Poll Results: How Much Money it Takes to Start a Company : Under30CEO Poll Results: How Much Money it Takes to Start a Company : Under30CEO
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Poll Results: How Much Money it Takes to Start a Company

| March 22, 2012 | 5 Comments

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?

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Category: Startup Advice

  • http://revplace.com/ Aaron Wright

    These are surprising results. I would be interested to see how it divides up by age group. I suspect that the younger age groups are also in the lower cost range for two reasons. First, web startups seem to be all the rage among young treps, and you can start a pretty decent website these days for less than $10k. Second, many young people would be forced to start their business on the cheap out of necessity, given that they don’t have much money. Older people on the other hand have more capital saved up, and may have already started another business before, so they would likely have an easier time getting funding for the higher-cost startups. If that is the case, I would suspect that the more expensive businesses would be more likely to last, given the more experienced leaders and access to funding. I would be interested to see more extensive research on this.

  • http://revplace.com/ Aaron Wright

    These are surprising results. I would be interested to see how it divides up by age group. I suspect that the younger age groups are also in the lower cost range for two reasons. First, web startups seem to be all the rage among young treps, and you can start a pretty decent website these days for less than $10k. Second, many young people would be forced to start their business on the cheap out of necessity, given that they don’t have much money. Older people on the other hand have more capital saved up, and may have already started another business before, so they would likely have an easier time getting funding for the higher-cost startups. If that is the case, I would suspect that the more expensive businesses would be more likely to last, given the more experienced leaders and access to funding. I would be interested to see more extensive research on this.

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