The Audacity to Fail podcast episode six: Shark Tank’s Steve Baxter on dealing with failure as an investor

In The Audacity to Fail series finale, Shark Tank’s Steve Baxter discusses failure from an investor’s point of view.

Listen to StartupSmart on the go: This podcast is now available on iTunes

“Sometimes you’ve got to shatter some illusions,” Baxter tells StartupSmart.

While it’s all well and good to talk about failure, Baxter says that the serious consequences when a business collapses shouldn’t be ignored.

Baxter says the broader public and government should give failed founders a second chance, but entrepreneurs should never take this for granted.

“You get to some of these journeys and you just want to pat the guys on the back and say, ‘you know, you gave it a good shot’, and you get to others and you really don’t want to look them in the face,” he says.

Music by Bunny Noir and Yesterday’s Cub.

Follow StartupSmart on Facebook, TwitterLinkedIn and SoundCloud.

You can help us (and help yourself)

Small and medium businesses and startups have never needed credible, independent journalism and information more than now.

That’s our job at SmartCompany: to keep you informed with the news, interviews and analysis you need to manage your way through this unprecedented crisis.

Now, there’s a way you can help us keep doing this: by becoming a SmartCompany supporter.

Even a small contribution will help us to keep doing the journalism that keeps Australia’s entrepreneurs informed.