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Being accepting of failure is a good thing, but you have to wonder about the moral hazard that's being set up here. A person should be able to pick themselves u
by j_baker 12y ago
Being accepting of failure is a good thing, but you have to wonder about the moral hazard that's being set up here. A person should be able to pick themselves up after a failure, but failure should not be rewarded. You should not be able to go to a conference and brag about your failures. You should not be rewarded for failure with an acquihire and a cushy job at a BigCo. This to me is a key component of the new bubble: the idea that your startup can fail without there being consequences or even be rewarded for failure.
- FeepingCreature 12y agoUnder the assumption that success and failure reveals something about your skill, you are right. Under the assumption that success or failure are basically independent of innate skill and the only thing that determines one's ability is number and length of prior attempts (experience), bragging with failures can make sense. The message is not "I have failed four times", it's "I have tried four times (failed, but that's almost secondary)".
- j_baker 12y agoPerhaps I'm just old fashioned, but I'm making the assumption that people should be rewarded for actual accomplishments. Failure is a learning experience, but it is not an accomplishment.
- HeyLaughingBoy 12y agoWe pay people all the time for sharing the benefit of their learning experiences, why is failure any different? If I'm entering a particular industry, it may be worth real money to me to hear the details of someone's failed startup in that industry.
- spb 12y ago> This to me is a key component of the new bubble: the idea that your startup can fail without there being consequences or even be rewarded for failure. History repeats itself, first as tragedy, then as farce.