“SEO is a marketing function for sure,
but it needs to be baked into a product,
not slapped on like icing
after the cake is baked.”

Duane Forrester

Failing Breeds Success

“I’ve missed more than 9000 shots in my career, I’ve lost almost 300 games, 26 times I’ve been trusted to take the game winning shot and missed.” When people think of Michael Jordan do they think of someone who has failed? No, they think of the best basketball player who ever lived.

This past week the Waspit team took a fantastic trip up to Harvard University for the 2013 PYMNTS Innovation Project and Awards after being selected as having one of the top 5 Debit Innovations of the year. Not only did we attend with the hopes be being given the title “The Best Debit Innovation”, we also had the opportunity to showcase our new UI and connect with some of the best minds in the industry.

After receiving tremendous support from our users (you) we were hopeful going into the awards ceremony. We were up against industry titans who have been around for years and already have a strong grip in payments. We  thought that even though we might not be as well known, we are offering a service that is in need and NO ONE else is providing – Banking 2.0.


The long and the short of it is that we did not win. However, we are not broken or upset. If anything the entire Waspit team is invigorated and out to prove to the world that we are here to stay and doing something that will change the way people think of banking for the better.

Failure often breeds success – the only thing that limits you in life is yourself. If you really want something, you have no choice but to go after it. In the words of hockey great, Wayne Gretzky, “you miss 100% of the shots you don’t take”. Take advantage of every opportunity because the one you pass up might be the one that could have had the biggest impact.

In 1962 the Decca Recording Company turned down the Beatles because ‘”We don’t like their sound, and guitar music is on the way out.”

Walt Disney was fired from a newspaper because he “lacked imagination and had no original ideas.”

Abraham Lincoln lost his fiance, failed at business twice, declared bankruptcy, couldn’t get into law school, had a nervous breakdown, and lost 8 elections.

Failure is not bad, as long as you learn from it and use that knowledge to succeed. Success is hard, deliberate, and intentional. No one wakes up and randomly stumbles upon greatness. Rather they spend years working towards it and have sacrificed a lot to achieve it. In many ways succeeding has to be an obsession.

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