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Two years ago, when I first wrote about accelerator funds, they were something of a curiosity. Give a team of smart engineers enough money—usually between $15,000 and $50,000—to keep them in ramen and air mattresses, mentor them, and then put them in front of investors.

40 years after America declared war against cancer, a new reports shows the country is making progress against the disease. Dr. Jon LaPook reports on what we've accomplished and where the war is headed.