--- title: 88% are Millionaires and 6 More Surprises From Entrepreneurial Survey --- # 88% are Millionaires and 6 More Surprises From Entrepreneurial Survey Written By: [Dharmesh Shah](https://www.onstartups.com/author/dharmesh-shah) September 10, 2007 - [inc500](https://www.onstartups.com/topic/inc500) - [inc5000](https://www.onstartups.com/topic/inc5000) - [small business](https://www.onstartups.com/topic/small-business) 88% are Millionaires and 6 More Surprises From Entrepreneurial Survey Written by [Dharmesh Shah](https://www.onstartups.com/author/dharmesh-shah) on September 10, 2007 - - - - I've been a subscriber to Inc. Magazine for a long time and follow the Inc. 500 list (a ranking of the fastest growing 500 privately held companies in the U.S.).  Recently, Inc. also introduced the Inc. 5000 which is a ranking of the top 5,000 privately held companies (similar criteria to the Inc. 500).  Although I think 5,000 is too many companies to rank (and I think they're diluting the Inc. 500 brand), it's still only a fraction of the total privately held businesses out there.  As such, my hat is off to all of those that made the recent Inc. 5000 list.  [Blatantly immodest note:  My first startup, Pyramid Digital Solutions, made the Inc. 500 list for 3 consecutive years back in the day, one of the few entrepreneurial accomplishments of which I am proud]. Inc. conducted a survey of the Inc. 5000 (2,710 responded) and published some interesting results. Here are some of the highlights: 1.  88% of the respondents in 2006 said they are now millionaires (compared to 52% in 2003).  17% have a net worth exceeding $10 million. 2.  97% are planning on growing their business by hiring staff in the next 12 months. 3.  82% are self-financed (and only 4% received help from the SBA or government funds) 4.  7% plan on taking their company public in the future 5.  47% plan to start another company in the future.  [Note:  Shows that serial entrepreneurship as a pathology continues to grow] 6.  92% make over a $100k in 2006 (vs. only 59% in 2003) 7.  95% offer health insurance to their employees. The full document can be found here:  [Inc. 5000 CEO Survey](http://www.inc.com/inc5000/2007/inc5000-ceo-survey.pdf) ## Related Posts [Surprising Insights From HubSpot's $35M Mezzanine Round hubspot November 5, 2012 The following is a post from my friend and co-founder/CEO of HubSpot, Brian Halligan. HubSpot just closed its mezzanine round, so I thought I’d share some surprising things I learned… Read Post ** ](https://www.onstartups.com/tabid/3339/bid/91669/Surprising-Insights-From-HubSpot-s-35M-Mezzanine-Round.aspx) [Startup Salary Data from Private Company Compensation Survey compensation November 14, 2008 It has been a while since I’ve written an article about startup compensation (what do founders, CEOs and others make)? My previous article about startup founder compensation continues… Read Post ** ](https://www.onstartups.com/tabid/3339/bid/7336/Startup-Salary-Data-from-Private-Company-Compensation-Survey.aspx) Subscribe ### Get OnStartup News and Updates in your Inbox. ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Dharmesh Shah", "url" : "https://www.onstartups.com/author/dharmesh-shah" }, "datePublished" : "2007-09-10T12:55:00.000Z", "headline" : "88% are Millionaires and 6 More Surprises From Entrepreneurial Survey", "mainEntityOfPage" : { "@id" : "https://www.onstartups.com/tabid/3339/bid/2230/88-are-Millionaires-and-6-More-Surprises-From-Entrepreneurial-Survey.aspx", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.onstartups.com/hubfs/mjtw-assets/logos/onstartups-logo@2x.png" }, "name" : "OnStartups" } } ```