TED: Don't fail fast -- fail mindfully | Leticia Gasca

The video discusses the historical punishments for failed entrepreneurs and the speaker's personal story of a failed social enterprise in Mexico. It highlights the importance of sharing failure stories, leading to the creation of FuckUp Nights and the Failure Institute. Research findings reveal gender and regional differences in coping with business failure. The video also examines the impact of public policy on business closures in Mexico and critiques the 'fail fast' mantra, proposing a more mindful approach to failure.

What was a common punishment for failed merchants in ancient Greece?

• They were made to pay a heavy fine.

• They were exiled from the city.

• They were forced to sit with a basket over their heads.

• They had to wear a green bonnet.

What was the main goal of the speaker's social enterprise?

• To train women in modern business practices.

• To expand business operations to other countries.

• To help Indigenous women generate income and improve their quality of life.

• To create a new line of handmade products.

What realization did the speaker have after sharing their failure story with friends?

• That all their friends were successful.

• That failure is a rare occurrence.

• That failure should be kept private.

• That sharing failures can make one stronger.

What is a common reaction among men after a business failure, according to the research?

• They look for a job in a different field.

• They start a new business in the same sector.

• They start a new business in a different sector.

• They take a long break from entrepreneurship.

What is the proposed benefit of the new public policy for closing businesses in Mexico?

• It will make starting a business easier.

• It will reduce the time and cost of closing a business.

• It will increase the average life expectancy of businesses.

• It will provide financial support to failed entrepreneurs.

What is the speaker's main critique of the 'fail fast' mantra?

• It encourages entrepreneurs to take unnecessary risks.

• It promotes laziness and minimizes the consequences of failure.

• It is only applicable to tech startups.

• It is too focused on financial outcomes.

What does the speaker propose as an alternative to 'failing fast'?

• Avoiding failure at all costs.

• Failing mindfully, considering the impact on people and communities.

• Failing quickly and moving on.

• Failing with a focus on financial recovery.