Silicon Valley has embraced failure as part of the startup scene, but it may be for the wrong reasons. The Founder Institute CEO, Adeo Ressi discusses the culture of failure within the startup community, which was featured in a Forbes video titled “FAIL ACADEMY: The Culture Of Failure.”
There is nothing wrong with failure as it allows founders to reflect from past mistakes in hopes that they will not be repeated in the future. Failure grows founders and challenges them to work harder than ever before in order to achieve success. It motivates them to push boundaries or reveals to them the real struggles behind entrepreneurship.
The success of a company comes down to the dedication and perseverance of the founder.”
However, founders should not be comfortable with the idea of failure. A company is put at risk when a founder does not take responsibility and ownership for their mistakes.
