Some Interesting Startup Statistics And Facts

Hello Guys, We all know that 2018 is on the end and in this article I'll tell you about some facts and statistics about startup. We all know that many startup starts every year. But do we know the answers of the below questions -

• What percentage of entrepreneurs are successful?
• What is the average age of an entrepreneur when they start a business?
• What is the job outlook for an entrepreneur?
• What is the average salary of an entrepreneur?
• How often do new businesses fail?
• What is the main reason that entrepreneurs fail?

So let's talk about answers of these questions :

1. 90% Startup fails :

                                                      - 50% Startup fails in first 4 years. 19 percent of startups fail because of too much competition, and another 18 percent fail because of pricing or cost issues.

- 74% high growth internet startup fails because of premature scaling.(Startup that scale properly grow 20 times faster then startup that scale prematurely.

2. Startup Funding :

                                   - 80% startup are self funded or by friends or family.

- Only 1% startup are funded by VC firms.

- 29% of startup runs out of cash before they fully established .

- 75% of startup that fonded by venture caplital(VC) never gives return to investors on their money.

3. Success Chances :

                                   - 20% founders failed in their first startup gates success in their second startup.

- 80% of successful startup have multiple founders.

4. Some Other Facts :

- According to a First Round survey, the number of startup founders in their twenties falls somewhere around 20 percent. A paltry 3 percent are between the ages of 21 and 25.

- Founders of the companies with the highest growth clocked in with an average age of 45.

- While it is true that 51.6 percent of businesses started out running from someone’s home, many of those entrepreneurs were well educated.

- 39 percent of business owners have a bachelor’s degree or higher. In a survey run by the Kauffman Foundation, 95 percent of the business founders surveyed had at least a bachelor’s degree, and 47 percent had even more advanced degrees.

Most Profitable Startup Sectors :

• Virtual and Augmented Reality (VR/AR),
• Medical Marijuana,
• Financial Technology, and
• Biotechnology.

Info-graphics of startup failure :

Credit - https://www.failory.com