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Within the field of finance, perhaps nothing is more intriguing than a startup. In fact, HBO created a hit TV show called "Silicon Valley" in which a genius but shy developer creates a music app called Pied Piper.

Once the app was discovered to contain a revolutionary data compression algorithm, venture capital firms flocked to invest in the new startup, as its uses extend way beyond a simple music app.

The fictional company made it appear easy to land funding from venture capitalists. So how hard is it in reality?