Investors may be cooling on early stage tech startups but that there are still some hot young companies in the sector, if you know where to look.
The folks at startup research company Mattermark did that for their subscribers last week, ranking 582 Bay Area companies that have raised $10 million or less. The growth scores of these 10 rose to the top, showing strong early traction.
In addition to funding, factors taken into consideration included employment growth, increases in social media and website traffic and inbound links to the companies. The momentum of more than half of the top 10 has slowed, according to Mattermark.
“We left out pharma and biotech companies because they typically raise more money at their early stages than tech companies do,” Mattermark’s Nick Frost told me. The momentum of more than half of the startups in the top 10 slowed, including No. 1 Product Hunt.
Read more: San Francisco Business Times These are the 10 hottest Bay Area startups with under $10M in funding
San Francisco new product review company Product Hunt, led by Ryan Hoover, is ranked as the hottest early stage company in the Bay Area by startup research company Mattermark.