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Attrition Rates for Potential Investors

Ron Conway, Angel Investors LP
and Mike Maples Jr., Floodgate

The numbers are stacked against the inspired business owner-to-be. Seasoned angel investors Ron Conway and Mike Maples talk about how many ideas they receive, how many executive summaries they peruse, how many meetings they call, and the shockingly few ventures – roughly one out of 150 – that end up receiving their investment of time and money. Also, Conway points out that investing is a risky business, with an even split between those that fail, those that earn just enough to pay back their investors, and those that turn a profit.