This briefing explores startup financing trends and how access and cost of capital impact profitability. To do so, we use data from the Annual Survey of Entrepreneurs (ASE). The ASE, conducted by the U.S. Census Bureau, is the largest annual survey of American entrepreneurs ever done, and exists thanks to a public-private partnership between the Census Bureau, the Kauffman Foundation, and the Minority Business Development Agency.
The ASE samples approximately 290,000 employer businesses across all U.S. geographies and demographics, and tells the story of the American entrepreneur. Below are key ﬁndings for this brieﬁng:
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