Member-only story
Startup Statistics
Here are the most compelling stats from 2018.
It’s hard to determine the facts around Startup success and failure in this era because companies tend to release only the best data about themselves and the press tends to cover the news that Startups are putting out. I am a numbers person by trade. I love to do my own research and quantitative analysis (I know, huge nerd) on industries and markets that fascinate me. With all of the venture backed company hype and old adage that 90% of new businesses fail- I decided to do some digging of my own. I’ve compiled a list of the most surprising (relevant and up to date) Startup statistics I could find. I have depicted the data in the following infographic.
If you want to learn more about the stat or where it came from I listed the source underneath each chart. I really tried to use only reputable sources of data such as information from the Small Business Association (sba.gov) and other high quality reports.
As 2018 comes to a close, it is clear that the Startup funding landscape and growth rate is healthy. One thing I would point out is that while there is a lot of venture capital and investment- the median salary for an entrepreneur is still only $50k and less than 6% of all new businesses started in 2017 into 2018 were funded by venture capital. In an age where it seems as if everyone is raising millions of dollars, it’s worth noting that many Startups are bootstrapped and initially self funded.
If you have any great Startup statistics please comment them below- I would love to read about them!
