Stephen Dubner

How much money did Boykin lose?

How much money did Boykin lose?

How much money did Boykin lose?

John Boykin, Jill Hoffman, Travis Thull, they all tried and failed. According to the Bureau of Labor Statistics, around 20% of new businesses fail in their first two years and 45% in their first five years. So they have a lot of company. How should we think about their failure? Well, remember what we heard earlier from the innovation scholar, Eric von Hippel?

John Boykin, Jill Hoffman, Travis Thull, they all tried and failed. According to the Bureau of Labor Statistics, around 20% of new businesses fail in their first two years and 45% in their first five years. So they have a lot of company. How should we think about their failure? Well, remember what we heard earlier from the innovation scholar, Eric von Hippel?

John Boykin, Jill Hoffman, Travis Thull, they all tried and failed. According to the Bureau of Labor Statistics, around 20% of new businesses fail in their first two years and 45% in their first five years. So they have a lot of company. How should we think about their failure? Well, remember what we heard earlier from the innovation scholar, Eric von Hippel?

And think back to what we heard from the psychologist Gary Klein in the first episode of this series.

And think back to what we heard from the psychologist Gary Klein in the first episode of this series.

And think back to what we heard from the psychologist Gary Klein in the first episode of this series.

So perhaps we should celebrate the failures of Boykin and Hoffman and Thull. Think about it. The fact that so many people are willing to keep trying and failing is fantastic. This is how civilization progresses. And your willingness to fail is valuable to me because if you do succeed, I will share in that success.

So perhaps we should celebrate the failures of Boykin and Hoffman and Thull. Think about it. The fact that so many people are willing to keep trying and failing is fantastic. This is how civilization progresses. And your willingness to fail is valuable to me because if you do succeed, I will share in that success.

So perhaps we should celebrate the failures of Boykin and Hoffman and Thull. Think about it. The fact that so many people are willing to keep trying and failing is fantastic. This is how civilization progresses. And your willingness to fail is valuable to me because if you do succeed, I will share in that success.

So give me your leaky paint cans and glitchy flight school apps, even your ramen now. The wretched refuse of your teeming garage. Send these tempest-tossed to me. I lift my lamp beside the golden door. Coming up after the break, what's the difference between failure in invention and in academia? And how can you even tell? I'm Stephen Dubner. This is Freakonomics Radio. We'll be right back.

So give me your leaky paint cans and glitchy flight school apps, even your ramen now. The wretched refuse of your teeming garage. Send these tempest-tossed to me. I lift my lamp beside the golden door. Coming up after the break, what's the difference between failure in invention and in academia? And how can you even tell? I'm Stephen Dubner. This is Freakonomics Radio. We'll be right back.

So give me your leaky paint cans and glitchy flight school apps, even your ramen now. The wretched refuse of your teeming garage. Send these tempest-tossed to me. I lift my lamp beside the golden door. Coming up after the break, what's the difference between failure in invention and in academia? And how can you even tell? I'm Stephen Dubner. This is Freakonomics Radio. We'll be right back.

In our last episode, we talked about medical failures, where the stakes are literally life or death. In the first part of today's episode, we talked about entrepreneurial failures, which typically aren't life or death, but which can be expensive and painful and where the failure is obvious. But there's another realm where failure isn't so obvious, and it's certainly not life or death.

In our last episode, we talked about medical failures, where the stakes are literally life or death. In the first part of today's episode, we talked about entrepreneurial failures, which typically aren't life or death, but which can be expensive and painful and where the failure is obvious. But there's another realm where failure isn't so obvious, and it's certainly not life or death.

In our last episode, we talked about medical failures, where the stakes are literally life or death. In the first part of today's episode, we talked about entrepreneurial failures, which typically aren't life or death, but which can be expensive and painful and where the failure is obvious. But there's another realm where failure isn't so obvious, and it's certainly not life or death.

What is this realm? I'm talking about academia. If you have had the good fortune to make it into this realm with a tenured position, you can do pretty much what you want, often with generous funding from philanthropists and taxpayers. Now, I have come to know many academic researchers over the years, most of them in the social sciences.

What is this realm? I'm talking about academia. If you have had the good fortune to make it into this realm with a tenured position, you can do pretty much what you want, often with generous funding from philanthropists and taxpayers. Now, I have come to know many academic researchers over the years, most of them in the social sciences.