Entrepreneurs shared their big moments of failure (and, of course, their learnings) at the „F**kUp Evening“, hosted by Insurtech Hub Munich and LV 1871.
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The startup scene has its own lingo. There’s „decks“ and „seed money“ and „unicorns“. And there are „f**kups“ – meaning failures. Still, what distinguishes founders from traditional business-people is not only their use of jargon, but also their openness to admit to moments in their careers where dreams went bust. Mid-February entrepreneurs and insurance industry professionals had the opportunity to listen to some of these stories (and, of course, the learnings involved) at the „F**kUp Evening“, hosted by InsurTech Hub Munich and insurance company LV 1871.
„It’s all about trust“ was the subtitle of the event – trust both as a prerequisite in the insurance business and as self-confidence. Management trainer and founder Chris Surel perfectly set the tone in his keynote. „My first f**kup gave me the confidence and strength that no success ever did before“, he said and addressed the audience: „What first looks like a breakdown might become your breakthrough in the end“. Professor Johannes Bruhn (Hochschule) gave an outline of recent AI failures and entrepreneurs Alexander Martin-Boes, Holger Emmert and Simon Dufour shared their experiences with business ideas that didn’t perform exactly as expected – and further discussed these with participants of the meetup over pizza and drinks.
