Table 1.
Characteristics of companies founded prepandemic and during the pandemic.
| Characteristic | Prepandemic: March 15, 2019, to March 14, 2020 (n=2714) | During the pandemic: March 15, 2020, to March 14, 2022 (n=2218) | P value | |||||
| Geography, n (%) | .46 | |||||||
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Northeast | 697 (25.68) | 526 (23.72) |
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Midwest | 300 (11.05) | 248 (11.18) |
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South | 770 (28.37) | 650 (29.30) |
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West | 947 (34.89) | 794 (35.80) |
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| Funding round, n (%)a | <.001 | |||||||
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Seed | 586 (69) | 618 (80) |
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Early stage | 173 (20) | 113 (15) |
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Private equity | 11 (1.3) | 8 (1.0) |
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IPOb | 16 (1.9) | 14 (1.8) |
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M&Ac | 57 (6.7) | 17 (2.2) |
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Late stage | 8 (0.9) | 1 (0.1) |
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| Total funding per year since founding (US $), mean (SD)d | 10,832,252 (45,669,417) | 20,970,037 (119,295,457) | <.001 | |||||
| Number of founders, mean (SD)e | 1.75 (0.96) | 1.72 (0.93) | .32 | |||||
aData available for 851 companies prepandemic and 771 companies during the pandemic.
bIPO: initial public offering.
cM&A: mergers and acquisitions.
dData available for 901 companies prepandemic and 759 companies during the pandemic.
eData available for 1417 companies prepandemic and 1093 companies during the pandemic.