3 ms·
If I recall correctly, one of the Compass VC analyses covered serial entrepreneurs and found that there was no increase in success rates and each attempt looked
by gwern 9y ago
If I recall correctly, one of the Compass VC analyses covered serial entrepreneurs and found that there was no increase in success rates and each attempt looked independent. There's just that much randomness in it, and I suppose the various selection effects cancel out.
- raoulj 9y agoI googled around for this document to no success. Do anyone have a link to this?
- gwern 9y agoLooking for it, I think I am remembering either http://10years.firstround.com/ http://10years.firstround.com/ (which says, specifically, that experienced founder returns aren't better because their increased success rate is already priced in, which is not quite what I claimed) or https://www.econstor.eu/bitstream/10419/90815/1/777058081.pdf https://www.econstor.eu/bitstream/10419/90815/1/777058081.pd...