Recently Under30CEO polled it’s audience to see how much money they spent to start their businesses. Below is the results of just over 500 responses to the question. Not surprisingly many people have taken the leap with less than $10,000. However, we can also see that $50,000+ came in as the 2nd most common answer. The real question of course is how many of these companies are profitable or will exist in 3-5 years.
Do you think the ones with more investment have a better chance at surviving or being more successful? Or does it depend on industry and your long-term goals for where you want the business to be?