Techcrunch calls mentoring the secret of the best founders. Their analysis of 700 entrepreneurs shows that 33% of mentored founders took their startups to an exit of at least $100 million, are in the top 10% in terms of mount of equity raised and number of employees as compared to their non-mentored colleagues. Furthermore, findings by the SBA and MicroMentor show that mentored entrepreneurs generate 7X more revenue, are more likely to execute on their ideas and survive much longer.
Wandering alone in the desert is likely to kill you. Wandering alone in the desert with someone who found a way out, you’re more likely to survive. Finding an experienced mentor is key. The facts, statistics and logic prove the invaluable contribution that a mentor can add to entrepreneurs and consequently their startups. Seeking good mentors should be the highest priority of every entrepreneur.