a home is $565,000 compared to $1,050,000 in Silicon Valley (Redfin.com). As the cost of living continues to rise in Silicon Valley, many are deciding that Seattle is where they should be basing their startup companies.
Along with a lower cost of living, education also entices entrepreneurs to base their startups in Seattle. With the University of Washington and Seattle University graduating thousands of students every year, in addition to the 57.9% of Seattleites 25 and older with at least a Bachelor’s degree (U.S. Census Bureau), Seattle’s applicant pool is full of intelligent college grads.
Why work for a startup company?
Without the safety net that larger, established companies provide, deciding to work for a startup company can seem daunting. However, the experiences and opportunities for growth make working for a startup a desirable career move. Working at a startup means not limiting yourself to one career path. Since startups generally don’t have an abundance of employees, it gives employees a chance to develop skills working in different areas of the same company.
When you work for a startup company you can truly see the impact that you are making within the business. The tasks that you complete and the goals that you reach have a direct impact on the success of the company.
What are startup companies looking for?
Startup companies are looking for passionate candidates that are ready to hit the ground running and excited about their field. They are looking for individuals who will help create an environment that fosters problem solving, collaboration, and multitasking.
As Seattle continues to attract startup companies, it is safe to say that there will be even more job opportunities in the Seattle area. This new trend is truly an exciting time for the industries in Seattle.