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>Not particularly great advice though, because then the challenge becomes identify those startups.

Only 1 out of 100 companies, if that, VCs invest in don't go out of business. Even with their ton of experience, their smart people, and all kinds of opportunities that you don't have, it's little more than guesswork on their side.

Trying to look for what is going to be a successful startup is a fool's errand. Pure luck.



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