How Success and Failure are dependent on each other and are also tangled with each other.
I had shared this brief thought on LinkedIn the other day, but due to their number of characters limit for the post (BTW, it’s 1300), I couldn’t explain the thought in detail. So expanding it here.
A few days ago, I met a founder, who was very smart both academically and intellectually, and had raised a solid Seed round from Valley’s top-notch VC firms, but after 2 years of execution, they had to shut down the company.
In her own words, they failed to achieve a product market fit. They had built an innovative solution, which was looking for a problem.
In her defense, it’s not that they didn’t know how to identify a problem. She had read everything about Lean Startup, Customer Development, Paul Graham’s Startup essays, etc. and had done extensive customer development interviews. Despite all of this, they still failed.
While it’s one thing to learn these things in theory, it’s a completely different ball game to follow it in practice.
Meanwhile, I kept thinking, did she really “fail”? And failed from what perspective?
If you consider her entire career span is just 2 years, then yes, probably she has failed.
But if she’s still early in her career, then in my opinion, this is just a setback. Her entrepreneurship journey is not done yet. She can come back again with a new venture and be successful next time.
You could argue that she failed to return investors’ money.
But again, if she had executed with her best effort and intent, then those investors will most likely back her again for her future venture, which could be wildly successful too.
Success and Failure — Dependent
The boundaries between success and failure are diminishing now.
Many times you become successful in future after you face a failure. And many times you fail in future because success goes too much in your head.
Success and failure are pretty much dependent on each other.
If you failed to achieve your desired objective, but keep the right attitude and rise up again, the chances are you have more drive and are better prepared to achieve it this time around than the first time.
In that founder’s case, if she keeps the positive mindset, and decide to start her next venture — (it need not be immediate as she could take a job somewhere and learn more skills as well), then a combination of her on-job training and her lessons learned from previous failure, she would be much better prepared for the next venture.
Similarly, as we’ve also seen in many cases for celebrity people, if you achieve too much success too early, chances are you will lose it all if the success goes too much in your head as with the success, your behavior, priorities, and expectations change.
I just saw this tweet from Alok Kejriwal on my Twitter timeline today morning — it’s very relevant and consistent to the point I’m making here –
Success and Failure — Tangled
On the other hand, we classify “failure” as if everything was lost and there was nothing to gain.
Failure can be absolutely devastating if you look at it from only one perspective.
But if you look at your journey to achieve any objective and the number of other things you gained before you failed in achieving your core objective, you will realize that it’s not a zero-sum game.
In that founder’s case, I could argue that while she failed in her core objective, she had achieved success in other areas like — learning lots of new personal and professional skills, building strong relationships and network, etc.
I’m not saying that we should take pride in failing and nonetheless celebrate it because we learned something.
In fact, I argue that you could be considered failure too from one’s perspective while you’re wildly successful from many’s perspectives.
I’ve known some people who’ve achieved great financial success, but at the cost of some health issues, family problems or some kind of personal sacrifice.
In that founder’s case, I could also argue that there are actually thousands of other people of her age who took more stable, less risky, high paid salaried career paths. So financially they are successful, but from one perspective, they could be considered as a failure too because they didn’t take the risky route she took and didn’t gain those valuable skills and relationships, etc.
So the best way is for us to confront these failures as much as possible early in our life as we do successes too.
And we should treat these failures as more of temporary setbacks in our journey than calling it an end.
☞ If you enjoyed this story, then please 👏 below to help others discover it too!