Most businesses are small businesses like plumbers, nail salons, shoe stores, cafes, and so on. So all a graph like this shows is that fewer of those are being started.
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Journalists are often confused when they see a graph labelled "startups" that's going down. These statistics mean startups in the sense of foundings, not in the sense of a type of company. All they mean is that fewer companies of all types are being started.pic.twitter.com/SNzOWMpzBk
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In addition, my guess is that since it’s much easier to start & validate an idea today, “companies” are waiting longer to file, and thus fewer starts are getting recorded.
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The question is, why?
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Plus a lot of foreign companies that would have filed in the US are now filing outside the US as more US investors now write cheques outside the US. Estonian startups are doing this. I know at least 3 African founders that chose the U.K. because of the EIN delays at the IRS.
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Still that's a surprising graph to me
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Did startup failures also decline, i.e. more succeeding, using up the available founders? Or more individual free-lancing, reducing the need to start something, etc. I wonder.
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Ancient info 2010. was a huge economic recession so no duh.
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