Today's Hard|Forum Post
Today's Hard|Forum Post

Tuesday March 25, 2014

The Failure Fetish in Silicon Valley

Only in Silicon Valley could failure be considered a bragging right.

The tech industry used to bury its dead quietly. For years, cash-starved companies sold themselves for peanuts in order to save face; friends bailed each other out with 11th-hour "acqui-hires," and founders came up with euphemisms like "pivot" to soften the sting of defeat. But these days, start-up flameouts are increasingly serving as badges of honor, and stories like Abrams’s are being told at higher and higher volume. In an industry known for sunny optimism, Silicon Valley has managed to turn failure into a bragging right.