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AlibabaIf you want to start strong, steer clear of these funding fantasies.

Raising venture capital financing--as a first-time founder in particular--is a difficult task, even in the strongest of financial markets. At a recent conference, a panelist opined that over 95 percent of entrepreneurs decide not to raise venture capital. The response from another panelist: "Just like over 95 percent of my friends have decided not to date supermodels." Knowing what to expect can often be half the battle. The following are a few common misconceptions entrepreneurs often have when seeking early-stage venture capital financing.

4 Common Venture Capital Myths