VC MYTHS. Six Myths About Venture Capital Offer Dose of Reality to Startups in Harvard Business Review article. “April 16, 2013 – Venture capital is the exception, not the norm, as a funding source for startups. More VC-backed new companies fail than succeed, and since 1999 VC funds have barely broken even.””
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http://www.kauffman.org/newsroom/six-myths-about-venture-capital-offer-dose-of-reality-to-startups-in-harvard-business-review-article.aspx