With startup founders working an average of 64 hours a week and the majority drawing a smaller salary than in their previous role, 96 percent report feeling stressed; two thirds stated they were very or extremely stressed.
The findings have come from a report commissioned by KPMG Australia’s High Growth Ventures and supported by venture capital firms including Blackbird Ventures, AirTree Ventures, and Right Click Capital, which surveyed 70 founders of Australian venture-backed startups.