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I enjoyed and agreed with most of this. I've never understood the term "serial entrepreneur" beyond the idea that it solidifies the fact that a certain individual has sold ( if that should be their goal - not mine ) more then one company.

Ultimately all entrepreneurs come from the same cloth of success driven business (value) invention. Some want to follow the hollywood IPO story. Some want to bootstrap. It's all a matter of preference beyond those details and to some it's not about being defined as a "serial entrepreneur". Personally I wouldn't sell my company just to start another until I met my professional goals.