Start-up Capital:
- $746,858 = Average
- $50,000 = Median
- 32% of companies started with $15,000 or less, 11% started with $1 million or more
Top 3 Sources of Start-up Capital:
- 72% - Personal assets
- 19% - Assets of family and/or friends
- 17% - Loan or line of credit
Growth Capital:
- 68% of companies reported having raised additional capital since start-up
- $6.9 million was the average additional capital raised (median of $1 million)
Top 3 Sources of Growth Capital:
- 44% - Loan or line of credit
- 25% - Personal assets
- 19% - Private equity
Fundraising Experience:
- 52% of CEOs reported that capital was relatively easy to obtain
- 45% reported that limited sources of capital were available, resulting in a lower investment than planned
- 3% reported that they were unable to obtain sufficient capital, resulting in an inability to grow the business
Buy vs. Lease:
- 61% of CEOs report leasing their current location, with 45% under a long-term lease and 16% under a short-term lease
- 22% report that they personally own their company’s location
- 16% report that the company itself owns the location
More Inner City 100 Numbers:
