Well, to be fair... both Napoleon and Hitler were great entrepreneurs with an awful biz plan. :-)
Bad jokes aside: The weight on history is another measurement to assess your potentiality to take your company to the required level. If you don't have any experience in your market (and your market requires it), well.. in that case lack of history might be a determining factor. But if you show Knowledge + Passion, then you can take that drawback to a minimum level.
Cheers and good luck!