Just because you have a great idea, doesn’t mean you’ll succeed. In fact, only 18% of startups actually succeed, and only a handful are YouTube or Facebook. Even on your second time around, success is only 2% higher. The reality is that it isn’t easy to get it right. And there’s a lot left up to chance.
But don’t feel bad, even veteran entrepreneurs who’ve had a successful IPO, only have a 30% chance of success their next time around. So go for it! Remember, nothing happens unless you make it happen.