Entrepreneurship and the Possibility of Real Failure

In 2007 Vini­cius Vacanti quit his highly-paid job in fin­ance to take on life as an entre­pren­eur. In a short post describ­ing his reas­ons for doing so, Vacanti says that most of us haven’t faced the pos­sib­il­ity of real fail­ure, and entre­pren­eur­ship is a way to test your lim­its by attempt­ing to cre­ate some­thing of real value:

A scary idea star­ted creep­ing into my thoughts: what if I could build some­thing? Wouldn’t I always won­der? Wouldn’t I regret it? Wouldn’t it eat away at me over the years?

And, that’s when I real­ized that I didn’t actu­ally know if I was good enough because I hadn’t really failed in life (at least not pro­fes­sion­ally). Most people don’t really fail. We tend to take the job that we think we’ll suc­ceed in. We are hes­it­ant to reach. And, if we do reach and suc­ceed, then we don’t reach again.

The only way to know how good you might be at some­thing is to fail try­ing it.

And, that’s when I decided it was time to test my lim­its. It was time to really reach. It was time to quit my safe job and walk straight into almost cer­tain star­tup fail­ure.

There’s noth­ing mind-blow­ing here, admit­tedly – I just love how Vacanti phrased this.