Brian

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This lines up with the results of a 2011 study of 3,200 early-stage technology companies by Startup Compass. “For software companies with very high market risk,” explains researcher Bjoern Herrmann, “the uncertainty is so overwhelming that the experience that you have from a previous company doesn’t seem to have a significant impact on the actual success of a [second] company.”
Brian
Doesn't this exactly contradict his argument here, that successful past venture helps your next be successful as well?
Smartcuts: The Breakthrough Power of Lateral Thinking
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