[giusemir1978]

I like the post a lot. Looks like Dana tried a lot and learnt a lot from what was not working for him.

I especially like the cultural side of trying, folding gracefully (if need be), learning and re-trying.

Here in Italy, you can't just do that. Even a graceful fold marks you as a lifetime failure, it is a sort of social stigma.

I wonder how this works in other parts of the world, in and outside US.

[ra]

Are you sure that's how entrepreneurs and investors think in Italy?

I strongly suspect that if you genuinely tried hard in a business that ultimately failed, and truly learned some difficult lessons then people will give you another chance.

For most of us, failure is a milestone on the road to success.

[giusemir1978]

I have been an entrepreneur for five years.

I decided to close the business and get hired because the risk to reward ratio was too skewed on the risk side.

According to what I have seen happening to fellow entrepreneurs, when they did run into trouble they did not get broken but neither had second chances.