The fact that somebody took a risk, got funded, hired some people and tried something is a good thing…for everybody. We need to embrace our innovators and entrepreneurs and celebrate their failures as well as their successes. A community that tolerates risk attracts more entrepreneurs and better companies.
The supreme challenge is typically not a lack of good ideas nor is it capital. It’s experienced entrepreneurial talent. You can’t gain experience without a few mistakes and at least a failure or tow. That’s when you learn the most.
Churn is good.