Comments on: Entrepreneurs Not Learning From Mistakes http://www.lonegunman.co.uk/2009/06/23/entrepreneurs-not-learning-from-mistakes/ Mon, 19 Dec 2011 14:29:41 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Andrew http://www.lonegunman.co.uk/2009/06/23/entrepreneurs-not-learning-from-mistakes/comment-page-1/#comment-1691 Andrew Tue, 23 Jun 2009 19:19:25 +0000 http://www.lonegunman.co.uk/?p=3118#comment-1691 Conversely, it is possible that entrepreneurs would pay a penalty in investor confidence for their failures, so a drop in the success rate of subsequent ventures might be expected. Since the percentage doesn't drop and actually increases slightly, perhaps experiential knowledge does play a role. Conversely, it is possible that entrepreneurs would pay a penalty in investor confidence for their failures, so a drop in the success rate of subsequent ventures might be expected. Since the percentage doesn’t drop and actually increases slightly, perhaps experiential knowledge does play a role.

]]> By: Andrew http://www.lonegunman.co.uk/2009/06/23/entrepreneurs-not-learning-from-mistakes/comment-page-1/#comment-1690 Andrew Tue, 23 Jun 2009 19:13:04 +0000 http://www.lonegunman.co.uk/?p=3118#comment-1690 The roughly one success in four attempts seems to correspond with the percentage (22%-23%) rate of success. Maybe the lesson to be inferred is that persistence can eventually get you over the hump. I think the recurrent success rate may have something to do with networking connections and increased willingness of investors to fund someone with a proven track record, rather than learning from the experience, per se. The roughly one success in four attempts seems to correspond with the percentage (22%-23%) rate of success. Maybe the lesson to be inferred is that persistence can eventually get you over the hump.

I think the recurrent success rate may have something to do with networking connections and increased willingness of investors to fund someone with a proven track record, rather than learning from the experience, per se.

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