‘If at first you don’t succeed, it doesn’t matter that you tried.’

Discussion of the role of entrepreneurial failure at the New York Times:

Already-successful entrepreneurs were far more likely to succeed again: their success rate for later venture-backed companies was 34 percent. But entrepreneurs whose companies had been liquidated or gone bankrupt had almost the same follow-on success rate as the first-timers: 23 percent. In other words, trying and failing bought the entrepreneurs nothing — it was as if they never tried.


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