You always have to start somewhere. In the case of many successful startup founders, this means working a day job before they are ready to launch their new business.
So, what are the best places to work for future founders? Several big-name companies top the list, according to New report From small business lending platform OnDeck, which screened large US companies with high rates for former employees launching their own businesses.
These include big names like management consulting giant Bain & Company, financial services giant Goldman Sachs and even Twitter, the social media platform recently acquired by Elon Musk.
Boston-based Bain tops the list with 8.13% of former employees becoming founders, the highest percentage of any company in OnDeck’s analysis. NB alumni From Bain & Co who have found entrepreneurial success, including Zynga founder Mark Pincus and Intuit co-founder Scott Cook.
Here are the top five:
- Bain & Company: 8.13% of former employees went on to establish their own businesses.
- Oliver Wyman: 7.93%
- McKinsey & Company: 7.75%
- Strategy&: 7.44%
- Universal Music Group: 7.39%
To determine its rankings, OnDeck started with a list of the 100 largest employers in each state, based on data from job search site Zippia. OnDeck then analyzed the LinkedIn profiles of more than 228,000 former employees of those companies across the United States to determine how many went on to launch their own businesses as either a sole founder or co-founder.
All four of the big firms on OnDeck’s list hail from the consulting world, which isn’t surprising: Consultants at those firms are often tasked with helping clients hone their management and business strategies.
If they eventually decide to use these skills to work on their own venture, their relationships with investors and other affluent clients can give them a shot at accessing the financing needed to launch and grow a new venture.
Twitter is the highest-ranked tech company on the list, with 6.17% of former employees launching their own business. Having a big-name tech company on your resume is one way to get the attention of potential investors, and you’ll meet other talented tech workers you can hire in the future.
Some tech workers who left – whether by layoff or by selection – amid Musk’s takeover of Twitter, competitors are already starting to launch in the microblog, like a spill. The company’s history of producing entrepreneurs goes back to its history its foundersPayments platform launched by Jack Dorsey Square And Evan Williams Medium was founded, both after Twitter.
If you work on Wall Street, you can connect with potential investors who can support future projects. This was the case of billionaire Jeff Bezos, who quit his job on Wall Street hedge fund DE Shaw in 1994 to move to Seattle and launch an e-commerce company that became Amazon, OnDeck noted.
Goldman Sachs leads the way among financial services companies in OnDeck’s ranking, with 5.92% of former employees becoming founders. Those Distinguished graduate Include a private equity billionaire Robert SmithFounder and CEO of Vista Equity Partners, and Co-Founder of Coinbase Farid Arsam.
Focusing primarily on large companies, the OnDeck report does not provide an exhaustive list. Working for a startup before launching it yourself can provide invaluable experience in what it takes to launch a new business.
In fact, he loves entrepreneurs Michael Seibel of Y Combinator Aspiring founders are advised to first work with other startups in their area of interest before starting out on their own.
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