Final answer:
False, multipreneurs are entrepreneurs involved in multiple businesses, and are not defined by a lack of success. They embody an entrepreneurial spirit across different ventures, indicating dedication and ambition rather than repeated failures.
Step-by-step explanation:
True or False: Multipreneurs are businesspeople who have tried a succession of entrepreneurial start-ups without finding an area in which they could be successful. This statement is False. Multipreneurs are entrepreneurs who are involved in multiple ventures simultaneously or sequentially, and not necessarily unsuccessful ones. Instead, they are known for their ability to juggle several business projects at once, applying their entrepreneurial spirit to various markets or industries.
The start-up phase of any business is inherently risky, with many start-ups being little more than an idea initially. Founders of these firms often demonstrate their belief in the business's prospects by investing their own money and hard work. Angel investors and venture capitalists also play a critical role at this stage by getting to know the managers and offering wise counsel, thereby overcoming some of the inherent information asymmetry.