Among the founders of billion-dollar startups, almost 60% were not first-time founders.
In a randomly selected group of startups that had raised a minimum of $3 million in venture capital funding but didn’t reach unicorn status — the typical picture for a seed-funded startup — about 40% were not first-time founders.
The statistic shows that repeat founders were more likely to start a billion-dollar company.
This is not to discourage first-time founders. It is rather to encourage those with a failed or those with a small outcome in the first attempt to go at it again.