I told the audience at the Forum that because we recieved an overwhelming number of questions from the audience, I would ask some of them here on the blog and both Bill and Paul agreed to answer some of them. During the debate, we talked about how failure was part of taking risks and since both men thought philanthropy should embrace risk, it should be just fine with failure as a cost of doing business.
We discussed Paul’s willingness to admit failure such as the Hewlett’s release of their Hard Lessons report. So one of the audience questions was for Bill (who frequently cited his “intuition” as being the guiding force in his giving):
Bill, What’s an example of when you’ve failed? When your intuition was wrong?
I’ve often written about how failure is something that philanthropy needs to recognize as being normal and not the end of the world. I was glad to hear both Paul and Bill agree.