Friday, July 2, 2010

Embrace Failure For Success

The fear of failure has been a hindrance to many potential success stories, Lotus 1-2-3 designer Mitchell Kapor said today.

Kapor stressed that the United States’ famed Silicon Valley is not a formula to be copied blindly. Instead, it is important to understand how to successfully apply the same principles, which is to embrace failures and to learn from mistakes.

“If we’re not going to take risks, we’ll never going to get started,” Kapor said when giving a lecture on “Innovation & Entrepreneurship” in Shah Alam today.

In addition to Lotus 1-2-3, Kapor was the first chairman of the Mozilla Foundation and a member Wikimedia Foundation advisory board apart from being made the honorary adviser in Innovation and Entrepreneurship for Selangor.

“It is important to understand that societies can encourage innovation and encourage the entrepreneurs if there are favourable conditions to it,” he added.

Kapor highlighted the importance of promoting science, technology, engineering and medicine fields of studies.

He also said investment in affordable broadband would contribute to the growth of interest in entrepreneurship.

With the worldwide users of virtual entertainment such as World of Warcraft and Second Life, Kapor expressed his vision to have the convenience of having a face-to-face conversation with avatars, instead of being present physically.

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