Originally published on Oct 30, 2012
As a society, we should more to encourage kids and well everyone really to go and try different things. I don’t believe there are enough incentives for failure. I am not talking about rock climbing classes, sports e.t.c
But rather incentives that would allow individuals to test their entrepreneurial skills and eventually test their mettle.
Failure brings rewards. Because the collective lessons learned from the failures is, what propels an individual or even a unit towards success.
This logic of failing is nothing new. It’s woven into the fabric of Silicon Valley and a lot of successful companies that emerged from the valley. Since then, the philosophy has spread the world over. But predominantly, no other region on the world would practice this philosophy to the extent that it is practiced down at the valley.
Fail early; Fail often. Try different things and fail. What do you have to lose?