Both success and failures shape an entrepreneur, you know what doesn’t? doing nothing. In a research paper published in 2006, Gompers and his colleagues show that startup success rates increase from one failed venture to the other and increase even more for founders of a previously successful business. The venture capital firm First Round Capital also shows that the valuation of experienced repeat founders is 50% higher, nonetheless, experienced entrepreneurs still perform slightly better than first time and previously failed founders. If you’re on the edge of failure, know that you’ve never been closer to success. And in the words of Steve Jobs, I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.

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