Fred Wilson wrote an interesting list of 10 characteristics of great companies. My contribution was suggesting an 11th characteristic: “Great companies fail repeatedly – and learn from their mistakes. ” But even more importantly, check out this classic Michael Jordan ad that is the inspiration for that idea:
My transcription of it:
Michael Jordan talking: “I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been entrusted to take the game winning shot, and missed. I’ve failed over and over again in my life my life. And that is why I succeed.”
Gives me tingles to watch it!