"The wise learn from other people's mistakes and fools from their own." So goes an ancient proverb that some say was first written in Aramaic. As far as I'm concerned, I have been more often a fool than a wise person. That may be because I prefer experimentation to inertia, feeling that Randy Pausch was so right when he said in the Last Lecture that in life "experience is what you get when you you didn't get what you wanted". This post is about experience sharing and it was prompted by a visit to Genaro Bardy's recent post on a presentation made by Kevin Rose.
Few things are more valuable for entrepreneurs and venture investors than getting the account of some real-life experience, whether it speaks of "success" or "failure" is completely irrelevant so long as the content is genuine and the analysis honest. When speaking to customers during workshops, trainings or coaching sessions I often encourage them to examine cases of other entrepreneurs they might know. I also advise them to cut through the crap of accounts entrepreneurial successes and failures:
- in the former crap is neat logical explanations of how the successful entrepreneurs identified and captured an opportunity (i.e. they knew what they were doing from day one, had a definite plan and eventually ended up exactly where they'd wanted to be) and
- in the latter crap is justifications and excuses pertaining to everything but the entrepreneurs themselves (i.e. they did everything right but someone else messed everything up or the circumstances caused them to fail despite their "perfect" plan).
In this post, I'd like to comment a bit further on this matter of sharing experience and use a presentation made by Kevin Rose as an example of the practice of honest and factual sharing of experience gained through different entrepreneurial initiatives.
Continue reading "The wise learn from other people's experience" »





