What Type of People Raise Money for Web Startups?

Who are the internet entrepreneurs backed by venture capital? A tudy acded 15 just 1% are black Black people, who make up 11% of the U.S. population, are under- represented among startup founders. On the other hand, Asians make up just 4% of the population but 12% of startup founders, and all-Asian teams tend to raise the most money. 87% are white 12% are Asian half are 35 to 44 years old Teams in the 26-34 demographic tend to raise the most money. Among the three big startup states- New York, California and Massachu- setts - the founders in Massachusetts tend to be İIIIIIIIIIIIIII older. Nearly half the founders surveyed there (48%) are over 45. New York has the most young founders, with 10% in the 18-25 bracket. 4% are 18-25 29% are 26-34 48% are 35-44 19% are 45-54 only 1 in 12 is a woman IIIIII|IIIIIIIII IIIIII||IIIIII Teams with both male and female founders (8% of all teams) tend to raise the most money. Mixed teams raised $4 million on average, compared to $2.2 million for all-male and all-female teams. Of the Massachusetts founders in the study, 27% are women. 8% are female 92% are male nearly all have a college degree IIIII|||||III New York has the highest percent of founders with MBAS (64%), and also the highest percent of founders with no college degree (4%). Most common undergraduate alma maters are Cornell, Stanford, Harvard, TTTITTTTTITTTTTTIIT University of Illinois, University of Penn- sylvania and MIT. Most common schools for graduate degrees are Harvard, Stanford, MIT, University of California, Emory and Northwestern. 2% have less than 46% have an 45% have a master's degree 7% have a Ph.D. a college degree undergrad degree All data from the 2010 CB Insights Venture Capital Human Capital Report www.cbinsights.com Graphic by LISAWAANANEN for Mashable.com