Comments on: Wanted: The ability to fail http://gigaom.com/2012/10/26/wanted-the-ability-to-fail/ Wed, 22 May 2013 11:34:50 +0000 hourly 1 http://wordpress.com/ By: Ben Nash http://gigaom.com/2012/10/26/wanted-the-ability-to-fail/#comment-1116814 Fri, 26 Oct 2012 22:13:18 +0000 http://gigaom.com/?p=577461#comment-1116814 Maybe Boston (authors home town) follows Wall Street’s expensive lead where all risks must be prevented up front with cash. Silicon Valley manages risk a bit different: ITERATE and PIVOT. If last night’s push doesn’t bring more customers, do it different. Repeat.

Ever hear of The Lean Startup? Failure is cheap, growth is cheap, business is private and TAX FREE. http://theleanstartup.com/

]]> By: Ben Nash http://gigaom.com/2012/10/26/wanted-the-ability-to-fail/#comment-1116805 Fri, 26 Oct 2012 22:07:48 +0000 http://gigaom.com/?p=577461#comment-1116805 Any billionaire can finance Terrapower, without tax payer money.

Besides deep pockets, we also have ingenuity. Ingenuity will always be free.

]]> By: Ben Nash http://gigaom.com/2012/10/26/wanted-the-ability-to-fail/#comment-1116794 Fri, 26 Oct 2012 22:03:42 +0000 http://gigaom.com/?p=577461#comment-1116794 Guess what everyone. We do have the freedom to fail. It’s called the free market. We don’t need our tax dollars funding it. And because we have the freedom to fail, we should not have our tax dollars involved at all. Too slow? Not enough money? Guess what else: Necessity is the mother of all innovation. Get rid of welfare and you’ll see innovation fast than you can count your tax dollars goodbye. Stop drinking Oromney’s juice.

]]> By: R. Stead http://gigaom.com/2012/10/26/wanted-the-ability-to-fail/#comment-1116004 Fri, 26 Oct 2012 17:30:08 +0000 http://gigaom.com/?p=577461#comment-1116004 [...] a “startup working on technologies to reverse the impact of climate change”

FAIL.

]]> By: Chris Taylor http://gigaom.com/2012/10/26/wanted-the-ability-to-fail/#comment-1115213 Fri, 26 Oct 2012 14:23:21 +0000 http://gigaom.com/?p=577461#comment-1115213 The failure issue is enormous whether it comes from large enterprises and long-term projects or from an individual trying something new. As I said in a blog post, “The single biggest barrier to innovation is the cost of trying, especially the cost of trying and failing.”

http://successfulworkplace.com/2012/06/11/failing-just-got-really-easy/

We need to have a culture where failure IS an option. In the tech world, the latest developments provide cheap infrastructure, cheap data storage, cheap development platforms and functionality that we can walk away from if it doesn’t work. We can have the same thing at a larger scale by having greater government funding of risk and a better attitude toward failing.

This is an excellent article at a very good time.

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