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The vast majority of so-called dot-coms or internet startups technology firms whose business is typically in developing internet-based software or services are financed by equity.

The vast majority of so-called dot-coms or internet startups technology firms whose business is typically in developing internet-based software or services are financed by equity.

Indicate whether this statement is TRUE or FALSE. Provide an explanation and/or a calculation to justify your answer.

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