Randy Komisar on hoe the biggest successses are often bred from failures.
April 28, 2004 presentation by Randy Komisar for the Stanford Technology Ventures Program Entrepreneurship Corner in the School of Engineering at Stanford University.
According to Randy Komisar, a partner at Kleiner Perkins Caufield & Byers, what distinguishes the Silicon Valley is not its successes, but the way in which it deals with failures. The Valley is about experimentation, innovation, and taking new risks. Only a small business that can deal with failure and still make money can exist in this environment. It is a model based on many, many failures and a few extraordinary successes.