8% of startups fail due to lack of advisors and mentors. Mentored startups grow 3.5x faster and raise 7x more money.Mentors can be very helpful in scaling the CEO. Mark Zuckerberg, Bill Gates, Steve Jobs, had mentors to guide them in their entpreneural journey.
92% of small business owners agree that mentors have a direct impact on the growth and survival of their business (inc42). In 2013 executive coaching survey, 80 percent of CEOs said they received some form of mentorship. In another research by Sage, 93 percent of startups admit that mentorship is instrumental to success.