Startup advisors come from diverse backgrounds, with varying levels of experience, education, and skills. However, certain demographic trends can be observed in the industry.
Median Age is 38
According to a survey conducted by First Round Capital, the median age of startup advisors is 38 years old. This suggests that most startup advisors are experienced professionals who have been working for a number of years before transitioning into advisory roles.
24% are Women
The same survey found that only 24% of startup advisors are women. While the gender gap in startup advising is gradually closing, there is still much work to be done to promote gender diversity in the industry.
Primarily White and Asian
According to data from the National Venture Capital Association, startup advisors tend to be overwhelmingly White and Asian. This is reflective of the broader lack of diversity in the technology and venture capital industries, and efforts are being made to address this issue.
Background in Business
While a degree in business or entrepreneurship is not necessarily required to become a startup advisor, many advisors have backgrounds in these areas. Other common degrees among startup advisors include computer science, engineering, and law.
Understands All Business Functions and Can Adapt
Successful startup advisors possess a wide range of skills, including a deep understanding of business strategy, marketing, finance, and technology. They must also be effective communicators, able to build relationships and provide guidance to startup founders. Additionally, startup advisors must be able to adapt to changing circumstances and respond quickly to challenges as they arise.
Hire a Startup Advisor
While startup advisors come from a variety of backgrounds and possess a wide range of skills, there are some demographic trends that can be observed. As the industry continues to grow and evolve, efforts must be made to promote diversity and inclusion, and to ensure that all individuals have access to the resources and support they need to succeed as startup advisors.
Upthriving is a fully integrated startup growth service for entrepreneurs that have built a product with market fit. More than a startup advisory service, we execute projects that maximize revenue for your business while you focus on building the product.