I agree with this. In retrospect, I'm so glad I failed because of the time it saved me. The only thing worse than a failed startup is a funded failed startup, b

I agree with this. In retrospect, I'm so glad I failed because of the time it saved me. The only thing worse than a failed startup is a funded failed startup, because the latter takes up 4+ years of your life, which is why it's interesting reading about Drew's exp with the SAT prep idea. Failure is totally worth it so long as you learned from those golden mistakes and are improving yourself to give yourself an edge the next time around. I think the worst startup founders are the ones who go from one idea to the next without really thinking about what went wrong or what they need to do differently in order to improve their chances of winning. They think mere repetition is going to make them lucky. Conversely, I think the best startup founders are the ones who are persevering and determined enough to not stop taking chances, but they're also continually investing more time in training and improving themselves to get an edge. Failure for them is a great learning experience. Max Levchin had four failed ventures before PayPal.