If you read his blog, you will know that I am a bit obsessed with failure. As Diego and I like to say, failure sucks but instructs, and is in particular a hallmark of creativity , as I commented in this more recent post about The Onion's creative process. Given my interest, I was amused to encounter two clashing perspectives on failure recently:
The first is from former first lady Eleanor Roosevelt: "Learn from the mistakes of others. You can’t live long enough to make them all yourself."
It is pretty funny, makes sense, and in fact is consistent with social learning theory— that we all learn a lot from watching others,not just from our own actions. Robert Townsend provides (as usual) an amusing and compelling example, arguing in Up the Organization that his 15 years at American Express taught him how not to run a company.
A different perspective comes from Randy Komisar. Randy has had quite a career, starting as a lawyer, then in various executive roles at places like Claris, GO, and Lucas Entertainment. During the dot com boom, he fashioned a role for himself as Virtual CEO, serving as mentor and adviser to CEOs of companies including WebTV and TiVO. He is now a partner at Kleiner Perkins, and Randy does other interesting things such as writing the best-selling Monk and the Riddle and teaching entrepreneurship at Stanford.
I was looking through some old video of Randy talking about failure on the Stanford Technology Ventures website. See it here, it is a great 8 minute clip. I was struck with his opposing point of view, which is more or less (I may have missed a word or two):
Toward the end of the interview, Tina Seelig, STVP's Executive Director asked Randy about the value of learning for others' failures, and Randy's response was that yes, you can learn from others, but "the only way to really, really get your money's worth, is to do it yourself" because "nothing else creates that hollow feeling in your stomach."
Randy wasn't really disagreeing with Eleanor Roosevelt, but the question of what is the best teacher, and when each is the best teacher, is interesting from both research and practical perspectives.
I'd love to hear some opinions on this one.
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