Gust Startup Map & Trends Analysis – August 2012
Attention startup enthusiasts! Gust is thrilled to have nearly 7,000 new entrepreneurs creating startup profiles each month. To help us visualize the scale and global reach of these entrepreneurs we have put together a monthly startup map, which captures all new startup profiles on Gust. The map showcases new entrepreneur sign ups that chose to publish their startup profiles between August 1st and August 31st. Entrepreneurs that kept their startup profiles private are labeled unpublished in the map, and are not included in the trends analysis.
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At first glance we can see the US contains the majority of new startups, with a significant 60%, but Canada, India, France, and Brazil are closely following and worth to keep an eye on for future startup growth.
Unsurprisingly the dominant industry for new startups in August is Internet/Web Services, but other top industries include Consumer Products and Services, Media and Entertainment, as well as Financial Services. However, when we compare industries across the top startup countries, we notice there are better performing industries specific to each country. For example, India has the highest percentage of startups in the Education industry, with almost 10%, while other startup leaders such as Brazil have a greater focus on the Industrial/Energy sector.
Almost a quarter of all startups have a product in development stage, regardless of industry and country location, and less than 10% have a product that is fully ready. If we zoom into the US, we find California is the leading state across all stages, which includes products in concept, development, fully ready, and revenue. 28% of California startups have a product fully ready and 25% are in revenue stage. New York, Florida, and Texas closely follow as top states across all product development stages.
We look forward to presenting September’s startups and sharing the next trend map!