How Start-ups Start
How Start-ups Start
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Startup Trend in the USA
Startup Trend in the USA
Necessity is the mother of inventions. – Plato. The Recession of 2008 is the worst recession of 21st century, and many people lost their job after August 2008. This recession made people to look for Alternate opportunities such as Starting a new company, online business in different fields, especially in young generation tend to start their own small company/business. There are thousands of successful start-ups, which are now multibillion companies and even trillion dollar companies such as Apple, Amazon and Microsoft that changed the world completely. This website demonstrates an interactive dataset of different types of Startup ideas category and related funding from 2009 to 2012.
Photo credit: https://www.angelinvestmentnetwork.net/a-worldview-on-startup-stats/
In terms of numbers, the USA has by far the highest number of start-ups at 46,606, which is almost 18 times higher than the second country Canada. The UK comes in fourth place, with 4,901, just a couple of thousand behind India.
Trends in Start-ups
Trends in Start-ups
- States
Startups in the United States has been increasing throughout the years, but when comparing growth in number of startups across the states it’s observed to be a significant difference between the two states. The state of California has the highest number in the USA as it has Silicon Valley which is very famous for tech startups such as Tesla, SpaceX, Uber.
source: www.cbinsights.com
- Categories
It is observed that Music industry has led the total number of startups during the entire period of 4 years leading second category by almost double. While Music remains at the top, many changes can be seen in other categories such as startups related to Games and Theatre has boosted over a period of time because of Information Age and major advancement in cell phones and laptops. Publishing and Arts remains top favorite after Music.
Money Matters
Money Matters
Startup don't fail because of a bad product; they fail because they run out of cash - AJ
It is unfeasible to start any startup without a good capital or investments. The most important element for any start-up is capital money. Capital money is available but how feasible it is to obtain the money is different. It depends on the type of industry the start-up is based on. The data obtained is divided into two parts, the amount of capital money obtained per category and investment in each category further divided into it's sub categories.
Using a Kaggle.com dataset of approximately 10,000 startups to compare various categories of startups according to capital received and number of investors in each category to figure out in which category more investors are interested. At the first glance it can be seen that Design received the most capital of $15,432,400 and followed by Film & Video with the least being Dance of $480,093. While Publishing, Games, Comics, Film-video and Art has received almost same amount of 2 million.
The graph shows the variation in categories of startups in which the investors are more likely to invest as obtain from the dataset.
The various fields in which the start-ups can be created are shown in the graph. They have been segregated depending on the categories and sub-categories that attract the investors. In the design category, most investors prefer product design start-ups to invest in followed by design and then graphic design. The category in which the investors are least interested are is Dance which does not have any specific sub-categories.
The state in which the funding for the startups can be received quickest are Arizona, North Carolina and Mississippi. It take the longest for a start up to receive funding in the state of Michigan.
The success and failure rate for startups has not been constant over the four years. It has gone up from the year 2009 to 2011 but fell in the year of 2012. The year 2011 had the highest number, 2562 successful startups.
Conclusion
Conclusion
The website highlights various trends in startups ranging from the category which attract more investors to the category which have seen more growth over the years. Most startup ideas were proposed in the field of Music but, investors were showing more interest in Design category. Also, the best state to start a startup would be Arizona as it has the least waiting period to get a funding but, in Michigan would require a lot of patience.
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