In theory, mentorship can be a great thing. After all, which entrepreneur or business owner wouldn’t want to get a helping hand or unfiltered advice from someone with more experience doing what they’re trying to do?
But can you really quantify the value of mentorship? It turns out that Endeavor, the New York-based nonprofit that supports startups globally, did just that. Through its research arm, Endeavor Insight, it build a study around 700 New York tech founders and discovered that mentoring relationships could play a big role in helping a company go down a successful path.
Here’s how Endeavor Insight director Rhett Morris described in a TechCrunch blog postsome of the study’s results:
Top-performing founders such as Chad Dickerson of Etsy and Nat Turner of Flatiron Health have been mentored by other successful entrepreneurs like Caterina Fakefrom Flickr and Brian O’Kelley of AppNexus.
Relationships like these are quite powerful … 33 percent of founders who are mentored by successful entrepreneurs went on to become top performers. This is over three times better than the performance of other New York-based tech companies.
And, for New York City-area women interested in taking part in a special mentorship event on March 30, sign up for the New York Business Journal’s first-ever Mentor Monday event. At this special breakfast event, you’ll be able to get time with some of the top female entrepreneurs and business professionals. Go here to register and use this code ( MMHALFNY) to get 50 percent off the ticket cost. One added incentive: by signing up, you’ll be able to check out the new One World Trade Center.
J. “Josh” Jennings Moss has spent time on the police beat in Florida, on the political trail in Washington, D.C., and on the business front in New York. Among the places he’s journalized: Condé Nast Portfolio, FoxNews.com, ABCNews.com, the Advocate, the Washington Times, and the Tampa Tribune. Josh graduated from the University of Arizona and lives in New York City.