Solving some of the world’s fundamental problems is not only complex, it requires innovation. In this video, Pacific Channel venture partner Marny Reakes discusses the importance of persistence when developing solutions to complex global problems.

Here’s a few of the key points she covers:

• The need for bright ideas and unique approaches to tackle fundamental world issues
• Encouragement for entrepreneurs to try, fail, learn, and try again
• The value of practical experience and learning through active engagement in novel areas
• Recognition of the Kiwi spirit of "giving it a go" and learning from failures
• The venture capital perspective on failure, viewing it as a valuable learning experience
• The attractiveness of founders who have previously failed and are trying again, due to their acquired knowledge and resilience

She talks about why we should be embracing failure and using it as a learning opportunity, highlighting the value of experience gained through previous startup attempts. Marny explains that in the venture capital world, founders who have failed and are trying again are often viewed favourably due to their acquired knowledge and resilience.