> Conventional wisdom tells potential founders not to worry about failure because they can "fail up" when things go wrong. In my experience, this was not the ca

> Conventional wisdom tells potential founders not to worry about failure because they can "fail up" when things go wrong. In my experience, this was not the case. The part that's not usually said out loud is that you need to be rich and/or well-connected to "fail up" when your startup fails. Running a startup may help you get connections, especially if your angel/VC network has a good reputation, and you happen to remind them of their younger selves.