10 Myths About Startup Founders


Popular Entrepeneur Myths

An estimated 9 out of 10 businesses fail due to a variety of causes. Two thirds of those survive at least 2 years with less than half making it to 4 years. Popular myths that surrounding new business startups are that the entrepreneurs are young and lack experience. On the contrary, the average startup age of entrepreneurs is 39. Many are formally educated with degrees and make an average investment of $15,000 to $20,000. Many banks do not lend money to new startups, leaving entrepreneurs having to work hard to make their new business last.