Ever wondered what makes one startup succeed while another fails? Well a team of brains from Harvard Business School has put together a fascinating working paper called Performance Persistence in Entrepreneurship which answers questions related to just this.
We scoured the 35 page document and found the following pearls of wisdom.
Question: Are serial entrepreneurs more likely to succeed than first time entrepreneurs?
Answer: Yes.
All things being equal, the paper states that a VC backed entrepreneur who succeeds in a venture (by the paper’s definition, starts a company that goes public) has a 30% chance of succeeding in a follow up venture. By contrast, first-time entrepreneurs have only an 18% chance of succeeding and entrepreneurs who previously failed have a 20% chance of succeeding.
To read the full, original article click on this link: 9 Questions and answers about successful startups – Harvard study | memeburn
