I hate this "fail fast" advice, and just about the only place I've heard it is from VCs, who (a) don't like slow success, and (b) don't mind failure as long as

I hate this "fail fast" advice, and just about the only place I've heard it is from VCs, who (a) don't like slow success, and (b) don't mind failure as long as it is balanced with successes in their portfolio. The problem with the advice is that it obscures two of the most important qualities that a startup needs: tenacity and adaptability.