Essay
Muchobucks Funding, a venture capital company, invests in a high-tech, pre-IPO startup.Assume the startup has an exponential distribution of income with a mean of $500,000 per year and one million dollars in expenses.That is, the company is expected to lose half a million dollars each year.Once a startup loses $2 million, Muchobucks pulls the plug, and the startup goes out of business.How long will the average startup last?
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