My series on failure continues with a recent article by James Surowiecki in the May 19 issue of The New Yorker, "Epic Failures of the Start-Up World." Surowiecki's brief piece -- in which he references research showing that failure doesn't predict future success, it predicts future failure -- was picked up by Inc. magazine's Ilan Mochari. In "Are You Celebrating Failure a Little Too Much?" Mochari points out that the research Surowiecki cites is based on VC-funded start-ups, which account for only 0.0005% (300 of 600,000) of new businesses. Other researchers argue that the experience gained by failure among the 99.95 percent of business start-ups that aren't venture-funded can indeed be invaluable going forward. What do you think? Drop me a line.