"Clearly it brings a level of credibility to what is a high-risk investment profile, given how much work there is to be done and who they're competing against, " he says.

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Takac laments the way high-speed downloading has changed the music industry, but loves how the Internet has given credibility to many up-and-coming artists.

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"There's no question that Ahmadinejad has lost a lot of credibility with the elite and with the high-level people, " Sick says.

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Beverly Crosby, a retired elementary school principal, said her decision to find the studio liable was based on her doubts about the credibility of several defense witnesses, which included high-level ABC executives.

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In a venture industry filled with talented investors, high-profile former entrepreneurs like Khosla, Marc Andreessen and Reid Hoffman bring credibility with entrepreneurs.

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