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Endeavor Miami 2017-18 Impact Report

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I M P A C T R E P O R T 2 0 1 7 / 2 0 1 8 WHY SCALE MATTERS: The bridge of support from the startup to scale-up stage is crucial, as most startups in Miami die before reaching five years old. 1 Birth Year 96 Micro Businesses (1-9 employees) 3 Small Businesses (10–49 employees) 1 Medium+ Businesses (50+ employees) 3 Years Old 50 Failed Businesses (Primarily Micro) 43 Micro Businesses (1-9 employees) 6 Small Businesses (10–49 employees) 1 Medium+ Businesses (50+ employees) 5 Years Old 60 Failed Businesses (Primarily Micro) 34 Micro Businesses (1-9 employees) 5 Small Businesses (10–49 employees) 1 Medium+ Businesses (50+ employees) E X P E C T E D O U T C O M E S : 1 0 0 S T A R T U P S I N T H E M I A M I M E T R O A R E A M O S T S T A R T U P S I N M I A M I D I E B E F O R E R E A C H I N G F I V E Y E A R S O L D . Source: Endeavor Insight analysis based on ten-year average in the Miami Metropolitan Statistical Area. U.S. Census Bureau, Business Dynamic Statistics, 2017. endeavormiami.org

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