00:00 Nearly 5.5 million businesses were launched in the United States last year, making 2023
00:08 the highest year on record for new startups, according to the U.S. Census Bureau's Business
00:13 Formation Statistics.
00:15 With the many elements involved in building a successful startup, from obtaining critical
00:20 seed funding to scaling at a manageable pace, founders may not initially focus on things
00:25 like team building, company culture, and employee benefits.
00:30 But they should.
00:31 Considerable research shows that businesses that prioritize employee happiness have workers
00:36 who are more engaged and productive.
00:39 And the companies on this year's list of America's Best Startup Employers have figured this out.
00:46 Here are America's 5 Best Startup Employers.
00:50 At number 5 is Devoted Health.
00:53 Devoted is a healthcare insurance platform that focuses on Medicare Advantage plans and
00:59 offers its members personalized help navigating their healthcare needs.
01:04 The company, headquartered in Massachusetts, was founded in 2017 by brothers Ed and Todd
01:11 Park.
01:12 Devoted's member service guides have mastered the art of working remotely while staying
01:17 connected to their members and colleagues.
01:20 At number 4 is Intersect Power.
01:24 Intersect Power is a clean energy company that operates within the renewable energy
01:28 sector.
01:29 The company's main services include the development, ownership, and operation of large-scale clean
01:36 energy resources that provide low-carbon electricity, fuel, and other products.
01:42 Its website highlights the company's remote work options coupled with regular team get-togethers.
01:49 It states, "We believe everyone should work from where they work best, but we also like
01:54 getting together in person to boost connectedness, creativity, and shared experiences as a team."
02:01 Coming in at number 3 is Electric Hydrogen.
02:04 CTO and founder David Eaglesham started Electric Hydrogen in December of 2020 with the goal
02:11 of developing electrolyzer technology that could deliver a low-cost, at-scale solution
02:17 to industrial decarbonization.
02:19 In 2023, the company raised $380 million in a C-Series financing round and claimed the
02:27 title of the first $1 billion green hydrogen startup.
02:32 Meanwhile, employees at the company receive competitive benefits and enjoy working with
02:37 like-minded, mission-driven teammates.
02:41 Number 2 is Coalition.
02:43 Coalition offers cyber insurance and proactive monitoring tools against incidents like cyber
02:50 attacks, email scams, and accidental privacy violations.
02:55 Coalition prides itself on its culture and encourages employees to live by the company's
03:00 six core values – character, humility, responsibility, purpose, authenticity, and inclusion.
03:09 Number 1 is Our Next Energy.
03:13 Our Next Energy, also known as One, is a Michigan-based company founded in 2020 with the mission of
03:20 doubling the battery range of electric vehicles, which is typically around 300 miles.
03:26 At the end of 2023, One reached their first major goal post when their Gemini battery
03:32 hit 608 miles on a single charge.
03:36 The company credits much of its success to its no-ego culture and a practice of welcoming
03:42 ideas from anyone, whether entry-level or senior-level.
03:46 [END]
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