Entrepreneurs who succeed have better chance of success in subsequent ventures than first-timers or failures
Mar 23rd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
All else being equal, a venture-capital-backed entrepreneur who starts a company that goes public, has a 30 percent chance of succeeding in his or her next venture. First-time entrepreneurs, on the other hand, have only an 18 percent chance of succeeding, and entrepreneurs who previously failed have a 20 percent chance of succeeding, according to researchers at Harvard Business School.