Many entrepreneurs and investors – especially in Silicon Valley – believe that failure is acceptable. Mark Suster writes:

I prefer second time (or more) entrepreneurs. Sure, I would love to work with people who have had multiple successes. But I’m not afraid of entrepreneurs that didn’t succeed the first time. I want to work with talented people with good judgment. And so I’m out to spread the word, “Good Judgment Comes from Experience, but Experience Comes from Bad Judgment.” Go out and learn.

There’s a big difference, however, between failing while giving your very best, and failing for the sake of failing. Mark Suster wrote an excellent post touching on this – Why The ‘Fail Fast’ Mantra Needs to Fail – and here are my thoughts on this issue:

Do you agree?

For a slightly different perspective about failure, you might want to read Jason Fried’s post from last year – Failure is overrated, a redux.