I think this pretty well defines it. Even if it failed, it shows you had the confidence enough in your own ability to try. If you admit it failed, it shows that

I think this pretty well defines it. Even if it failed, it shows you had the confidence enough in your own ability to try. If you admit it failed, it shows that you're humble enough to admit when something went wrong without shifting blame. I figure running a startup is like getting your MBA... but on crack.