Serial Entrepreneurs, They Just Can’t Stop Themselves

Inc.:

So this measured man with his measured days flirts with failure and financial exposure about as often as most people buy a new car. And he’s not alone. Once a novelty, serial entrepreneurs are moving into the mainstream. Venture capitalists report that a growing number of the people pitching them refer to themselves as serial entrepreneurs, and if you attend an event at a chamber of commerce or a business school these days, chances are good that many of the speakers will tout their serial bona fides. “In the 1970s and ’80s, only 10% of our entrepreneurs were serial,” says venture capitalist Gary Morgenthaler, of Morgenthaler Ventures, which manages $2 billion in investments. Today, Morgenthaler says that number is closer to 25% — and he expects it to grow to 30% or even 50% in a few years. Forty-one percent of this year’s Inc. 500 CEOs say that they plan to start another company, and 69% of the alumni of Springboard Enterprises, a top women’s business incubator, describe themselves as serial entrepreneurs.

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