Summary of Don’t Fail Fast; Fail Mindfully

Looking for the video?
We have the summary! Get the key insights in just 5 minutes.

Don’t Fail Fast; Fail Mindfully summary
Start getting smarter:
or see our plans

Rating

8

Qualities

  • Applicable
  • Overview
  • Inspiring

Recommendation

When Leticia Gasca’s business foundered, it took her years to come to terms with that failure. But once she mustered the courage to share her story, she found that many people have experienced a similar outcome and that opening up about personal flops strengthens resilience. In this TED Talk, Gasca explores the nuances of business failure. getAbstract recommends her speech – which contains some strong language – to failed entrepreneurs who need a gentle reminder that they are in good company.

About the Speaker

Leticia Gasca is the executive director of the Failure Institute, a research center that studies business failure.

 

Summary

In numerous societies throughout history, it was common for failed entrepreneurs to undergo sadistic public ridicule and humiliation as punishment for the collapse of their enterprises. Yet severe penalties for failure stifle entrepreneurship. Today, despite Silicon Valley’s mantra of “fail fast,” business failure still is a painful taboo subject.

Leticia Gasca felt the pain of failure when she had to close her business. She had started a venture to help indigenous Mexican women sell their artisanal products. Although she built the enterprise exactly as she’d learned in business school, her vision was unrealistic and...


More on this topic

Customers who read this summary also read

Drop the Ball Instead of Trying to Do It All
8
How Cryptocurrency Can Help New Companies Get Investment Capital
8
Wanted: Rebel Talent
7
How We Can End Sexual Harassment at Work
8
Why I Have Coffee with People Who Send Me Hate Mail
8
Let’s Get Honest About Our Money Problems
7

Related Channels

Comment on this summary