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Learning from failure

April 16, 2009 | By Paul Ryan

I’ve been watching a lot of great video lectures on entrepreneurship lately. Gorging myself, really. After all, this was a resource that was difficult to get your hands on until recently. And now so much of it is online, for free.

In this video, Randy Komisar, from successful Silicon Valley-based VC firm Kleiner Perkins Caufield and Byers, discusses the attitude to risk and failure in Silicon Valley and the role this plays in sustaining a fertile ecosystem. It reminds me of similar sentiments expressed by Silicon Valley legend Dr Bill Miller in Anthill a couple of years back.

Lessons there for everyone.

 

  • http://www.redbubble.com Martin Hosking

    A truly fascinating speech. Thank you for posting it. This should be required viewing by all Australian politicians and public servants who are involved in innovation in Australia as well as most Aussie tech investors. I know for me the ultimate failure of LookSmart gave powerful insight into myself and all my subsequent ventures. I was incredibly lucky to pull some gold from the bonfire as that has helped in the other ventures but the more valuable thing was the lessons of the failure.

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