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Failure

Past guest, venture capitalist and former entrepreneur Brad Feld observes in his blog that "I’ve noticed a pattern in many of the VC and entrepreneur blogs I read – very few people ever talk about failure."

As we've said before, if you gloss over the hard stuff about entrepreneurship then people will think starting a business is all fun and games. Someone who enters the world of entrepreneurship with that mentality is sure to quit at the first setback.

Fabrice Grinda and John Bogle have talked a lot about failure on our show. Steve Hindy might have put it best by reminding us of the term Entrepreneurial Terror.

Look forward to reading about Brad's horror stories.

Posted by Greg Galant on Jun 23, 2006 | Permalink | Comments (2) | TrackBack (0)

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Most entrepreneurs are Eternal Optimist. I personally have suffered many failures, have lots of horror stories and currently writing a book..."Sharks in Angels Clothing"! It’s easy for inventors and entrepreneurs to get discouraged. But don’t! In a perfect world, business people would be as good at recognizing opportunities as the inventors who put them in business. Of course, you probably know that’s not always the case. Even the Great ones make mistakes!
" Everything that can be invented has been invented." - Charles H. Duell, commissioner, U.S. Office of Patents, 1899
"Who the hell wants to hear actors talk?" - H. M. Warner (1881-1958), co-founder, Warner Brothers Pictures, 1927
" I think there is a world market for maybe five computers." - Thomas Watson (1874-1956), chairman, IBM, 1943
" We don't like their sound, and guitar music is on the way out." - Decca Recording Co., rejecting the Beatles, 1962
" 640K ought to be enough for anybody." - Microsoft founder Bill Gates (1955-), 1981
www.nopieinthesky.net

Posted by: No Pie In The Sky at June 26, 2006 10:02 AM

Perhaps you should see Jawwad Farid's work on Failure. He's written a book on it.

http://bluescreen.alchemya.com/

Posted by: Adnan at August 4, 2006 2:52 PM

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