Here are some interesting statistics on entrepreneurs. According to Contactme, 40 is the average age for startup founders. 70% of them have worked at other companies before starting up. Most entrepreneurs have a bachelor degree, come from the middle class family, married and is most likely the first child.
Getting access to capital is the greatest obstacle and this infographic highlights the importance of networking. Having a good business idea isn’t enough. It’s about who you know and not what you know. 4 out of 10 faced difficulties establishing the initial contact with investors. It doesn’t look good because investors usually place more emphasis on the people than the idea. Even if an entrepreneur were to encounter an investor, the quick pitch has to be right. Roughly one minute is all we got and we need to perfect that one sentence pitch to impress them.
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