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The Venture Capital Secret: 3 Out of 4 Start-Ups Fail

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He also combed the portfolios of VC firms and talked to people at start-ups, he says. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Business Services (B2B). "Were just getting more light on the entrepreneurial process," he says. Copyright 2012 Dow Jones & Company, Inc.