According to sources such as the Center for Venture Research and US Small Business Administration, startups are popping up quickly throughout the country. 565,000 startups launch each month, averaging $78,406 raised each and totaling more than $531 billion annually. The majority of this funding total comes directly from the entrepreneur, through a combination of personal savings and credit. Friends and family are large contributors as well – more than VC s and angel investors combined. This infographic breaks the numbers down even further.
Easy to tweet:
The American #startup scene is growing rapidly, with more than half a million being launched every month. TWEET THIS
Startups raise an average of $78k each, totaling more than $500 billion per year! TWEET THIS
Funding sources vary, with the majority ($185B) coming from savings & credit. The next highest source: friends & family ($60B). TWEET THIS
57% of #startups funded are done so with the entrepreneur’s personal savings and credit, averaging $48,000 each. TWEET THIS
One growing trend is #crowdfunding, contributing more than $5b annually. Campaigns average $7k each, over 1m successful campaigns to date. TWEET THIS
Friends & family invest in 38% of startups, averaging $38k each. Paltry when compared to #VCs, investing $5.94 mil to just .05% of startups. TWEET THIS
#Angel investors are much more active than #VCs, writing 16x as many checks and investing in nearly 62,000 companies each year. TWEET THIS
Banks give out over 97 thousand loans each year, funding 1.43% of #startups. TWEET THIS
