I'm building a mobile app and I'm doing some research about startups and entrepreneurship.
The market can be defined in one word: Huge!
Here are the references that I used for this slide:
- Entrepreneurs Now Numbering Near 400 Million In 54 Countries (Global Entrepreneurship Monitor – January 19, 2012)
- Who's Starting America's New Businesses? And Why? (Forbes.com – July 22, 2012)
- How many start-ups in the US get seed/VC funding per year? (Gust.com – November 22, 2012)
Its interesting to see that 5.7% of the world's population are entrepreneurs, while in the US. the average is about 3.8%. Every year only 2% of US. startups raise capital from angels and VC's. For every startup that gets money from a VC another 400 were rejected, while the ratio for angels is 1 in 40.
I'll be posting more as make progress. In the meantime you can signup to be notified when app goes live: http://signup.bigfish.io