20th
June
2007
Superior marketing skills are critical for new venture success
What makes an entrepreneurial venture successful?
In a recent survey, fourteen venture capitalists picked marketing as the key business function - above technical superiority and product innovation.
The venture capitalists, who have backed over 200 ventures, ranked marketing 6.7 on a 7.0 scale.
These same venture capitalists said 60% of venture failures are caused by poor pre-venture marketing analysis.
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