Fareed speaks with Uber CEO Travis Kalanick about the link between failure and entrepreneurship in Silicon Valley. Watch the full interview on a GPS special on innovation in the United States, this Sunday at 10 a.m. and 1 p.m. ET on CNN.
People always say in Silicon Valley... the great thing about the place is you can fail. So what's the upside of down?
It's so easy to talk about failure when you're not failing. It's so much easier. So a lot of the folks who talk about failure and how it's so easy to do in Silicon Valley, those are people who have succeeded.
But when they hadn't succeeded yet, they were scared out of their minds of failing. And yes, I've certainly failed a couple of times. And it's scary. But I think if the folks who do succeed are the folks not who accept failure, but the folks who do not.
And so though Silicon Valley is a place where you can fail and get back up on your feet, I find that the folks that are most successful in Silicon Valley are the ones who do not accept failure, ever. And they just keep going until it works. But they don't keep going on something that's not going to work. They adjust and they move and try to find where reality and their vision meet. I like to say you can bend reality, but you can't break it.