"When we raised our first Union Square Ventures fund, I told prospective investors to expect 1/3 of our investments to fail. I always like the 1/3 rule, which i

"When we raised our first Union Square Ventures fund, I told prospective investors to expect 1/3 of our investments to fail. I always like the 1/3 rule, which is that 1/3 of the investments will fail, 1/3 will under-perform expectations, and 1/3 will meet expectations." http://www.unionsquareventures.com/2007/11/failure_rates_i.html http://www.unionsquareventures.com/2007/11/failure_rates_i.h...