Earlier this month, SpaceX’s Starship SN9 spacecraft blew itself to pieces around eight minutes after a successful touchdown. The failure must have cost tens of millions of dollars – yet it was celebrated.
That’s because failure is a necessary station on the path to success.
Elon Musk, the founder of SpaceX and now the richest man in the world, said if things are not failing, you are not innovating enough. Every successful entrepreneur will understand the wisdom in this perspective.
But when I look at this approach and its application in Pakistan, one thing becomes very clear: Pakistan lacks a culture of tolerance for failure, which is a necessary precondition to developing a mature startup ecosystem that translates into entrepreneurial success.