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?
About The Author
Matt Wilson is Co-Founder of Under30Experiences, a travel company for young people ages 21-35. He is the original Co-founder of Under30CEO (Acquired 2016).
Matt is the Host of the Live Different Podcast and has 50+ Five Star iTunes Ratings on Health, Fitness, Business and Travel. He brings a unique, uncensored approach to his interviews and writing. His work is published on Under30CEO.com, Forbes, Inc. Magazine, Huffington Post, Reuters, and many others.
Matt hosts yoga and fitness retreats in his free time and buys all his food from an organic farm in the jungle of Costa Rica where he lives. He is a shareholder of the Green Bay Packers.
