Failure a tremendous experience, increases probability of success: Nilekani

Vinod Khosla was of the view that more money an entrepreneur raises initially, the less likely he or she is going to succeed

At a time when business failure is still considered to be a taboo in India and unlike Silicon Valley in the US which encourages risk-taking, Infosys co-founder and billionaire Nandan Nilekani said there is a need for a social fabric which delinks failure from entrepreneurs.

“You need a social fabric, which delinks failure from the person and which actually recognizes that failure is a tremendous experience, which is likely (going) to increase the probability of success next time around and that happens there (in Silicon Valley),” Nilekani told co-panellists venture capitalist Vinod Khosla and tech think-tank iSpirt co-founder Sharad Sharma,