How has a failure, or apparent failure, set you up for later success? Do you have a favourite failure?
Recorded Iyinoluwa Aboyeji said elsewhere, not written here
Failure is the most likely outcome of entrepreneurship. Hence there is absolutely nothing wrong with failure. It is the default outcome. Success on the other hand is rare and unpredictable. Very few find it. However what can help entrepreneurs succeed is when an ecosystem learns from failure.

Aboyeji's own verified LinkedIn account, Iyinoluwa Aboyeji on LinkedIn, 5 January 2024 source ↗

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Chimamanda Ngozi Adichie Novelist and essayist
But after one year of medical school I fled. I realized I would be a very unhappy doctor and I really did not want to be responsible for the inadvertent death of my patients. Leaving medical school was a very unusual decision, especially in Nigeria where it is very difficult to get into medical school. Later, people told me that it had been very courageous of me, but I did not feel courageous at all. What I felt then was not courage but a desire to make an effort. To try.
Recorded Wellesley College 137th Commencement, 29 May 2015 source ↗
Mikhail Gorbachev General Secretary of the Communist Party of the Soviet Union 1985–1991; President of the Soviet Union 1990–1991
A period of transition to a new quality in all spheres of society's life is accompanied by painful phenomena. When we were initiating perestroika we failed to properly assess and foresee everything. Our society turned out to be hard to move off the ground, not ready for major changes which affect people's vital interests and make them leave behind everything to which they had become accustomed over many years. In the beginning we imprudently generated great expectations, without taking into account the fact that it takes time for people to realize that all have to live and work differently, to stop expecting that new life would be given from above.
Recorded Oslo City Hall, The Nobel Foundation, 5 June 1991 source ↗
Whitney Wolfe Herd Founder and chief executive of Bumble
Don't be scared of the ‘what ifs,’ because the truth is, the only failure is not trying. That's the only way you can fail. Trying and having it not work out isn't failure.
Recorded CNBC Make It interview, conducted 2019, 11 February 2021 source ↗
Peter Doherty Veterinary surgeon and immunologist; Nobel laureate in Physiology or Medicine, 1996
I tried for a Ph.D. scholarship to work with Cedric Mims, but was told to apply again later because he already had a "scholar" and would take only one student at a time. … The following week a job in the Department of Experimental Pathology at the Moredun was advertized in Nature. We sailed for Britain in early 1967, on a very slow and cheap ship.
Recorded Laureate-written autobiography for Les Prix Nobel, Nobel Prize Outreach, 1 December 1996 source ↗

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Question What advice would you give your twenty-year-old self, and what should they ignore? Time & hindsight
Do a deep reflection on what exactly went wrong and write it down. Please don't do that lazy analysis where you just blame government, the economy, the markets, fundraising etc. It might have been a contributing factor and you should reflect that but please do that uncomfortably deep and introspective work of figuring out where *YOU* the founder went wrong.
Recorded Aboyeji's own verified LinkedIn account, Iyinoluwa Aboyeji on LinkedIn, 27 July 2024 source ↗

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