A recent study from Compass shows that most startup founders set aside less than $50,000 in annual revenue. Is it a factor in success? In 2008, Peter Thiel, venture capitalist and co-founder of Paypal, estimated that there was a correlation between the high salary level of startup founders and the high probability of failure. He specified at the time that founders who sacrifice everything for their startup are more dedicated to their idea.
Based on this observation
he recent study by Compass seems to demonstrate the israel phone number data validity of this proposition. Based on data from more than 11,000 startups around the world, this study shows that nearly three-quarters of startup founders around the world earn less than $50,000 per year (including any equity investments or other benefits).
Even in Silicon Valley
where salaries are the highest in the United States, 66% of founders facilitates performance analysis pay themselves less than $50,000 per year and 75% earn less than $75,000. However, this region has the lowest share of salaries compared to funding (1.98%). Compass believes that these low salaries determine the probability of the company’s success. A majority of young entrepreneurs.
Given these results, Compass received a lot of questions crawler data that forced us to dive back into the data to analyze it in more depth. It turns out that 78% of startup founders are under 40. The average salary by age group is around $36,000 for those under 20 and those aged 21-30. It barely exceeds $50,000 per year for those aged 31-40 and those aged 50 and over. Founders aged 41-50 have the highest average salary ($60,456 per year). Furthermore, two-thirds of respondents have not been involved in founding other startups before. Compass also notes that founders’ salaries increase according to their experience in founding startups. Keywords: start-up.