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Originally Posted by mattsonn  You know, I agree with this statement and with what Rohok said about hard work being necessary. But the thing is, out of the 90% (?) of entrepreneurs that fail, surely a large percentage of them invested a lot of hard work into it. |
I've been told that venture capitalists are more willing to go with a failed entrepreneur who they've worked with before than a brand new face. The reason is, having worked with this person, they already know he's good, they know why he failed, whether it was survivable, whether survival would have been worth it, and so on and so on.
And they also already know that the person doesn't give up easy.