In the United States, there are roughly 6 million new businesses started each year, of which only a small number are a strong fit for venture capital investments—estimated to be in the tens of thousands. These startups are then referred to about 1,000 active venture capital firms, and each firm might evaluate a few thousand investment opportunities per year. Of those, just a dozen or two are selected by a firm for investment after multiple meetings, pitches, and hours of time together. Across the entire industry, there are about 5,000 venture capital investments per year available to new and
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