They’re two of the biggest startup cities in the world, so it’s no surprise that Los Angeles and New York City are filled with people who want to be entrepreneurs.
The coasts have the most
Forty-six percent of tech workers in LA and 44% of tech workers in NYC say they plan to start a business in the next five years, according to the latest reading of an ongoing query by Comparably. More than 1,000 workers across the technology industry responded to the query.
LA (known as Silicon Beach) and NYC (known as Silicon Alley) had the highest concentration of these so-called “wantrepreneurs.” San Francisco, Austin, and Phoenix were also high on the list, each with 41% of respondents saying they plan to start a business in the next five years.
Portland comes in at the bottom
The city of Portland, Ore., had the lowest percentage of wantrepreneurs: 22% of respondents said they plan to start a business in the next five years. The nearby city of Seattle also ranked on the low end of the spectrum, at 29%.
By age
The youngest workers were generally most keen on starting a business. Forty-six percent of workers aged 26 to 30 said they want to start a company in the next five years. The rate declined gradually from there, hitting 27% among 41 to 45 year olds.
Most won’t actually start a business
Historically, very few people start a business compared to the larger whole. What’s most interesting here is that so many people *want* to start a business — a sign that the workforce has truly embraced a more entrepreneurial way of thinking and leading.
The latest reading is as of Aug. 1.
