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only 30% - “well I think I need to pass on my knowledge to my kids, now”

Posted By admin On 30. January 2012 @ 00:16 In Managing Business, Kewler Favorites | No Comments

According to the Harvard researchers, there is performance persistence in entrepreneurship.

They write, “All else equal, a venture-capital-backed entrepreneur who succeeds in a venture (by our definition, starts a company that goes public) has a 30% chance of succeeding in his next venture. By contrast, first-time entrepreneurs have only an 18% chance of succeeding and entrepreneurs who previously failed have a 20% chance of succeeding.”


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