Silicon Valley celebrates its successes, but the failure rate is generally much, much higher. But what makes the Valley different than other entrepreneur-rich areas is how it deals with those failures. Randy Komisar of Kleiner Perkins, in this entrepreneur though leader lecture given at Stanford University, says that only a company that can deal with failure and still make money has any chance of succeeding. The talk’s an old one – from 2004 – but the themes still resonate today.
THIS IS ONE OF THE PRIMARY DIFFERENCES IN ENTREPRENEURISM IN AMERICA VERSUS OTHER COUNTRIES.........IT IS OK TO FAIL AND YOU CAN TRY IT AGAIN, SOMETIMES IMMEDIATELY.
-- RICH BENDIS