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

online.wsj.com

If failure is defined as failing to see the projected return on investment—say, a specific revenue growth rate or date to break even on cash flow—then more than 95% of start-ups fail, based on Mr. Ghoshs research. Mississippi. Mississippi. start-ups fail, he says. District of Columbia. Massachusetts. New Hampshire.

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How to Fund a Startup

www.paulgraham.com

There never has to be atime when you have no revenues. They pay him the smallest salary he canlive on, plus 3% of the company in restricted stock, vesting overfour years. (So You should be especially suspicious of grants whose purpose is somekind of social engineering-- e.g. to encourage more startups to bestarted in Mississippi.