Skill vs. Luck in Entrepreneurship and Venture Capital: Evidence from Serial Entrepreneurs

Preprint OPEN
Paul Gompers; Anna Kovner; Josh Lerner; David Scharfstein;
  • Subject:
    • jel: jel:G24 | jel:L26

This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill. We show that entrepreneurs with a track record of success are more likely to succeed than first time entrepreneurs and those who have previously faile... View more
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