According to Komisar, what distinguishes the Silicon Valley is not its successes, but the way in which it deals with failures.  The Valley is about experimentation, innovation, and taking new risks. Only a small business that can deal with failure and still make money can exist in this environment.  It is a model based on many, many failures and a few extraordinary successes.

According to Komisar, what distinguishes the Silicon Valley is not its successes, but the way in which it deals with failures.  The Valley is about experimentation, innovation, and taking new risks. Only a small business that can deal with failure and still make money can exist in this environment.  It is a model based on many, many failures and a few extraordinary successes.

Stanford's Entrepreneurship Corner http://ecorner.stanford.edu/authorMaterialInfo.html?mid=996

ECorner is a Stanford University collection of online resources for teaching and learning entrepreneurship. ECorner features clips recorded during guest lectures at Stanford University of more than 200 speakers and offers insights on the following: creativity and innovation; opportunity recognition; finance and venture capital; leadership and adversity; and, other related topics.