Originally posted on August 15, 2011
Stumbled upon an awesome clip on Youtube and thought I’d share.
In this clip, Randy Komisar (KPBC fame) talks about change, entrepreneurship and some of the key traits that make the Silicon Valley so great.
My favorite moments from this clip:
“Silicon valley has spent 80 years developing a culture of entrepreneurship”. “That culture is what is most valuable”
“The notion of how we deal with failure is what sets us apart. Failure in Silicon Valley is generally seen as a positive experience. Unless you are a) dumb b) corrupt or c) you are lazy.
If one of those things caused you to fail, then you are out. If you failed because the market changes, because you were wrong about your science. Or because the competitors beat you to the market. You’ve just earned a badge to go try it again.
Being able to re-invest in people who have taken a chance. And allow them to eventually perfect their art and find the right innovation, the right time and the right market. That is what makes the Silicon Valley so powerful”
All of this is eerily similar to some of the points I raised in a recent blog-post of mine. It’s hard to attribute this to co-incidence. I think Google’s (Youtube) algorithm’s are working overtime this summer. As in, Youtube recommencing that I watch this clip in the first place.