This rings true with the TEDx video posted last week about what skateboarding can teach us about learning methods. http://www.youtube.com/watch?v=lHfo17ikSpY&feature=playe...
We learn from mistakes, so failure is to be as embraced as success. The startup community should be just the same. Take the lessons you learn and try again and again.
The goal should be to have frequent, small failures that you have enough time to learn from, rather than a few catastrophic failures which end your startup and saddle you with baggage afterwards.
Failure is a part of success, but only when taken in the right quantities.
