Startup failure is necessary to recycle capital into better companies
Kyle Harrison · Kyle Harrison, GP at Contrary on Techno-Optimism, Talent Vortexes, & Writing “Investing 101” · Sourcery with Molly O'Shea · Apr 12, 2024 · at 40:04
Kyle Harrison, General Partner at Contrary, discusses market consolidation and why business failures are essential for a healthy venture ecosystem.
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“Startups are supposed to fail. Like that's like, there are ideas. It is literally a mechanism of iteration and experimentation. Like startups are supposed to go out, try something, experiment. And if it fails, then the capital and the, like the, both the like currency capital, right. And like the monetary capital and the human capital are supposed to get recycled back into the system to be redistributed to other, maybe more deserving companies and experiments and startups.”
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