According to Randy Komisar, a partner at Kleiner Perkins Caufield & Byers, what distinguishes the Silicon Valley is not its successes, but the way in which it deals with failures. The Valley is about experimentation, innovation, and taking new risks. Only a small business that can deal with failure and still make money can exist in this environment. It is a model based on many, many failures and a few extraordinary successes.
[youtube=http://www.youtube.com/watch?v=0RP1sS8rMsQ&hl=en&fs=1]
Oct 15 2008
