Venture capital firms now fund serial entrepreneurs at greater rates than novices. Are they right to do so?
In February of 1999, Elon Musk received $22 million when Compaq acquired his first company. Certainly he could have taken his millions and retired, or cut back to volunteer work on weekday afternoons, but instead he went on to cofound X.com, which merged with PayPal and netted him $165 million when it was acquired three years later. Next up? He launched SpaceX and Tesla.