Tuesday, July 28, 2009

Biggest Successes Often Bred from Failures?

Ky Ekinci : Co-Founder Office Divvyby Ky Ekinci
Co-Founder,
Office Divvy


I stumbled upon a video of the entrepreneur and innovator, Randy Komisar, on Success, Failure and Innovation in Business....

According to Mr. Komisar, what distinguishes the Silicon Valley Startups is not its successes, but instead the way in which Silicon Valley deals with failures. Komisar argues that the Silicon Valley is about experimentation, innovation, and taking new risks. According to Komisar, only a smaller business that can deal with failure and still make money can exist in this environment. It is a model based on many failures, and only a few extraordinary successes.

The idea that the possibility of "Innovation" is much higher within a startup-spirit that is not afraid to fail, versus the large company's corporate atmosphere and culture, which just cannot tolerate failure is such a logical and well-put statement, that I admire, acknowledge, and envy the experience, knowledge, and authority in making such a statement.
(....continues below the video)





Furthermore as a co-founder of a start-up, Office Divvy, an operation which I think has many differentiators larger companies might not want to touch, I like Mr. Komisar's statement and his overall thoughts, because they encourage my company to stay the course.

Hope you will enjoy this 8 minute video, as much as I did...

Your comments are most welcome...

Ky Ekinci
Co-Founder

On the Web: www.Office Divvy On Twitter: @OfficeDivvy

3 comments:

  1. Watching that video has affirmed what I have always believed-my failures are just as valuable as my successes.

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  2. Ky -

    Great post and video. Having worked across the continuum from the Fortune 500 to start ups and venture backed companies, I really related to this.

    Too often we count a failure as the end rather than as a step along the learning path.

    In publicly traded companies - we crucify them for big failures, thus only small failures and small innovations can be tolerated. In the start up and venture space we have more latitude. Nietzsche's quote "That which does not kill us makes us stronger" is more the case.

    Thanks for sharing this. I will too!

    Wishing you your unfair share of success.

    Joan Koerber-Walker

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  3. I think it's an important thing to note that while yes, failures are steps in the learning path, it's what we do with those lessons that make all the difference. Making the same mistakes over lead to the same results and that is not going to make successful companies. I love his line "constructive failure"...it's like constructive criticism - it's only valuable if you do something about it.

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