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If they are more likely to succeed again, it’s because they either already have money or have easy access to capital. It’s somewhat common knowledge that invest
by drclau 4y ago
If they are more likely to succeed again, it’s because they either already have money or have easy access to capital. It’s somewhat common knowledge that investors will invest in the same people again, sometimes even after failures.
- borski 4y agoThere is some measure of not making the same mistakes twice, to be fair. Your first few weeks as a brand new founder you might accidentally find yourself debating which bank to use for days or a week; the second time you'll never make that mistake because it will have been entirely inconsequential the first time. Basically, it gives you the opportunity to do less "work that looks like work" because you did that before and was ineffective. You'll find plenty of other ways to do that, but at least you've narrowed the scope of stupid things to do a little bit. :)