Success Rates of Entrepreneurs

I recently read an article that was listed in a publication that is named the Entrepreneur which should speak for itself in its credentials.  This article involves a team of Harvard researchers who researched some hot questions about the whole process of entrepreneurship.  They produced a 35 page report that breaks down the rates of successful entrepreneurship, which is boiled down to a summarized form on the web page, which can be read here.

The article showed that an entrepreneur who has tried once before has a 30% rate of success versus an entrepreneur who is new to the game who has only an 18% chance of success.  However as if in contrast to this, venture capitalist forms are far more likely to fund an entrepreneur who has failed over one who has succeeded.  Whether a company's success can be attested to entrepreneurial skill or luck, it was found that starting a company at the right time is a skill.

It was also discovered that one success will breed another success in general as they will reassure investors that they can persistently deliver that.  It was discovered that companies started with venture capital money are far more likely to succeed then others.  Most entrepreneurs were discovered to draw their inspiration from former employers.  It is also strange to find that venture capitalists are less likely to loan money to someone even after they have gotten one loan from the venture capitalists and were successful. 

I encourage anyone who is looking to find a way to lock up venture capital funding for their business to check out this website, and to check out the Harvard document which can be found here.