Biggest Successes Often Bred from Failures?
This blog post previously appeared in the Old Office Divvy Blog
I stumbled upon a video of the entrepreneur and innovator, Randy Komisar, on Success, Failure and Innovation in Business….
According to Mr. Komisar, what distinguishes the Silicon Valley Startups is not its successes, but instead the way in which Silicon Valley deals with failures. Komisar argues that the Silicon Valley is about experimentation, innovation, and taking new risks. According to Komisar, only a smaller business that can deal with failure and still make money can exist in this environment. It is a model based on many failures, and only a few extraordinary successes.
The idea that the possibility of “Innovation” is much higher within a startup-spirit that is not afraid to fail, versus the large company’s corporate atmosphere and culture, which just cannot tolerate failure is such a logical and well-put statement, that I admire, acknowledge, and envy the experience, knowledge, and authority in making such a statement.
Furthermore as a co-founder of a start-up, Office Divvy, an operation which I think has many differentiators larger companies might not want to touch, I like Mr. Komisar’s statement and his overall thoughts, because they encourage my company to stay the course.
Hope you will enjoy this 8 minute video, as much as I did…
Your comments are most welcome…
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