[fleitz]

Embracing failure is a good way to fail and also a good way to succeed. If succeeding in business was as easy as following a mantra we'd all be millionaires. Time has told us that Winer made arguably the right decision, but time has not told us whether Google made the right decision to kill wave.

If either philosophy was right all of the time YC would just put a checkbox with "Embrace Failure?" on the application and be done with it.

Wisdom is knowing when to apply the right knowledge.