Allos Ventures makes investing in early-stage companies look easy. National data shows it is not. : According to a 2018 Harvard Business School study, 75 percent of venture-backed startups fail. So one in four succeeds. With those numbers in mind, it would be easy to surmise that Allos Managing Partner Don Aquilano spends many hours looking into a crystal ball. Indianapolis-based Allos, which was founded in 2010, has invested $54 million in more than two dozen companies across its first two funds. Including its recently launched third fund, Allos has $100 million under management.