Fail fast and often is a phrase that has grown in legend in the last decade. It originated in the startup world, and has taken on a life of its own. To fail fast and often means that the faster you fail the faster you’ll reach success. Unfortunately, it doesn’t work this way.
Just over a year ago, at the end of 2018 we closed Netek; my emotion AI company. The reason? Just like every startup that’s funded, we ran out of money. I tried over many months to raise more money. We had the tech and the team. But when I took the reigns as CEO I knew that the technology was still in it’s nascent stage and would need to evolve further than what the industry was operating on.
A few years ago I was asked to give a speech to a group of entrepreneurs on their way to Startup Chile. As part of my talk they asked me to write a list of 3 to 5 things that I do to be successful. While I did do that list, I explicitly said “I can tell you my 3 to 5 things I do on a daily basis but that’s what works for me, in the context of my life, my personality and mindset.”
Yesterday was the first day of the next decade. I took the time to look through some of my posts in various categories from the last 10 years just to see what I was writing about in 2010! I’m sad to say this, but for all the talk about leadership it’s really a hit or miss because it begins with this: Great leaders don’t tell you what to do, they show you how it’s done.