with a 30% success rate, serial entrepreneurs outperform first-time company founders by 12 percent (18%). founders which failed once before have a slightly higher rate of 20% to make money out of their venture.
this is one of may results of the studies of gompers et al (“skill vs. luck in etrepreneurship and venture capital: evidence from serial entrepreneurs”, 2006).
“soft money” of venture capital investors does not bring real value in terms of higher success rates to serial entrepreneurs.