Room for Error
Experienced entrepreneurs, those who are now in their second or third venture (or more) are more likely to be successful. This is a known fact, and a reason why investors prefer “serial” entrepreneurs (founders who have been through several ventures) even if the previous ones were not successful. The experience itself is as important as the success. In fact, some would argue – it’s the previous failures, not the successes, that increase your chances to succeed the second or third time.