Business Quote by Samir Rath
““In PayPal co-founder Max Levchin’s words: “The very first company I started failed with a great bang. The second one failed a little bit less, but still failed. The third one, you know, proper failed, but it was kind of okay. I recovered quickly. Number four almost didn’t fail. It still didn’t really feel great, but it did okay. Number five was PayPal.””
About This Quote
Source interview: Business Insights Podcast, 2022
Repeated entrepreneurial failures can be stepping stones, with each experience bringing the founder closer to eventual success.
In simple terms: Failures lead to eventual success.
Key Takeaway
Learn from each failure.
Themes
entrepreneurship
perseverance
learning
growth
business
Mood
optimistic
reflective
encouraging
Type
interview
business advice
When to use this quote
- business planning
- career mentorship
- startup incubators
Key Concepts
startup cycles
resilience
iteration
mindset
Questions to Reflect On
- What lessons did each failure teach?
- How can I apply past failures to future ventures?
A Different Perspective
Success often follows multiple setbacks.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)