What are your failures?
lemming: A few years ago, a friend of mine and I were DJing a lot. Just when CDs were coming in and people were starting to accept that DJs might not use only vinyl forever, we considered starting a website to sell electronic music digitally. At the time the bandwidth costs were so high that we couldn't have made a profit, so we shelved the idea. We totally missed the boat on that one.In my current company, which I once had a formative role in (I'm one of 3 founders), has made far too many mistakes to list here. The biggest ones IMO have been lack of quality control in hiring due to a desire to grow too big too quickly, and not realising how important it is to decide on the company culture that you want and defend it to the death. Now I feel like I work in a bank.