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The Ventureburn Startup Survey is packed with insights, from the shifting demographics of South Africa’s startup landscape to a reaffirmation in the belief that funding is a major challenge for most entrepreneurs. The survey indicates a surge in black entrepreneurship and that just under half of all startups are created by founders in their 20s. The survey also confirms that the home of startups is the Silicon Cape, with just under 59% of all startups indicating they reside in the Western Cape.
It’s a lot to digest. That’s why we’ve put together this infographic, which gives you an overview of all the facts and figures around South Africa’s tech startup landscape.
The Ventureburn Startup Survey partnered with First National Bank (FNB), investment advisory firm Clifftop Colony and analytics company Qurio to poll just under 200 tech startups. Each of the startups were asked 42 questions, ranging from funding, the profile of their founders, to their revenues and the everyday challenges they face.
The survey defines a tech startup as a company with annual revenues below R20-million, and staff numbers of anywhere between 1 and 100. The survey sample size assumes a population of 5 000 tech startups in South Africa, with a 95% confidence level and a seven percent margin of error.
The infographic below gives an overview of what South Africa’s startup founders look like, where they set up shop, how they get funded and what kind of employee dynamics they have. Click on the image to enlarge or download a higher resolution image here.
More information on the Ventureburn Startup Survey:
Ventureburn survey sheds light on SA’s tough, but pioneering startup industry
No surprise: funding the biggest hurdle for SA’s startups
What do South Africa’s startup founders look like, and what drives them?
Working for SA startups may be exciting, but not at all that glamorous
Go big or go home: most SA startups need to scale fast to survive
Ventureburn Startup Survey: the full results [Slideshare]