Embracing failure is a necessary step for successful entrepreneurs

Thomas Edison invented the electric light, the central power station, the phonograph and recorded 1,000 patents, but his effort to extract low-grade iron ore from sand cost him millions of dollars and was dubbed “Edison’s Folly” in the late 1800s.

Steve Jobs was fired by Apple Computers, the very company he helped to create. Dean Kamen, the creator of the Segway Human Transporter and holder of 150 patents, jokes that his biggest failure is “that I have too many to talk about.”

Tom Still

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