Fred Wilson has written some great posts that should be read by any entrepreneur about VC failure rates and startup success.

I wrote a couple posts on the Union Square Ventures weblog over the past couple days on the subject of failure rates and why startups fail. These two posts were inspired by a talk I gave to Jeff Jarvis’ class on entrepreneurship in journalism on Wednesday. I’d like to thank all of Jeff’s students for being an inspiration and I hope that none of them fail.

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