Today’s Friday Shoutout goes to Fuck Up Nights- Cape Town. The concept started in 2012 in Mexico with a single purpose: to share startup and business failure stories. Usually 3-4 entrepreneurs will be given 7 minutes and 10 slides to share their story (or stories) of failure. Afterwards there is time for questions and networking.
I’ve been to two of these events and heard some really great stories. One that struck me was from a prominent Khayelitsha businessman who I had met on before. I had known of his successes, but the failures he shared were much more interesting. They included getting himself tied up in bad tenders with dodgy business partners, making bad decisions about his money and getting left with nothing before restarting on his current path.
Sharing and learning from failures
The reason I love this concept so much is that much of the news we hear about businesses/startups is positive. We hear about the successes, the big equity deals and the awards. But it’s much rarer to hear about the failures, the bad decisions and the fuck ups.
And hearing this can impact current or budding entrepreneurs in two ways. Firstly, it can prepare them better to be aware of potential failures and learn how to avoid them. Secondly, it demonstrates that even the most successful entrepreneurs mess up and that it’s okay to do so.
So a shoutout to Fuck Up Nights for making it easier to talk and learn about failures. I can’t wait for the next one!
P.S. these take place all over the world. Visit the website to see if there’s one in your city
Image was taken at my first Fuck Up Night in May last year.
Song of the day: U2- With or without you (Listened to the original record today with Jared)
Thesis update: got some great work done on my literature review :)
Blog 81/365. Read more about my #365of25 journey here