Is your startup failing? Here’s how to exit gracefully

Not every startup succeeds. Most persistent entrepreneurs eventually find themselves with a business that is failing or going nowhere. There’s lots of advice about starting a new business and navigating a great exit. People don’t like to talk about less successful endings. But pulling off a safe landing is at least as tricky as taking off. Even if you have to land hard and crunch the landing gear, you can still avoid hurting the passengers and crew.

Want to succeed? Try failing

Silicon Valley celebrates its successes, but the failure rate is generally much, much higher. But what makes the Valley different than other entrepreneur-rich areas is how it deals with those failures. Randy Komisar of Kleiner Perkins, in this entrepreneur though leader lecture given at Stanford University, says that only a company that can deal with failure and still make money has any chance of succeeding. The talk’s an old one – from 2004 – but the themes still resonate today.