Ewing Marion Kauffman Foundation released a report about what it takes to start a new business, by surveying nearly 5,000 startup companies that were founded in 2004.
Nearly 60 percent of the companies had no employees during their first year in business, while only four percent had more than 10 employees.
Thirty seven percent of the companies had no revenue during their first year, though 45 percent experienced a profit.
About 80 percent of companies received an equity investment, though only 10 percent took money from outside investors. One third of the companies raised between $10,001 and $100,000.
Seventy percent of the companies were owned by men, while whites owned 81 percent of the companies in the survey. White owned businesses had a better chance of survival than businesses owned by Asians, blacks or women.
Filed under: global markets, america |
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