Mental Health 101

62%

38%

of entrepreneurs felt depressed at least once a week

sought professional help for their mental health in the last year

46%

51%

said mental health issues interfered with their ability to work

say work-life balance is their biggest source of stress

Mental Health Struggles that Affect Entrepreneurs

Research conducted by Startup Snapshot shows that 72% of entrepreneurs encounter mental health challenges.

  1. Anxiety and Burnout: 37% experience anxiety, while 36% face burnout.

  2. Panic Attacks: 10% suffer from panic attacks.

  3. Depression: 30% of entrepreneurs experiencing high levels

  4. ADHD: 29% were impacted compared to non-entrepreneurs

  5. Stress: 54% of founders feel significant stress over their businesses, with the fear of failure being the primary source of stress.

Despite this, 93% of founders would choose to start their businesses again, even when faced with these various challenges.
— Startup Snapshot

Risk Factors for Entrepreneurs

  1. Concealing Stress: 81% of entrepreneurs conceal their stress, fears, and difficulties from others. Over half hide these from their own co-founders.

  2. Reluctance to Seek Help: 77% of founders are hesitant to seek professional help. Younger entrepreneurs associate a greater stigma with seeking assistance compared to older ones. Additionally, male founders are almost twice as likely to perceive a stigma in seeking help as female founders.

  3. Sleep Deprivation: More than half of the founders lose sleep since starting their companies, and this increases with the amount of capital raised.

  4. Reduced Exercise: 47% of founders exercise less—when they need it most for mental health—than they did before starting their businesses.

  5. Time Sacrifices: Entrepreneurs spend 60% less time with spouses, 58% less time with children, and 73% less time with friends and family. The average reported loneliness level is 7.6 out of 10.

  6. Financial Stress: Financial concerns are a significant cause of stress and anxiety for entrepreneurs.

  7. Long Working Hours: Reportedly, 86% of entrepreneurs work more than 40 hours per week, with 1 in 3 working over 50 hours a week.

Symptoms of Poor Mental Health

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