Entrepreneur: “This fetish of failure is the worst” (Marc Andreessen)
I notice that VC’s are not especially enamored with the idea that an entrepreneur should fail gladly (and fast), as preached by the lean startup movement. At the ‘Lean Startup’ conference this week, legendary VC Marc Andreessen of Andreessen Horowitz said that maybe the current culture of fail has gone a bit too far. He even went as far as to call it a “fetish of failure”, because it encourages the entrepreneur to give up too quickly.
“We joke around the office that the worst is the fetish for failure. You don’t want people to be intentionally encouraged to fail. Maybe it’s time to add a bit more stigma. The entrepreneurs I admire, I admire the ones who pivot but I really admire the ones who have persisted.”
“The pivot. It used to be called, ‘the fuck-up.’ Taking the stigma out of failure is very exciting, but we see founders who give up too quickly. It’s permission to give up very fast. Are they really going to do the heavy lifting over time?”
Failure is okay(ish), is what Andreessen says, as long as it teaches you an insight on how to go from there to success.
Read more at GigaOm
Photo: Rick, Flickr
Powered by Facebook Comments