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11. Juli 2018 · Research shows that among the top 0.1% of startups based on growth in their first five years, the founders started their companies, on average, when they were 45 years old.
- The Age of Startup Founders - Harvard Business Review
Age and generational issues Research: The Average Age of a...
- The Age of Startup Founders - Harvard Business Review
- Startup Statistics: General Facts
- Startup Success Rate Statistics
- Startup Failure Rate Statistics
- Startup Statistics: Cost and Funding
- Startup Statistics: Demographics
- Startup Statistics: Growth and Future Projections
- What to Learn from These Startup Statistics?
1. The United States is the leading country by the number of startups, followed distantly by India.
(Startup Ranking) The US has a very positive climate for start-ups, which is why it takes the lead with 70,966 startups. As can be seen, the US startup figures are monumental compared to the rest of the world. In fact, the US has 3x more startup teams than the rest of the following nine countries in the world. But it doesn’t end there; the US also stands top in other firsts, like the most startup-friendly country, and startup investments relative to population. For instance, venture capitalis...
2. Ant Financial is the most valuable unicorn startup in the world, valued at about US$ 200 billion.
(Statista) A unicorn is a startup worth over a billion dollars or more. As of December 2021, there are over 900 unicorns globally. Collectively, the 900 unicorns are worth over US$ 3 trillion; about 75% of the 900 unicorn companies have joined the one-billion market cap in the last three years. Ant Financial, a Chinese fintech company that spun off from Alibaba’s Alipay, is the highest valued startup unicorn global, followed by ByteDance (Toutiao), worth over US$ 140 billion. Although the top...
3. About ⅕ of all startups operate in the fintech industry
(CBInsights) 20.1% of all startups globally operate in the fintech (financial technology) industry. Even in the top 10 highest-valued startups worldwide, Ant Financial from China, Stripe from the US, and Paytm from India are fintech firms. Across the world, there are over 12,000 fintech startups and 5,779 in the U.S. Seeing the emerging fintech startups and new innovations, 88% of established financial giants believe that a part of their business will be overlooked by the standalone fintech c...
7. Previous successful business owners have a 30% higher chance of success with their next startup
(Skill vs. Luck in Entrepreneurship) While many may think that a successful startup is all about luck, evidence from serial entrepreneurs reveals that success has more to do with skill. Because a proven track record helps them raise startup funding for their next venture efficiently, as well as venture capitalists do not try to protect themselves with tighter control provisions. Additionally, the proven track record them have more favorable board control, vesting, liquidation rights, and more...
8. Founders who failed previously have a 20% chance of succeeding versus an 18% chance of success for the first time founders
(Skill vs. Luck in Entrepreneurship) This is one of the most counterintuitive startup statistics. But small business statistics of the past decade show that founders who have failed at a prior business have a 20% chance of succeeding because the founders have derived valuable lessons from their failures. In addition, new founders have only an 18% chance of success. Given these points, it is best to bring on someone with experience at hand. Whether they have succeeded in previous endeavors or...
9. 82% of American small business owners believe they have the right qualifications and backed up experience to run their new business even with cash flow problems.
(Small Biz Trends) Cash flow uncertainties and short-run rates are not why most small businesses fail; it has more to do with self-confidence and drive to succeed. According to startup statistics reported by Small Biz Trends, 63% of small business owners did not believe that they had enough startup funds to start their business. Yet, 93% of small business owners started their small business because they calculated a potential run rate of 18 months. Besides being confident in their abilities,...
12. 9 out of 10 startups fail, a misleading startup statistics in the context of startups
(Failory) A startup is a new business that brings innovative and scalable business ideas. So, all new businesses cannot be considered startups. Yet, most business startup statistics indicate that 9 out 10 startups fail, which is far from the truth as their startup failures report comes from Business Employment Dynamics, which focuses on all new businesses, both startups and traditional businesses (like the hair salon). It is hard to claim accuracy on the startup failure rate. The most evidenc...
13. 34% of startups fail because of lack of market-fit products or services, 22% because of marketing problems
(Failory) For one thing, 56% of startups fail because either they are not creating products or services that the market needs or not implementing the right marketing strategies. So, it is better not to invest too much time and effort too quickly; instead, you should find ways to validate your assumptions cheaply and quickly. Hard to imagine, but improper management is the second biggest factor contributing 18% to startup failure rates. So, ensure to incorporate proper team management applicat...
14. Only 40% of startups become profitable, only 9% of startups survive ten years.
(Small Biz Trends) Scary but true numbers from startup failure rate statistics by Small Biz Trends indicate that as much as 30% of startups continually lose money. 30% of small businesses break even, provided that only 9% of small businesses survive ten years in the industry but by continuously changing their business model to meet market needs. Furthermore, almost 95% of startups will close their doors within the first five years in business because of poor management, tough competition, and...
