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The phase of a startup business beginning with the entrepreneur's fulltime commitment to it and ending when the business has achieved sustainable cash flow.

Additional definitions for 'valley of death':

valley of deathDeath; or a place or period where death is impending.
valley of deathLord Alfred Tennyson, The Charge of the Light Brigade.
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"valley of death." Phrases.net. STANDS4 LLC, 2017. Web. 22 Nov. 2017. <http://www.phrases.net/phrase/valley-of-death_7859>.

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