Serial Entrepreneurs: Are They Better? - A View from Stanford University Alumni

15 Pages Posted: 22 Aug 2012  

Hervé Lebret

Ecole Polytechnique Fédérale de Lausanne

Date Written: August 21, 2012

Abstract

More than 2700 start-ups and founders affiliated with Stanford University are analyzed to study if serial entrepreneurs are more successful or not than novice entrepreneurs. The value creations are measured through the acquisition values or market capitalizations of companies and compared. The study also compares how serial entrepreneurs do in their new venture compared to the previous ones. As an interesting complement, the author also analyzes how novice and serial entrepreneurs access venture capital. It appears that serial entrepreneurs are not better than novice entrepreneurs in their new ventures, but were more successful with their first venture. Serial entrepreneurs also raise more money with their new ventures but less money with their first venture than novice entrepreneurs.

Keywords: entrepreneurship, founders, high-tech, innovation, Silicon Valley, Stanford Universiry, start-ups, venture capital, academic entrepreneurship

JEL Classification: M13

Suggested Citation

Lebret, Hervé, Serial Entrepreneurs: Are They Better? - A View from Stanford University Alumni (August 21, 2012). Available at SSRN: https://ssrn.com/abstract=2133127 or http://dx.doi.org/10.2139/ssrn.2133127

Hervé Lebret (Contact Author)

Ecole Polytechnique Fédérale de Lausanne ( email )

INNO - VPIV
Quartier de L'innovation QI J1
Lausanne, CH-1015
Switzerland
+41216937054 (Phone)

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