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Of the 800,000 or so new businesses that are formed each year,investment banker Robert Shuey of La Jolla Securities Corp. inDallas says only a tiny fraction successfully raise outsidecapital.
A quick look at certain benchmarks would seem to bear this out.For instance, last year there were about 700 initial publicofferings (IPOs)--a goodly number, but not when compared to thenumber of start-ups.
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