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An Entrepreneur Who Manufactures Entrepreneurs – The Founder Institute

Conventional wisdom holds that some 90 percent of start-ups fail. After years of observation, Adeo Ressi — a serial entrepreneur who founded http://www.TheFunded.com, an online community where entrepreneurs rate investors; Methodfive, a website developer; and Total New York, which became AOL Digital Cities — concluded that the high failure rate was the result of the wrong people starting businesses and not getting the right training.

More than 1,000 companies had come out of the program, which he said had flipped the failure rate to 10 percent from 90 percent and created 10,000 jobs. His goal is to create 20,000 jobs a year by 2020 and to "globalize Silicon Valley."

The Founder Institute http://fi.co/

By IAN MOUNT

Full Story: http://www.nytimes.com/2013/11/14/business/smallbusiness/an-entrepreneur-who-manufactures-entrepreneurs.html?src=dayp&_r=0

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