Is there life after Dragons’ Den?

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There you have it. The real-life Dragons have spoken. Your idea has been turned down. What are you to do? It is an emotional rollercoaster. On the one hand, you can resign and savor life without uncertainty. But then you start thinking about all those cases – too many to be discounted as flukes – […]

In search and praise of (well intentioned) failure

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To succeed, many things need to go right. To fail, only one of them needs to go wrong. Economists talk of the paradox of thrift: saving money is good for you, but if everyone saves too much, then we all may be worse off. Curiously, the same logic applies to entrepreneurial failure, but the other […]

Should we be suspicious of entrepreneurial stories?

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A very intriguing TED talk by Tyler Cowen. Let me recap some of his main points: 1. People love stories. 2. No one describes their life as mess. People typically describe it as a journey, battle, novel, race, play, etc. 3. By telling stories, we are imposing order on the mess that we observe. When […]