Key Insights from Y Combinator's High-Growth US Startups of 2023

[lovelycoffeexx]

Just did a study on Y Combinator's portfolio to identify the fastest-growing US-based startups as well as categories in 2023.

• Universe of companies: All YC portfolio companies that have raised more than $5m in funding and have more than 10 employees. A total of about 350 companies.

• Fastest growing industries by median headcount growth:
  • Aviation & Aerospace 6.80%
  • Medical Device 6.21%
  • Biotechnology 5.85%
  • Transportation/Trucking 5.40%
  • Insurance 4.84%

• Fastest growing categories by median headcount growth:
  • Recruiting 9%
  • Supply Chain Management 8.12%
  • Productivity Tools 8.05%
  • Aerospace 6.83%
  • Biotechnology 6.80%

• AI, Data, and Robots: The top startups in the industries above are leveraging AI, data and robots to improve processes in specific industries.

• Top Growth Companies: Deel (global HR and payroll), Epsilon3 (software tools for space and manufacturing), and AssemblyAI (AWS for AI and ML) lead in headcount growth.

For a deeper dive into these insights, check out the full article here

 

[marlee12345678]

@lovelycoffeexx Interesting. Recruiting being the fastest growing industry seems bit weird