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

online.wsj.com

An entrepreneur with a hot technology and venture-capital funding becomes a billionaire in his 20s. 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. Blding Mat.,