“I believe failure is a wonderful teacher,” Wallace said at the Tampa Bay Innovation Center’s April 10 Tech Talk at Microsoft’s office in Tampa. “I’ve learned much more from my mistakes and failures. In fact, I don’t even think success is a good teacher. You learn a lot more from getting beaten up a little bit and falling down and getting back up and figuring out what you didn’t know.”
It’s a key message for Tampa Bay’s growing startup community from one of the area’s most prominent serial entrepreneurs. While failure is par for the course in cities with a larger technology industry, there are still relatively few support systems locally for founders who have to fold their businesses. That lack of support could prevent Tampa Bay from growing its entrepreneurial base.