He talks about why serial entrepreneurs are not necessarily what they're cracked out to be - implicitly arguing in favor of first-time entrepreneurs.
I wrote a comment there which I'm reproducing below.
I agree with the premise, but disagree with the analysis. In other words, the theorem is correct but the proof is wrong.
In the 8 years since I first dived head-first into entrepreneurship, I've found that people with common sense - in this Silicon Valley chockfull of analysts, MBAs, VCs, and "angels" - are an endangered species.
It is plain common sense that anyone who is hungry, passionate, persistent and all that good stuff is more likely to succeed than someone who is not as motivated.
But the malaise afflicting the armchair quarterbacks in the Silicon Valley (i.e. anyone who is not an entrepreneur) is the obsession with bottling up the…