Startup Map & Trends Analysis – September 2012
September’s Startup Map showcases the latest trends in startup profiles created on Gust between September 1st and September 30th. Some of the entrepreneurs chose to keep their startup profiles private and therefore are labeled as unpublished in this month’s map, and were not included in the trends analysis.
In September the US has once again shown the highest concentration of startups, even though there was a decline when compared to the month of August. Canada also saw a decline, falling from second to fourth place. Meanwhile, France prevailed with a double-digit percent increase, jumping up one spot and into third place. The newcomer to the top five countries in September was the UK, which more than doubled its prior amount of monthly startups. Other countries with a surge in new companies are Colombia, Australia, and Spain.
Within the US, California significantly led the startup scene, while New York, Florida, and Texas followed closely behind in subsequent order and remained in the same top places as August. Georgia and Pennsylvania bumped Illinois out of the top five, and were tied for fifth place. However, the states with the highest monthly increase in percentage terms were South Dakota, Kentucky, and Hawaii, also likely due to their small baselines, but yet demonstrating a potentially interesting trend.
The top industries stayed relatively unchanged from the previous month, with Internet/Web Services and Consumer Products and Services leading worldwide. Interestingly, two new industries made it into the top ten, Education and Clean Tech, both with double-digit increase rates. The US is the leading country for the Education industry, with every 1 out of 2 startups in Education coming from the US.
Not surprisingly, many new startups across the world are in the development stage. This means almost 1 out of every 5 startups have a product in development, whereas less than 10% are product ready, and even less are in revenue stage, which make up only 3%.
Check back soon to read October’s edition of the map and trends analysis.
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This article is intended for informational purposes only, and doesn't constitute tax, accounting, or legal advice. Everyone's situation is different! For advice in light of your unique circumstances, consult a tax advisor, accountant, or lawyer.