Small Business Strikes Back: The Numbers Behind The Next 1000

In 2020, American venture capitalists invested an unprecedented $156 billion dollars into 12,254 startups, setting records in biotech, pharma and fintech. There were a record 454 initial offerings in the U.S. markets, generating over $167 billion.

But pull out a map, and you’ll see a country full of small-scale entrepreneurs who don’t have access to venture funding or Silicon Valley’s unicorn factory. According to the Kauffman Foundation, 89% of U.S. small businesses are either sole proprietorships or have less than 20 full-time employees.

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