Heading for failure

Of all the weird, cultish beliefs that the made-in-Silicon-Valley start-up culture has given rise to, the weirdest is the cult of failure. 'Fail early and fail fast' is the mantra that started in the world of venture financing of tech companies but seems to be permeating the wider world of business. This deification of failure, of viewing failure as a rite of passage and as a sort of a qualification, is a strange phenomenon.