- Enterprise tech startups are generally stable during economic downturns.
- That makes them good places to work in any climate.
- We rounded up the rising enterprise startups where we think you’d be smart to take a job in 2021.
- Visit the Business section of Insider for more stories.
If there’s one industry you can bet on during an economic downturn, it’s enterprise tech.
According to a report from OpenView Venture Partners, enterprise software is virtually recession-proof. That’s because companies, whether they’re in tech, finance, retail, or virtually any industry, rely on enterprise software to make their businesses run.
That’s even more true now: As the pandemic forced businesses to shut their offices, the remote work boom has caused a surge in demand for enterprise tech that helps companies communicate remotely, analyze their data, speed up their work processes, and more.
So while there’s always some risk in taking a job at a startup, we think now may be the best time ever to make the leap.
To make this list, we looked at a broad range of attributes, including the strength of the founding team; the investors and their caliber; valuations, recent and total funding based on estimates from PitchBook (rounded to the nearest million); and the product or service the startup offers.
This year, we also paid close attention to how the business was affected by the pandemic shutdowns. This list focuses on enterprise tech startups, but you can find our general tech startup picks here.