The Hockey Stick Research Study is a quantitative analysis of 172 successful start-ups of all types. Below are just a few of the insights the study provides such as…
Do industry experts make better founders than outsiders?
Prior to year three, startups founded by industry insiders perform slightly better, but by year seven, the tables are turned and startups founded by insiders have average revenue of $14.9 million versus $31.4 million by outsiders.
What is average revenue for startup businesses?
Across the 172 businesses, median startup revenue is $0 year one and rises to nearly $3 million per year by year four.
How much does initial investment impact revenue over the long-term?
Firms that raised more than $100,000 to start recorded revenues during their seventh year of $37 million versus only $18.7 million for firms that raised less than $100,000.
How fast does revenue grow?
During the first two years, even startups that became huge companies (revenues $100 million+) recorded similar revenue as opposed to startups that grew smaller (revenues less than $100 million).
