And corrective action on spending, if taken mid-year, does more harm and less good than right-sizing from the start.

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"These declines, without right-sizing the expense side of the postal equation, spell the end of the Postal Service, " he said.

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He pointed out that a 2009 study written by Paul Kedrosky, Right-Sizing the U.S. Venture Capital Industry, found that 16% of the 900 Inc. 100 companies between 1997 and 2007 took venture capital.

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