Startup Snapshot, a data-sharing platform for the entrepreneurial ecosystem, just lately launched its newest report, The Untold Toll: The Influence of stress on the well-being of startup founders and CEOs.
Clearly, the emotional state of founders and entrepreneurs in any interval, particularly now on this financial surroundings, is a important driver of success. But the emotional, cognitive, and bodily toll that founding and main a startup takes is dangerously ignored and infrequently spoken about.
Startup Snapshot is illuminating the present state of the startup mindset by way of world knowledge collected from a whole lot of founders in startups of all sizes, in all verticals. It’s the biggest research of its variety. And it’s sincere and gritty, with no punches pulled.
- The startup grind takes a serious toll on a founder’s psychological well being. 72% of founders reported that the entrepreneurial journey affected their psychological well being, 37% suffered from nervousness, and 36% from burnout.
- Founders are recognized for his or her progressive spirit, however when it comes to remedy, they’re caught previously. Solely 23% of founders report going to a psychologist or coach.
- 50% of founders report a detrimental stigma round skilled psychological well being assist. Surprisingly, the stigma is greater for youthful founders, with 59% of founders beneath 35 reporting a detrimental stigma, in comparison with solely 47% of founders over 35.
- Founders masks the stress, and it catches as much as them. 81% of founders reported they don’t brazenly share their stress, fears, and challenges, fearful that vulnerability might have an effect on their status or possibilities of success.
- Enterprise capitalists want severe self-reflection as their portfolio corporations don’t flip to them for assist. Solely 10% of founders reported that they discuss to their buyers about their stressors, fearful that transparency might have an effect on their possibilities of securing extra funding.
Startup Snapshot is constant to analysis founder psychological well being, if you wish to participate in normalizing the dialogue round this vital matter, attain out to yael@ybenjamin.com.