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

online.wsj.com

"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. Mississippi. Mississippi. Copyright 2012 Dow Jones & Company, Inc.

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How to Fund a Startup

www.paulgraham.com

At one extreme is the sort of pork-barrel project wherea town gets money from the state government to renovate a vacantbuilding as a "high-tech incubator," as if it were merely lack ofthe right sort of office space that had till now prevented the townfrom becoming a startup hub. Thats where the name"incubator" comes from.