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It pretty much boils down to funds and streetcred. A first time entrepreneur starts out with 5-20K in savings and no connections. A failed entrepreneur is also
by vaksel 17y ago
It pretty much boils down to funds and streetcred. A first time entrepreneur starts out with 5-20K in savings and no connections. A failed entrepreneur is also in the same boat, no money, maybe a few connections.
Meanwhile a repeat successful entrepreneur has a few mil in the bank, street cred to get VC $$$ and free media coverage. And that gets them that starting core of users to help grow the service during hte early days.