Comments on: Fooled by Randomness, Start-up and Serial Entrepreneur http://www.GeekMBA360.com/fooled-by-randomness-start-up-and-serial-entrepreneur Career Advice At The Intersection Of Business And Technology Sun, 13 Nov 2011 11:00:38 +0000 hourly 1 http://wordpress.org/?v=3.1.1 By: Ted Howard http://www.GeekMBA360.com/fooled-by-randomness-start-up-and-serial-entrepreneur/comment-page-1#comment-12 Ted Howard Fri, 10 Oct 2008 17:24:06 +0000 http://www.GeekMBA360.com/?p=164#comment-12 My 0pinion on this is that a serial entrepreneur has experience and wisdom. When they need to increase the hiring rate, they have that experience. When they need to raise a round of funding, they're done that. And so on ad naseum. I don't think that means that they will be more successful. It means that they will do things faster and spend less time and effort on them, leaving them free to do more, do 'other things', or do thing better. While a new entrepreneur may be overloaded trying to both learn how to raise funding and actually raising the funding, an experienced entrepreneur will only have to raise the funding. That's an advantage in terms of resources and possibly in terms of the quality with which such tasks are done. I think 'luck' in some form (http://blogmaverick.com/2008/10/04/how-to-get-rich/) is the key ingredient to startup success. My 0pinion on this is that a serial entrepreneur has experience and wisdom. When they need to increase the hiring rate, they have that experience. When they need to raise a round of funding, they’re done that. And so on ad naseum.

I don’t think that means that they will be more successful. It means that they will do things faster and spend less time and effort on them, leaving them free to do more, do ‘other things’, or do thing better. While a new entrepreneur may be overloaded trying to both learn how to raise funding and actually raising the funding, an experienced entrepreneur will only have to raise the funding. That’s an advantage in terms of resources and possibly in terms of the quality with which such tasks are done.

I think ‘luck’ in some form (http://blogmaverick.com/2008/10/04/how-to-get-rich/) is the key ingredient to startup success.

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