Though we usually think of startups as scrappy little companies headquartered in the founder’s basement, the truth is that startups don’t actually need to be small or young. According to Forbes, a startup transition to a larger company when it reaches over $20 million in revenue, hires 80+ employees or opens multiple offices. Keeping in mind that only 10% of startups are able to make it out of the gate every year, what does it take to make it to this next business phase? In order to answer this question, the experts at Embroker have compiled a guide on the 106 must-know startup stats of this year. Take a look at the graphic below for some of the key findings, and check out the complete piece for a deeper dive.
Thanks to Embroker for this graphic.