Planning, Startups, Stories


Tim Berry on business planning, starting and growing your business, and having a life in the meantime.

Good Data Debunking Popular Startup Myths

Contrary to popular startup myths and misunderstanding, tech founders aren’t mainly younger than 30. They are generally well educated, not dropouts. They tend to start up where they are, instead of moving to Silicon Valley or other tech hubs.

Here’s a summary of data published by the Kauffman Foundation:

We observed that, like immigrant tech founders, U.S.-born engineering and technology company founders tend to be well-educated. There are, however, significant differences in the types of degrees these entrepreneurs obtain and the time they take to start a company after they graduate. They also tend to be more mobile and are much older than is commonly believed.

Founders are in their late 30s, 40s, and older

90+% have college degrees

Top-rank universities are over represented

They start closer to home

 

 

 

 

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Contrary to startup myths, tech founders aren't mainly younger than 30. They are generally well educated. They locate where they already are.