Kauffman and First Time Entrepreneurs: Statistics

What Kauffman found… !
• The average age of company founders is 40
• Dropouts are rare. 95% have bachelor’s degrees. 47 percent have advanced degrees
• 52% ranked in the top 10% of their class
• Entrepreneurs are usually the 2nd child out of 3
• 70% of entrepreneurs were married when they first launched their company
• 5% were divorced, separated, or widowed
• 60% of respondents indicated they had at least one child when they launched their first business, and 43.5 percent had two or more children