There was a journey in being an entrepreneur. It was about going through failure and bouncing back. Are you going to bounce back and take the chance to go to bat again, or let this failure stop you? If you look at all of the ultimate success stories, both personally and professionally, they all had to bounce back at one time or another.
What can you learn from failure that you can’t from success? A: Nobody wants to be a failure. At the same time, there’s no better education for an entrepreneur than failure. You can go to Harvard or Stanford, but that’s not where you get your education. That’s where you build relationships, but it’s not what teaches you to have whatever it takes to get through whatever you need to go through to build a startup.
Can you have success without failure? A: No, I don’t think so. I just don’t know anyone, even if their first startup company was successful, that didn’t bang their head plenty of times. Many went through failures in order to find success. Even the Microsofts and the Apples all had intermittent failures along the way.
You can have success day in and out, but I’ve found that to sustain the energy and enthusiasm that’s going to get you farther, you have to deal with more no’s then yes’s. You need both, there’s no question. But plenty of people [experiencing] startup failures understand that failure is a part of the process — they just hope they can skip it. It’s not like you go out and say, “I’ll have two failures and then have success.”
Does it ever become easier to fail? A: What does become easier is to bounce back. That’s really the most important thing — to get back up at the plate and to start to understand over time it’s just part of the process. And that you have to stay in the game, you don’t have more time. You’ve got right now. The next second is a crap shoot.