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"Over the period from 1996 to 2004, an average of 0.36 percent of the adult population created a new business each month, representing approximately 550,000 new
by transburgh 20y ago
"Over the period from 1996 to 2004,
an average of 0.36 percent of the adult
population created a new business each
month, representing approximately 550,000
new businesses per month." from a Kauffman report
http://www.kauffman.org/pdf/kauffman_entrep_index_0905.pdf http://www.kauffman.org/pdf/kauffman_entrep_index_0905.pdf
- mxh 20y agoInteresting .... thanks for the link. Though, in the context of that report, a 'new business' need consume only 15 or more hours per week to 'count'. Such low-intensity enterprises aren't really what the YC (or VC) crowd is interested in (whatever their other virtues), so I think there's a bit of an apples-and-oranges problem with the 550K/mo number, even assuming there are no deeper statistical problems with the report.