The label of “serial entrepreneur” is a point of pride in the start-up world, an indication that this is not your first rodeo. In a survey asking about factors that contributed to their success, entrepreneurs ranked past successes and past failures above everything but prior work experience. Yet new research from from the Centre for European Economic Research casts doubt on that belief. In a recent paper, researchers used survey data to examine the success or failure of 8,400 entrepreneurial ventures in Germany, and whether the founder’s previous experience predicted the outcome. They concluded previously successful entrepreneurs were no more likely to succeed in their next venture, and that previously failed founders were more likely to fail than novice entrepreneurs. These results held even after accounting for education and industry experience.
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To read the original article: Research: Serial Entrepreneurs Aren't Any More Likely to Succeed - Walter Frick - Harvard Business Review
