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Dec 12, 2012

"When it is dark enough, you can see the stars." --Ralph Waldo Emerson

The Power of Failure, People & Karma Banking

Six months out of grad school Jim Fruchterman found himself at a rocket launchpad for one of the very first private enterprise rocket companies. "Our business manager was doing the countdown. 5-4-3-2-1, oh, BLEEP. The rocket blew up!" It was a pivotal failure in his trajectory. Fruchterman moved to the Bay Area and started his own rocket company. It failed. He helped start seven other high tech companies. Five of them nosedived. Undeterred by these failures Jim Fruchterman lanched Benetech -- a revolutionary non-profit tech company that seeks to benefit underserved communities. Earlier this year Fruchterman delivered an inspiring commencement speech offering up three key insights from his unusual journey.