GITNUX MARKETDATA REPORT 2024

Must-Know Entrepreneurial Statistics [Latest Report]

Statistic 1

"62% of billionaires in the United States are self-made entrepreneurs."

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Statistic 2

"69% of entrepreneurs in the U.S. start their businesses at home."

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Statistic 3

"Small businesses led by entrepreneurs make up 99.9% of all businesses in the U.S."

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Statistic 4

"About 33% of small businesses are founded with less than $5,000 in startup capital."

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Statistic 5

"Entrepreneurship rates in the United States increased by 15.5% between 2019 and 2020."

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Statistic 6

"20% of new businesses fail within their first year, while 50% fail within their first five years."

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Statistic 7

"Over 50% of Gen Z plans to become entrepreneurs or is actively working on an idea, compared to 46% of millennials."

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Statistic 8

"Female-led startups received only 2.3% of VC funding in 2020."

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Statistic 9

"Entrepreneurial activity is 10% higher among immigrants than native-born Americans."

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Statistic 10

"Approximately 27% of entrepreneurs have a college degree."

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Statistic 11

"50% of all small businesses are operated from home, highlighting the entrepreneurial spirit."

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Statistic 12

"Social media platforms are the most popular marketing tools for entrepreneurs, with 80% relying on them."

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Statistic 13

"In 2021, there were approximately 6.8 million minority-owned small businesses led by entrepreneurs in the U.S."

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Statistic 14

"Entrepreneurs aged 35 to 44 represent the second-largest group of new entrepreneurs at 30.36%."

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Statistic 15

"44% of entrepreneurs consider “networking” to be vital to their success."

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Statistic 16

"17.2% of global working-age individuals are engaged in early-stage entrepreneurial activity."

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