Do we have one success standard for venture capital and another for small business?
Failure is a given in emerging industries. Since entry has usually been easier in many emerging industries, such as PCs and the Internet, and the potential is high, many entrepreneurs enter them. In a 100-meter dash, you have one winner. Emerging industries are no different. Many enter. Few win. Look at Zuckerberg. Many entered the linking industry. He has dominated. Many failed.
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