The "10 Years Saudi Arabia Founders Report," sponsored by Saudi Venture Capital Co., provides an analysis of the backgrounds, experiences, and expertise of the founders of the top 200 funded startups in the Kingdom.

MAGNiTT aims to dispel myths about founders, empower aspiring entrepreneurs, guide government decision-makers, and provide valuable intelligence to investors with this report.

The CEO of SVC, Nabeel Koshak, highlighted the vibrant growth of startups in Saudi Arabia.

Forty-four percent of these startups were founded by teams of two, securing 53% of the total funds.

Single-founder startups made up 30% of the funded startups but only received 15% of the funding.

Most founders, 36%, had over 10 years of work experience before launching.

Fifty-nine percent of founders had technical education backgrounds, and 39% held business degrees.

The Saudi Vision 2030 initiatives have fostered innovation, entrepreneurship, and investment in the kingdom.

The text discusses a report on the Saudi Arabian startup ecosystem, which has seen a surge in activity over the past decade with $3.3 billion in funding raised by 200 startups.

The report was aimed at providing insights for policymakers, officials, and investors to support the ecosystem further.

The data showed that 44% of these startups were founded by teams of two, who secured 53% of the funding.

In contrast, single-founder startups accounted for 30% but received only 15% of the funding.

The report also mentioned the emergence of more unicorns in the Kingdom due to significant innovation support.

The text discusses findings from a report on Saudi Arabian startups, which revealed that 36% of the 400 founders had over 10 years of work experience before launching.

The report also noted an increase in entrepreneurship among less experienced founders.

However, there was a significant gender disparity, with male founders making up 94% of the total and female founders accounting for only 6%.

This gap is wider than the global average of 15% female founders.

Furthermore, only 7% of solo female founders were identified, and no startups with two or more female founders were recorded.

The text discusses findings from a report on startups in the Kingdom.

The report reveals that while gender diversity among founders increased slightly as the number of founders per startup increased, male-only founded startups received the vast majority of funding (91% of total funding).

Specifically, 18% of startups with three founders were mixed-gender, compared to 12% in startups with four or more founders.

In terms of education, 55% of founders had at least a bachelor's degree, and 59% had technical education backgrounds.

In contrast to the global average, 39% of founders held degrees in business.

The text discusses the educational backgrounds and professional experiences of 400 Saudi Arabian startup founders.

Over half of these founders obtained their degrees internationally, with King Saud University, King Fahd University of Petroleum and Minerals, and King AbdulAziz University being the most common institutions.

Seven of the top 10 universities attended by these founders were public institutions.

In terms of degrees, international schools were popular choices, with Stanford and Harvard being among the top choices.

However, only 7% of founders had experience in finance, which is the most funded sector, and only 18% had backgrounds in banking.

Furthermore, despite e-commerce accounting for the highest share of deals, only 12% of founders had experience in this industry.

The report found that 36% of founders in Saudi Arabia have over 10 years of experience before starting their businesses, with many previously working for companies like Saudi Aramco, McKinsey, and Microsoft.

Most of these founders held significant leadership roles, while only 4% came from entry-level positions.

The majority of founders were first-time entrepreneurs, indicating a growing and vibrant entrepreneurial ecosystem in Saudi Arabia.