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If you've ever thought about quitting your job and A Busty Girl Caught Having Sex While Taking A Lookbook Photostarting something new, a survey from Clarity Capital about tech workers laid off during the pandemic found that might be a great idea, according to a report by Emily Dreibelbis of PCMag.com.

Of 4,188 respondents, a staggering 1,007 reported starting their own company post-layoff.

The top motivations for doing so were more professional growth (58%) and more money (52%), although not being paid enough ranked lower (35%). Perhaps they were being paid enough, but they knew they could make more while gaining new skills.

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a graphic showing reasons for starting a company. 58 percent said "For personal growth." 52 percent said, "For more money," and 49 percent said "To create something new."

Here's why. Credit: Clarify Capital Survey

They were right. Self-employment has yielded handsome pay bumps: Founders are now making $13,000 more on average. And millennials are raking in an additional $17,535.

A chart showing annual income increases. About $14,000 for men, and $1,300 for women. For Gen-Z about $7,000 more, for millennials about 18,000 more, and for Gen-X about $15,00 more

Here's how much more they make. Credit: Clarify Capital Survey

Still, 70% of those surveyed went through a period of remorse related to the decision. Gen Z respondents, some of whom may have left their first jobs ever to start their own companies, reported the most turmoil over their new daily grind, at 79%. They also experienced the smallest pay increase—$6,638, on average.

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What lessons can we learn from all this? Data behind why former tech workers began their startups and the challenges they encountered are quite revealing.

Most respondents made the decision within a year of being laid off (72%). The ideas they chose to pursue were most often closely related to their former companies, with 91% saying they're competing directly.

A chart showing how long it took most people to start a business after being laid off. Most did so within 12 months, and the majority of those waited six months.

Here's how long it took. Credit: Clarify Capital Survey

Most got started the old-fashioned way, by using their own money—$20,000 on average—and 70% secured investments from friends and family, mostly around $8,000. For an extra "stick it to the man" moment, 84% of new founders tapped connections from their former companies for funding.

A detailed chart a section on people's funding sources, and a second section on people's challenges. Most funding came from friends and family, and the biggest challenge was finding the right technology.

Funding sources and challenges. Credit: Clarify Capital Survey

Acquiring customers took varying amounts of time, but most of these new businesses found it took eight months or less (68%). A fortunate subset found buyers within three months (18%).

In the end, most of these new company founders are happy with their decision. Respondents reported feeling surprised, excited, confident, and optimistic about their new venture. The majority reported having better mental health, more job security, and better work-life balance.

A detailed chart about the emotions of business founders. Most of the feelings are positive.

Feelings. Credit: Clarify Capital Survey

Survey Methodology (learn more):

4,188 former tech employees surveyed
1,007 indicated having launched their own companies afterward
- 52% men and 48% women
- 25% Gen Z, 36% millennials, 25% Gen X, and 14% baby boomers
For short, open-ended questions, outliers were removed.
The margin of error was plus or minus 3%, with a 95% confidence interval.

This article originally appeared on PCMag.com, Mashable's sibling site. PCMag.comis a leading authority on technology, delivering Labs-based, independent reviews of the latest products and services.

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