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LOL

• thepanister 18y ago
  Why do you laugh? If I am saying something wrong, then I would like to know it. I am here to learn! You wrote this: 465,000 people creating new businesses on average each month Does it mean that there are around half million people create new businesses monthly? If this number is monthly, then there are around 5.58 Million people make new startups/businesses yearly? Is there any proof that these numbers are real ?
  • sscheper 18y ago
    I'm not laughing at you; I'm laughing with you ;) I'm definitely open to an alternate figure -- I just feel Kaufman is reputable to trust. To answer your question, half a million yearly (465,000)*(12)=5,580,000
    • noaharc 18y ago
      5,580,000 is intuitively a ridiculous number, and the reason they use it is that their definition of startup is incredibly lax. First, they're looking at businesses of all types, not just the scalable, tech-oriented businesses that we typically consider startups. The states with the most entrepreneurial activity, by their metric, were "Montana, Mississippi, Georgia, Oklahoma and Maine". Pretty clear we're not dealing with startups then. Second, they are counting (or attempting to, anyway) all businesses, incorporated or unincorporated. Everything from your neighbor's babysitter to Bechtolsheim's latest, I guess. So, pretty much worthless. But it did get our attention.