The Entrepreneur Exodus: The Next Phase Of The Great Resignation in 6 Charts
Greg Larkin
I’m the CEO of Punks & Pinstripes, a community for business punks. I'm also a speaker and advisor | ex-Bloomberg, Google, PWC | Dad, Husband, Punk. I aspire to be the Anthony Bourdain of business, but happier.
During the Great Resignation, a record 80 million Americans quit their jobs from 2020 - 2023. But they didn’t just leave work and then sit on the beach. If you keep the camera running and follow those who left their jobs a new, next phase of workforce transformation starts to emerge: The Entrepreneur Exodus - the startups that were launched by people who used to work in the Fortune 500. The most famous member of this founder demographic is Sam Altman, who used to work for Google, before founding OPEN AI.
With growing momentum, these are the most successful founders of our time, and they are reconfiguring the future of work, entrepreneurship, and the economy as a whole. Here are six charts which illustrate this massive shift in the American labor force.
It all started with the Great Resignation
Y’all are my heroes, Greg
Founder, CEO, Punks & Pinstripes
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1yGreat insights Greg Larkin! It will be fascinating to watch how the company started during this time period perform long term.
Owner at Mediterranean Work & Play LLC (Spend More Time Doing Less) and New Jersey Concierges
1yGood morning Greg, I would be curious to know what fields these 5.5 million new entrepreneurs most went into. Was it the magnet of shiny objects (AI) or a more sober look at needs in the market? How many of them are micro-entrepreneurs? What percentage of these new entrepreneurs have already thrown in the towel realizing that entrepreneurship was not for them or after spending a fair amount of money saw that their idea would not fly, romance over?
Organizational Change, Strategic Business Development. Project Management
1yI so wish somebody would do this for banking… maybe a European punk will eventually pick it up!
Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
1yThanks for Sharing.