All innovators share common traits and skills that when put into action enables them to detect problems, come up with better ideas, recruit people and collaborate, sharpen their ideas and execute on them.
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.”