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Eesley Second Time
- 1. The Second Time Around?: Serial Entrepreneurs from MIT Charles E. Eesley, MIT Sloan School of Management [email_address] Edward B. Roberts, MIT Sloan School of Management [email_address]
- 3. * + + ++ ++ ** ** Table 1 Estimated Economic Impact of Novice and Repeat Entrepreneurs 48.7 51.3 Percentage of Total Employment 88.2 11.6 Percentage of Total Revenues 77.3 22.7 Percentage of Firms 27.9 72.1 Percentage of Entrepreneurs 878 954 Total Founders in the Sample 3254 954 Total # of Firms Founded 1,285,886 1,353,420 Total Employment $157,029,700 $20,736,000 Total Revenues (in '000 $2001) Repeat Entrepreneurs Novice entrepreneurs (all ages) Category of Entrepreneur
- 7. Reinvestment of capital Successful/skilled entrepreneurs may skip levels or remain at lower levels
- 12. Categories of Entrepreneurs 878 Multiple startup firms Repeat 848 (over age 59) Has started only 1 firm. Single-firm Number of Observations Definition Category of Entrepreneur