Not All Failures Are Equal

Everybody says, “Embrace failure.” Sounds such bullshit, right? But here is the thing that we don’t talk about. There are two kinds of failure: Type 1 failure: This is like you jumping from a plane and the parachute fails to open — this failure...

Micromanagement Is Not What You Think It Is

When I was working with a private equity fund, some of the companies we invested in were performing poorly. So what was our response? We would start doing monthly ‘performance review’ calls to put pressure on the management to act faster and smarter. And...