July 17, 2007

Some interesting statistics…

  • 62% of entrepreneurs in the US claim “innate drive” as the number one motivator in starting their business. –Northeastern University’s School of Technological Entrepreneurship, October 2006
  • 42% of entrepreneurs say they launched their first venture during childhood (i.e. lemonade stand, paper route, etc.). –Northeastern University’s School of Technological Entrepreneurship, October 2006
  • 1 in 8 businesses that pitched to angel investors received funding in 2006. –Center for Venture Research at the University of New Hampshire, October 2006
  • 77% of people use their own money or family assets for business startup funding. –US Census Bureau, September 2006
  • 35% of businesses owners who have been approached to sell their business but decided against it did so because they anticipated continued growth. –GW Equity, September 2006
  • 49% of the nation’s businesses are operated from home. –US Census Bureau, September 2006
  • The average angel group invested $1.45 million in 2005. –Angel Capital Education Foundation/Ewing Marion Kauffman Foundation, July 2006
  • 69% of business leaders say it’s important to have a mentor. –Grant Thornton’s View newsletter, December 2005
  • 0.29% of the total adult population started a new business every month in 2005. –Kauffman Foundation, June 2006