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What is Venture Capital and why is it so hard to get?
Manage episode 484409729 series 3663030
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Venture capital's significance for startup companies can be illuminated by considering the high failure rate of startups. It is no secret that launching a successful startup is a Herculean task laden with pitfalls. According to a report by the Small Business Administration (SBA), about 20% of startup companies fail during their first year of operation, and by the end of their fifth year, roughly 50% have fallen by the wayside.
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