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Why Serial Entrepreneurs Don't Learn from Failure
Company founders have to be optimistic and resilient. But new research shows that serial entrepreneurs-those who involve themselves in only one project at a time-tend to be so overoptimistic that they don't learn from failure. Some venture capitalists factor this in when making investment decisions, and they tend to have better results than those who don't. Other potential investors should perform this due diligence, interviewing candidates about the causes of their past successes and mistakes.