Does Venture Capital Create Jobs?

Here is a link to an interesting analysis of venture capital funding and jobs. It appears that although there has been a recovery of venture capital financing in Silicon Valley that that has not meant a significant increase in local hiring. Either employers are now doing more with less or the jobs are being created offshore. URL: http://64.29.208.119/archive_comm_article.asp?category=Guest+Commentary&content_idx=37922