Best industries for starting a new business in 2021

September 25, 2020 By [email protected]_84 Off

  • Entrepreneurs have long found successful opportunities during crises and downturns. Airbnb, Slack, Uber, and Venmo all launched when the US was in the midst of and recovering from a recession.
  • Founders looking to launch a new startup this year or next have a clear roadmap of the industries that thrived in 2020 thanks to a new report from LinkedIn. 
  • LinkedIn’s top 50 startup list analyzed engagement with the company on their site as well as employee growth and job seeker interest. 
  • Visit Business Insider’s homepage for more stories.

Entrepreneurs have long found successful opportunities during crises and downturns. Airbnb, Slack, Uber, and Venmo all launched between 2008 and 2013, when the US was in the midst of and recovering from a recession. 

Between mid-March and May, there were more than 500,000 applications in the US for an employer identification number, according to the Census Bureau. While that figure is about 20% less than last year, it does show a large number of people donned entrepreneurial hats during the height of the coronavirus. 

Founders looking to launch a new startup this year or next have a clear roadmap of the industries that thrived in 2020, thanks to a recent LinkedIn report. The list ranked the top 50 startups on the rise in 2020 and highlights industries that experienced large growth, such as financial services, computer software, and internet companies.

To compile the ranking, researchers looked at employee growth, job seeker interest, LinkedIn member engagement with the company and its employees, and how well the companies pulled talent from LinkedIn’s Top Companies list. Additionally, the startups must be 7 or fewer years old, be privately held, headquartered in the US, and have at least 50 employees. 

Founders looking to launch a new company this year or next should take note and see what opportunities their creativity can bring to these sectors. 

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