Nine Startups, Two Wins

Scott Galloway shares his perspective on failure tolerance in America and his personal experience with business attempts.

"Only 1 out of 7 businesses succeed, so my strategy has been to start 9 businesses and I got to 2 wins. All you need is 1. If you aren't trying really hard and taking risks and failing and then knowing when to pull the plug and move on, you're not taking advantage of the American embrace of risk and failure.

I've never had trouble raising money because of past failures. People didn't mind that as long as you treated your investors well, as long as you were a decent person and didn't do anything stupid or unethical. People don't have a problem funding you again. I've had a lot of failure professionally, but when I couldn't raise money, it wasn't because I had failed before."