Success Rates

I read a 2008 paper that researched startup success rates. There is an 18% chance for success on your first venture. If that first one is a success, you have a 30% chance of success in your second venture. Otherwise you only have a 20% chance on your second venture.

The source of the success/failure statistics was Venture Source from 1975 to 2003. The findings show that success affects future results. They also found that you were more likely to success if you were backed by top venture capitalists.

Skills do influence your success rate. Management skills are important. Skills to decide time to market are also key. However past success, or the perception of such success can also propel you to a win.