Coresignal: One in Three Startup Founders Are Serial Entrepreneurs

NEW YORK, April 5, 2023 (Newswire.com) - Data shows that one in three startup founders are serial entrepreneurs, meaning that they have founded more than one company.

This and more interesting facts about company founders were presented in an analysis conducted by Coresignal, a leading provider of high-quality web data supporting investment, HR technology, and sales strategies.

The analysis that includes public web data on over 150,000 company founders who have founded a company in the past two years shows that these professionals have some similarities when it comes to experience and entrepreneurship.

For 35% of people who have founded a new company over the last two years, this isn't their first. However, founders are likely to focus on one business at a time, as only 2.6% of them have founded more than one company in the course of 2 years.

Analysis of experience patterns among new company founders from around the world revealed that 6.8% have previously worked in unicorn startups, companies that exceed 1 billion evaluation.

A similar pattern was seen looking at experience working for tech giants, as 6.3% of 150,000 new company founders included in this analysis are former employees of the largest tech companies, such as Apple, Google, Amazon, and Microsoft.

While most company founders are open about what they're working on, at least 2.8%, or a little over 4,300 company founders Coresignal included in this analysis, operate in secrecy, commonly known as stealth mode. Founders working on secret projects have stealth startups or call themselves stealth founders.

Almost 40,000 of the 150,000 founders Coresignal included in their analysis are based in the United States. 2.5% of these founders have graduated from Ivy League schools.

About Coresignal

Coresignal is a leading public business data provider in the alternative data sphere with an extensive focus on firmographics and profiles of professionals. With an offering of 660 million professional profiles and 98 million company data records, businesses are guaranteed to find the data to achieve their goals. Coresignal is exceptional in terms of data freshness, with 284 million records updated monthly for unprecedented accuracy and relevance.

Source: Coresignal