Looking like a disaster, page-13

Imran Khan,

I watch a lot of interviews with venture capitalists in the tech space.
One of the dichotomies in their industry is the unanimous support for a proven entrepreneur. Every VC admits they would write a blank cheque for a proven entrepreneur who has had a big exit.

Yet the VCs all report their biggest successes come from first time entrepreneurs.
I think the failure rate might be lower with proven entrepreneurs in their industry - ie more investments recover money or make a bit of money, as opposed to losing it all.