17. 75% of venture-backed successful startup firms never return cash to investors
(Failory) Startups evolve into scaleups after they have gotten past one of the biggest risks to startups — proved their products and services as market-fit. And the fact alone is enough to attract venture capital firms worldwide. The startup funding statistics from the Wall Street Journal indicate that 3 out 4 scaleups fail, to say nothing of 40% fail to return anything to the venture capital firms.
18. Only 6% of startups believe that organic growth will be their next funding source.
(Silicon Valley Bank) Of all the US startups analyzed by US Startup Outlook, more than half (52%) say they expect their following funding from venture capitalists. 17% expect to tap small and individual venture capitalists. 8% say private equity is their next go-to funding source, while only 6% believe organic growth will be their startup’s next funding source.
19. Less than 1% of startups get venture capital investment.
(Forbes) 1% — is the proportion — of the startups that get funding from venture capital firms. Most rely on savings, cash flow, crowdfunding, and forms of debt, including credit cards, to cover their startup costs. Global Entrepreneurship Monitor reports 77% of American small business founders rely on personal funds to cover the startup's costs. The banks, providing cash, credit, specialized business checking accounts, and other financial products, are the second most widely used source for s...
24. A startup founder who is 40 years old is 2.1x more likely to start a successful venture than a 25-year-old.
(Kellogg Insights) At the time of their company's founding, 3.0% of startup founders were 40 years old, compared to 2.5% of 30-year-olds and only 1.7% of 25-year-olds. Also, a 40-year-old founder is 1.3x more likely to be in the top 0.1% of startups than a 25-year-old. To sum up, the longer you have been around, the better your odds. The average age of a company founder at the time of founding — among 2.7 million founders — is 41.5 years. The average age of startup founders who exit the marke...
25. 95% of entrepreneurs that create startups have a bachelor’s degree, and 47% have more advanced degrees
(Kauffman Foundation) According to the Kauffman Foundation Startup Statistics report, almost 95.1% of all entrepreneurs engaged in startups have a bachelor’s degree. In the US, new businesses with at least one founder from an Ivy League school perform 220% better than the other startup owners. As a matter of fact, 86% of successful business owners admit that education is crucial for the startup’s success.
26. Green technology and sustainability market size will be $36.6 billion by 2025, at a CAGR of 26.6%
(Global News Wire) Startups operating in IoT, AI & Analytics, Digital Twin, Cloud Computing developing products and services like green building, weather monitoring, and forecasting apps, carbon footprint management systems will grow at a Compound Annual Growth Rate of 26.6% from $11.2 billion in 2020 to $36.6 billion by 2025.
27. 60% of entrepreneurs believe that AI is the most promising innovative technology.
(CB Insights) Artificial intelligence is no longer an idea; it has become a sizable portion of all top valued startup firms. And they will continue to do so. Since the last decade, startups operating with big data have raised over $11.7B in equity funding across 370+ global startup deals from more than 700 VCs. Most businesses using AI do not even know they are employing Industrial AI applications to market their products, analyze their competitors, and place digital ads. Yet, their usage is...
28. 20% of future unicorns operate in the fintech space, 30% involved in enterprise/big data tools are likely to evolve into as unicorns
(Fast Company) CB Insights and Fast Company set out to build an algorithm to discern the financial health of startups and came up with 50 companies likely to grow into a unicorn. According to these startup trends, 60% of future unicorns will emerge from the US. Argentina, China, France, Singapore, and Sweden are likely to produce one unicorn each, while both India and Australia will claim two future unicorns.
By now, it must be pretty much clear to you that startups are more than a five-person team and chaos. And not every startup lives to tell the ‘garage to riches’ story. Nevertheless, it does not mean that you should test your idea. You will be surprised to know how many failed startup founders are running a successful company. Most founders and invo...
21. Feb. 2023 · Using confidential administrative data sets from the U.S. Census Bureau, the team of HBR researchers found that the average age of entrepreneurs at the time of their company's founding is 42.
21. Mai 2021 · Among startups valued at $1 billion or more created over the last 15 years, the median age of the founders when starting their businesses was 34, according to research in a new book called...
2. Juni 2023 · Key findings from the research highlighted that the average age of successful startup founders is between 35 - 45 years. This finding directly contradicted the popular perception that...
27. Mai 2021 · More broadly, 2018 research published in the Harvard Business Review found that the average age at which a successful founder started their company is 45. That’s “among the top 0.1% of startups...
