Fascinating Reasons Why Some Startups Succeed

Harvard researchers recently released what they call “10 fascinating findings” about why some startups succeed while others fail.  Some of these findings include:

•  Serial entrepreneurs are more likely to build successful startups.  All else equal, a venture-capital-backed entrepreneur who succeeds in a venture (defined as starting a company that goes public) has a 30 percent chance of succeeding in his next venture.  But equally fascinating, entrepreneurs who have previously failed are more likely (20 percent) to succeed than first-time entrepreneurs (18 percent likely). 
•  Who receives a higher initial valuation, seasoned entrepreneurs or new ones?  New entrepreneurs were found to have higher initial pre-money valuations ($16 million average) as compared to serial entrepreneurs ($12.3 million). 
•  And where do most entrepreneurs get their ideas?  From their former employers. 

For more fascinating facts, such as who is more likely to get VC funding a successful entrepreneur or one who previously failed, see the story in the Business Insider:
http://read.bi/yfg126