Entrepreneurs should accept failure
- 00:03:59
- Vator TV
Entrepreneurs should accept failure
Yoav Leitersdorf of YL Ventures says keep expectations low, and accept failure European entrepreneurs have a tough time accepting failure. That's what I learned while attending the Innovate!Europe conference, held in Zaragoza, Spain recently. One dominant and recurring theme was the idea that failure was OK as an entrepreneur and that European entrepreneurs should realize that it's a positive trait on the road to one day being successful. "Entrepreneurs who've failed in Europe rarely go back... there's not enough respect for entrepreneurs that have not made it the first time," said Yoav Leitersdorf, an entrepreneur-turned-venture capitalist who founded YL Ventures, which looks for companies that can exit in a few years time at between $20 million and $80 million. "If you look at Silicon Valley, most successful entrepreneurs have had to fail ... [ Read more ]
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Vator TV | May 19, 2009
