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> I have heard in the past that the majority of startups fail, and that successful startups are often founded by people who have founded (often unsuccessful) startups before. When looking for a company to invest in, shouldn’t these be top priority?

If they already are, either directly, or because “founding a startup” (as if it doesn’t get funded, its not really a startup) is heavily dependent on connections from the beginning, that would explain the effect itself.



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