The "Valley of Death" is a term used in various contexts, but it often refers to a challenging phase in the innovation process. In business and technology, it describes the gap between initial idea development and successful market entry. Many startups struggle during this phase due to limited resources, lack of funding, or insufficient market demand. In a historical context, the "Valley of Death" can also refer to the site of the infamous Battle of Balaclava during the Crimean War. This battle is known for the Charge of the Light Brigade, where British cavalry faced overwhelming odds, leading to significant losses.