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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 ─░IIIIIIIIIIIIII 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

What Type of People Raise Money for Web Startups?

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Which internet entrepreneurs are backed by venture capital? This infographic takes a look at 165 startup companies to see what patterns emerged when it comes to startups and funding. It breaks it down...

Publisher

Mashable

Designer

Lisa Waananen

Category

Technology
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