Wednesday, July 29, 2009

Fun chart of the Day: Who Entrepreneurs Are (in the US)

It's part of what has made the US great. Nearly 60 percent of entrepreneurs started from the lower middle class or below (Club for Growth).

The Kauffman report has a number of interesting facts that turn conventional wisdom on its head including the following (Scribd):

  • 80.3 percent of respondents stated that inability to find traditional employment was not at all a factor in starting their wn business. Only 4.5 percent said this was an important factor.

  • Company founders tend to be middle-aged and well-educated, and did better in high school than in college.

  • The average and median age of company founders when they started their current companies was 40 (consistent with previous research which found the average and median age of technology company founders to be 39)

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