I was listening to a very interesting lecture by Tina Seeling at the Stanford Technology Ventures Program in Stanford University. In one part of it, Tina talked about how failure makes the Silicon Valley a unique place in the world.
You might say, no, you are wrong, success is what makes the Silicon Valley and many companies there different. Well, not really, I totally agree with her when she says that in most parts of the world, if you fail, you might have to hide yourself or move somewhere else while in the Valley, to fail is part of the game and it can even be considered good.
Why? It is simple, because you can always learn something from it. This is one of the reasons why we hire experienced people and not young graduates.
She even goes further and as a teacher, she asks students in her class to write failure resumes.
More concepts that were mentioned in the pod cast:
- Innovation is about taking the risks to do things that have not been done before.
- We have to try lots of things and don’t be afraid of failing.
- We have to take our experiences and learn from them so they will become an asset.
I think that all this is not only truth in the business world but it also applies to almost any aspect of our lives.
How many times do we see people not doing what they love just because they are too afraid of “taking risks” or taking a wrong decision? How many times people fail in the long term because they don’t want to consider the slightest possibility of failing?
Of course, too much risk is not good either but it is important to find a balance. I think that for people in general, avoiding risk is always more important than taking risks. Even if those risks are small and they could lead to greater satisfaction in the long term.