Datastream
The Link Between Entrepreneurship and Mental Health Conditions
The Briefing
- Prevalence of ADHD, substance use disorders, and mood disorders appears to be higher in entrepreneurs than in the general public
- One-third of entrepreneurs reported two or more co-occurring mental health conditions
The Link Between Entrepreneurship and Mental Health Conditions
Entrepreneurship has long been associated with traits like risk-taking, persistence, and creativity. It’s no surprise, then, many of the world’s most successful companies were brought to life by neurodivergent founders.
Neurodivergence refers to natural differences in brain function among individuals with conditions such as autism, ADHD, dyslexia, and bipolar disorder. As this 2019 study demonstrates, entrepreneurs appear to experience mental health and addiction issues more frequently than the general public, and tend to have families with these illnesses at a higher rate.
Nearly half of entrepreneurs included in the study have one or more mental health conditions. Below the are the numbers for four of the conditions studied.
| Entrepreneurs | General Sample Group | |
|---|---|---|
| ADHD | 29% | 5% |
| Depression | 30% | 15% |
| Bipolar | 11% | 1% |
| Addiction | 12% | 4% |
The research also looked at anxiety, but found that levels were similar between entrepreneurs and the sample group.
Obsessive-compulsive disorder (OCD), dyslexia, and Asperger’s Syndrome, which are not included in this research, are other noteworthy conditions that are sometimes connected with entrepreneurship.
Asperger’s, in particular, is present in a number of successful founders, including Elon Musk and Bill Gates. Peter Thiel, billionaire investor and serial entrepreneur, has argued that this mild version of autism could be an asset in founding successful companies.
An Open Question
There are two competing ideas around the link between entrepreneurship and mental health conditions.
First, some posit that traits associated with mental health conditions (e.g. hyperfocus for ADHD, or attention to detail for Asperger’s) are assets in the startup world.
Secondly, it is also thought that because neurodivergent individuals have more trouble succeeding in conventional frameworks in academia and business, they are more likely to forge their own path by founding companies and pursuing self-employment.
It’s entirely possible that both these ideas are true. The more research that is published around mental health and entrepreneurship, the clearer view we have on the traits associated with creating successful businesses.
The more open the conversation is around mental health, the more we can create conditions in the workplace that empower neurodivergent individuals.
Source: Freeman, M.A., Staudenmaier, P.J., Zisser, M.R. et al. The prevalence and co-occurrence of psychiatric conditions among entrepreneurs and their families. Small Bus Econ 53, 323–342 (2019).
Data notes: Data was analyzed from 76 MBA student and faculty pool participants, 149 psychology students, and 110 entrepreneurs not affiliated with the university. Participants from either recruitment group who reported a history of self-employment or founding or co-founding a for-profit or non-profit business were categorized as entrepreneurs (n = 242).
Hat tip: We discovered this research via The Generalist who published a fantastic post on who becomes an entrepreneur.
Datastream
The 10 Longest Range EVs for 2023
This infographic lists 10 of the longest range EVs currently for sale in the U.S. in 2023. The Lucid Air takes first place at 516 miles.
The Briefing
- EV models with over 300 miles (480 km) of range are becoming more common in the United States
- The Lucid Air (Grand Touring trim) has the highest EPA range at 516 miles (830 km)
The 10 Longest Range EVs for 2023
Range anxiety is frequently cited as one of the biggest turnoffs of electric vehicles (EVs).
Even as recent as 2021, the average range of an EV was just 217 miles (349 km), falling significantly short from the average gas car’s range of 413 miles (665 km). Thankfully, as this infographic shows, EVs with over 300 miles of range are becoming more common.
Below are the top 10 EVs for 2023, ranked by their EPA combined driving range. For further context, we’ve also included price. These values are for the specific trim that achieves the stated range. In some cases, more expensive trims are available but have a lower range (e.g. Tesla Plaid).
| Model | EPA Combined Driving Range | Price* |
|---|---|---|
| Lucid Air | 516 mi (830 km) | $138,000 |
| Tesla Model S | 405 mi (652 km) | $84,990 |
| Hyundai Ioniq 6 | 361 mi (581 km) | $45,500 |
| Tesla Model 3 | 358 mi (576 km) | $55,990 |
| Mercedes-Benz EQS | 350 mi (563 km) | $104,400 |
| Tesla Model X | 348 mi (560 km) | $94,990 |
| Tesla Model Y | 330 mi (531 km) | $52,990 |
| GMC Hummer EV Pickup | 329 mi (529 km) | $110,295 |
| Rivian R1T | 328 mi (528 km) | $74,800 |
| BMW iX | 324 mi (521 km) | $87,100 |
*Most recent prices available as of April 2023
Note that the EV market is rapidly evolving, and the data in this table has a limited shelf life. For example, Rivian is releasing a battery option dubbed the “Max pack” which promises up to 400 miles, but is not yet EPA rated.
Where Does This Data Come From?
Source: Car and Driver (range), manufacturer websites (price)
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