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Run the Numbers

“I Lost Money – It Was Beautiful” – Brad Channer on Why You Should Fail at a Startup at Least Twice

Apr 10, 2025
Brad Channer, CFO of UBIO and former actor, offers a unique perspective on the entwined worlds of finance and creativity. He candidly discusses how early failures in startups become invaluable lessons, emphasizing resilience and adaptability. Channer shares insights on neurodiversity, advocating for diverse leadership styles to enhance team dynamics. He also reflects on the cultural differences in the tech scene between the UK and the US, and amusingly recounts bizarre expense claims that highlight the lighter side of financial management.
59:32

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Embracing failure as a learning opportunity is essential for entrepreneurs, fostering resilience and deeper industry understanding through real-world experiences.
  • Effective communication tailored to diverse audiences is crucial for finance professionals, enhancing the impact of financial discussions and decision-making strategies.

Deep dives

The Importance of Failure in Entrepreneurship

Failure is presented as a critical component of the entrepreneurial journey, equipping founders with invaluable lessons. The experience of launching the disastrous 'Free Beer' app serves as a testament to this, as every conceivable mistake was made, leading to profound learning. An old Welsh mentor's advice emphasizes that true entrepreneurship requires experiencing setbacks, reinforcing the idea that failure is not an endpoint but a stepping stone to success. This perspective is vital for entrepreneurs, as it cultivates resilience and a deeper understanding of the industry.

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