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Venture Capital Investor Brad Feld on What It Takes to Succeed As an Entrepreneur

Brad Feld dives into the trenches of entrepreneurship to learn what makes some businesses successful

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This story appears in the April 2011 issue of Entrepreneur. Subscribe »

Brad FeldLast year, more than 1,400 fledgling companies applied to TechStars, the startup incubator run out of Boulder, Colo., Seattle and Boston.

Exactly 30 of them got in. It's not hard to see why the program is so competitive: Each person admitted gets $6,000 in , a handful of expert mentors and three months to refine a plan and pitch it to investors. TechStars alumni include the mobile social networking site Brightkite, online artisan food marketplace Foodzie and digital comics community Graphic.ly.

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