Entrepreneurship #13 - Let's Forget Winner/Loser Culture

Steve Franks on Innovation - Over the past few months, I’ve attended five venture pitch competitions and judged two of them. During all of that, I noticed something. Nearly all competitions produce a tiny number of winners, while the rest of the contestants leave as losers. Think about it. The ratio of winners to losers in a typical competition rewards only a few - as the vast majority of contestants slink off into the sunset.