Whether you have a small business or are thinking of getting into the game in 2022, you need to check out these new important startup statistics.
Lucky for us, we live in the information age. However, the downside is: how do you sort through all that information then use it?
That’s why we’ve done the hard part for you. We’ve gone through the data and sorted it into relevant categories.
Here are the most important statistics in the world of startups that you need to know as of 2022.
Startup success vs. failure rates
First, we are going to go over one of the biggest startup questions of all:
What are their success rates?
The simple answer is that only 10% of these new ventures are successful. However, there are some other, more encouraging statistics to consider.
Of that 90% failure rate, only 29% of them fail due to lack of funding. The number one cause of startup failure (42%) is not addressing customer needs and misreading the market.
Therefore, making market research a priority increases your chance of a profitable new business.
Funding and investing startup statistics for 2022
The next important statistics you’re likely to be interested in regard funding and investing. Here, there is some good news and bad news.
Only 1% become unicorn startups, and the ones that become unicorns usually take on over $1 billion in debt to do so.
On the other hand, one-third of new ventures start with less than $5,000. After that, 75% of all startups use credit cards, business loans, and other lines of credit to get off the ground.
The takeaway here is to not let funding be a barrier to getting your startup going.
Fintech startup stats
With crypto and forex on everyone’s mind, we had to include fintech startup numbers.
It is an interesting statistic to note that the most successful fintech startups are not based in new technology. They are more focused on data sequencing and continuous improvement through customer testing.
Furthermore, 80% of financial institutions have now entered into a fintech partnership.
These are the most current and important startup statistics in 2022.
We hope this information gives you insight into new business opportunities and innovation.
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