In 2009, Cassandra Phillips launched a one-day conference celebrating failure in high tech world of Silicon Valley. The conference was successful for four years, and now Phillips says her conference isn’t needed any more because failure has become so common in high-tech ventures. In fact, according to research 30 to 40 percent of venture-backed start-up blow through investor’s money and up upwards of 70 percent do not deliver on the investment. Failure is becoming the new badge of honor and many entrepreneurs publicly discuss how they have faced the adversity of failure. Ashley Good, chief executive and founder of Fail Forward said, “Nobody wants to fail. It’s awful. You will never hear me say to celebrate failure, but failing intelligently is an increasing important skill.” She added, “You can actually say to yourself, ‘Just because I failed doesn’t mean I am a failure.”—Jim L. Wilson and Jim Sandell
Wearing Your Failures on Your Sleeve, By Claire Martin, http://www.nytimes.com/2014/11/09/business/wearing-your-failures-on-your-sleeve.html?partner=rss&emc=rss&smid=tw-nytimes&_r=1, Accessed November 8, 2014.
Habakkuk 3:18-19 (NKJV) “Yet I will rejoice in the LORD, I will joy in the God of my salvation. (19) The LORD God is my strength; He will make my feet like deer's feet, And He will make me walk on my high hills. To the Chief Musician. With my stringed instruments.”