S

ilicon Valley runs on failure. Its unofficial motto, after all, is “Fail fast, fail often,” and it is the region that gave birth to FailCon, where stories of entrepreneurial failure are badges of honor.

That’s more than just cute marketing. As the New Yorker’s James Surowiecki has written, “In the delusions of entrepreneurs are the seeds of technological progress.” Failures, in other words, are not only acceptable, but beneficial.

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