If they are more likely to succeed again, it’s because they either already have money or have easy access to capital. It’s somewhat common knowledge that investors will invest in the same people again, sometimes even after failures.
Re:How Segment Found Product Market Fit
by borski on Thursday September 01, 2022 @12:33AM
(#32672039)
There is some measure of not making the same mistakes twice, to be fair. Your first few weeks as a brand new founder you might accidentally find yourself debating which bank to use for days or a week; the second time you'll never make that mistake because it will have been entirely inconsequential the first time.
Basically, it gives you the opportunity to do less "work that looks like work" because you did that before and was ineffective. You'll find plenty of other ways to do that, but at least you've narrowed the scope of stupid things to do a little bit. :)
Hmm, I felt I've read the occasional "serial entrepreneurs more likely to be succesful again" articles. So, I duckduckgo'd exactly that sentence, and I found immediate proof, with the all-reliable (right?) Forbes at the top search result:
But then the second search result sets me straight: Both articles are ~10yo, fwiw.---
Edit: this "feeling" about serial entrepreneurs to be more successful gets fed on a constant drip. Sometimes by the same culprit (hi, there, Forbes). This on my timeline yesterday: https://www.forbes.com/sites/kmehta/2022/08/23/older-entrepr...