Glory of Failure

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Comment by Pascale Scheurer on December 7, 2011 at 19:33

"I've learnt so much from my mistakes, I'm thinking of making a few more."

Just yesterday was writing down all my (ad)ventures, since I first sold Garfield cartoons to schoolfriends aged 9. THIRTEEN businesses in all. The latest I've just sold out of after seven years (hence the moment of nostalgia). How many were failures? Well, all AND none, of course.

Looking forward to ventures 14-26 over the coming year. One per moon cycle. I'd be very happy with twelve joyous 'failures' and one new startup by the time we sing in 2013.

Thank you to those of you who set up this group. Genius.

Comment by Esther King on November 8, 2011 at 14:13

To add to Milton Glaser's quote (see Susan Bennett's comment below), Jimmy Wales, the founder of Wikipedia, says Britain's attitude towards avoiding failure at all costs is holding us back. See the article in yesterday's Evening Standard http://www.thisislondon.co.uk/lifestyle/article-24006918-if-you-wan...

Comment by Jonathan Jewell on November 3, 2011 at 11:03

Hey Roxanne,

 

Would be really useful to have a summary of where things are up to with the GoF campaign and now limited company. Could you give us a quick briefing, as it has been a little bit of time since we had a fuller update (I know there's been a lot going on in the Twittersphere!).

 

Also, I wonder how the book is going and whether there's any feedback you've been getting?

 

Take care,

 

Jonathan

Comment by Roxanne Persaud on October 27, 2011 at 15:56

Ben, that's a great find.

The Glory of Failure project is still alive, just quietly mutating. We'll be speaking at the December FRSA meeting in Nottingham, and a few other places before year end, and other activities are incubating.

Continuing interest from you all is very motivating. Thanks for carrying on the conversation :)

Comment by Susan A. Bennett on October 26, 2011 at 10:08

Did you know about this quote?

"People get better as a result of failure" Milton Glaser

Comment by Adrian Ashton on September 28, 2011 at 12:53

great lessons on what can be gained from dissecting start-up failures: http://bit.ly/nT99hg

Comment by Ben Bennetts on September 8, 2011 at 18:08

Hi.  I wonder if anyone wants to take a look at http://wp.me/p1u5Oe-46, where this group gets a name-check?

Comment by Adrian Ashton on April 27, 2011 at 11:48

just come across the 'Institute for Brilliant Failures' - http://www.briljantemislukkingen.nl/EN/institute/

Comment by Jonathan Jewell on April 24, 2011 at 20:40

Interesting, have you seen the literature around NASA and the X-33... here's the precis from the Intaver Institute:

X-33’s composite liquid hydrogen fuel tank failed during testing in November 1999.
Lockheed Martin proposed to complete the development of the X-33 by replacing its two composite liquid hydrogen tanks with aluminum tanks. But NASA concluded that the benefits of testing the X-33 in flight did not justify the cost.

NASA overcame the sunk cost effect: a cost incurred in the past that affects present or future decisions. Sunk costs should be ignored.

I wonder if that is the answer to the NHS project, Ian? :)

Comment by Roxanne Persaud on March 15, 2011 at 17:47

Thanks Ian, Michael, Bruce.

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