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LinkedIn reveals most in-demand Silicon Valley startups

LinkedIn has revealed its list of the most in-demand Silicon Valley startups of the year, based on the companies that are attracting the most job interest from software engineers.

According to the findings, Cloudera, Dropbox and Violin Memory are the three biggest names to watch.

The social media company analysed the interactions between over 287,000 IT professionals from the San Francisco Bay Area and companies with fewer than 500 employees, between January and May 2013.

Ranking the startups through this method is based on the idea that the local engineering talent are well placed to point out the startups that are most likely to succeed - these will be the destinations that they are seeking employment.

LinkedIn also points out that a startup's ability to attract the best talent will hugely help the businesses develop their product and attract further funding.

"If managing a hyper-growth tech startup in Silicon Valley is like launching a rocket, then the fuel is a mix of venture capital funding and engineering talent," James Raybould, LinkedIn's director of insights said in a blog post.

"The right group of engineers can thrust a startup to a sky-high valuation – which then attracts even more funding and talent – eventually pushing select startups into billion-dollar orbit," he added.

Based on last year's list, the system seems to work. Of the 2012 'InDemand' companies, six have now reached a "post-startup" level, with over 500 employees and valuations between $1 billion (£650 million) and $5 billion (£3.26 billion). The remaining four have made this year's list.

From looking at the data, LinkedIn said that this year, similarly to last year, "Big data, networking and storage, and consumer are hot topics. Bay Area engineers are still most attracted to businesses that focus on one of these three key areas."

So without further ado, here is LinkedIn's top 10 'InDemand' startups of 2013:

1. Cloudera - open source software which analyses big data.

2. Dropbox - cloud-based storage provider.

3. Violin Memory - flash memory storage service.

4. Nimble Storage - flash-optimized storage provider.

5. Hortonworks - company that develops and distributes open source data software Apache Hadoop.

6. GoPro - wearable camera producer.

7. Jawbone - wearable technology maker.

8. Big Switch Networks - open software network developer.

9. Pinterest - image based social media site.

10. Nutanix - Virtual computing provider.