Any investor will tell you that they prefer to invest in a company with experience--someone who has launched a venture before and shown an ability to scale a company. A recent report from PitchBook is shedding some light on just how much of an advantage serial entrepreneurs have. Here are the key takeaways:

1. Earlier investments. Startups with experienced founders typically see their first raise from a VC approximately nine months earlier than first time entrepreneurs.

2. Larger investments. Serial entrepreneurs experience significantly larger deal size from investors--2.5X larger investments with only 5% more equity given up by the founders.

3. Larger valuations. Similarly, these investments report greater value for investors and founders. Pre-money valuations are typically 1.6X larger at early stages. That valuation advantage grows to a 3X at later stages. There is likewise an advantage of  step-ups that are 10-12% larger at both early stage and later stage.

4. Larger dilution. While not necessarily an advantage, it is not surprising that given the larger amounts invested, that serial entrepreneurs experience a 4.0% greater dilution at angel and seed stage investments.

5. Greater Access. It may be cliche, but it's all about who you know. And with experience comes access to a network of top investors. Founders with successful exits no doubt have an advantage when it comes to accessing the these investors. In fact, these founders have a 25.5% greater participation from investors featured on Forbes' Midas List of top investors.

6. Growth begets growth. While it is believed to be significantly under-reported, successful entrepreneurs often go on to reinvest in their communities. 1.9% with an exit will go on to start a new venture. 5.7% will become angel investors themselves. And 1.2% will go on to establish venture capital firms. All of this contributes to creating an entrepreneurial fly wheel effect that allows for exponential growth of a startup ecosystem.