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Hey, founders between gigs: What now? If you exited your last company for airplane money and are now independently wealthy, congratulations! If you want to build another company, just self-fund. If you want outside capital, VCs will chase after you to invest. . Unfortunately, most founders are not in that position: 9 out of 10 startups fail. Even if you achieve a high valuation, you might end up like FanDuel ’s founders: their investors got the benefit of a $465m exit; the founders got zero. .
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So you’ve decided to take the plunge and start a business. Well done you! Having mentally prepared yourself for what lies ahead by researching, reading about and talking with others about what it takes to start a business, you know that ‘success lies on the far side of failure’ and are prepared for the risks and sacrifices it takes to achieve the success you want.
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