The companies where workers are most likely to become founders

The companies where workers are most likely to become founders

You all the time have to begin someplace. In the case of many a profitable startup founder, which means working a day job earlier than they’re prepared to strike out and begin their very own new enterprise.

So, where are the very best locations to work for future founders? Multiple big-name companies prime the listing, in accordance to a new report from small-business lending platform OnDeck, which examined massive U.S. companies with excessive charges of former staff launching their very own companies.

Those huge names embody like administration consulting big Bain & Company, monetary companies behemoth Goldman Sachs and even Twitter, the social media platform not too long ago acquired by Elon Musk.

Boston-based Bain tops the listing with 8.13% of former staff happening to become founders, the very best of any firm in OnDeck’s evaluation. Notable alumni of Bain & Co. who went on to entrepreneurial success embody Zynga founder Mark Pincus and Intuit co-founder Scott Cook.

Here’s the highest 5:

  1. Bain & Company: 8.13% of former staff have gone on to discovered their very own enterprise.
  2. Oliver Wyman: 7.93%
  3. McKinsey & Company: 7.75%
  4. Strategy&: 7.44%
  5. Universal Music Group: 7.39%

To decide its rankings, OnDeck began with an inventory of the 100 largest employers in every state, based mostly on knowledge from job-search web site Zippia. OnDeck then analyzed the LinkedIn profiles of greater than 228,000 staff who had beforehand labored at these companies throughout the U.S. to decide what number of had gone on to launch their very own companies as both a sole founder or co-founder.

The prime 4 companies on OnDeck’s listing all hail from the consulting world, which is not shocking: Consultants at these companies are typically tasked with serving to purchasers hone their administration and enterprise methods.

Should they finally resolve to put these expertise to work for their very own startup, their connections to traders and different deep-pocketed purchasers may give them a leg up when accessing the funding mandatory to launch and develop a brand new enterprise.

Twitter is the listing’s highest-ranked tech agency, with 6.17% of former staff happening to launch their very own enterprise. Having a big-name tech firm in your resume is a method to get the eye of potential traders, and you may meet different gifted tech workers who you possibly can doubtlessly rent down the highway.

Some of the tech workers who left — whether or not by layoff or selection — amid Musk’s takeover of Twitter are already launching microblogging rivals, like Spill. The firm’s historical past of manufacturing entrepreneurs even goes again to its own founders: Jack Dorsey launched funds platform Square and Evan Williams based Medium, each after Twitter.

If you’re employed on Wall Street, you possibly can join with potential traders who might again future ventures. This was the case for billionaire Jeff Bezos, who left his job at Wall Street hedge fund D.E. Shaw in 1994 to transfer to Seattle and launch an e-commerce enterprise that grew to become Amazon, OnDeck famous.

Goldman Sachs leads the way in which amongst monetary companies companies on OnDeck’s rankings, with 5.92% of former staff changing into founders. Those notable alumni embody personal fairness billionaire Robert Smith, the founder and CEO of Vista Equity Partners, and Coinbase co-founder Fred Ehrsam.

By focusing totally on massive companies, OnDeck’s report would not present a complete listing. Working at a startup earlier than launching one your self can provide invaluable expertise in what it takes to get a brand new enterprise off the bottom.

Indeed, entrepreneurs like Y Combinator’s Michael Seibel advise aspiring founders to first work for different startups of their trade of curiosity earlier than putting out on their very own.

Sign up now: Get smarter about your money and career with our weekly newsletter

Don’t miss:

The 3 biggest reasons startups failed in 2022, according to a poll of almost 500 founders

Startup funding has tanked over the past year—and recession fears are to blame

I quit my $35K job to grow my side hustle — now it brings in $141 million a year