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The Venture Capital Secret: 3 Out of 4 Start-Ups Fail

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When youve bootstrapped a business where youre not drawing a salary and depleting whatever savings you have, thats one of the very difficult things to do," says Toby Stuart, a professor at the Haas School of Business at the University of California, Berkeley. Write to Deborah Gage at deborah.gage@dowjones.com. All Rights Reserved. California.