Earlier this week, we spoke with the folks at StartUpHire.com to see how the online job board for venture-backed companies fared in Q1 2010.  It was no surprise that the site continues to grow as the start-up community continues to create new jobs at the pace of 4,400 new positions per month.  And the total number of jobs posted at the end of Q1 is up 16 percent from the end of last year.  You can read about this encouraging news here.

It is important to understand that while the StartUpHire numbers are impressive, they only represent a fraction of the new venture-backed jobs out there considering there are thousands of VC-backed companies not currently listing jobs online.  The NVCA recently worked with Dow Jones Venture Source to estimate the number of jobs at current venture-backed companies.  We easily identified more than half a million U.S. jobs at today’s private start-ups.  For those companies that one day go public, their jobs number will continue to increase at an exponential rate.  Public companies today that were founded with venture capital account for 12.1 million jobs in the US according to IHS Global Insight.  The multiplier effect is significant.

The StartUpHire numbers demonstrate a reality that the VC community understands well:  Venture capital investment fuels growth.  Growth of new companies.  Growth of new jobs.  Growth of innovation.  Despite the financial crisis and ongoing economic woes, the venture wheels keep on churning.